On November 6, CheongKwanJang, a century-old ginseng brand, launched its new American Ginseng Concentrate series on JD Health. According to consumer data from JD Health, the American ginseng category has seen a compound annual growth rate of over 60% in the past three years. In just the first half of this year, sales of American ginseng products grew by more than 30% year-on-year, outpacing the industry growth rate. (Source: Securities Daily)
Sign Up to Receive China Updates Weekly Newsletter for FREE, HERE
Visit HPA-China’s Information Hub, HERE