Ginseng Extract Market Analysis

Ginseng Extract Market Analysis

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.  
 

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.
 

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.