Global and China Panax Quinquefolius Market Insights, Forecast to 2027

Panax Quinquefolius (American Ginseng) is a herbaceous perennial plant in the ivy family, commonly used as an herb in traditional medicine, including traditional Chinese Medicine. It is native to eastern North America, though it is also cultivated in China. Since the 18th century, American ginseng (P. quinquefolius) has been primarily exported to Asia, where it is highly valued for its cooling and sedative medicinal effects. It is considered to represent the cooling yin qualities, while Asian ginseng embodies the warmer aspects of yang. The Panax Quinquefolius industry can be broken down into several segments, US-based Ginseng, Canada-based Ginseng, China-based Ginseng, etc.
Global Panax Quinquefolius key players include Hsu’s, WOHO, Great Mountian Ginseng, Tongrentang, Shanghai Leiyunshang Pharmaceutical, etc. Asia-Pacific is the largest market, with a share about 80%, followed by Europe and North America, both have a share over 18 percent. In terms of product, China-based Ginseng is the largest segment, with a share over 77%. And in terms of application, the largest application is Small Cut, followed by Capsule, etc.

Market Analysis and Insights: Global and China Panax Quinquefolius Market
This report focuses on global and China Panax Quinquefolius market.
In 2020, the global Panax Quinquefolius market size was US$ 1028 million and it is expected to reach US$ 2874.8 million by the end of 2027, with a CAGR of 16.0% during 2021-2027. In China the Panax Quinquefolius market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Panax Quinquefolius Scope and Market Size
Panax Quinquefolius market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Panax Quinquefolius market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Panax Quinquefolius market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
US-based Ginseng
Canada-based Ginseng
China-based Ginseng

Segment by Application
Small Cut
Capsule
Powder
Others

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Hsu’s
WOHO
Great Mountian Ginseng
Tongrentang
Shanghai Leiyunshang Pharmaceutical
Shanghai Leiyunshang Pharmaceutical
Globrand
Kangmei Xinkaihe