Global Ginseng Extracts Market by Application (Cosmetics & Personal Care, Pharmaceuticals, Dietary Supplements, Food & Beverages), by Form (Powder, Liquid) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global ginseng extracts market was worth USD 24.5 millions in 2019. It is projected to grow at a 6.3% compound annual growth rate (CAGR), between 2020 and 2027. The market is expected to grow due to increased consumer acceptance of Asian and Oriental flavors, and increasing demand for Chinese herbal medicine. Ginseng extract is made from plant ginseng which is an adaptogenic plant. This extract is often referred to as an adaptogen. It resists chemical, biological, and physical stress and boosts general vitality. It is well-known that ginseng roots contain significant amounts of bioactive compounds such as salicylic Acid, phenolic acid maltol and p-coumaric.
The unique saponin found in ginseng roots is known as ginsenosides. It has health-beneficial effects such as antihypertensive and antioxidant, insulin resistance reduction, immunemodulating, antitumors, immunomodulating. Based on the processing methods, ginseng extract can be classified as fresh, red, or white ginseng.
Panax quinquefolius roots and Panax Ginseng roots are commonly known as "ginseng", which is an important folk medicine in Asia, including Japan, Korea, and China. Ginseng roots are known for having high levels of phenolic compounds, saponins and ginsenosides as well as carbotenoids .
Customers are also more concerned about their health due to the constantly changing socioeconomic status. Over the past few years, plant-derived products that have significantly fewer side effects are gaining recognition. It is also possible to use it in functional food as well as dietary supplements, which can provide health benefits that go beyond traditional nutrients.
There has been a growing interest in ginseng's role as a functional food, nutraceutical, with a rising market value. Extracts and bioactive compounds from ginseng have been recognized for their many health-promoting properties, including antitumor and antioxidant, skin protection, anti-osteoporotic, anticancer, respiratory problems, and anti-infective.
Form Insights
In 2019, the powder form segment was 52.1% of the total revenue. It is expected to see significant growth over the forecast period because they can be used in food preparation and are very preservable. Powder forms are also more shelf-friendly due to their low water content and high preservability.
Cross-contamination in the production and processing of powdered foods has led to the development of biological decline. Powder foods can still grow microorganisms even though they have low water content.
Other beneficial properties are also driving the powder segment's growth, such as antioxidant, anti-inflammatory and anti-cancer. Its wide application in cosmetic and food segments is another reason for the segment's growth. The segment's growth is also supported by increasing internet penetration and shifting consumer preferences towards online shopping. This has led to a wide range of product options and easy product access.
As liquid is most commonly used in functional foods and medicinal preparations, it will see the greatest growth. It aids in strengthening the immune system and prevents exhaustion.
Application Insights
The market can be divided by application into three categories: cosmetic and personal care, pharmaceutical and food and drink. In 2019, the pharmaceutical market accounted for 54.3% of total revenue. This is due to the medicinal and nutritional benefits of ginseng extract. It is used to treat comas, gastrointestinal diseases, and cardiovascular disease. It is also vital in many physiological processes such as neurodegenerative diseases, immunological diseases and diabetic disorders.
Because of its crucial role in immune enhancement, autoimmune disease and cancer, the dietary supplements segment will see the fastest revenue growth of 7.0% over the forecast period. The immune system effects of ginseng extract in dietary supplement enhance the body's resistance to illness. Health professionals have been concerned about the use of herbs and botanicals as an alternative to traditional therapy, especially when the immune system is compromised or a selective resistant treatment is needed to reduce the adverse effects.
It has positive effects on the liver, brain, and immune functions. Ginseng extract is expected to be one of the most popular herbs in the world, as it is increasingly used for medicinal and dietary purposes.
Regional Insights
Asia Pacific had a 67.2% revenue share in 2019, due to its rapid use in food product manufacturing, which has seen the greatest growth. Another factor driving market growth is the shift in consumer preferences to natural foods due to side effects of human-made ingredients.
North America will see an increase in demand during the forecast period. This is due to the widespread use of ginseng extract to adaptogen. It has been used as a significant selling nutritional supplement for many years and is considered the most popular herbal and nutritional supplements in the country.
According to industry trends and analysis, the broadening market opportunity for ginseng extracts is mainly due to the growing demand from the Asia Pacific and North America health food industries. The increasing awareness of nutrition and the increased purchasing power of consumers will lead to an increase in demand for food products.
Due to an increase in demand for dietary supplement, countries like the U.S., China and South Korea are driving the ginseng extract market. This is due to the rising trend towards preventive healthcare management, which has been exacerbated by increasing health care costs. Due to the rapid growth of the pharmaceutical industry in the future, European countries like the U.K. and France will be able to support growth.
Market Share Insights & Key Companies
The presence of internationally-renowned companies in the market space is expected to lead to increased instances of mergers & acquisitions over the coming years, given the incapability of privately-held and smaller players to compete with international market participants in terms of global/regional presence, the establishment of distribution channels, and revenue generation. The following are some of the most prominent players in the global market for ginseng extracts:
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Shanti Natural
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RFI ingredient
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Orkla Health
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KGEC
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Herbal Bioactives
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Hangzhou Skyherb
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Nino Biotech
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Sinochem Pharmaceutical
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Liuyang Naturalin Bio
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Clariant
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Changsha Huir Biological-Tech
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Baoji Herbest Bio-Tech
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Koei Kogyo
Up Market Research published a new report titled “Ginseng Extracts Market research report which is segmented by Application (Cosmetics & Personal Care, Pharmaceuticals, Dietary Supplements, Food & Beverages), by Form (Powder, Liquid), By Players/Companies Shanti Natural, RFI ingredient, Sinochem Pharmaceutical, Orkla Health, Baoji Herbest Bio-Tech, Changsha Huir Biological-Tech, Koei Kogyo, Nino Biotech, Hangzhou Skyherb, Herbal Bioactives, Clariant, Liuyang Naturalin Bio, KGEC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Ginseng Extracts Market Research Report |
By Application | Cosmetics & Personal Care, Pharmaceuticals, Dietary Supplements, Food & Beverages |
By Form | Powder, Liquid |
By Companies | Shanti Natural, RFI ingredient, Sinochem Pharmaceutical, Orkla Health, Baoji Herbest Bio-Tech, Changsha Huir Biological-Tech, Koei Kogyo, Nino Biotech, Hangzhou Skyherb, Herbal Bioactives, Clariant, Liuyang Naturalin Bio, KGEC |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 218 |
Number of Tables & Figures | 153 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Ginseng Extracts Market Report Segments:
The market is segmented by Application (Cosmetics & Personal Care, Pharmaceuticals, Dietary Supplements, Food & Beverages), by Form (Powder, Liquid).
Ginseng Extracts Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Ginseng Extracts Market
Overview of the regional outlook of the Ginseng Extracts Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Ginseng Extracts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Ginseng Extracts Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Cosmetics & Personal Care
2. Pharmaceuticals
3. Dietary Supplements
4. Food & Beverages
7. By Form:1. Powder
2. Liquid
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ginseng Extracts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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Reasons to Purchase the Ginseng Extracts Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ginseng Extracts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ginseng Extracts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ginseng Extracts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ginseng Extracts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ginseng Extracts Market Size & Forecast, 2018-2028
4.5.1 Ginseng Extracts Market Size and Y-o-Y Growth
4.5.2 Ginseng Extracts Market Absolute $ Opportunity
Chapter 5 Global Ginseng Extracts Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Ginseng Extracts Market Size Forecast by Application
5.2.1 Cosmetics & Personal Care
5.2.2 Pharmaceuticals
5.2.3 Dietary Supplements
5.2.4 Food & Beverages
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Ginseng Extracts Market Analysis and Forecast by Form
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Form
6.1.2 Basis Point Share (BPS) Analysis by Form
6.1.3 Absolute $ Opportunity Assessment by Form
6.2 Ginseng Extracts Market Size Forecast by Form
6.2.1 Powder
6.2.2 Liquid
6.3 Market Attractiveness Analysis by Form
Chapter 7 Global Ginseng Extracts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ginseng Extracts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ginseng Extracts Analysis and Forecast
9.1 Introduction
9.2 North America Ginseng Extracts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ginseng Extracts Market Size Forecast by Application
9.6.1 Cosmetics & Personal Care
9.6.2 Pharmaceuticals
9.6.3 Dietary Supplements
9.6.4 Food & Beverages
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
9.10 North America Ginseng Extracts Market Size Forecast by Form
9.10.1 Powder
9.10.2 Liquid
9.11 Basis Point Share (BPS) Analysis by Form
9.12 Absolute $ Opportunity Assessment by Form
9.13 Market Attractiveness Analysis by Form
Chapter 10 Europe Ginseng Extracts Analysis and Forecast
10.1 Introduction
10.2 Europe Ginseng Extracts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ginseng Extracts Market Size Forecast by Application
10.6.1 Cosmetics & Personal Care
10.6.2 Pharmaceuticals
10.6.3 Dietary Supplements
10.6.4 Food & Beverages
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
10.10 Europe Ginseng Extracts Market Size Forecast by Form
10.10.1 Powder
10.10.2 Liquid
10.11 Basis Point Share (BPS) Analysis by Form
10.12 Absolute $ Opportunity Assessment by Form
10.13 Market Attractiveness Analysis by Form
Chapter 11 Asia Pacific Ginseng Extracts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ginseng Extracts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ginseng Extracts Market Size Forecast by Application
11.6.1 Cosmetics & Personal Care
11.6.2 Pharmaceuticals
11.6.3 Dietary Supplements
11.6.4 Food & Beverages
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
11.10 Asia Pacific Ginseng Extracts Market Size Forecast by Form
11.10.1 Powder
11.10.2 Liquid
11.11 Basis Point Share (BPS) Analysis by Form
11.12 Absolute $ Opportunity Assessment by Form
11.13 Market Attractiveness Analysis by Form
Chapter 12 Latin America Ginseng Extracts Analysis and Forecast
12.1 Introduction
12.2 Latin America Ginseng Extracts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ginseng Extracts Market Size Forecast by Application
12.6.1 Cosmetics & Personal Care
12.6.2 Pharmaceuticals
12.6.3 Dietary Supplements
12.6.4 Food & Beverages
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
12.10 Latin America Ginseng Extracts Market Size Forecast by Form
12.10.1 Powder
12.10.2 Liquid
12.11 Basis Point Share (BPS) Analysis by Form
12.12 Absolute $ Opportunity Assessment by Form
12.13 Market Attractiveness Analysis by Form
Chapter 13 Middle East & Africa (MEA) Ginseng Extracts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ginseng Extracts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ginseng Extracts Market Size Forecast by Application
13.6.1 Cosmetics & Personal Care
13.6.2 Pharmaceuticals
13.6.3 Dietary Supplements
13.6.4 Food & Beverages
13.7 Basis Point Share (BPS) Analysis by Application
13.8 Absolute $ Opportunity Assessment by Application
13.9 Market Attractiveness Analysis by Application
13.10 Middle East & Africa (MEA) Ginseng Extracts Market Size Forecast by Form
13.10.1 Powder
13.10.2 Liquid
13.11 Basis Point Share (BPS) Analysis by Form
13.12 Absolute $ Opportunity Assessment by Form
13.13 Market Attractiveness Analysis by Form
Chapter 14 Competition Landscape
14.1 Ginseng Extracts Market: Competitive Dashboard
14.2 Global Ginseng Extracts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shanti Natural
14.3.2 RFI ingredient
14.3.3 Sinochem Pharmaceutical
14.3.4 Orkla Health
14.3.5 Baoji Herbest Bio-Tech
14.3.6 Changsha Huir Biological-Tech
14.3.7 Koei Kogyo
14.3.8 Nino Biotech
14.3.9 Hangzhou Skyherb
14.3.10 Herbal Bioactives
14.3.11 Clariant
14.3.12 Liuyang Naturalin Bio
14.3.13 KGEC