Global Ginseng Extract Market to Grow at 6.1% During 2024-2032, Facilitated by Increasing Product Utilization in Pharmaceutical Industry

July 03, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Ginseng Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” finds that the global ginseng extract market is expected to exhibit a CAGR of 6.1% during the forecast period (2024-2032). Ginseng extract is a herbal product extracted from the root of the ginseng plant. It contains various active compounds known as ginsenosides and exhibits anti-cancer, antioxidant, and anti-inflammatory properties. It helps promote immune and central nervous system (CNS) function, reduce inflammation, and relieve stress. It also aids in the treatment of cancer, diabetes, and cardiovascular diseases. It is used in the formulation of various dietary supplements on account of its antioxidative and potential neuromodulating effects.

Global Ginseng Extract Market Trends:

The escalating demand for natural food products and increasing consciousness among individuals about the importance of a nutritional diet to lead a healthy lifestyle represent one of the major factors influencing the market positively. In addition, there is a rise in the product utilization in preparing numerous foods and refreshing drinks, such as tea, energy drinks, and salads as ginseng extracts impart health benefits beyond traditional nutrients. Furthermore, the growing geriatric population and the rising prevalence of heart disease, erectile dysfunction, hypertension, and menopausal symptoms create a positive market outlook. Apart from this, widespread adoption of ginseng extracts in the pharmaceutical industry for the formulation of drugs and nutraceuticals are propelling the growth of the market. This, coupled with the increasing use of ginseng in the preparation of creams, lotions, and face masks, is accelerating the market growth. Moreover, the increasing reliance on online shopping platforms offering a huge range of products at discounted rates, supported with free home delivery services and a hassle-free shopping experience, is expanding the sales of products formulated with ginseng extract.

Market Summary:

Based on the form, powder currently accounts for the largest market share.
On the basis of the application, the market has been segmented into cosmetics and personal care, pharmaceuticals, dietary supplements, and food and beverages. Presently, pharmaceuticals hold the largest market share.
Region-wise, the market has been segregated into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific is enjoying the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being 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, and Sinochem Pharmaceutical.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Form, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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 and Sinochem Pharmaceutical
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Ginseng Extract Market to Grow at 6.1% During 2024-2032, Facilitated by Increasing Product Utilization in Pharmaceutical Industry

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.