Ginseng Extract Market Size By Dosage Form (Powder, Liquid, Capsule), By Application (Personal Care & Cosmetics, Food, Dietary Supplement, Pharmaceuticals), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Widening utilization along with organic characteristics will stimulate the global market growth

Global Ginseng Extract Market size exceeded USD 19.5 million, globally in 2018 and is estimated to grow at over 7.5% CAGR between 2019 and 2026. Beneficial characteristics including lowering blood sugar, potent antioxidant, brain function enhancement, strengthen immune system and tackle fatigue with enhanced pharmaceuticals demand is a crucial factor for ginseng extract business expansion. 
 

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Ginseng extract is derived from a plant named ginseng which is an adaptogenic plant. This extract is referred as adaptogen which implies that its resists chemical, biological & physical stress and boosts general vitality. The ginseng root is considered as most valuable owing to the presence of chemical component called ginsenosides. Various beneficial attributes posed by this chemical component has increased its utilization in applications including personal care & cosmetics, food, dietary supplement and pharmaceuticals. Ginseng extract is classified as white ginseng, fresh ginseng and red ginseng depending upon processing procedures.
 

Pharmaceutical industry is expected to exceed USD 1.5 trillion by 2023. Broadening market opportunities is accredited to growing novel product release by pharmaceutical manufacturers for mitigating unusual diseases along with growing aged population. This is predominantly used to improve concentration, thinking, memory, work efficiency, muscle damage prevention, physical stamina, athletic endurance and Alzheimer’s disease treatment.  
 

Ginseng extracts are integrated in manufacturing of dietary supplements to improve general well-being, stimulate immune system, decelerate aging and enhancing physical stamina. Capsule dosage form ginseng extract is predominantly utilized for dietary additives formulation owing to more bioavailability of ginsenosides components.  
 

Opportunities for the market may generate through affirmative initiatives by Indian government including Pharma Industry Promotion which enables new paths for medicines manufacturing in the region. These initiatives will help regional pharmaceutical industry to improve exports, domestic level competition, multinational manufacturers investment and low production & R&D cost. Market demand is accredited to growing pharma products manufacturing due to rising foreign companies manufacturing plant establishment in the region.   
 

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Strong consumption of Powder dosage form ginseng extract to drive market trends

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Market trends for ginseng extract has experienced appreciable gains for powder dosage form over liquid and capsule dosage form. Growth in ginseng extract demand is accredited to strong product usage in producing dietary supplements and pharmaceutical products owing to incorporated properties including higher concentration, ease in digestion and quicker absorption.  
 

The powder segment of ginseng extract market growth is driven by beneficial attributes including anti-cancer, antioxidant and anti-inflammatory. Ginseng extract utilization is also accredited to its strong application reach in cosmetics and food.  
 

Further factors supporting the segmental growth is rising internet penetration along with shifting customer preference towards online shopping has resulted easy product accessibility and wide range of product variety.  
 

Rising Dietary supplements demand to propel ginseng extract industry growth

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According to industry analysis, industry growth is attributed to increasing awareness towards nutritional enrichment. Powder, liquid and capsule dosage form are majorly utilized as dietary supplements. This product helps human beings to improve energy levels, boost immune levels, anti-aging, hair growth promotion and stimulates cognitive abilities & neural activity.
 

According to ginseng extract industry trends, market growth is accredited to growing demand for dietary supplements due to increasing trend towards preventive health management practices due to rising health care costs. Market growth is also propelled by rising investments in R&D with growing aging population in countries including Japan, Italy, Portugal, Germany, Finland, Bulgaria, Sweden, Latvia and Malta.
 

In ginseng extract industry, market players are involved in producing novel products to offer beneficial human health essentials. In April 2019, CheongKwanJang, a South Korean red ginseng extract product maker launched its latest special edition product named Korean Red Ginseng Extract Every time. This product comes in a portable stick type pouch which consists 100 stick type pouches in two tin containers. Through this release, the company will be able to gain stronger market share and cater wider customer base.
 

 Growing food products demand in Asia Pacific will increase ginseng extract utilization

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As per industry forecast, Asia Pacific market is growing rapidly due to its utilization in food products manufacturing which has experienced highest growth of 7.5% CAGR than others. Ginseng extract for manufacturing food products are majorly resulted by growing demand for functional foods. This product demand is attributed to its usage in manufacturing food products as a food additive and to induced functional properties including antioxidative, anti-obesity, anti-stress, anti-inflammatory, anti-viral and anti-cancer.
 

As per market analysis & trends, broadening market opportunities for ginseng extracts are majorly due to rising foods market demand in Asia Pacific region. Foods market demand is due to rising population purchasing power and nutritional diet awareness. Other factors driving industry trends are due to shifting consumer preferences towards natural food products owing to side effects posed by manmade additives. Product utilization can also be attributed to wide incorporation in Korean cuisine including Banchan, Guk, Insamcha, Insam-twigim and Samgye-tang.
 

Latest product release to be the key business strategical initiative by key market players

Ginseng extract key market players are RFI ingredient, Shanti Natural, KGEC, Orkla Health, Hangzhou Skyherb, S.A. Herbal Bioactives, Nino Biotech, Liuyang Naturalin Bio, Sinochem Pharmaceutical, Changsha Huir Biological-Tech, Clariant, KOEI KOGYO and Baoji Herbest Bio-Tech.
 

According to industry forecast, key market players are implementing strategies including latest and novel product releases, to fortify their present product portfolio and focus on broader consumer needs.
 

In February 2019, Ewha company, a South Korean organic products distributor has announced plans to go international with its food brand Nature’s Food’s signature red ginseng product. The company will be primarily entering Chinese market owing to cater the world’s largest consumer market. Through this operational expansion, the company can expand its operations in China and gain majority market share.  
 

The Ginseng Extract Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume (Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Dosage form

• Powder
• Liquid
• Capsule
• Others

By Application

• Personal care & cosmetics
• Food
• Dietary supplement
• Pharmaceuticals

The above information has been provided for the following countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Poland
  • Russia
• APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Malaysia
  • Thailand
  • Australia
  • Indonesia
• LATAM
  • Brazil
• MEA
  • Saudi Arabia
  • UAE
  • South Africa