Global Ginseng Extract Market Overview
Ginseng Extract Market was valued at US$ 33.8 Million in 2024 and is projected to grow at a CAGR of 23.30% to reach US$ 228 Million by 2034.
Ginseng is a perennial. It is classified by a fleshy roots and single stalk with green oval-shaped leaves. Ginseng has an herbal supplement characteristics. Its extracts has huge demand commercially, particularly for its extraordinary and excellent benefits of possessing anti-inflammatory, anti-cancer, and antioxidant properties. It is also used in the homeopathic treatment of depression, stress, low libido, and attention deficit hyperactivity disorder.
Global Ginseng Extract Market Dynamics
Growing awareness regarding health
Growing health awareness among consumers is a major factor influencing the food industry. Rising inclination towards fitness and wellness is the ongoing trend spurring the target market. Now-a-days, consumers not only prefer healthier food but they prefer for non-GMO food product that contains no artificial additives. Companies in the market are involved in incorporating better nutrients in their products, thus growing demand for ginseng market.
Increasing demand for plant-based food drives ginseng sales
Over the forecast period, the market is projected to register higher growth in response to the growing demand for plant-based products. Utilization of plant based products has become a trend as these products decrease the risk of disease frequently transmitted through meat products. Additionally, health benefits and better safety provided by plant-based products have positively influenced the demand for ginseng market globally.
Global Ginseng Extract Market Segmentation
The ginseng extract market is segmented based on form, application, distribution channel, and region.
On the basis of form, the ginseng extract market is segmented into powder, capsules, and liquid. On the basis of application, the target market is classified into dietary supplements, personal care, pharmaceutical, food, and oral care. On the basis of distribution channel, the target market is classified into pharmacies/drugstore, hypermarket/supermarket, online retailing, health/beauty store, and direct selling.
Regional Insights:
On region the ginseng extract market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific market is growing highly owing to its utilization in food products manufacturing. Manufacturing food products from ginseng extract are majorly resulted by growing demand for functional foods. Further, the foods market demand is due to growing nutritional diet awareness and rising population purchasing power. Other factors boosting market trends are consumer preferences shifting towards natural food products due to side effects resulted by manmade additives. Product utilization can also be credited to extensive incorporation in Korean cuisine counting Banchan, Insamcha, Guk, Samgye-tang, and Insam-twigim.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
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Market Segmentation |
By Form - Powder, Capsules, and Liquid By Application- Dietary Supplements, Personal Care, Pharmaceutical, Food, and Oral Care By Distribution Channel- Pharmacies/Drugstore, Hypermarket/Supermarket, Online Retailing, Health/Beauty Store, and Direct Selling |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest applications trends and opportunities in each of the sub-segments from 2024 – 2034. For the purpose of this study, has segmented the ginseng extract market report based on form, application, distribution channel, and region.
Ginseng Extract Market, By Form:
- Powder
- Capsules
- Liquid
Ginseng Extract Market, By Application:
- Dietary Supplements
- Personal Care
- Pharmaceutical
- Food
- Oral Care
Ginseng Extract Market, By Distribution Channel:
- Pharmacies/Drugstore
- Hypermarket/Supermarket
- Online Retailing
- Health/Beauty Store
- Direct Selling
Ginseng Extract Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Ginseng Extract Market Key Players
The key players operating the ginseng extract market includes Amway, the Boots Company PLC, Elemis Ltd., Allcura Naturheilmittel GmbH, Inovital, Starwest Botanicals, RFI Ingredients, Korean Ginseng Export Corporation, Nature Essential, and Oxford Vitality. Key players functioning in the global market are directing towards market strategies such as acquisitions, mergers, collaborations, and partnerships. They are also focusing on expanding their market reach in order to sustain their goodwill in the ever competitive market. For instance, in February 2019, Ewha Company, a South Korean organic products distributor has declared startergies to go international with its food brand Nature’s Food’s signature red ginseng product. The company will be mainly entering Chinese market in order to meet the world’s largest consumer market. Through this operational expansion, the company can grow its operations in China and gain majority market share.
Global Ginseng Extract Market Company Profile
- Amway
- Company Overview
- Form Form Portfolio
- Key Highlights
- Financial PerRaw Materialance
- Business Strategies
- The Boots Company PLC, Elemis Ltd.
- Allcura Naturheilmittel GmbH
- Inovital
- Starwest Botanicals
- RFI Ingredients
- Korean Ginseng Export Corporation
- Nature Essential
- Oxford Vitality
“*” marked represents similar segmentation in other categories in the respective section
Global Ginseng Extract Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Ginseng Extract Strategies
- Key Questions this Study will Answer
- Market Snippet, By Form
- Market Snippet, By Application
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Form, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Powder
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Capsules
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Liquid
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Application, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Dietary Supplements
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Personal Care
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Pharmaceutical
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Food
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Oral Care
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Distribution Channel, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Pharmacies/Drugstore
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Hypermarket/Supermarket
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Online Retailing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Health/Beauty Store
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Direct Selling
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Gobal Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Amway
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- The Boots Company PLC, Elemis Ltd.
- Allcura Naturheilmittel GmbH
- Inovital
- Starwest Botanicals
- RFI Ingredients
- Korean Ginseng Export Corporation
- Nature Essential
- Oxford Vitality
- Amway
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The ginseng extract market is segmented based on form, application, distribution channel, and region.
Growing health awareness among consumers is a major factor influencing the food industry. Rising inclination towards fitness and wellness is the ongoing trend spurring the target market. Now-a-days, consumers not only prefer healthier food but they prefer for non-GMO food product that contains no artificial additives. Companies in the market are involved in incorporating better nutrients in their products, thus growing demand for ginseng market.
On region the ginseng extract market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific market is growing highly owing to its utilization in food products manufacturing.
The key players operating the ginseng extract market includes Amway, the Boots Company PLC, Elemis Ltd., Allcura Naturheilmittel GmbH, Inovital, Starwest Botanicals, RFI Ingredients, Korean Ginseng Export Corporation, Nature Essential, and Oxford Vitality.