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Ginseng Extracts Market Share, Size, Trends, Industry Analysis Report, By Form; By Application; By Region; Segment Forecast, 2021 - 2028

  • ID: 5459645
  • Report
  • September 2021
  • Region: Global
  • 108 Pages
  • Polaris Market Research

FEATURED COMPANIES

  • Baoji Herbest Bio-Tech.
  • Hangzhou Skyherb
  • Herbal Bioactives
  • KGEC
  • Koei Kogyo
  • Liuyang Naturalin Bio
The global ginseng extracts market size is expected to reach USD 43.07 million by 2028 according to a new study. The report “Ginseng Extracts Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Liquid); By Application; By Region; Segment Forecast, 2021 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.





The increasing number of chronic diseases owing to the increasing geriatric population and unhealthy lifestyle is the major driving factor behind the growth of the global market. The growing popularity of nutraceuticals and food supplements containing herbal and natural extracts is expected to further propel the growth of the global extracts market over the coming years.

The number of diabetic people living across the globe is estimated to be 463 million adults and it is expected to increase to 700 million, by 2045. China alone accounted for approximately 4.8 million cancer cases, almost a quarter of the newly diagnosed cancer cases across the globe. The increase in chronic diseases will increase the use of ginseng extracts.

Ginseng extracts as a nutraceutical and food supplement are becoming extremely popular in many countries. For instance, in a recent survey conducted in South Korea by the Ministry of Food and Drug Safety (MFDS), it is found that nearly 69% use health functional foods and among them, red ginseng most produced and used product among people in the country. These increasing consumption of functional health foods will boost the growth of this industry in the region.

ew product launch is one of the key strategies followed by industry players to maintain a competitive edge in the industry. For instance, In September 2020, CheongKwanJang launched Donginbi ginseng cosmetics on Amazon.com. Similarly, PepsiCo launched Soulboost a sparkling water beverage that contains functional ingredients including panax ginseng and L-theanine, in May 2021.

The emergence of COVID-19 is expected to further drive the growth of the global industry due to its immunomodulatory properties that may be helpful in the fight against COVID-19. Recently, in 2021, The Ministry of Food and Drug Safety in Korea approved red ginseng as a great immunity booster and it will boost immunity against COVID-19. These factors favor the growth of the market during the forecast period.

Industry participants such as Koei Kogyo, RFI ingredient, Liuyang Naturalin Bio, Shanti Natural, Orkla Health, KGEC, Hangzho- U.Skyherb, Sinochem Pharmaceutical, Nino Biotech, Herbal Bioactives, Changsha Huir Biological-Tech, and Baoji Herbest Bio-Tech are some of the crucial players operating in the global industry.

The publisher has segmented the ginseng extracts market report on the basis of form, application, and region:


Ginseng Extracts, Form Outlook (Revenue - USD Million, 2016 - 2028)


  • Powder
  • Liquid

Ginseng Extracts, Application Outlook (Revenue - USD Million, 2016 - 2028)


  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Dietary Supplements
  • Food & Beverages

Ginseng Extracts, Regional Outlook (Revenue - USD Million, 2016 - 2028)


  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Austria
  • Netherlands
  • Asia Pacific
  • China
  • Japan
  • India
  • Indonesia
  • Malaysia
  • South Korea
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Middle East & Africa
  • Israel
  • Saudi Arabia
  • South Africa
  • UAE
Frequently Asked Questions about the Ginseng Extracts Market

What is the estimated value of the Ginseng Extracts Market?

The Ginseng Extracts Market was estimated to be valued at $26.2 Million in 2021.

What is the growth rate of the Ginseng Extracts Market?

The growth rate of the Ginseng Extracts Market is 6.5%, with an estimated value of $43.1 Million by 2028.

What is the forecasted size of the Ginseng Extracts Market?

The Ginseng Extracts Market is estimated to be worth $43.1 Million by 2028.

Who are the key companies in the Ginseng Extracts Market?

Key companies in the Ginseng Extracts Market include Koei Kogyo, RFI ingredient, Liuyang Naturalin Bio, Shanti Natural, Orkla Health, KGEC, Hangzhou Skyherb, Sinochem Pharmaceutical and Herbal Bioactives.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Baoji Herbest Bio-Tech.
  • Hangzhou Skyherb
  • Herbal Bioactives
  • KGEC
  • Koei Kogyo
  • Liuyang Naturalin Bio
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Ginseng Extracts Market Insights
4.1. Ginseng Extracts - Industry snapshot
4.2. Ginseng Extracts Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing acceptance among Asian population
4.2.1.2. Traditional use among ethnic population
4.2.2. Restraints and Challenges
4.2.2.1. High Price
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Ginseng Extracts Market Industry trends
4.6. COVID-19 Impact Analysis

5. Global Ginseng Extracts Market, by Form
5.1. Key Findings
5.2. Introduction
5.2.1. Global Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
5.3. Powder
5.3.1. Powder Ginseng Extracts Market, by Region, 2016 - 2028 (USD Million)
5.4. Liquid
5.4.1. Liquid Ginseng Extracts Market, by Region, 2016 - 2028 (USD Million)

6. Ginseng Extracts Market Assessment by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
6.3. Flooring
6.3.1. Ginseng Extracts Market for flooring, by Region, 2016 - 2028 (USD Million)
6.4. Paneling & Siding
6.4.1. Ginseng Extracts Market for paneling & siding, by Region, 2016 - 2028 (USD Million)
6.5. Beams
6.5.1. Ginseng Extracts Market for beams, by Region, 2016 - 2028 (USD Million)
6.6. Furniture
6.6.1. Ginseng Extracts Market for furniture, by Region, 2016 - 2028 (USD Million)

7. Ginseng Extracts Market Assessment by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Ginseng Extracts Market Assessment, By Geography, 2016 - 2028 (USD Million)
7.3. Ginseng Extracts Market - North America
7.3.1. North America: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.3.2. North America: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.3.3. Ginseng Extracts Market - U.S.
7.3.3.1. U.S.: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.3.3.2. U.S.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.3.4. Ginseng Extracts Market - Canada
7.3.4.1. Canada: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.3.4.2. Canada.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.4. Ginseng Extracts Market - Europe
7.4.1. Europe: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.4.2. Europe: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.4.3. Ginseng Extracts Market - UK
7.4.3.1. UK: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.4.3.2. UK: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.4.4. Ginseng Extracts Market - France
7.4.4.1. France: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.4.4.2. France: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.4.5. Ginseng Extracts Market - Germany
7.4.5.1. Germany: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.4.5.2. Germany: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.4.6. Ginseng Extracts Market - Italy
7.4.6.1. Italy: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.4.6.2. Italy: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.4.7. Ginseng Extracts Market - Spain
7.4.7.1. Spain: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.4.7.2. Spain: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.4.8. Ginseng Extracts Market - Netherlands
7.4.8.1. Netherlands: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.4.8.2. Netherlands: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.4.9. Ginseng Extracts Market - Austria
7.4.9.1. Austria: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.4.9.2. Austria: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.5. Ginseng Extracts Market - Asia-Pacific
7.5.1. Asia Pacific: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.5.2. Asia Pacific: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.5.3. Ginseng Extracts Market - China
7.5.3.1. China: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.5.3.2. China: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.5.4. Ginseng Extracts Market - India
7.5.4.1. India: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.5.4.2. India.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.5.5. Ginseng Extracts Market - Malaysia
7.5.5.1. Malaysia: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.5.5.2. Malaysia: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.5.6. Ginseng Extracts Market - Japan
7.5.6.1. Japan: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.5.6.2. Japan: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.5.7. Ginseng Extracts Market - Indonesia
7.5.7.1. Indonesia: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.5.7.2. Indonesia: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.5.8. Ginseng Extracts Market - South Korea
7.5.8.1. South Korea: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.5.8.2. South Korea.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.6. Ginseng Extracts Market - Middle East & Africa
7.6.1. Middle East & Africa: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.6.2. Middle East & Africa.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.6.3. Ginseng Extracts Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.6.3.2. Saudi Arabia.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.6.4. Ginseng Extracts Market - UAE
7.6.4.1. UAE: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.6.4.2. UAE: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.6.5. Ginseng Extracts Market - Israel
7.6.5.1. Israel: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.6.5.2. Israel: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.6.6. Ginseng Extracts Market - South Africa
7.6.6.1. South Africa: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.6.6.2. South Africa: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.7. Ginseng Extracts Market - Latin America
7.7.1. Latin America: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.7.2. Latin America: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.7.3. Ginseng Extracts Market - Mexico
7.7.3.1. Mexico: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.7.3.2. Mexico.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.7.4. Ginseng Extracts Market - Brazil
7.7.4.1. Brazil: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.7.4.2. Brazil.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
7.7.5. Ginseng Extracts Market - Argentina
7.7.5.1. Argentina: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
7.7.5.2. Argentina.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. Baoji Herbest Bio-Tech
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Changsha Huir Biological-Tech
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Clariant
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Hangzhou Skyherb
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Herbal Bioactives
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. KGEC
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. KOEI KOGYO
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Liuyang Naturalin Bio
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Nino Biotech
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Orkla Health
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. RFI ingredient
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Shanti NaturalTerraMai
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Sinochem Pharmaceutical
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development

List of Tables
Table 1. Global Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 2. Global Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 3. Ginseng Extracts Market Assessment, By Geography, 2016 - 2028 (USD Million)
Table 4. North America: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 5. North America: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 6. U.S.: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 7. U.S.: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 8. Canada: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 9. Canada: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 10. Europe: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 11. Europe: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 12. UK: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 13. UK: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 14. France: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 15. France: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 16. Germany: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 17. Germany: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 18. Italy: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 19. Italy: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 20. Spain: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 21. Spain: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 22. Netherlands: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 23. Netherlands: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 24. Austria: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 25. Austria: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 26. Asia Pacific: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 27. Asia Pacific: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 28. China: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 29. China: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 30. India: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 31. India: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 32. Malaysia: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 33. Malaysia: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 34. Japan: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 35. Japan: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 36. Indonesia: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 37. Indonesia: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 38. South Korea: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 39. South Korea: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 40. Middle East & Africa: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 41. Middle East & Africa: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 42. Saudi Arabia: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 43. Saudi Arabia: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 44. UAE: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 45. UAE: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 46. Israel: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 47. Israel: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 48. South Africa: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 49. South Africa: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 50. Latin America: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 51. Latin America: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 52. Mexico: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 53. Mexico: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 54. Brazil: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 55. Brazil: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)
Table 56. Argentina: Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Table 57. Argentina: Ginseng Extracts Market, by Form, 2016 - 2028 (USD Million)

List of Figures
Figure 1 Global Ginseng Extracts Market, by Application, 2016 - 2028 (USD Million)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter’s Five Forces
Figure 6 Market by Application
Figure 7 Global Ginseng Extracts Market, by Application, 2020 & 2028 (USD Million)
Figure 8 Market by Form
Figure 9 Global Ginseng Extracts Market, by Form, 2020 & 2028 (USD Million)
Figure 10 Ginseng Extracts Market Assessment, By Geography, 2016 - 2028 (USD Million)
Figure 11 Strategic Analysis - Ginseng Extracts Market
Note: Product cover images may vary from those shown
  • Koei Kogyo
  • RFI ingredient
  • Liuyang Naturalin Bio
  • Shanti Natural
  • Orkla Health
  • KGEC
  • Hangzhou Skyherb
  • Sinochem Pharmaceutical
  • Nino Biotech
  • Herbal Bioactives
  • Changsha Huir Biological-Tech
  • Baoji Herbest Bio-Tech.
Note: Product cover images may vary from those shown