The global ginseng extract market is estimated to grow at a CAGR of nearly 6.5% during the forecast period. The major factors encouraging market growth include health benefits associated with ginseng and emerging application in dietary supplements and cosmetics products. Several potential health benefits are associated with ginseng, which makes it ideal for use in pharmaceutical, food and beverages, and other applications. Ginseng is supposed to restore and improve wellbeing and is one of the most famous herbal remedies. It contains beneficial anti-inflammatory and antioxidant properties, to reduce oxidative damage. As per the study, it was found that Korean red ginseng extract decreased inflammation and enhanced antioxidant activity in skin cells among people suffering from eczema.
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In addition, ginseng could support improve brain functions such as mood, memory, and behavior. Thus, it can be beneficial for people with Alzheimer’s and Parkinson’s disease. Ginseng may also support reducing blood sugar, stress, and treat diabetes. It may affect the production of insulin in the pancreas and enhance insulin resistance with the use of other mechanisms. Ginseng can be useful for the treatment of erectile dysfunction in men, as it may improve the production of nitric oxide that increases blood circulation and improves muscle relaxation in the penis. It can reduce oxidative stress in tissue and increase blood flow in penile muscles.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Ginseng Extract Market by Form
- Powder
- Liquid
- Tablet and Capsule
Global Ginseng Extract Market by Application
- Personal Care and Cosmetics
- Pharmaceuticals
- Food and Beverages
- Dietary Supplements
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Amway Corp.
- Baoji Herbest Bio-Tech Co., Ltd.
- Botalys
- Changsha Huir Biological-tech Co., Ltd.
- Clariant Ltd.
- Daedong Korea Ginseng Co., Ltd.
- General Nutrition Corp.
- Ginseng Up Corp.
- Hangzhou Skyherb Technologies Co., Ltd.
- Herbo Nutra
- KGEC
- Koei Kogyo Co., Ltd.
- Korea Ginseng Corp.
- Naturalin BioTech Co., Ltd.
- Orkla ASA
- RFI Ingredients
- A. Herbal Bioactives LLP
- Shanti Natural Extracts
- The Boots Company PLC
- The Himalaya Drug Co.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ginseng extract market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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