Ginseng Extracts Market – Global Industry Analysis And Forecast (2023-2029)

Global Ginseng Extracts Market is expected to grow at a moderate growth rate and reach a significant market value by the end of the forecast period. The Global Ginseng Extracts Market is expected to reach US$ 36.26 Bn. by 2029, at a CAGR of 5.8% during the forecast period.

The Global Ginseng Extracts Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Ginseng Extracts Market report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Ginseng Extracts Market Overview:
Ginseng extract comes from the ginseng plant, which is an adaptogenic herb. This extract is known as an adaptogen, which means it can withstand chemical, biological, and physical stress while also increasing overall vitality. Because of the chemical component known as ginsenosides, the ginseng root is regarded as the most valuable. This chemical component's numerous positive properties have boosted its use in applications such as personal care and cosmetics, food, dietary supplements, and medications. Depending on the processing method, ginseng extract is categorized as white ginseng, fresh ginseng, or red ginseng.
Ginseng Extracts Market Dynamics:
Over the projection period, the market is likely to rise due to an increase in consumer acceptance of Asian and oriental flavors as well as demand for Chinese herbal medication. Ginseng extract is made from the ginseng plant, which is said to be adaptogenic. An adaptogen is a type of extract that resists biological, physical, and chemical stress while also increasing gene expression.

Ginseng roots contain ginsenosides, a type of saponin with health-promoting properties such as antihypertensive, antioxidant, insulin resistance reduction, anticancer, immunomodulating, chemoprotective, phytoestrogens, and antidiabetic. It is divided into three categories: fresh ginseng, red ginseng, and white ginseng, depending on how it is processed.

Ginseng is a valued and major folk medicine in Asian nations such as Korea, Japan, and China, and is made up of the roots of Panax quinquefolius and Panax ginseng. Ginseng roots are well-known for their high concentrations of phenolic compounds, ginsenosides, and saponins, as well as other components including carotenoids and carbohydrates.

Furthermore, as customers' socioeconomic position changes, they are becoming more concerned about their health. Consumption of plant-derived goods with significantly fewer negative effects has gained enormous popularity in recent years. It also covers a wide range of functional foods and dietary supplements that can provide health advantages beyond those provided by standard nutrients.

Ginseng's significance as a functional food or nutraceutical has piqued interest in recent years, with a growing market value. Ginseng extracts and bioactive components have been studied for antitumor, antioxidant, skin protection, antihyperglycemic, anti-infective, anti-osteoporotic anticancer, and respiratory issues.
Ginseng Extracts Market Segment Analysis:
On the basis of form, the market is classified into Powder and Liquid. Because they are easy to handle in the form of food and are highly preservable, the powder form category accounted for the greatest revenue share of 52.1 percent in 2022 and is predicted to have the considerable rise in the projection future. Furthermore, because powder forms of items have a low water content, they have a longer shelf life and are more preservable.

However, due to cross-contamination during the manufacturing and processing of powdered foods, an outbreak of biological decline has been documented. Furthermore, even though powder foods contain little water, some microbes, such as moulds and xerophilic yeasts, can thrive in dry environments.

Other therapeutic qualities, such as antioxidant, anti-inflammatory, and anti-cancer qualities, drive the powder segment. The significant application scope in the food and beverage and cosmetic categories also contributes to the segment's growth. Increased internet penetration and shifting customer preferences toward online shopping are also driving category expansion, resulting in a wide range of product diversity and convenient product accessibility.

The liquid segment is expected to develop at the highest rate throughout the forecast period, as it is favoured in functional food and pharmaceutical preparations where the exact amount of liquid may be blended to obtain the desired solution mix. In cases of lack of focus, fatigue, lack of energy, and during convalescence, it also aids in strengthening the immune system, preventing tiredness, and increasing mental and physical capability.

On the basis of application, the market is classified into Cosmetics & Personal Care, Pharmaceuticals, Dietary Supplements and Food & Beverages. Because of the nutritional and medicinal benefits of ginseng extract, the pharmaceutical segment accounted for the biggest revenue share of 54.3 percent in 2022. Coma, gastrointestinal disorders, and cardiovascular disease are all treated with it. It also plays an important role in physiological processes such as neurodegenerative disorders, immunological diseases, diabetic disorders, and a variety of other conditions.

Because of its critical function in improving immunity against bacterial and viral infections, autoimmune disease, and cancer, the dietary supplements application category is predicted to grow at the quickest CAGR of 7.0 percent in terms of revenue over the forecast period. Ginseng extract in dietary supplements boosts the body's resistance to illness by boosting the immune system. Health professionals are concerned about the use of botanicals and herbs as a substitute for conventional medication, especially when the immune system is substantially weakened or selective resistance treatment is necessary to reduce adverse outcomes.

It also has a positive effect on liver, brain, sexual, and immune function. Ginseng extract is expected to become one of the best-selling herbs in the world as the usage of traditional Chinese herbs for dietary and medical purposes grows in popularity in Western countries.
Regional Insights:
Owing to increased utilisation in food product production, which has seen the highest growth than others, Asia Pacific accounted for the largest sales share of 67.2 percent in 2022. Another factor driving market growth in the region is a shift in consumer preferences toward natural food products as a result of the negative impacts of human-made chemicals.

Due to the widespread use of ginseng extract as an adaptogen, North America is likely to see rising demand throughout the projection period, and it has been a major seller of nutritional and herbal supplements in the country for thousands of years.

Expanding market potential for ginseng extracts are mostly due to expanding health food sector demand in North America and the Asia Pacific, according to industry trends and data. The food business is expected to see greater demand as consumers become more aware of the need for a healthy diet and have more purchasing power.

The ginseng extract market is being driven by countries like the United States, China, and South Korea, which are seeing a boom in demand for dietary supplements as a result of the growing trend toward preventative health management due to rising healthcare expenses.
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Ginseng Extracts Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 24.43 Bn .


Forecast Period 2023 to 2029 CAGR:
 5.8%
Market Size in 2029:
US$ 36.26 Bn.


 Segments Covered:
by Form
Powder
Capsules
Liquid


by Application
Dietary supplements
Personal care
Pharmaceutical
Food
Oral care


by Product Type
American Ginseng
Oriental Ginseng
Siberian Ginseng
Asian Ginseng
Others



Ginseng Extracts Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. DSM
2. RFI Ingredients
3. ShantiNatural
4. KGEC
5. Orkla Health AS
6. Skyherb
7. S.A. Herbal Bioactives LLP
8. NINO BIOTECH CO
9. Naturalin Bio-Resources
10.SINOCHEM GROUP
11.Changsha Huirui Biological Technology
12.Clariant
13.KOEI KOGYO
14.Baoji Herbest Bio-Tech
15.Amway India Enterprises Pvt. Ltd
16.The Boots Company PLC
17.Elemis
18.Inovital
19.Starwest Botanicals
20.Oxford Vitality

Frequently Asked Questions:

1. Which region has the largest share in Global Ginseng Extracts Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Ginseng Extracts Market?
Ans: The Global Ginseng Extracts Market is expected to growing at a CAGR of 5.8% during forecast period 2023-2029.

3. What is scope of the Global Ginseng Extracts market report?
Ans: Global Ginseng Extracts Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Ginseng Extracts market?
Ans: The important key players in the Global Ginseng Extracts Market are - DSM, RFI Ingredients, ShantiNatural, KGEC, Orkla Health AS, Skyherb, S.A. Herbal Bioactives LLP, NINO BIOTECH CO, Naturalin Bio-Resources, SINOCHEM GROUP, Changsha Huirui Biological Technology, Clariant, KOEI KOGYO, Baoji Herbest Bio-Tech, Amway India Enterprises Pvt. Ltd, The Boots Company PLC, Elemis, Inovital, Starwest Botanicals, and Oxford Vitality.

5. What is the study period of this market?
Ans: The Global Ginseng Extracts Market is studied from 2022 to 2029.