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Covina, United States: Global Ginseng Extract Market, By Type (Front Loaders, Rear Loader, ASL (Automated Side Loaders), Pneumatic Collection, and Grapple Trucks), By Technology (Manual and Semi-Automatic), By Application (Industrial Garbage, Municipal Garbage, and Others), By Fuel (Natural Gas and Electric), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2029
Ginseng is an evergreen. It can be identified by its thick roots and solitary stalk bearing green leaves with an oval form. Ginseng has properties that make it a herbal supplement. Commercial demand for its extracts is extremely high, especially given their exceptional and excellent benefits of having anti-inflammatory, anti-cancer, and antioxidant properties. Additionally, it is employed in the homoeopathic treatment of attention deficit hyperactivity disorder, stress, poor libido, and melancholy. Consumer health consciousness is rising, which has a significant impact on the food business. The target market is continually being stimulated by the rising trend toward health and wellness. Consumers today not only favour healthier food, but also non-GMO food products without artificial ingredients. The market’s businesses are working to include superior nutrients in their goods, which is driving up demand for ginseng.
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Key Segmentation of the Ginseng Extract market:
The global ginseng extract market accounted for US$ 622.9 million in 2019 and is estimated to be 903.8 billion by 2027 and is anticipated to register a CAGR of 4.8%. The market report has been segmented on form, application, distribution channel, and region.
The Ginseng Extract Market Report mentions the following promising regions:
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The prominent player operating in the global Ginseng Extract market includes Amway, The Boots Company PLC, Elemis Ltd., Allcura Naturheilmittel GmbH, Inovital, Starwest Botanicals, RFI Ingredients, Korean Ginseng Export Corporation, Nature Essential, and Oxford Vitality.
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