The global ginseng extracts market is set to witness growth at a CAGR of 4.4% and top a valuation of USD 18,146.7 Million by 2034. Ginseng being a herbal supplement, is used to make functional foods with the extract of its root containing active elements called ginsenosides. The product thus naturally has anti-inflammatory and antioxidants qualities, which helps in improving brain function, strengthening immune system of the body, improving erectile dysfunction, and fighting lethargy.

Additionally, ginseng extracts can be used to address various health issues, including different types of cancer, swine flu, anemia, diabetes, gastritis, asthma, and fever. Panax ginseng, in particular, is beneficial for the intestinal tract; however, its efficacy and quality can vary based on bioavailability and the form in which it is consumed. When taken orally, ginsenosides can be challenging to break down due to liver enzymes and gastric juices.

Once the extracts reach the intestine, they are fermented into more bioavailable metabolites by gut microflora, enhancing energy levels and supporting metabolic balance. Consequently, the medicinal properties of ginseng extracts are driving growth in the market as they become increasingly popular as supplements in the food and beverage industry.

Key Takeaways from Market Study

• The ginseng extracts market is worth of USD 11,842.6 Million sales in 2024.
• The ginseng extracts market is expected to expand at CAGRs of 4.4% through 2034.
• Global ginseng extracts demand is projected to grow year-on-year (Y-o-Y) growth of 7.3% in 2024.
• The ginseng extracts market is growing with a notable boost towards the production to reach USD 18,146.7 Million by 2034.
• Innovative applications, research formulations, and medicinal properties are the factors driving growth of Ginseng Extracts market to be the influencing factors among consumers, which is driving sales of ginseng extracts across global markets.
• Demand for ginseng extracts grew at 4.6% CAGR between 2019 and 2023.
• Korea Ginseng Corp., Clariant, Korean Ginseng Export Corporation, RFI Ingredients, Inc, and Ilhwa Co., Ltd. are expected to be the top players in the industry.
• Siberian ginseng type with capsule form segment of ginseng extracts are in heavy demand from beverage industry carrying a notable market share.

Competitive Landscape

Key manufacturers of ginseng extracts are concentrating on expanding their product portfolios through new innovations and investing in research and development. Meanwhile, leading brands in the ginseng extracts market are pursuing inorganic growth strategies, establishing a presence in various countries to increase their market share.

For instance

• February 2024, Ginsa brands officially launched ginsa, the first-to-industry sparkling ginseng tonic centered around Korean red ginseng, an antioxidant-rich root celebrated for its ability to increase energy, enhance immunity, fight inflammation and improve focus.
• February 2024, South Korean cosmetics startup FM Biohealth Co. launched a new skincare product that contains ginseng fruit extracts as an active substance.

Leading Ginseng Extracts Brands

• Korea Ginseng Corp.
• Clariant
• Korean Ginseng Export Corporation
• RFI Ingredients, Inc
• Ilhwa Co., Ltd.
• Organika Health Products Inc
• Nature's Way Products, LLC
• Orkla Health A/S
• Shanghai FanPharma Co., Ltd.
• Koshiro Company Limited
• Others

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Key Segments of Market Report

By Product Type:

As per product type the industry has been categorized into American Ginseng, Oriental Ginseng, Siberian Ginseng , Asian Ginseng, Others

By Form:

The segment is further categorized into Powder, Liquid, Tablet, Capsule, Gel and Others

By Application:

Application in further categorized into Food & Beverages, Nutraceuticals & Dietary Supplements, Pharmaceutical, Cosmetics & Personal Care, Others

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa