What is Panacis Quinquefolis Market?
Panacis quinquefolis is an herbaceous perennial from the ivy family that is very widely used as a Chinese or herbal medicine. One extract is sold as Cold-FX. It comes from eastern North America but is also grown in countries like China. Panacis quinquefolis has been exported mainly to Asia since the 18th century, where it is valued for its cooling and soothing medicinal properties. It is thereby believed to represent the cooling qualities of yin while Asian ginseng embodies the warmer aspects of yang. It is not recommended for people with impaired liver or kidney function, or during pregnancy or breastfeeding. Other side effects include headache, anxiety, trouble sleeping, and an upset stomach. People take American ginseng by mouth to relieve stress, boost the immune system, and as a stimulant. American ginseng is also used for respiratory infections like colds and flu, diabetes, and many other conditions, but there is no good scientific evidence to support any of these uses.
The market study is being classified, by Application (Anxiety, Mental Disorder, Menopause, Type 2 Diabetes, Heart Disease, Cancer and Alzheimer) and major geographies with country level break-up.
Kangmei Pharmaceutical Co. (China), Hsu's Ginseng Enterprises, Inc. (United States), Tak Shing Hong, Yisheng Pharm, Gaia Herbs Inc. (United States), TUFF BEAR, LLC (United States), Purium Corp. (United States), Now foods Inc. (United States), Nature's Way Products LLC (United States), Stakich, Inc. (United States), Triple Leaf Tea, Inc. (United States) and Woohoo natural Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Vital Nutrients, Inc. (United States) and Bluebonnet Nutrition Corporation (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Panacis Quinquefolis market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Panacis Quinquefolis market by Type, Application and Region.
On the basis of geography, the market of Panacis Quinquefolis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Awareness and Consumer Preference for Health Products with Panacis Quinquefolis
- Increase Demand for Nutrition and Dietary Supplements Containing Panacis Quinquefolis
- Increasing Use of Panacis Quinquefolis in Health Drinks and Herbal Tea
- Adverse Effect of Panacis Quinquefolis
- High Demand for Panacis Quinquefolis in the Pharmaceutical Sector
American ginseng is classified as Endangered at the federal level under the Species at Risk Act and is, therefore, state-protected. It is classified as endangered under the Ontario Endangered Species Act of 2007, which prohibits the harvest and trade of game, and the cultivation, harvest, and trade of wild-simulated and forest-grown American ginseng. In Quebec, it is classified as threatened under the name Loi sur les espèces menacées ou vulnérable, which prohibits wild harvesting and trade. These are the highest risks in both provinces.
Key Target AudienceProviders of Panacis Quinquefolis, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
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