Market Outlook
The global Panax Quinquefolius market size was valued at USD 1217.2 million in 2022 and is forecast to a readjusted size of USD 3299.9 million by 2029 with a CAGR of 15.3% during review period.
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 Mountain 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.
This report is a detailed and comprehensive analysis for global Panax Quinquefolius market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Panax Quinquefolius market size and forecasts, in consumption value ($ Million), sales quantity (Ton), and average selling prices (US$/Kg), 2018-2029
Global Panax Quinquefolius market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Ton), and average selling prices (US$/Kg), 2018-2029
Global Panax Quinquefolius market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Ton), and average selling prices (US$/Kg), 2018-2029
Global Panax Quinquefolius market shares of main players, shipments in revenue ($ Million), sales quantity (Ton), and ASP (US$/Kg), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Panax Quinquefolius
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Panax Quinquefolius market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Key Market Players
Hsu’s
WOHO
Great Mountain Ginseng
Tongrentang
Shanghai Leiyunshang Pharmaceutical
Shanghai Leiyunshang Pharmaceutical
Globrand
Kangmei Xinkaihe
Segmentation By Type
US-based Ginseng
Canada-based Ginseng
China-based Ginseng
Segmentation By Application
Small Cut
Capsule
Powder
Others
Segmentation By Region
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Market SWOT Analysis
What are the strengths of the Panax Quinquefolius market in 2025?
The Panax Quinquefolius market benefits from its growing popularity as a natural remedy for stress, fatigue, and immune support, driving demand in the wellness and pharmaceutical industries. Its high demand in herbal supplements and the increasing consumer shift towards plant-based products contribute to its strong market position.
What are the weaknesses of the Panax Quinquefolius market in 2025?
One weakness is the limited cultivation regions, which may lead to supply chain disruptions. Additionally, the high cost of production and the vulnerability of the plant to environmental factors may increase prices, affecting its accessibility for some consumers.
What are the opportunities for the Panax Quinquefolius market in 2025?
There are significant opportunities in expanding the market into new geographical areas with rising health consciousness. The increasing trend of personalized medicine and growing research on the herb’s medicinal properties could unlock new applications and enhance market growth.
What are the threats to the Panax Quinquefolius market in 2025?
Market saturation and competition from other herbal supplements or synthetic alternatives may pose threats. Moreover, regulations around the harvesting and export of Panax Quinquefolius could impact its availability, and climate change may affect its natural habitat and cultivation.
Market PESTEL Analysis
What are the political factors influencing the Panax Quinquefolius market in 2025?
Government regulations regarding the cultivation and trade of Panax Quinquefolius play a significant role. Trade policies, import/export regulations, and support for herbal medicine industries can affect the market dynamics. Political stability in key growing regions also impacts production and distribution.
What are the economic factors influencing the Panax Quinquefolius market in 2025?
Economic factors such as consumer spending on health and wellness products are crucial. With increasing disposable income in emerging markets, the demand for herbal supplements is growing. The cost of production, labor, and distribution also impacts the overall pricing and affordability of Panax Quinquefolius.
What are the social factors influencing the Panax Quinquefolius market in 2025?
There is a growing consumer interest in natural and plant-based products, driven by a shift toward healthier lifestyles. Increased awareness of mental health and wellness is also contributing to the demand for herbal supplements like Panax Quinquefolius. Social attitudes toward traditional medicine are becoming more favorable.
What are the technological factors influencing the Panax Quinquefolius market in 2025?
Advancements in agricultural technology and biotechnology may improve the cultivation and sustainability of Panax Quinquefolius. Innovations in extraction methods and product formulations could lead to more effective and diverse uses of the herb, expanding its market potential.
What are the environmental factors influencing the Panax Quinquefolius market in 2025?
Climate change and environmental conditions in key cultivation areas are a significant concern. Sustainable farming practices are necessary to ensure the long-term availability of Panax Quinquefolius. Additionally, environmental regulations around agricultural practices may affect production processes.
What are the legal factors influencing the Panax Quinquefolius market in 2025?
The legal landscape surrounding the harvesting, trade, and use of Panax Quinquefolius is essential. Laws regarding the certification of herbal products, intellectual property, and health claims will impact market growth. Compliance with health and safety standards is also critical for companies operating in this space.
Market SIPOC Analysis
Who are the suppliers in the Panax Quinquefolius market in 2025?
The suppliers in the Panax Quinquefolius market include farmers and cultivators who grow the herb, extractors who process it into usable forms, and distributors who provide it to manufacturers of supplements and pharmaceutical products. Additionally, suppliers of packaging materials and logistics services play a key role in the supply chain.
What are the inputs needed for the Panax Quinquefolius market in 2025?
The key inputs include raw Panax Quinquefolius roots or leaves, farming tools and seeds for cultivation, technological equipment for extraction, and regulatory compliance documentation. Packaging materials and labor for harvesting, processing, and distribution are also necessary.
What are the processes involved in the Panax Quinquefolius market in 2025?
The processes include cultivation, harvesting, extraction, product formulation (such as capsules or powders), quality control, and packaging. These processes are followed by distribution to retailers and healthcare product manufacturers, who then market the product to end consumers.
What are the outputs in the Panax Quinquefolius market in 2025?
The outputs consist of Panax Quinquefolius-based products such as supplements, powders, and extracts, which are sold to consumers. These products are designed for various health benefits, such as improving energy, immune function, and reducing stress.
Who are the customers in the Panax Quinquefolius market in 2025?
The customers include health-conscious individuals, wellness enthusiasts, and consumers seeking natural remedies. Additionally, pharmaceutical companies, supplement manufacturers, and retailers are key customers in the B2B segment, providing products to end users through online platforms and physical stores.
Market Porter's Five Forces
What is the threat of new entrants in the Panax Quinquefolius market in 2025?
The threat of new entrants is moderate. While the demand for herbal supplements is growing, the high barriers to entry, including the need for specialized knowledge in cultivation and extraction, as well as the capital investment in infrastructure and regulatory compliance, limit new competition.
What is the bargaining power of suppliers in the Panax Quinquefolius market in 2025?
The bargaining power of suppliers is relatively high due to the limited number of regions where Panax Quinquefolius can be grown and the reliance on specific cultivation techniques. Any disruption in the supply chain, such as environmental factors or regulatory changes, could affect the availability and cost of the herb.
What is the bargaining power of buyers in the Panax Quinquefolius market in 2025?
The bargaining power of buyers is moderate. While there is growing demand for herbal products, the unique benefits of Panax Quinquefolius, coupled with its specific applications in the wellness and pharmaceutical sectors, give suppliers some leverage over pricing. However, competition from other herbal alternatives can limit buyer power.
What is the threat of substitute products in the Panax Quinquefolius market in 2025?
The threat of substitutes is moderate to high. Other herbal supplements such as Rhodiola Rosea or Ashwagandha offer similar benefits, such as stress reduction and immune support. Additionally, synthetic products in the pharmaceutical market may provide alternative solutions to consumers seeking similar health benefits.
What is the intensity of competitive rivalry in the Panax Quinquefolius market in 2025?
The intensity of competitive rivalry is moderate. While there are numerous herbal supplement brands, the market is still evolving, and the demand for Panax Quinquefolius continues to rise. However, competition from other herbal products and the development of new formulations may increase rivalry as brands differentiate themselves through quality and pricing.
Market Upstream Analysis
What are the key raw materials involved in the Panax Quinquefolius market in 2025?
The key raw materials are the Panax Quinquefolius roots and leaves, which are cultivated and harvested for use in various products. Other inputs include farming tools, seeds, water, and nutrients necessary for the cultivation process, as well as extraction solvents and packaging materials for product formulation.
What are the major suppliers in the Panax Quinquefolius supply chain in 2025?
Major suppliers in the upstream supply chain include agricultural farms that cultivate Panax Quinquefolius, extraction facilities that process the herb into usable forms, and manufacturers who produce supplements and medicinal products. Additionally, suppliers of agricultural equipment, packaging materials, and transportation services are essential to the process.
What are the production challenges faced by the upstream sector of the Panax Quinquefolius market in 2025?
The upstream sector faces challenges such as the limited cultivation areas suitable for Panax Quinquefolius, environmental changes that may affect crop yields, and maintaining sustainable farming practices. Additionally, managing the cost of production and ensuring compliance with regulatory standards can be difficult for suppliers.
What role does technology play in the upstream Panax Quinquefolius market in 2025?
Technology plays a significant role in enhancing cultivation efficiency, improving crop yields, and streamlining the extraction process. Innovations such as precision agriculture, automation in harvesting, and advanced extraction techniques are helping suppliers meet growing demand and improve the quality of the final product.
What are the key regulatory factors influencing the upstream Panax Quinquefolius market in 2025?
Regulatory factors include government policies on agricultural practices, trade regulations for herbal products, and certifications for organic or sustainable farming methods. Compliance with health and safety standards, as well as regulations related to the environmental impact of farming, is crucial for suppliers in this sector.
Market Midstream Analysis
What are the key activities in the midstream segment of the Panax Quinquefolius market in 2025?
The key activities in the midstream segment include the processing, extraction, and refinement of Panax Quinquefolius into usable forms such as powders, capsules, tinctures, or extracts. This stage also involves quality control, testing, and packaging for distribution to manufacturers or retailers.
What are the major players in the midstream Panax Quinquefolius market in 2025?
The major players in the midstream segment include extraction companies, processing facilities, and product formulation companies. These entities are responsible for turning raw Panax Quinquefolius into finished goods and often collaborate with pharmaceutical companies, supplement manufacturers, and wellness brands.
What are the challenges faced by the midstream segment in the Panax Quinquefolius market in 2025?
Challenges include ensuring consistent product quality, maintaining supply chain integrity, and managing the high cost of specialized extraction methods. Additionally, fluctuating demand and regulatory changes can lead to difficulties in production planning and inventory management for midstream players.
How does technology impact the midstream Panax Quinquefolius market in 2025?
Technology plays a critical role in optimizing extraction processes, improving product yield, and enhancing product quality. Advancements in purification and formulation techniques help produce more effective and diverse Panax Quinquefolius products, which cater to a wider range of consumer needs.
What regulatory factors affect the midstream Panax Quinquefolius market in 2025?
Regulatory factors include compliance with health and safety standards for herbal products, certifications for organic or sustainable farming practices, and adherence to labeling requirements. Midstream players must also navigate regulations related to pharmaceutical-grade standards if the products are intended for medical use.
Market Downstream Analysis
What are the key activities in the downstream segment of the Panax Quinquefolius market in 2025?
The key activities in the downstream segment include the marketing, retailing, and distribution of Panax Quinquefolius-based products such as supplements, powders, and extracts. This also involves consumer education, advertising, and product support to drive demand in the wellness, healthcare, and pharmaceutical sectors.
Who are the main players in the downstream Panax Quinquefolius market in 2025?
Main players include retailers, both online and brick-and-mortar, manufacturers of dietary supplements, wellness brands, and pharmaceutical companies that incorporate Panax Quinquefolius into their products. Distributors who handle the logistics between manufacturers and retailers are also part of the downstream segment.
What challenges does the downstream segment face in the Panax Quinquefolius market in 2025?
Challenges include managing the competition with other herbal supplements, ensuring product authenticity and quality, and navigating evolving regulatory requirements for consumer goods. Additionally, market saturation and fluctuating consumer preferences for natural products can impact sales and profitability.
How does technology influence the downstream Panax Quinquefolius market in 2025?
Technology influences the downstream market by enabling e-commerce platforms, digital marketing, and consumer engagement through social media and wellness apps. It also helps in tracking consumer preferences, personalizing product offerings, and improving customer experience, making it easier to reach a global audience.
What regulatory factors impact the downstream Panax Quinquefolius market in 2025?
Regulatory factors include labeling requirements, health claims, and safety standards for dietary supplements. Additionally, regional regulations regarding the sale of herbal products, including certifications for organic or sustainable sourcing, must be met to ensure compliance and consumer trust.
Chapter 1, to describe Panax Quinquefolius product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Panax Quinquefolius, with price, sales, revenue and global market share of Panax Quinquefolius from 2018 to 2023.
Chapter 3, the Panax Quinquefolius competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Panax Quinquefolius breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Panax Quinquefolius market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Panax Quinquefolius.
Chapter 14 and 15, to describe Panax Quinquefolius sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
1.1 Product Overview and Scope of Panax Quinquefolius
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Panax Quinquefolius Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 US-based Ginseng
1.3.3 Canada-based Ginseng
1.3.4 China-based Ginseng
1.4 Market Analysis by Application
1.4.1 Overview: Global Panax Quinquefolius Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Small Cut
1.4.3 Capsule
1.4.4 Powder
1.4.5 Others
1.5 Global Panax Quinquefolius Market Size & Forecast
1.5.1 Global Panax Quinquefolius Consumption Value (2018 & 2022 & 2029)
1.5.2 Global Panax Quinquefolius Sales Quantity (2018-2029)
1.5.3 Global Panax Quinquefolius Average Price (2018-2029)
2 Manufacturers Profiles
2.1 Hsu’s
2.1.1 Hsu’s Details
2.1.2 Hsu’s Major Business
2.1.3 Hsu’s Panax Quinquefolius Product and Services
2.1.4 Hsu’s Panax Quinquefolius Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 Hsu’s Recent Developments/Updates
2.2 WOHO
2.2.1 WOHO Details
2.2.2 WOHO Major Business
2.2.3 WOHO Panax Quinquefolius Product and Services
2.2.4 WOHO Panax Quinquefolius Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 WOHO Recent Developments/Updates
2.3 Great Mountian Ginseng
2.3.1 Great Mountian Ginseng Details
2.3.2 Great Mountian Ginseng Major Business
2.3.3 Great Mountian Ginseng Panax Quinquefolius Product and Services
2.3.4 Great Mountian Ginseng Panax Quinquefolius Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 Great Mountian Ginseng Recent Developments/Updates
2.4 Tongrentang
2.4.1 Tongrentang Details
2.4.2 Tongrentang Major Business
2.4.3 Tongrentang Panax Quinquefolius Product and Services
2.4.4 Tongrentang Panax Quinquefolius Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 Tongrentang Recent Developments/Updates
2.5 Shanghai Leiyunshang Pharmaceutical
2.5.1 Shanghai Leiyunshang Pharmaceutical Details
2.5.2 Shanghai Leiyunshang Pharmaceutical Major Business
2.5.3 Shanghai Leiyunshang Pharmaceutical Panax Quinquefolius Product and Services
2.5.4 Shanghai Leiyunshang Pharmaceutical Panax Quinquefolius Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 Shanghai Leiyunshang Pharmaceutical Recent Developments/Updates
2.6 Shanghai Leiyunshang Pharmaceutical
2.6.1 Shanghai Leiyunshang Pharmaceutical Details
2.6.2 Shanghai Leiyunshang Pharmaceutical Major Business
2.6.3 Shanghai Leiyunshang Pharmaceutical Panax Quinquefolius Product and Services
2.6.4 Shanghai Leiyunshang Pharmaceutical Panax Quinquefolius Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 Shanghai Leiyunshang Pharmaceutical Recent Developments/Updates
2.7 Globrand
2.7.1 Globrand Details
2.7.2 Globrand Major Business
2.7.3 Globrand Panax Quinquefolius Product and Services
2.7.4 Globrand Panax Quinquefolius Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 Globrand Recent Developments/Updates
2.8 Kangmei Xinkaihe
2.8.1 Kangmei Xinkaihe Details
2.8.2 Kangmei Xinkaihe Major Business
2.8.3 Kangmei Xinkaihe Panax Quinquefolius Product and Services
2.8.4 Kangmei Xinkaihe Panax Quinquefolius Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 Kangmei Xinkaihe Recent Developments/Updates
3 Competitive Environment: Panax Quinquefolius by Manufacturer
3.1 Global Panax Quinquefolius Sales Quantity by Manufacturer (2018-2023)
3.2 Global Panax Quinquefolius Revenue by Manufacturer (2018-2023)
3.3 Global Panax Quinquefolius Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of Panax Quinquefolius by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 Panax Quinquefolius Manufacturer Market Share in 2022
3.4.2 Top 6 Panax Quinquefolius Manufacturer Market Share in 2022
3.5 Panax Quinquefolius Market: Overall Company Footprint Analysis
3.5.1 Panax Quinquefolius Market: Region Footprint
3.5.2 Panax Quinquefolius Market: Company Product Type Footprint
3.5.3 Panax Quinquefolius Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Panax Quinquefolius Market Size by Region
4.1.1 Global Panax Quinquefolius Sales Quantity by Region (2018-2029)
4.1.2 Global Panax Quinquefolius Consumption Value by Region (2018-2029)
4.1.3 Global Panax Quinquefolius Average Price by Region (2018-2029)
4.2 North America Panax Quinquefolius Consumption Value (2018-2029)
4.3 Europe Panax Quinquefolius Consumption Value (2018-2029)
4.4 Asia-Pacific Panax Quinquefolius Consumption Value (2018-2029)
4.5 South America Panax Quinquefolius Consumption Value (2018-2029)
4.6 Middle East and Africa Panax Quinquefolius Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global Panax Quinquefolius Sales Quantity by Type (2018-2029)
5.2 Global Panax Quinquefolius Consumption Value by Type (2018-2029)
5.3 Global Panax Quinquefolius Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global Panax Quinquefolius Sales Quantity by Application (2018-2029)
6.2 Global Panax Quinquefolius Consumption Value by Application (2018-2029)
6.3 Global Panax Quinquefolius Average Price by Application (2018-2029)
7 North America
7.1 North America Panax Quinquefolius Sales Quantity by Type (2018-2029)
7.2 North America Panax Quinquefolius Sales Quantity by Application (2018-2029)
7.3 North America Panax Quinquefolius Market Size by Country
7.3.1 North America Panax Quinquefolius Sales Quantity by Country (2018-2029)
7.3.2 North America Panax Quinquefolius Consumption Value by Country (2018-2029)
7.3.3 United States Market Size and Forecast (2018-2029)
7.3.4 Canada Market Size and Forecast (2018-2029)
7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
8.1 Europe Panax Quinquefolius Sales Quantity by Type (2018-2029)
8.2 Europe Panax Quinquefolius Sales Quantity by Application (2018-2029)
8.3 Europe Panax Quinquefolius Market Size by Country
8.3.1 Europe Panax Quinquefolius Sales Quantity by Country (2018-2029)
8.3.2 Europe Panax Quinquefolius Consumption Value by Country (2018-2029)
8.3.3 Germany Market Size and Forecast (2018-2029)
8.3.4 France Market Size and Forecast (2018-2029)
8.3.5 United Kingdom Market Size and Forecast (2018-2029)
8.3.6 Russia Market Size and Forecast (2018-2029)
8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
9.1 Asia-Pacific Panax Quinquefolius Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific Panax Quinquefolius Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific Panax Quinquefolius Market Size by Region
9.3.1 Asia-Pacific Panax Quinquefolius Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific Panax Quinquefolius Consumption Value by Region (2018-2029)
9.3.3 China Market Size and Forecast (2018-2029)
9.3.4 Japan Market Size and Forecast (2018-2029)
9.3.5 Korea Market Size and Forecast (2018-2029)
9.3.6 India Market Size and Forecast (2018-2029)
9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
10.1 South America Panax Quinquefolius Sales Quantity by Type (2018-2029)
10.2 South America Panax Quinquefolius Sales Quantity by Application (2018-2029)
10.3 South America Panax Quinquefolius Market Size by Country
10.3.1 South America Panax Quinquefolius Sales Quantity by Country (2018-2029)
10.3.2 South America Panax Quinquefolius Consumption Value by Country (2018-2029)
10.3.3 Brazil Market Size and Forecast (2018-2029)
10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
11.1 Middle East & Africa Panax Quinquefolius Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa Panax Quinquefolius Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa Panax Quinquefolius Market Size by Country
11.3.1 Middle East & Africa Panax Quinquefolius Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa Panax Quinquefolius Consumption Value by Country (2018-2029)
11.3.3 Turkey Market Size and Forecast (2018-2029)
11.3.4 Egypt Market Size and Forecast (2018-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
12.1 Panax Quinquefolius Market Drivers
12.2 Panax Quinquefolius Market Restraints
12.3 Panax Quinquefolius Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
12.5.1 Influence of COVID-19
12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
13.1 Raw Material of Panax Quinquefolius and Key Manufacturers
13.2 Manufacturing Costs Percentage of Panax Quinquefolius
13.3 Panax Quinquefolius Production Process
13.4 Panax Quinquefolius Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Panax Quinquefolius Typical Distributors
14.3 Panax Quinquefolius Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
List of Tables
Table 1. Global Panax Quinquefolius Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Table 2. Global Panax Quinquefolius Consumption Value by Application, (USD Million), 2018 & 2022 & 2029
Table 3. Hsu’s Basic Information, Manufacturing Base and Competitors
Table 4. Hsu’s Major Business
Table 5. Hsu’s Panax Quinquefolius Product and Services
Table 6. Hsu’s Panax Quinquefolius Sales Quantity (Ton), Average Price (US$/Kg), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 7. Hsu’s Recent Developments/Updates
Table 8. WOHO Basic Information, Manufacturing Base and Competitors
Table 9. WOHO Major Business
Table 10. WOHO Panax Quinquefolius Product and Services
Table 11. WOHO Panax Quinquefolius Sales Quantity (Ton), Average Price (US$/Kg), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 12. WOHO Recent Developments/Updates
Table 13. Great Mountian Ginseng Basic Information, Manufacturing Base and Competitors
Table 14. Great Mountian Ginseng Major Business
Table 15. Great Mountian Ginseng Panax Quinquefolius Product and Services
Table 16. Great Mountian Ginseng Panax Quinquefolius Sales Quantity (Ton), Average Price (US$/Kg), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 17. Great Mountian Ginseng Recent Developments/Updates
Table 18. Tongrentang Basic Information, Manufacturing Base and Competitors
Table 19. Tongrentang Major Business
Table 20. Tongrentang Panax Quinquefolius Product and Services
Table 21. Tongrentang Panax Quinquefolius Sales Quantity (Ton), Average Price (US$/Kg), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 22. Tongrentang Recent Developments/Updates
Table 23. Shanghai Leiyunshang Pharmaceutical Basic Information, Manufacturing Base and Competitors
Table 24. Shanghai Leiyunshang Pharmaceutical Major Business
Table 25. Shanghai Leiyunshang Pharmaceutical Panax Quinquefolius Product and Services
Table 26. Shanghai Leiyunshang Pharmaceutical Panax Quinquefolius Sales Quantity (Ton), Average Price (US$/Kg), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 27. Shanghai Leiyunshang Pharmaceutical Recent Developments/Updates
Table 28. Shanghai Leiyunshang Pharmaceutical Basic Information, Manufacturing Base and Competitors
Table 29. Shanghai Leiyunshang Pharmaceutical Major Business
Table 30. Shanghai Leiyunshang Pharmaceutical Panax Quinquefolius Product and Services
Table 31. Shanghai Leiyunshang Pharmaceutical Panax Quinquefolius Sales Quantity (Ton), Average Price (US$/Kg), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 32. Shanghai Leiyunshang Pharmaceutical Recent Developments/Updates
Table 33. Globrand Basic Information, Manufacturing Base and Competitors
Table 34. Globrand Major Business
Table 35. Globrand Panax Quinquefolius Product and Services
Table 36. Globrand Panax Quinquefolius Sales Quantity (Ton), Average Price (US$/Kg), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 37. Globrand Recent Developments/Updates
Table 38. Kangmei Xinkaihe Basic Information, Manufacturing Base and Competitors
Table 39. Kangmei Xinkaihe Major Business
Table 40. Kangmei Xinkaihe Panax Quinquefolius Product and Services
Table 41. Kangmei Xinkaihe Panax Quinquefolius Sales Quantity (Ton), Average Price (US$/Kg), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 42. Kangmei Xinkaihe Recent Developments/Updates
Table 43. Global Panax Quinquefolius Sales Quantity by Manufacturer (2018-2023) & (Ton)
Table 44. Global Panax Quinquefolius Revenue by Manufacturer (2018-2023) & (USD Million)
Table 45. Global Panax Quinquefolius Average Price by Manufacturer (2018-2023) & (US$/Kg)
Table 46. Market Position of Manufacturers in Panax Quinquefolius, (Tier 1, Tier 2, and Tier 3), Based on Consumption Value in 2022
Table 47. Head Office and Panax Quinquefolius Production Site of Key Manufacturer
Table 48. Panax Quinquefolius Market: Company Product Type Footprint
Table 49. Panax Quinquefolius Market: Company Product Application Footprint
Table 50. Panax Quinquefolius New Market Entrants and Barriers to Market Entry
Table 51. Panax Quinquefolius Mergers, Acquisition, Agreements, and Collaborations
Table 52. Global Panax Quinquefolius Sales Quantity by Region (2018-2023) & (Ton)
Table 53. Global Panax Quinquefolius Sales Quantity by Region (2024-2029) & (Ton)
Table 54. Global Panax Quinquefolius Consumption Value by Region (2018-2023) & (USD Million)
Table 55. Global Panax Quinquefolius Consumption Value by Region (2024-2029) & (USD Million)
Table 56. Global Panax Quinquefolius Average Price by Region (2018-2023) & (US$/Kg)
Table 57. Global Panax Quinquefolius Average Price by Region (2024-2029) & (US$/Kg)
Table 58. Global Panax Quinquefolius Sales Quantity by Type (2018-2023) & (Ton)
Table 59. Global Panax Quinquefolius Sales Quantity by Type (2024-2029) & (Ton)
Table 60. Global Panax Quinquefolius Consumption Value by Type (2018-2023) & (USD Million)
Table 61. Global Panax Quinquefolius Consumption Value by Type (2024-2029) & (USD Million)
Table 62. Global Panax Quinquefolius Average Price by Type (2018-2023) & (US$/Kg)
Table 63. Global Panax Quinquefolius Average Price by Type (2024-2029) & (US$/Kg)
Table 64. Global Panax Quinquefolius Sales Quantity by Application (2018-2023) & (Ton)
Table 65. Global Panax Quinquefolius Sales Quantity by Application (2024-2029) & (Ton)
Table 66. Global Panax Quinquefolius Consumption Value by Application (2018-2023) & (USD Million)
Table 67. Global Panax Quinquefolius Consumption Value by Application (2024-2029) & (USD Million)
Table 68. Global Panax Quinquefolius Average Price by Application (2018-2023) & (US$/Kg)
Table 69. Global Panax Quinquefolius Average Price by Application (2024-2029) & (US$/Kg)
Table 70. North America Panax Quinquefolius Sales Quantity by Type (2018-2023) & (Ton)
Table 71. North America Panax Quinquefolius Sales Quantity by Type (2024-2029) & (Ton)
Table 72. North America Panax Quinquefolius Sales Quantity by Application (2018-2023) & (Ton)
Table 73. North America Panax Quinquefolius Sales Quantity by Application (2024-2029) & (Ton)
Table 74. North America Panax Quinquefolius Sales Quantity by Country (2018-2023) & (Ton)
Table 75. North America Panax Quinquefolius Sales Quantity by Country (2024-2029) & (Ton)
Table 76. North America Panax Quinquefolius Consumption Value by Country (2018-2023) & (USD Million)
Table 77. North America Panax Quinquefolius Consumption Value by Country (2024-2029) & (USD Million)
Table 78. Europe Panax Quinquefolius Sales Quantity by Type (2018-2023) & (Ton)
Table 79. Europe Panax Quinquefolius Sales Quantity by Type (2024-2029) & (Ton)
Table 80. Europe Panax Quinquefolius Sales Quantity by Application (2018-2023) & (Ton)
Table 81. Europe Panax Quinquefolius Sales Quantity by Application (2024-2029) & (Ton)
Table 82. Europe Panax Quinquefolius Sales Quantity by Country (2018-2023) & (Ton)
Table 83. Europe Panax Quinquefolius Sales Quantity by Country (2024-2029) & (Ton)
Table 84. Europe Panax Quinquefolius Consumption Value by Country (2018-2023) & (USD Million)
Table 85. Europe Panax Quinquefolius Consumption Value by Country (2024-2029) & (USD Million)
Table 86. Asia-Pacific Panax Quinquefolius Sales Quantity by Type (2018-2023) & (Ton)
Table 87. Asia-Pacific Panax Quinquefolius Sales Quantity by Type (2024-2029) & (Ton)
Table 88. Asia-Pacific Panax Quinquefolius Sales Quantity by Application (2018-2023) & (Ton)
Table 89. Asia-Pacific Panax Quinquefolius Sales Quantity by Application (2024-2029) & (Ton)
Table 90. Asia-Pacific Panax Quinquefolius Sales Quantity by Region (2018-2023) & (Ton)
Table 91. Asia-Pacific Panax Quinquefolius Sales Quantity by Region (2024-2029) & (Ton)
Table 92. Asia-Pacific Panax Quinquefolius Consumption Value by Region (2018-2023) & (USD Million)
Table 93. Asia-Pacific Panax Quinquefolius Consumption Value by Region (2024-2029) & (USD Million)
Table 94. South America Panax Quinquefolius Sales Quantity by Type (2018-2023) & (Ton)
Table 95. South America Panax Quinquefolius Sales Quantity by Type (2024-2029) & (Ton)
Table 96. South America Panax Quinquefolius Sales Quantity by Application (2018-2023) & (Ton)
Table 97. South America Panax Quinquefolius Sales Quantity by Application (2024-2029) & (Ton)
Table 98. South America Panax Quinquefolius Sales Quantity by Country (2018-2023) & (Ton)
Table 99. South America Panax Quinquefolius Sales Quantity by Country (2024-2029) & (Ton)
Table 100. South America Panax Quinquefolius Consumption Value by Country (2018-2023) & (USD Million)
Table 101. South America Panax Quinquefolius Consumption Value by Country (2024-2029) & (USD Million)
Table 102. Middle East & Africa Panax Quinquefolius Sales Quantity by Type (2018-2023) & (Ton)
Table 103. Middle East & Africa Panax Quinquefolius Sales Quantity by Type (2024-2029) & (Ton)
Table 104. Middle East & Africa Panax Quinquefolius Sales Quantity by Application (2018-2023) & (Ton)
Table 105. Middle East & Africa Panax Quinquefolius Sales Quantity by Application (2024-2029) & (Ton)
Table 106. Middle East & Africa Panax Quinquefolius Sales Quantity by Region (2018-2023) & (Ton)
Table 107. Middle East & Africa Panax Quinquefolius Sales Quantity by Region (2024-2029) & (Ton)
Table 108. Middle East & Africa Panax Quinquefolius Consumption Value by Region (2018-2023) & (USD Million)
Table 109. Middle East & Africa Panax Quinquefolius Consumption Value by Region (2024-2029) & (USD Million)
Table 110. Panax Quinquefolius Raw Material
Table 111. Key Manufacturers of Panax Quinquefolius Raw Materials
Table 112. Panax Quinquefolius Typical Distributors
Table 113. Panax Quinquefolius Typical Customers
List of Figures
Figure 1. Panax Quinquefolius Picture
Figure 2. Global Panax Quinquefolius Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Figure 3. Global Panax Quinquefolius Consumption Value Market Share by Type in 2022
Figure 4. US-based Ginseng Examples
Figure 5. Canada-based Ginseng Examples
Figure 6. China-based Ginseng Examples
Figure 7. Global Panax Quinquefolius Consumption Value by Application, (USD Million), 2018 & 2022 & 2029
Figure 8. Global Panax Quinquefolius Consumption Value Market Share by Application in 2022
Figure 9. Small Cut Examples
Figure 10. Capsule Examples
Figure 11. Powder Examples
Figure 12. Others Examples
Figure 13. Global Panax Quinquefolius Consumption Value, (USD Million): 2018 & 2022 & 2029
Figure 14. Global Panax Quinquefolius Consumption Value and Forecast (2018-2029) & (USD Million)
Figure 15. Global Panax Quinquefolius Sales Quantity (2018-2029) & (Ton)
Figure 16. Global Panax Quinquefolius Average Price (2018-2029) & (US$/Kg)
Figure 17. Global Panax Quinquefolius Sales Quantity Market Share by Manufacturer in 2022
Figure 18. Global Panax Quinquefolius Consumption Value Market Share by Manufacturer in 2022
Figure 19. Producer Shipments of Panax Quinquefolius by Manufacturer Sales Quantity ($MM) and Market Share (%): 2021
Figure 20. Top 3 Panax Quinquefolius Manufacturer (Consumption Value) Market Share in 2022
Figure 21. Top 6 Panax Quinquefolius Manufacturer (Consumption Value) Market Share in 2022
Figure 22. Global Panax Quinquefolius Sales Quantity Market Share by Region (2018-2029)
Figure 23. Global Panax Quinquefolius Consumption Value Market Share by Region (2018-2029)
Figure 24. North America Panax Quinquefolius Consumption Value (2018-2029) & (USD Million)
Figure 25. Europe Panax Quinquefolius Consumption Value (2018-2029) & (USD Million)
Figure 26. Asia-Pacific Panax Quinquefolius Consumption Value (2018-2029) & (USD Million)
Figure 27. South America Panax Quinquefolius Consumption Value (2018-2029) & (USD Million)
Figure 28. Middle East & Africa Panax Quinquefolius Consumption Value (2018-2029) & (USD Million)
Figure 29. Global Panax Quinquefolius Sales Quantity Market Share by Type (2018-2029)
Figure 30. Global Panax Quinquefolius Consumption Value Market Share by Type (2018-2029)
Figure 31. Global Panax Quinquefolius Average Price by Type (2018-2029) & (US$/Kg)
Figure 32. Global Panax Quinquefolius Sales Quantity Market Share by Application (2018-2029)
Figure 33. Global Panax Quinquefolius Consumption Value Market Share by Application (2018-2029)
Figure 34. Global Panax Quinquefolius Average Price by Application (2018-2029) & (US$/Kg)
Figure 35. North America Panax Quinquefolius Sales Quantity Market Share by Type (2018-2029)
Figure 36. North America Panax Quinquefolius Sales Quantity Market Share by Application (2018-2029)
Figure 37. North America Panax Quinquefolius Sales Quantity Market Share by Country (2018-2029)
Figure 38. North America Panax Quinquefolius Consumption Value Market Share by Country (2018-2029)
Figure 39. United States Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 40. Canada Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 41. Mexico Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 42. Europe Panax Quinquefolius Sales Quantity Market Share by Type (2018-2029)
Figure 43. Europe Panax Quinquefolius Sales Quantity Market Share by Application (2018-2029)
Figure 44. Europe Panax Quinquefolius Sales Quantity Market Share by Country (2018-2029)
Figure 45. Europe Panax Quinquefolius Consumption Value Market Share by Country (2018-2029)
Figure 46. Germany Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 47. France Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 48. United Kingdom Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 49. Russia Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 50. Italy Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 51. Asia-Pacific Panax Quinquefolius Sales Quantity Market Share by Type (2018-2029)
Figure 52. Asia-Pacific Panax Quinquefolius Sales Quantity Market Share by Application (2018-2029)
Figure 53. Asia-Pacific Panax Quinquefolius Sales Quantity Market Share by Region (2018-2029)
Figure 54. Asia-Pacific Panax Quinquefolius Consumption Value Market Share by Region (2018-2029)
Figure 55. China Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 56. Japan Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 57. Korea Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 58. India Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 59. Southeast Asia Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 60. Australia Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 61. South America Panax Quinquefolius Sales Quantity Market Share by Type (2018-2029)
Figure 62. South America Panax Quinquefolius Sales Quantity Market Share by Application (2018-2029)
Figure 63. South America Panax Quinquefolius Sales Quantity Market Share by Country (2018-2029)
Figure 64. South America Panax Quinquefolius Consumption Value Market Share by Country (2018-2029)
Figure 65. Brazil Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 66. Argentina Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 67. Middle East & Africa Panax Quinquefolius Sales Quantity Market Share by Type (2018-2029)
Figure 68. Middle East & Africa Panax Quinquefolius Sales Quantity Market Share by Application (2018-2029)
Figure 69. Middle East & Africa Panax Quinquefolius Sales Quantity Market Share by Region (2018-2029)
Figure 70. Middle East & Africa Panax Quinquefolius Consumption Value Market Share by Region (2018-2029)
Figure 71. Turkey Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 72. Egypt Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 73. Saudi Arabia Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 74. South Africa Panax Quinquefolius Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 75. Panax Quinquefolius Market Drivers
Figure 76. Panax Quinquefolius Market Restraints
Figure 77. Panax Quinquefolius Market Trends
Figure 78. Porters Five Forces Analysis
Figure 79. Manufacturing Cost Structure Analysis of Panax Quinquefolius in 2022
Figure 80. Manufacturing Process Analysis of Panax Quinquefolius
Figure 81. Panax Quinquefolius Industrial Chain
Figure 82. Sales Quantity Channel: Direct to End-User vs Distributors
Figure 83. Direct Channel Pros & Cons
Figure 84. Indirect Channel Pros & Cons
Figure 85. Methodology
Figure 86. Research Process and Data Source
