Ginseng Extracts Market Report Scope & Overview:

The Ginseng Extracts Market Size was esteemed at USD 18.85 billion out of 2022 and is supposed to arrive at USD 32.76 billion by 2030, and develop at a CAGR of 7.15% over the forecast period 2023-2030.

Ginseng is a plant ordered by a solitary tail and meaty roots with green oval-molded leaves. It is an enduring plant that can live for over a hundred years. It is a natural enhancement whose concentrates are in tremendous interest monetarily, particularly for its superb and remarkable qualities of having hostility to disease, calming, and cell reinforcement properties. It is additionally used in the homeopathic treatment of stress, misery, consideration shortfall hyperactivity confusion, and low drive.

Ginseng Extracts Market Revenue Analysis

Ginseng is significantly tracked down in Eastern Asia and North America and is for the most part developed in Bhutan, China, and Korea. It is broadly utilized for its restorative government aides and is likewise utilized as a medication for further developing disease counteraction, mental capability, and hostility to irritation.

The worldwide ginseng extricates market has seen gigantic learning experiences in a couple of years. Expansion in the general interest for beauty care products items and dietary enhancements, which are especially outlined and envelop ginseng as a key fixing is projected to upkeep the worldwide interest during the gauge time frame.

KGC(Korea Ginseng Corp.) revealed the 'World Map of Red Ginseng', which chose the smash hits by country given the abroad market deals of CheongKwanJang Red Ginseng last year to check the new year, 2022. The abroad product execution of KGC, Korea's driving red ginseng fabricating organization, is likewise wonderful. Contrasted with the yearly deals in '19, preceding the flare-up of Covid-19, '20 expanded by 4.8%, and the gathered deals in the second from last quarter of '21 additionally expanded by around 20% contrasted with '19's yearly deals.

Market Dynamics:

Driving Factors:

  • Expansion in the general interest for beauty care products items and dietary enhancements.

  • Expanding commonness of geriatric populace across the globe rising mindfulness concerning establishing concentrates and spices benefits.


  • Expansion is being used of ginseng particularly in drug applications to reduce the gamble of a few ongoing illnesses like erectile brokenness, coronary illness, exhaustion, hepatitis c, and hypertension.

Restraining Factors/Challenges:

  • Expanding results of the item, for example, low pulse, loss of hunger, migraine, the runs, and discombobulation.

Impact of COVID-19:

The development of COVID-19 is supposed to additional drive the development of the worldwide business because immunomodulatory properties might be useful in the battle against COVID-19. As of late, in 2021, The Ministry of Food and Drug Safety in Korea supported red ginseng as an extraordinary resistance sponsor and it will help insusceptibility against COVID-19. These elements favor the development of the market during the gauge time frame.

Market Estimations:

By Form:

The powder structure fragment represented the biggest income share and is supposed to observe critical development in the conjecture period as they are advantageous to deal with as food and are exceptionally preservable. Notwithstanding, the flare-up of organic decay has been accounted for powder type of food varieties attributable to cross-defilement throughout delivering and handling. The powder fragment is driven by other gainful characteristics, including cell reinforcement, mitigating, and hostile to malignant growth properties. The fragment development is additionally credited to its significant application scope in food and refreshments and corrective portions. The fluid section is expected to observe the quickest development over the conjecture period as it is ideally utilized in utilitarian food and restorative arrangements where the specific measure of fluid can be blended to get the right blend of arrangement.

By Application:

Given the application, the market is arranged into restorative and individual consideration, drugs, food and refreshment, and dietary enhancements. The drug fragment represented the biggest income share by the nourishing and restorative advantages of ginseng extrication. It helps in the treatment of unconsciousness, gastrointestinal illness, and cardiovascular sickness. The dietary enhancements application section is supposed to enroll the quickest CAGR as far as income over the gauge period because of its imperative job in upgrading resistance against bacterial and viral contaminations, immune system sickness, and malignant growth. Ginseng removal in dietary enhancements supports the obstruction of the body to ailment during the impacts on the resistant framework.

Market Segmentation:

By Form:

  • Powder

  • Liquid

By Application:

  • Cosmetics & Personal Care

  • Pharmaceuticals

  • Dietary Supplements

  • Food & Beverages

Ginseng Extracts Market Segmentation Analysis

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Asia-Pacific rules the ginseng separates market because of the quick use in food item fabricating alongside changing purchaser inclinations towards regular food items because of secondary effects brought about by human-made added substances in the area while North America locale will hope to fill in the conjecture period 2022 to 2028 because of the broad usage of ginseng extricate as an adaptogen and it is estimated as the huge selling healthful and home grew supplements in the district.

Key Players:

Shanti Natural, RFI ingredient, Orkla Health, KGEC, Herbal Bioactives, Hangzhou Skyherb, Nino Biotech, Sinochem Pharmaceutical, Liuyang Naturalin Bio, Clariant, Changsha Huir Biological-Tech, Baoji Herbest Bio-Tech, KOEI KOGYO.

Shanti Natural-Company Financial Analysis

Company Landscape Analysis

Ginseng Extracts Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 18.85 Billion
Market Size by 2030 US$ 32.76 Billion
CAGR CAGR 7.15% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Form (Powder, Liquid)
• by Application (Cosmetics & Personal Care, Pharmaceuticals, Food & Beverages, Dietary Supplements)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Shanti Natural, RFI ingredient, Orkla Health, KGEC, Herbal Bioactives, Hangzhou Skyherb, Nino Biotech, Sinochem Pharmaceutical, Liuyang Naturalin Bio, Clariant, Changsha Huir Biological-Tech, Baoji Herbest Bio-Tech, KOEI KOGYO
Drivers •Expansion in the general interest for beauty care products items and dietary enhancements.
Market Challenges •Expanding results of the item, for example, low pulse, loss of hunger, migraine, the runs, and discombobulation.

Frequently Asked Questions

Ans: The Pharmaceuticals segment is projected to make a foothold in the worldwide Ginseng Extracts Market.

 Ans: Form and Application segments are covered in the Ginseng Extracts Market.

Ans: Expanding results of the item, for example, low pulse, loss of hunger, migraine, runs, and discombobulation are the restraining factors and challenges faced by the Condensed Milk market.

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

Ans: The Global Ginseng Extracts Market Size was esteemed at USD 17.6 billion out of 2021

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Global Ginseng Extracts Market segmentation, By Form:

8.1 Powder

8.2 Liquid

9. Global Ginseng Extracts Market segmentation, By Application:

9.1 Cosmetics & Personal Care

9.2 Pharmaceuticals

9.3 Dietary Supplements

9.4 Food & Beverages

10. Global Ginseng Extracts Market, by region/ country

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company profiles

11.1 Shanti Natural

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 Swot Analysis

11.1.4 The SNS View

11.2 RFI ingredient

11.3 Orkla Health

11.4 KGEC

11.5 Herbal Bioactives

11.6 Hangzhou Skyherb

11.7 Nino Biotech

11.8 Sinochem Pharmaceutical

11.9 Liuyang Naturalin Bio

11.10 Clariant

11.11 Changsha Huir Biological-Tech

11.12 Baoji Herbest Bio-Tech


12. Competitive Landscape

12.1 Competitive Bench Marking

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

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Data Bank Validation

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