IMARC Group, a leading market research company, has recently released a report titled “Ginseng Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global ginseng extract market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Ginseng Extract Market?

Report Attributes   

Details

Market Size in 2022

US$ 8.2 Billion

Market Forecast in 2028

US$ 12.1 Billion

Growth rate (2023 to 2028)

CAGR of 6.3%

Base Year of the Analysis

2022

Forecast Period

2023-2028

What is Ginseng Extract?

Ginseng extract is derived from the root of the ginseng plant, which is dried and processed to obtain the herb. It is a rich source of antioxidants, salicylic acid, vanillic acid, p-coumaric acid, flavonoids, essential oils, vitamins, and ferulic acid. Ginseng extract is commonly used as a healthy substitute to improve overall health, strengthen the immune system, and reduce stress levels. As a result, it finds extensive application in the pharmaceutical, cosmetic, dietary supplement, and food and beverage (F&B) industries.

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What are the Growth Prospects and Trends in the Ginseng Extract Industry?

The increasing awareness regarding the health benefits of ginseng extract is one of the primary factors driving the growth of the market. Ginseng is widely used due to its anti-inflammatory, anti-cancer, and antioxidant properties, which can help lower blood sugar levels, reduce inflammation, and minimize the risks of cancer. Additionally, the extensive utilization of microencapsulation, polymer coating, and flavor solutions to enhance the unpleasant taste of ginseng extract is providing an impetus to market growth. Other factors, including rising product utilization for manufacturing dietary supplements, the increasing use of ginseng extract in the preparation of refreshing drinks, and the widespread adoption of the herb to produce natural skincare and personal care products, are supporting market growth.

Who are the Key Players Operating in the Ginseng Extract Market?

The competitive landscape of the industry has also been examined along with the profiles of the key players:

  • Baoji Herbest Bio-Tech
  • Changsha Huir Biological-Tech
  • Clariant AG
  • Hangzhou Skyherb
  • KGEC
  • Koei Kogyo
  • Naturalin Bio-Resources Co. Ltd.
  • Nino Biotech
  • Orkla Health
  • RFI ingredient
  • Shanti Natural
  • Sinochem Pharmaceutical.

What is Included in Market Segmentation?

The report has categorized the market based on form, application and region.

Breakup by Form:

  • Powder
  • Liquid

Based on Application:

  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Dietary Supplements
  • Food and Beverages

Regional Analysis:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of the Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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