The global ginseng market size is estimated to reach US$ 786.5 million in 2024. It will likely exhibit a CAGR of 4.3% during the assessment period, with an overall market valuation totaling US$ 1,262.3 million by 2034.
Ginseng is becoming a highly sought-after product globally owing to its multiple health benefits. It is considered a highly effective herb for the treatment of stress, erectile dysfunction, diabetes, and anxiety.
Growing consumer health awareness is a significant factor boosting the growth of the ginseng industry. Similarly, rising demand for healthy and high-nutritional foods will likely boost ginseng sales through 2034.
Today, people are keen to consume healthy food products, prompting food manufacturers to incorporate ingredients like ginseng in their products. This is expected to foster marten growth during the assessment period.
Ginseng is often associated with immune system support. It is believed to possess immune-boosting properties, making it an attractive choice for individuals looking to enhance their body's natural defenses.
As the importance of immune health gains prominence, consumers are turning to ginseng as a potential natural supplement to support their immune systems, particularly during times of increased awareness about health and wellness. This will likely fuel ginseng demand during the assessment period.
Ginseng Market Overview
| Attributes | Key Insights |
|---|---|
| Estimated Ginseng Market Value (2024) | US$ 786.5 million |
| Projected Ginseng Market Revenue (2034) | US$ 1,262.3 million |
| Expected CAGR (2024 to 2034) | 4.3% |
| Top 3 Countries Market Share | 52.6% |
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Growing Interest in Preventive Healthcare Emerging as a Key Market-shaping Trend
| Market Statistics | Details |
|---|---|
| 2022 Outlook (P) | 4.3% |
| 2022 Outlook (A) | 4.9% |
| Jan to Jun (H1),2023 Projected (P) | 3.9% |
| Jan to Jun (H1),2023 Outlook (A) | 4.6% |
| Jul to Dec (H2), 2023 Outlook (P) | 4.9% |
| Jul to Dec (H2), 2023 Projected (A) | 5.1% |
| Jan to Jun (H1), 2024 Projected (P) | 4.7% |
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Global sales of ginseng increased at a steady CAGR from 2019 to 2023. Over the forecast period, the global market for ginseng is projected to advance at a CAGR of 4.3%, totaling a valuation of US$ 1,262.3 million by 2034.
For many years, ginseng has held a significant position in traditional Asian medicine, particularly in China and Korea. Its status for boosting vitality, longevity, and overall well-being has enhanced its popularity across generations. Initially, the ginseng market remained primarily within these regions, driven by local consumption and old practices.
Expanding trade and growing awareness of ginseng's potential health benefits, however, propelled it onto the global stage. This newfound interest fuelled increased cultivation, trade, and the development of diverse ginseng-based products. This historic shift marked a gradual move beyond its traditional use, reflecting a rising interest in natural remedies and herbal supplements.
In the assessment period, the ginseng market is set to grow steadily. Consumers are increasingly attracted to its adaptogenic properties, immune system support, and potential cognitive benefits. This aligns with a growing global focus on health and wellness, where natural and plant-based solutions like ginseng are gaining traction.
The worldwide ginseng industry is likely to be impacted by the peer or tangential markets in the food and beverages division. These include the ginseng extract industry and the digestive health supplement industry. Drivers and trends are thoroughly analyzed to find business opportunities in all these markets.
Global Ginseng Market Analysis:
| Attributes | Global Ginseng Market Analysis |
|---|---|
| CAGR (2024 to 2034) | 4.3% |
| Growth Factor | The growing popularity of ginseng-based supplements is expected to boost the growth of the ginseng market. |
| Ginseng Market Trends | Rising interest in preventive healthcare and ongoing product innovation are key trends shaping the ginseng market. |
Digestive Health Supplement Market Analysis:
| Attributes | Digestive Health Supplement Market Analysis |
|---|---|
| CAGR (2024 to 2034) | 6.0% |
| Growth Factor | The rising prevalence of digestive disorders and growing health awareness are expected to fuel the growth of the digestive health supplement market. |
| Key Trend | A key trend observed in the market is the growing popularity of prebiotics and probiotics. |
Ginseng Extract Market Analysis:
| Attributes | Ginseng Extract Market Analysis |
|---|---|
| CAGR (2024 to 2034) | 7.3% |
| Growth Factor | Growing demand for herbal supplements is set to expand the ginseng extract market size. |
| Key Trend | Unique applications of ginseng extracts, such as ginseng tea, will likely foster sales growth. |
The table below shows the ginseng market CAGRs in leading nations. Germany, India, and Japan are expected to emerge as key consumers of ginseng products, with projected CAGRs of 4.2%, 5.1%, and 3.9%, respectively, through 2034.
| Countries | Expected CAGR (2024 to 2034) |
|---|---|
| China | 2.8% |
| United States | 2.3% |
| United Kingdom | 3.1% |
| Germany | 4.2% |
| India | 5.1% |
| Japan | 3.9% |
As per the latest analysis, the United States ginseng market is poised to witness a steady CAGR of 2.3% during the forecast period. This can be attributed to a combination of several factors, including:
Growing demand for ginseng due to the increasing popularity of veganism is expected to boost the growth of the ginseng market in the United States through 2034. Americans are inclined towards consuming plant-based supplements like ginseng because of their health benefits, thereby driving demand.
Another key factor driving sales of American ginseng is the significant application of ginseng in herbal supplements and dietary supplements. In the United States, dietary supplements, including ginseng-based ones, benefit from the growing trend of healthy lifestyles and healthcare spending, particularly among the elderly.
South Korea is set to account for a dominant share of 65.0% in the Asia Pacific ginseng market in 2024. Over the assessment period, ginseng demand in Korea will likely grow steadily, owing to factors like:
People in South Korea believe in ginseng's health benefits, considering it a natural remedy for several ailments. Thus, they widely consume ginseng-based supplements, drinks, teas, and other products, thereby driving the demand for ginseng.
Nearly 7 in 10 Koreans said they had bought and consumed healthy functional foods last year, according to a survey conducted by the Ministry of Food and Drug Safety (MFDS) in 2021. Growing demand for healthy functional foods is anticipated to boost sales of ginseng, especially red ginseng, across Korea through 2034.
The table below provides in-depth insights into leading segments in the ginseng market. This information can help companies maximize profits by investing in popular ginseng forms and varieties. The below section shows the cultivated segment dominating the industry, holding a share of 69.7% in 2024. Based on end-use, the pharmaceutical products segment is set to hold a market share of 41.8% in 2024.
| Segments | Market Share (2024) |
|---|---|
| Cultivated (Source) | 69.7% |
| Pharmaceutical Products (End-use) | 41.8% |
Based on the source, cultivated ginseng is estimated to account for a dominant market share of over 69.7% in 2024. This can be attributed to the growing popularity of cultivated ginseng due to its several advantages, including sustainability, low cost, accessibility, and quality control.
In the United States and South Korea, mountain-cultivated ginseng (MCG) is a very basic health-functional material. Most manufacturers operating in the global market are focusing on adopting optimal cultivation techniques, which is expected to foster segment growth.
Cultivated ginseng, however, can accumulate a large amount of bioactive and ginsenoside substances. This is putting the wild or mountain-wild ginseng (MWG). Wild ginseng has certain perceived advantages, such as rarity or potency, which will likely fuel its demand during the assessment period.
As per the latest analysis, pharmaceutical products will likely remain a key revenue-generation segment, holding a market share of 41.8% in 2024. This is due to the increasing usage of ginseng in the pharmaceutical industry.
Key manufacturers of ginseng products are launching innovative products with attractive packaging to meet rising consumer demand for herbs and other natural supplements.
They also employ tactics like partnerships, mergers, collaborations, acquisitions, advertisements, and facility expansions to gain a competitive edge in the global ginseng market.
Recent Developments in the Ginseng Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | US$ 786.5 million |
| Projected Market Size (2034) | US$ 1,262.3 million |
| Expected CAGR (2024 to 2034) | 4.3% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | US$ million for Value, metric ton for Volume, and CAGR from 2024 to 2034 |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Source, Form, Variety, End-use, and Region |
| Key Companies Profiled | Korean Ginseng Export Corporation; Organika Health Products Inc.s; Ilhwa Co. Ltd; Korean Ginseng Corp.; RFI Ingredients, Inc.; Koshiro Co Ltd; Daedong Korea Ginseng Co., Ltd.; Ningbo Gianon Biotech Co., Ltd.; Sino-Nature International Co., Ltd.; Shanghai FanPharma Co., Ltd.; Nature's Way |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Trends, Opportunities, and Hindrances, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global ginseng market is estimated to be valued at US$ 786.5 million in 2024.
The ginseng market size is expected to reach US$ 1,262.3 million in 2034.
As per Future Market Insights (FMI), ginseng demand is estimated to grow at 4.3% CAGR through 2034.
The United States, China, South Korea, and Japan.
Around 8000 to 10000 in certain Indian states.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ million) & Volume (tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ million) & Volume (tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Source 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ million) & Volume (tons) Analysis By Source, 2019 to 2023 5.3. Current and Future Market Size Value (US$ million) & Volume (tons) Analysis and Forecast By Source, 2024 to 2034 5.3.1. Wild 5.3.2. Cultivated 5.4. Y-o-Y Growth Trend Analysis By Source, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Source, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ million) & Volume (tons) Analysis By Form, 2019 to 2023 6.3. Current and Future Market Size Value (US$ million) & Volume (tons) Analysis and Forecast By Form, 2024 to 2034 6.3.1. Raw 6.3.2. Powder 6.3.3. Extract 6.4. Y-o-Y Growth Trend Analysis By Form, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Form, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Variety 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ million) & Volume (tons) Analysis By Variety, 2019 to 2023 7.3. Current and Future Market Size Value (US$ million) & Volume (tons) Analysis and Forecast By Variety, 2024 to 2034 7.3.1. Oriental Ginseng 7.3.2. American Ginseng 7.3.3. Siberian Ginseng 7.3.4. Others 7.4. Y-o-Y Growth Trend Analysis By Variety, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Variety, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ million) & Volume (tons) Analysis By End-use, 2019 to 2023 8.3. Current and Future Market Size Value (US$ million) & Volume (tons) Analysis and Forecast By End-use, 2024 to 2034 8.3.1. Personal Care Products 8.3.2. Dietary Supplements 8.3.3. Food and Beverage Processing 8.3.4. Pharmaceutical Products 8.4. Y-o-Y Growth Trend Analysis By End-use, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By End-use, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ million) & Volume (tons) Analysis By Region, 2019 to 2023 9.3. Current Market Size Value (US$ million) & Volume (tons) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ million) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ million) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. United States 10.2.1.2. Canada 10.2.2. By Source 10.2.3. By Form 10.2.4. By Variety 10.2.5. By End-use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Source 10.3.3. By Form 10.3.4. By Variety 10.3.5. By End-use 10.4. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ million) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ million) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Source 11.2.3. By Form 11.2.4. By Variety 11.2.5. By End-use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Source 11.3.3. By Form 11.3.4. By Variety 11.3.5. By End-use 11.4. Key Takeaways 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ million) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ million) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. United Kingdom 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Western Europe 12.2.2. By Source 12.2.3. By Form 12.2.4. By Variety 12.2.5. By End-use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Source 12.3.3. By Form 12.3.4. By Variety 12.3.5. By End-use 12.4. Key Takeaways 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ million) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ million) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Poland 13.2.1.2. Russia 13.2.1.3. Czech Republic 13.2.1.4. Romania 13.2.1.5. Rest of Eastern Europe 13.2.2. By Source 13.2.3. By Form 13.2.4. By Variety 13.2.5. By End-use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Source 13.3.3. By Form 13.3.4. By Variety 13.3.5. By End-use 13.4. Key Takeaways 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ million) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ million) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. India 14.2.1.2. Bangladesh 14.2.1.3. Australia 14.2.1.4. New Zealand 14.2.1.5. Rest of South Asia and Pacific 14.2.2. By Source 14.2.3. By Form 14.2.4. By Variety 14.2.5. By End-use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Source 14.3.3. By Form 14.3.4. By Variety 14.3.5. By End-use 14.4. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ million) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ million) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.2. By Source 15.2.3. By Form 15.2.4. By Variety 15.2.5. By End-use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Source 15.3.3. By Form 15.3.4. By Variety 15.3.5. By End-use 15.4. Key Takeaways 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ million) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ million) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of Middle East & Africa 16.2.2. By Source 16.2.3. By Form 16.2.4. By Variety 16.2.5. By End-use 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Source 16.3.3. By Form 16.3.4. By Variety 16.3.5. By End-use 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. United States 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2024 17.1.2.1. By Source 17.1.2.2. By Form 17.1.2.3. By Variety 17.1.2.4. By End-use 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2024 17.2.2.1. By Source 17.2.2.2. By Form 17.2.2.3. By Variety 17.2.2.4. By End-use 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2024 17.3.2.1. By Source 17.3.2.2. By Form 17.3.2.3. By Variety 17.3.2.4. By End-use 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2024 17.4.2.1. By Source 17.4.2.2. By Form 17.4.2.3. By Variety 17.4.2.4. By End-use 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2024 17.5.2.1. By Source 17.5.2.2. By Form 17.5.2.3. By Variety 17.5.2.4. By End-use 17.6. United Kingdom 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2024 17.6.2.1. By Source 17.6.2.2. By Form 17.6.2.3. By Variety 17.6.2.4. By End-use 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2024 17.7.2.1. By Source 17.7.2.2. By Form 17.7.2.3. By Variety 17.7.2.4. By End-use 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2024 17.8.2.1. By Source 17.8.2.2. By Form 17.8.2.3. By Variety 17.8.2.4. By End-use 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2024 17.9.2.1. By Source 17.9.2.2. By Form 17.9.2.3. By Variety 17.9.2.4. By End-use 17.10. Poland 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2024 17.10.2.1. By Source 17.10.2.2. By Form 17.10.2.3. By Variety 17.10.2.4. By End-use 17.11. Russia 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2024 17.11.2.1. By Source 17.11.2.2. By Form 17.11.2.3. By Variety 17.11.2.4. By End-use 17.12. Czech Republic 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2024 17.12.2.1. By Source 17.12.2.2. By Form 17.12.2.3. By Variety 17.12.2.4. By End-use 17.13. Romania 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2024 17.13.2.1. By Source 17.13.2.2. By Form 17.13.2.3. By Variety 17.13.2.4. By End-use 17.14. India 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2024 17.14.2.1. By Source 17.14.2.2. By Form 17.14.2.3. By Variety 17.14.2.4. By End-use 17.15. Bangladesh 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2024 17.15.2.1. By Source 17.15.2.2. By Form 17.15.2.3. By Variety 17.15.2.4. By End-use 17.16. Australia 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2024 17.16.2.1. By Source 17.16.2.2. By Form 17.16.2.3. By Variety 17.16.2.4. By End-use 17.17. New Zealand 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2024 17.17.2.1. By Source 17.17.2.2. By Form 17.17.2.3. By Variety 17.17.2.4. By End-use 17.18. China 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2024 17.18.2.1. By Source 17.18.2.2. By Form 17.18.2.3. By Variety 17.18.2.4. By End-use 17.19. Japan 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2024 17.19.2.1. By Source 17.19.2.2. By Form 17.19.2.3. By Variety 17.19.2.4. By End-use 17.20. South Korea 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2024 17.20.2.1. By Source 17.20.2.2. By Form 17.20.2.3. By Variety 17.20.2.4. By End-use 17.21. GCC Countries 17.21.1. Pricing Analysis 17.21.2. Market Share Analysis, 2024 17.21.2.1. By Source 17.21.2.2. By Form 17.21.2.3. By Variety 17.21.2.4. By End-use 17.22. South Africa 17.22.1. Pricing Analysis 17.22.2. Market Share Analysis, 2024 17.22.2.1. By Source 17.22.2.2. By Form 17.22.2.3. By Variety 17.22.2.4. By End-use 17.23. Israel 17.23.1. Pricing Analysis 17.23.2. Market Share Analysis, 2024 17.23.2.1. By Source 17.23.2.2. By Form 17.23.2.3. By Variety 17.23.2.4. By End-use 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Source 18.3.3. By Form 18.3.4. By Variety 18.3.5. By End-use 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. Organika Health Products Inc 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.1.5.2. Product Strategy 19.1.1.5.3. Channel Strategy 19.1.2. Ilhwa Co. Ltd 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.2.5.2. Product Strategy 19.1.2.5.3. Channel Strategy 19.1.3. Korean Corp. 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.3.5.2. Product Strategy 19.1.3.5.3. Channel Strategy 19.1.4. RFI Ingredients, Inc 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.4.5.2. Product Strategy 19.1.4.5.3. Channel Strategy 19.1.5. Koshiro Co Ltd 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.5.5.2. Product Strategy 19.1.5.5.3. Channel Strategy 19.1.6. Daedong Korea Co., Ltd. 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.6.5.2. Product Strategy 19.1.6.5.3. Channel Strategy 19.1.7. Ningbo Gianon Biotech Co., Ltd. 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.7.5.2. Product Strategy 19.1.7.5.3. Channel Strategy 19.1.8. Sino-Nature International Co., Ltd. 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.8.5.2. Product Strategy 19.1.8.5.3. Channel Strategy 19.1.9. Shanghai FanPharma Co., Ltd. 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.9.5.2. Product Strategy 19.1.9.5.3. Channel Strategy 19.1.10. Nature's Way 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 19.1.10.5.2. Product Strategy 19.1.10.5.3. Channel Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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