Ginseng Market: Shows Increasing Demand to Be Observed in the Coming Decade

This press release was orginally distributed by SBWire Seattle, WA — ( SBWIRE ) — 09/24/2019 — Ginseng is a slow growing perennial plant which can live for more than a century and has green oval-shaped leaves with fleshy roots. There are mainly two types of ginseng: American ginseng and Asian ginseng. American ginseng is known as Panax quinquefolius and Asian ginseng is named Panax ginseng. Globally, ginseng is used as an herb that boosts energy levels of the body. Because of its antioxidant and anti-inflammatory properties, ginseng helps to boost the immune system, and hence reduces risk of viral and microbial infections. Furthermore, ginseng helps to reduce the risk of cancers such as lung cancer, skin cancer and liver cancer. Other health benefits associated with ginseng include reducing blood sugar, and improvement in brain functions such as memory and behavioral functions. Request PDF Brochure of Report: https://www.coherentmarketinsights.com/insight/request-pdf/2587 Market Dynamics Ginseng is principally produced in the U.S., Canada, and South Korea. In China, ginseng is used as an herbal medicine for centuries, and is one of its leading consumers. Asia Pacific holds a dominant position in the market for ginseng and is also the fastest growing market. This is due to increasing health awareness among consumers in this region. Ginseng helps to reduce the risk of chronic diseases such as heart disease, high blood pressure, and others. According to India Brand Equity Foundation, India healthcare sector is expected to reach US$ 372 billion by 2022 from US$ 110 billion in 2016. Since ginseng is used as an herbal medicine, it has a wide range of applications in the pharmaceutical industry. A significant growth in the pharmaceutical industry is expected to boost the ginseng market growth in the Asia Pacific region during the forecast period. Market Taxonomy On the basis […]

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