LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Ginseng Category - Procurement Market Intelligence Report.
Rising awareness about ginseng benefits is spurring the demand for this product across the pharmaceutical and food and beverage industries. Ginseng is renown for its medicinal properties and is rapidly gaining popularity among consumers due to its ability to improve cardiovascular functions and treat Alzheimer's disease. In addition, the emergence of e-commerce has made it easier to access offshore suppliers - making the market space extremely profitable for investors.
“Collaborating with suppliers who adopt sustainable farming practices is quintessential for buyers looking to establish a stable supply of ginseng,” says SpendEdge procurement expert Angad Singh. “This will reduce direct production costs for the suppliers and lower the purchase prices for the buyers,” added Angad.
To establish themselves in the competitive market, buyers and suppliers need in-depth knowledge of the major cost and volume factors that influence the growth of the market. Request a FREE sample report to know more about the scope of this comprehensive report and see for yourself why our reports are the preferred choice among key industry stakeholders.
The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the ginseng market.
- Ginseng’s medicinal efficacy in treating Alzheimer’s disease and improving cardiovascular properties
- Emergence of e-commerce has made it easier to access offshore suppliers
- To know more, Purchase the full report
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SpendEdge’s procurement market intelligence reports for the agro commodities and raw materials category identify the key category management objectives and provide insights into category pricing strategies. It helps the buyers in analyzing the supplier relationship management metrics during the category procurement process. Additionally, SpendEdge’s reports provide insights on the sustainability and procurement best practices for the category.
Report scope snapshot: Ginseng market
Category pricing insights
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
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Category management strategy
- Supplier and buyer KPIs
- Outsourcing category management activities
- Category management objectives
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Suppliers selection
- Supplier selection criteria
- Service Level Agreement
- Incumbent supplier evaluation metrics
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