Ginseng Extract Market, Global Outlook and Forecast 2023-2029

Ginseng is a plant characterized by a fleshy root and a single stalk with green oval-shaped leaves. It is a perennial plant that can live more than a century. Ginseng is typically derived from the root of this plant. As an herbal supplement, the extract has long been prized for its reputation of having anti-inflammatory, anti-cancer, and antioxidant properties. It is also used in the homeopathic treatment of conditions, including depression, stress, low libido, and Attention Deficit Hyperactivity Disorder (ADHD).
Studies have shown that Ginseng can improve balance, help prevent diabetes, cure anemia, and strengthen the gastrointestinal system. Research in Asia has also shown that it can benefit people who have coughs, asthma, and tuberculosis. Both the physical and mental effects of stress have been improved with the use of ginseng. It was even found to decrease the effects of alcohol intake and subsequent hangovers.
Ginseng is a common ingredient in energy drinks, ginseng tea, and diet aids. Other related products include chewing gum, candy, deodorant, and hair gel. Products that contain Siberian ginseng, also called eleuthero, may be misleading as this particular herb is technically a different plant. Although the benefits of Siberian Ginseng are similar to that of ginseng, the plant has a woody root that is unlike the fleshy root of a true ginseng species.
This report mainly focus on Ginseng Extract Product.
This report aims to provide a comprehensive presentation of the global market for Ginseng Extract, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ginseng Extract. This report contains market size and forecasts of Ginseng Extract in global, including the following market information:
Global Ginseng Extract Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Ginseng Extract Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Ginseng Extract companies in 2022 (%)
The global Ginseng Extract market was valued at US$ 37 million in 2022 and is projected to reach US$ 44 million by 2029, at a CAGR of 2.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In the European market, Major producers include Boots, Orkla Health, Pharmaton, Allcura Naturheilmittel GmbH, Ginsana, Nature Essential, Oxford Vitality, Ortis, Vitastore, Elemis, Molinari and Erborian.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Ginseng Extract manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Ginseng Extract Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Ginseng Extract Market Segment Percentages, by Type, 2022 (%)
    Capsule
    Tablet
    Powder
    Others
Global Ginseng Extract Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Ginseng Extract Market Segment Percentages, by Application, 2022 (%)
    Pharma & Healthcare
    Cosmetic & Skin Care
    Food & Feed Additives
    Others
Global Ginseng Extract Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Ginseng Extract Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Ginseng Extract revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Ginseng Extract revenues share in global market, 2022 (%)
Key companies Ginseng Extract sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Ginseng Extract sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Boots
    Orkla Health
    Pharmaton
    Allcura Naturheilmittel GmbH
    Ginsana
    NATURE ESSENTIAL
    Oxford Vitality
    Ortis
    Vitastore
    Elemis
    Molinari
    Erborian
Outline of Major Chapters:
Chapter 1: Introduces the definition of Ginseng Extract, market overview.
Chapter 2: Global Ginseng Extract market size in revenue and volume.
Chapter 3: Detailed analysis of Ginseng Extract manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Ginseng Extract in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Ginseng Extract capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.