Global Ginseng Extracts Market, By Application (Dietary Supplements, Personal Care, Pharmaceutical, Food, Oral Care), Form (Powder, Capsules, Liquid), Distribution Channel (Pharmacies/Drugstore, Hypermarket/Supermarket, Online Retailing, Health/Beauty Store, Direct Selling), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Ginseng extracts market is expected to reach USD 41.87 million by 2028 growing at a growth rate of 6.50% in the forecast period 2021 to 2028. Increasing prevalence of chronic disorders including cancer, cardiovascular diseases and diabetes which will likely to act as a factor for the ginseng extracts market in the forecast period of 2021- 2028.
Ginseng is a plant with green oval-shaped leaves categorised by a single stalk and fleshy roots. It's a perennial plant that's been able to survive for over a century. It is a herbal supplement whose extracts are commercially in high demand, in particular because of its excellent and extraordinary properties of providing anti-cancer, anti-inflammatory and antioxidant properties. It is also used to treat stress, depression, attention deficit hyperactivity disorder and low libidity in homoeopathic therapy.
Increasing prevalence of geriatric population across the globe, increase in the overall demand for cosmetics products and dietary supplements, rise in use of ginseng especially in pharmaceutical applications to alleviate the risk of several chronic diseases such as erectile dysfunction, heart disease, fatigue, hepatitis C, and high blood pressure, rising awareness regarding plant extracts and herbs benefits are some of the major as well as vital factors which will likely to augment the growth of the ginseng extracts market in the forecast period of 2021-2028. On the other hand, increasing number of applications from personal care and cosmetics, food, dietary supplement and pharmaceutical industries along with rising growth in the dietary supplements which will further contribute by generating massive opportunities that will lead to the growth of the ginseng extracts market in the above mentioned projected timeframe.
Increasing side effects of product such as low blood pressure, loss of appetite, headache, diarrhea and dizziness which will likely to act as market restraint factor for the growth of the ginseng extracts in the above mentioned projected timeframe.
This ginseng extracts market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ginseng extracts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ginseng Extracts Market Scope and Market Size
Ginseng extracts market is segmented on the basis of application, form and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the ginseng extracts market is segmented into dietary supplements, personal care, pharmaceutical, food, and oral care. Pharmaceutical segment will hold the largest share in the growth of the market as it helps in the treatment of coma, gastrointestinal disease, and cardiovascular disease.
- Based on the form, the ginseng extracts market is segmented into powder, capsules, and liquid. Powder segment will hold the largest share in the growth of the market due to the increasing number of product benefits such as antioxidant, anti-inflammatory, and anti-cancer properties.
- The ginseng extracts market is also segmented on the basis of distribution channel. The distribution channel is segmented into pharmacies/drugstore, hypermarket/supermarket, online retailing, health/beauty store, and direct selling.
Ginseng Extracts Market Country Level Analysis
Ginseng extracts market is analyses and market size, volume information is provided by country by application, form and distribution channel as referenced above.
The countries covered in the ginseng extracts market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the ginseng extracts market due to the rapid utilization in food product manufacturing along with changing consumer preferences towards natural food products due to side effects caused by human-made additives in the region while North America region will expect to grow in the forecast period 2021 to 2028 due to the extensive utilization of ginseng extract as an adaptogen and it is measured as the significant selling nutritional and herbal supplements in the region.
The country section of the ginseng extracts market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ginseng Extracts Market Share Analysis
Ginseng extracts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ginseng extracts market.
The major players covered in the ginseng extracts report are RFI Ingredients; ShantiNatural.; KGEC; Orkla Health AS; Skyherb; S.A. Herbal Bioactives LLP; NINO BIOTECH CO., LTD.; Naturalin Bio-Resources Co., Ltd.; SINOCHEM GROUP CO., LTD.; Changsha Huirui Biological Technology Co., Ltd.; Clariant; KOEI KOGYO CO.,LTD; Baoji Herbest Bio-Tech Co.,Ltd; Amway India Enterprises Pvt. Ltd.; The Boots Company PLC.; Elemis; Inovital; Starwest Botanicals; Oxford Vitality; DSM; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.