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 contains market size and forecasts of Ginseng Extract in global, including the following market information:
Global Ginseng Extract Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Ginseng Extract Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Ginseng Extract companies in 2021 (%)
The global Ginseng Extract market was valued at 37 million in 2021 and is projected to reach US$ 44 million by 2028, at a CAGR of 2.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Capsule Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Ginseng Extract include Boots, Orkla Health, Pharmaton, Allcura Naturheilmittel GmbH, Ginsana, NATURE ESSENTIAL, Oxford Vitality, Ortis and Vitastore, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We 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, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Ginseng Extract Market Segment Percentages, by Type, 2021 (%)
Capsule
Tablet
Powder
Others
Global Ginseng Extract Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Ginseng Extract Market Segment Percentages, by Application, 2021 (%)
Pharma & Healthcare
Cosmetic & Skin Care
Food & Feed Additives
Others
Global Ginseng Extract Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Ginseng Extract Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies Ginseng Extract revenues share in global market, 2021 (%)
Key companies Ginseng Extract sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Ginseng Extract sales share in global market, 2021 (%)
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

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