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Ginseng Extract Market Size
- Report ID: GMI4482
- Published Date: Jan 2020
- Report Format: PDF
Ginseng Extract Market Size
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Ginseng Extract Market Size in 2018: | 19.82 Million (USD) |
| Forecast Period: | 2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR: | 8.0% |
| 2026 Value Projection: | 37.1 Million (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 170 |
| Tables, Charts & Figures: | 189 |
| Segments covered: | Dosage form, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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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Ginseng Extract Market Scope
