Tools commonly used in the Ginseng industry for day-to-day tasks and operations.

• Hand cultivator
• Garden fork
• Pruning shears
• Harvesting knife
• Soil pH meter
• Moisture meter
• Shade cloth
• Mulch
• Fertilizer
• Irrigation system

Common products and services typical of NAICS Code 113210-02, illustrating the main business activities and contributions to the market.

• Herbal supplements
• Traditional medicine
• Tea production
• Energy drinks
• Cosmetics
• Skincare products
• Dietary supplements
• Nutraceuticals
• Functional foods
• Natural remedies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Good Agricultural Practices (GAP): GAP certification ensures that the ginseng is grown, harvested, and processed in a safe and sustainable manner. The USDA provides GAP certification for ginseng.
• Organic Certification: Organic certification ensures that the ginseng is grown without the use of synthetic fertilizers, pesticides, or genetically modified organisms. The USDA provides organic certification for ginseng.
• Ginseng Conservation Program: The Ginseng Conservation Program is a regulatory program that requires ginseng harvesters to obtain a permit and follow specific harvesting guidelines to ensure the sustainability of wild ginseng populations. The program is administered by the US Fish and Wildlife Service.
• Endangered Species Act Compliance: Ginseng is listed as a threatened species under the Endangered Species Act, and harvesting or trading in wild ginseng is regulated by the US Fish and Wildlife Service. Compliance with the Endangered Species Act is required for anyone involved in the harvest, trade, or sale of wild ginseng.
• Food Safety Modernization Act (FSMA): The FSMA is a set of regulations that aim to ensure the safety of the US food supply. Ginseng growers and processors must comply with the FSMA's regulations for preventive controls, food safety plans, and hazard analysis. The FDA is responsible for enforcing the FSMA.

A concise historical narrative of NAICS Code 113210-02 covering global milestones and recent developments within the United States.

• The Ginseng industry has a long history worldwide, with the plant being used for medicinal purposes for over 5,000 years in China. In the 1700s, American ginseng became popular in China, leading to a thriving export market. However, over-harvesting led to a decline in wild ginseng populations, and cultivation became more common. In recent years, the demand for ginseng has increased due to its perceived health benefits, leading to a rise in cultivation and production in countries such as Canada, China, and the United States. In the United States, Wisconsin is the largest producer of ginseng, with the industry contributing significantly to the state's economy.

The anticipated future trajectory of the NAICS 113210-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The ginseng industry in the USA is expected to grow in the coming years due to the increasing demand for natural and herbal products. The industry is also expected to benefit from the growing awareness of the health benefits of ginseng, which is believed to boost the immune system, reduce stress, and improve cognitive function. Additionally, the industry is expected to benefit from the growing popularity of ginseng-based energy drinks and supplements. However, the industry may face challenges due to the increasing competition from other natural and herbal products, as well as the rising costs of production and distribution. Overall, the ginseng industry is expected to experience moderate growth in the coming years.

Recent groundbreaking advancements and milestones in the Ginseng industry, reflecting notable innovations that have reshaped its landscape.

• Development Of New Ginseng-Based Energy Drinks: Several companies have recently launched ginseng-based energy drinks that are marketed as a healthier alternative to traditional energy drinks. These drinks are made with natural ingredients and are believed to provide a sustained energy boost without the crash associated with traditional energy drinks.
• Expansion Of Ginseng Cultivation: In recent years, there has been a growing interest in ginseng cultivation in the USA, particularly in states such as Wisconsin and Minnesota. This has led to an increase in the supply of ginseng and has helped to reduce the industry's reliance on imported ginseng.
• Introduction Of Ginseng-Based Skincare Products: Several companies have recently launched skincare products that contain ginseng extract. These products are marketed as being able to improve skin texture, reduce inflammation, and promote collagen production.
• Development Of New Ginseng-Based Supplements: In addition to energy drinks, several companies have also launched ginseng-based supplements that are marketed as being able to improve cognitive function, reduce stress, and boost the immune system.
• Growing Popularity Of Ginseng In Traditional Medicine: Ginseng has been used in traditional medicine for centuries, and its popularity has continued to grow in recent years. This has led to an increase in demand for ginseng-based products, particularly in the natural and herbal medicine market.