The Global Ginseng Extracts Market size is expected to reach $35.9 Million by 2026, rising at a market growth of 9.4% CAGR during the forecast period. Ginseng extract is obtained from plant ginseng, which is an adaptogenic plant. So the ginseng extract is commonly known as an adaptogen.
This plant-based extract has the capacity to resist physical, chemical, and biological stress and improves general vitality. In addition to it, ginseng roots are known to contain significant levels of highly bioactive compounds such as salicylic acid, p-coumaric acid, phenolic acids maltol, and vanillic acid. The ginseng plant is recognized as a single stalk plant that has fleshy roots and green oval-shaped leaves. It is a type of herbal supplement. There is an increasing demand for these extracts due to their anti-inflammatory, anti-cancer, and antioxidant properties.
A rise in consumer acceptance for oriental and Asian flavors and increasing demand for Chinese herbal medicine are anticipated to drive the growth of the market in the coming years. Ginseng roots contain a unique variety of saponin called ginsenosides. This saponin variety possesses health-beneficial effects such as antioxidant, antihypertensive, insulin resistance reduction, immunomodulating, antitumor, chemoprotective, antidiabetic, and phytoestrogens. Depending on the processing method, Ginseng extract is categorized as red ginseng, fresh ginseng, and white ginseng.
Ginseng is largely cultivated in North America and Eastern Asia including China, Bhutan, and Korea. It is extensively used for its therapeutic benefits. As the extracts of ginseng possess anti-inflammatory and antioxidant properties, it is also used as a medicine that improves cognitive function and prevents inflammation. According to a report by Baeg and Seung-Ho So in NIH, there is a worldwide expansion of the health food market, still, ginseng is considered to have market growth prospect.
Based on Application, the market is segmented into Pharmaceuticals, Food & Beverages, Dietary Supplements and Cosmetics & Personal Care. The pharmaceutical segment had the largest market revenue share of the market in 2019. This is due to the nutritional and medicinal benefits of ginseng extract. It is helpful in the treatment of gastrointestinal disease, coma, and cardiovascular disease. Moreover, it plays an important role in physiological processes such as neurodegenerative disorders, diabetic disorders, immunological diseases, and several heart diseases.
Based on Form, the market is segmented into Powder and Liquid. The liquid segment is expected to show the fastest growth over the forecasted period. As the liquid form of ginseng is preferably used as a functional food and also in medicinal preparations. It is added in a precise amount to get the final product. It also helps in boosting the immune system, preventing exhaustion, and improving mental and physical capacity in case of lack of concentration, fatigue, lack of vitality, and during convalescence.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America is likely to show increased demand over the forecasted period due to the widespread use of ginseng extract as an adaptogen. That is why it is considered as the significant selling herbal and nutritional supplements in the country for the past many years.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Clariant AG, Orkla ASA, Sinochem Group Co., Ltd., RFI Ingredients, LLC, Shanti Natural Extracts, Hangzhou Skyherb Technologies Co., Ltd., S.A. Herbal Bioactives LLC, Changsha Huir Biological-Tech Co., Ltd., Baoji Herbest Bio-Tech Co., Ltd. and Liuyang Naturalin Bio-Tech Co., Ltd.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology 1.1 Market Definition 1.2 Objectives 1.3 Market Scope 1.4 Segmentation 1.4.1 Global Ginseng Extracts Market, by Application 1.4.2 Global Ginseng Extracts Market, by Form 1.4.3 Global Ginseng Extracts Market, by Geography 1.5 Methodology for the research
Chapter 3. Global Ginseng Extracts Market by Application 3.1 Global Pharmaceuticals Market by Region 3.2 Global Food & Beverages Market by Region 3.3 Global Dietary Supplements Market by Region 3.4 Global Cosmetics & Personal Care Market by Region
Chapter 4. Global Ginseng Extracts Market by Form 4.1 Global Powder Market by Region 4.2 Global Liquid Market by Region
Chapter 5. Global Ginseng Extracts Market by Region 5.1 North America Ginseng Extracts Market 5.2 Europe Ginseng Extracts Market 5.3 Asia Pacific Ginseng Extracts Market 5.4 LAMEA Ginseng Extracts Market
Chapter 6. Company Profiles 6.1 Clariant AG 6.1.1 Company Overview 6.1.2 Financial Analysis 6.1.3 Research & Development Expense 6.1.4 Recent strategies and developments: 220.127.116.11 Product Launches and Product Expansions: 6.2 Orkla ASA 6.2.1 Company Overview 6.2.1 Financial Analysis 6.2.2 Segmental and Regional Analysis 6.2.3 Research & Development Expenses 6.3 Sinochem Group Co., Ltd. 6.3.1 Company Overview 6.3.2 Financial Analysis 6.3.3 Segmental and Regional Analysis 6.4 RFI Ingredients, LLC 6.4.1 Company Overview 6.5 Shanti Natural Extracts 6.5.1 Company Overview 6.6 Hangzhou Skyherb Technologies Co., Ltd. 6.6.1 Company Overview 6.7 S.A. Herbal Bioactives LLC 6.7.1 Company Overview 6.8 Changsha Huir biological tech Co., Ltd. 6.8.1 Company Overview 6.9 Baoji Herbest Bio-Tech Co., Ltd. 6.9.1 Company Overview 6.10. Liuyang Naturalin Bio-Tech Co., Ltd. 6.10.1 Company Overview