Ginseng Extracts Market
By Form;
Powder, Capsules, and LiquidBy End User;
Pharmacies/Drugstore, Hypermarket/Supermarket, Online Retailing, Health/Beauty Store, and Direct SellingBy Application;
Dietary Supplements, Personal Care, Pharmaceutical, Food, and Oral CareBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Introduction
Global Ginseng Extracts Market (USD Million), 2021 - 2031
In the year 2024, the Global Ginseng Extracts Market was valued at USD 31.00 million. The size of this market is expected to increase to USD 50.11 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.1%.
Ginseng Extracts Market
*Market size in USD million
CAGR 7.1 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 7.1 % |
Market Size (2024) | USD 31.00 Million |
Market Size (2031) | USD 50.11 Million |
Market Concentration | Medium |
Report Pages | 346 |
Major Players
- Korea Ginseng Corp.
- Clariant
- Korean Ginseng Export Corporation
- RFI Ingredients, Inc
- Organika Health Products Inc
- Nature's Way Products
- Orkla Health A/S
- Shanghai FanPharma
- Koshiro Company Limited
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Ginseng Extracts Market
Fragmented - Highly competitive market without dominant players
The global ginseng extracts market has experienced substantial growth in recent years, driven by the rising demand for natural, plant-based products in the health and wellness sector. Ginseng, a popular herbal remedy known for its medicinal properties, is widely consumed in various forms, including teas, capsules, and extracts. Ginseng extracts are derived from the roots of the Panax ginseng plant, and they are prized for their ability to boost energy, improve mental clarity, enhance immunity, and reduce stress. As consumers increasingly turn to natural solutions for overall health, the demand for ginseng extracts has surged in both the nutraceutical and food and beverage sectors.
The market for ginseng extracts is also fueled by growing awareness about the potential health benefits of ginseng. These include its use as an adaptogen, helping the body cope with stress and balance physiological functions. Furthermore, ginseng is known for its ability to support cognitive function and improve stamina, making it a popular ingredient in dietary supplements, functional foods, and beverages. The growing trend of preventive healthcare, as well as the expansion of the global herbal medicine market, has positively impacted the demand for ginseng extracts, leading to market expansion.
In addition to its health benefits, the rise of clean label products and an increased preference for natural ingredients have contributed to the growth of the ginseng extracts market. The popularity of herbal and natural supplements has seen a significant spike, particularly among health-conscious consumers looking to avoid synthetic additives. Ginseng extracts, available in powdered, liquid, and capsule forms, are used in a variety of products, from energy drinks and teas to skincare and cosmetics. As a result, the ginseng extracts market continues to evolve, with increased investment in product innovation and a growing number of ginseng-based offerings entering the global market.
Global Ginseng Extracts Market Recent Developments
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In June 2023, premium ginseng products targeting the functional foods segment gained market traction in North America and Europe, driven by growing health awareness.
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In October 2020, the ginseng market saw growth due to increasing consumer preference for herbal supplements, particularly in the immunity-boosting segment during the COVID-19 pandemic.
Ginseng Extracts Market Segment Analysis
In this report, the Ginseng Extracts Market has been segmented by Form, End User, Application, and Geography.
Ginseng Extracts Market, Segmentation by Form
The Ginseng Extracts Market has been segmented by Form into Powder, Capsules and Liquid.
Powder
The powder form of ginseng extracts leads the market, contributing close to 45% of the overall share. Its popularity is attributed to broad applications in nutritional supplements, functional foods, and herbal teas. With longer shelf stability and ease of blending into different product formulations, powdered extracts remain a cost-effective and highly versatile choice for manufacturers
Capsules
The capsules segment makes up around 35% of the ginseng extract market, supported by rising consumer preference for convenience and accurate dosage. Capsules are especially favored in the nutraceutical industry, catering to busy lifestyles and older consumers seeking a simple consumption format. Their standardized dosing helps ensure consistent results, which strengthens consumer trust
Liquid
Liquid ginseng extracts account for approximately 20%, gaining popularity in energy tonics, functional drinks, and wellness beverages. They are valued for fast absorption and higher bioavailability, making them appealing to younger and health-conscious demographics. However, challenges like reduced shelf life and higher costs compared to powders and capsules limit their widespread adoption
Ginseng Extracts Market, Segmentation by End User
The Ginseng Extracts Market has been segmented by End User into Pharmacies/Drugstore, Hypermarket/Supermarket, Online Retailing, Health/Beauty Store, and Direct Selling.
Pharmacies/Drugstore
The pharmacies and drugstore segment holds close to 30% of the ginseng extracts market, reflecting consumer reliance on professional guidance and clinically validated supplements. These outlets are especially preferred by older adults and patients seeking trusted products for health and wellness needs
Hypermarket/Supermarket
The hypermarket and supermarket segment captures nearly 25% of the market, supported by easy accessibility, wide product variety, and promotional deals. Their ability to showcase multiple brands on shelves strengthens consumer choice and supports bulk purchases in urban settings
Online Retailing
Online retail platforms represent about 20% of sales, fueled by the rising adoption of e-commerce and digital shopping habits. Convenience, competitive pricing, and wider product visibility make this channel particularly attractive to younger, tech-driven consumers
Health/Beauty Store
Health and beauty stores account for around 15% of the market, largely serving customers interested in wellness, skincare, and premium ginseng formulations. Their specialized nature appeals to health-conscious buyers seeking personalized recommendations
Direct Selling
The direct selling segment contributes nearly 10%, relying on network marketing and personal referrals. While its market size is relatively smaller, this channel remains effective in regions where relationship-driven sales influence consumer decisions
Ginseng Extracts Market, Segmentation by Application
The Ginseng Extracts Market has been segmented by Application into Dietary Supplements, Personal Care, Pharmaceutical, Food, and Oral Care.
Dietary Supplements
The dietary supplements segment holds around 40% of the ginseng extracts market, supported by rising consumer demand for immune health, energy, and stress management solutions. Preventive healthcare trends and growing adoption of herbal supplements continue to fuel this segment’s strong growth
Personal Care
The personal care segment accounts for nearly 20%, with ginseng extracts increasingly featured in skincare, haircare, and anti-aging products. Known for its antioxidant and revitalizing properties, ginseng has become a key natural ingredient in premium beauty formulations
Pharmaceutical
The pharmaceutical segment contributes close to 15%, focusing on clinical and therapeutic uses of ginseng extracts. They are widely applied in products supporting fatigue reduction, blood sugar regulation, and cognitive health, benefiting from expanding research into medicinal applications
Food
The food segment makes up nearly 15%, with ginseng integrated into functional foods, energy beverages, and wellness snacks. Growing consumer preference for natural performance enhancers and healthy diets is boosting its use in everyday nutrition
Oral Care
The oral care segment represents about 10% of the market, with ginseng gaining ground in herbal toothpaste and mouthwash. Its anti-inflammatory and antibacterial effects enhance natural oral care solutions, appealing to health-conscious buyers seeking safer alternatives
Ginseng Extracts Market, Segmentation by Geography
In this report, the Ginseng Extracts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Ginseng Extracts Market Share (%), by Geographical Region
North America
The North American market holds approximately 35%, fueled by strong adoption of dietary supplements, functional beverages, and herbal remedies. The U.S. leads this region, supported by rising awareness of natural wellness products and growing investment in nutraceutical innovation
Europe
The European market captures nearly 25%, supported by demand for clean-label, herbal-based supplements and skincare solutions. Countries like Germany, the UK, and France are major contributors, where consumer preference for natural formulations continues to grow
Asia Pacific
Asia Pacific represents around 30% of the ginseng extracts market and is among the fastest-growing regions. China, Japan, and South Korea have strong traditional usage of ginseng, which now extends into modern pharmaceuticals, foods, and cosmetics, ensuring continued demand
Middle East and Africa
The Middle East and Africa market accounts for about 5%, reflecting gradual adoption of herbal supplements and wellness products. Expanding retail infrastructure and increasing awareness of natural health benefits are creating growth opportunities despite its smaller base
Latin America
The Latin American market holds nearly 5%, driven by rising demand in Brazil and Mexico. Increasing interest in preventive healthcare and herbal-based remedies is helping expand the presence of ginseng extracts in the region
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Ginseng Extracts Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Growing demand in the automotive and transportation sectors
- Increasing adoption in renewable energy applications (wind energy)
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Advancements in manufacturing technologies - Advancements in manufacturing technologies have significantly impacted the production of Glass Fiber (GF) and Glass Fiber Reinforced Polymer (GFRP) composites, enhancing both efficiency and performance. Automation and digitalization have played a pivotal role in optimizing production processes. Techniques such as automated fiber placement (AFP) and robotic filament winding have streamlined the manufacturing of composite materials, reducing human error, increasing precision, and improving overall production speed. These innovations allow for the creation of more complex and lightweight composite structures that meet the stringent requirements of industries like aerospace, automotive, and construction.
Another key development is the integration of 3D printing and additive manufacturing into composite production. This technology enables the rapid prototyping and customization of GFRP components with intricate geometries that would be challenging or cost-prohibitive with traditional manufacturing methods. By directly printing composite materials, manufacturers can reduce material waste and shorten lead times, which contributes to lower production costs. The ability to produce complex, on-demand components also opens new opportunities for product innovation and design flexibility, particularly in industries requiring customized solutions, such as medical devices and consumer goods.
Additionally, advancements in hybrid manufacturing techniques, which combine different processes such as molding, injection molding, and extrusion with composite material fabrication, have led to greater versatility in the production of GFRP composites. These hybrid methods allow for improved material properties, faster cycle times, and cost-effective mass production, making composite materials more accessible across various industries. The ongoing development of these technologies also focuses on sustainability, with efforts to reduce energy consumption and material waste, aligning with the growing demand for environmentally friendly production methods.
Restraints
- High production costs
- Limited recycling options for composites
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Technical challenges in material performance - Despite the growing use of Glass Fiber (GF) and Glass Fiber Reinforced Polymer (GFRP) composites in various industries, technical challenges related to material performance remain a key barrier to their widespread adoption. One of the primary challenges is the difficulty in achieving consistent quality and performance across large volumes of composite materials. Variations in the fiber alignment, resin impregnation, and curing processes can lead to inconsistencies in the mechanical properties of GFRP composites, such as strength, stiffness, and durability. This variability can be particularly problematic in critical applications, like aerospace and automotive industries, where high precision and reliability are required.
Another significant challenge is the limited impact resistance of GFRP composites compared to traditional materials like metals. While GFRP materials offer high strength-to-weight ratios, their brittleness and susceptibility to cracking under impact or sudden stress can limit their performance in certain applications. This issue is particularly evident in the automotive and construction sectors, where materials are often exposed to harsh environmental conditions and mechanical stress. Improving the impact resistance of GFRP composites without compromising their lightweight and structural integrity remains a critical focus for researchers and manufacturers.
Additionally, the long-term performance of GFRP composites in challenging environments poses another technical challenge. While these materials are resistant to corrosion, their performance can degrade over time due to factors like UV exposure, moisture absorption, and thermal cycling. This degradation can lead to a reduction in mechanical properties and overall lifespan, which is a concern for industries such as construction, marine, and infrastructure. To address this, ongoing research is focused on developing enhanced resins and protective coatings that can mitigate these environmental effects and improve the longevity and reliability of GFRP materials in real-world conditions.
Opportunities
- Expansion in construction and infrastructure sectors
- Innovations in lightweight, high-strength composites
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Rising focus on sustainability and eco-friendly materials - The rising focus on sustainability and eco-friendly materials has become a driving force in the development of Glass Fiber (GF) and Glass Fiber Reinforced Polymer (GFRP) composites. As industries face increasing pressure to reduce their environmental impact, the demand for sustainable materials has led to significant research into the production of GFRP composites with lower carbon footprints. Manufacturers are exploring the use of recycled glass fibers, bio-based resins, and alternative materials to replace petroleum-based components, reducing both energy consumption and raw material waste. This shift is particularly important as sectors like construction, automotive, and aerospace strive to meet stricter environmental regulations and sustainability goals.
One of the key trends in the push for eco-friendly composites is the development of recyclable GFRP materials. Traditionally, composite materials have been difficult to recycle due to their complex structure, leading to concerns about waste accumulation. However, recent innovations are focused on creating composites that can be easily broken down and reused at the end of their life cycle. Research into reversible or thermoplastic matrix systems, which allow the material to be reprocessed and reused, is making GFRP composites more sustainable. This is a crucial development for industries that rely on composites for high-performance applications but want to reduce their environmental impact in the long run.
Additionally, the growing emphasis on sustainability is driving the demand for GFRP composites in renewable energy applications, particularly in wind energy. The need for lightweight, durable, and corrosion-resistant materials has led to the increased use of GFRP composites in wind turbine blades. These materials contribute to the efficiency and lifespan of renewable energy systems, aligning with the global push toward reducing reliance on fossil fuels and mitigating climate change. As companies and industries continue to prioritize eco-friendly solutions, the development of GFRP composites will play a crucial role in driving the transition to more sustainable and circular economies.
Competitive Landscape Analysis
Key players in Global Ginseng Extracts Market include :
- Korea Ginseng Corp.
- Clariant
- Korean Ginseng Export Corporation
- RFI Ingredients, Inc
- Organika Health Products Inc
- Nature's Way Products
- Orkla Health A/S
- Shanghai FanPharma
- Koshiro Company Limited
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Form
- Market Snapshot, By End User
- Market Snapshot, By Application
- Market Snapshot, By Region
- Ginseng Extracts Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing demand in the automotive and transportation sectors
- Increasing adoption in renewable energy applications (wind energy)
- Advancements in manufacturing technologies
- Restraints
- High production costs
- Limited recycling options for composites
- Technical challenges in material performance
- Opportunities
- Expansion in construction and infrastructure sectors
- Innovations in lightweight, high-strength composites
- Rising focus on sustainability and eco-friendly materials
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Ginseng Extracts Market, By Form, 2021 - 2031 (USD Million)
- Powder
- Capsules
- Liquid
- Ginseng Extracts Market, By End User, 2021 - 2031 (USD Million)
- Pharmacies/Drugstore
- Hypermarket/Supermarket
- Online Retailing
- Health/Beauty Store
- Direct Selling
- Ginseng Extracts Market, By Application, 2021 - 2031 (USD Million)
- Dietary Supplements
- Personal Care
- Pharmaceutical
- Food
- Oral Care
- Ginseng Extracts Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Ginseng Extracts Market, By Form, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Korea Ginseng Corp.
- Clariant
- Korean Ginseng Export Corporation
- RFI Ingredients, Inc
- Organika Health Products Inc
- Nature's Way Products
- Orkla Health A/S
- Shanghai FanPharma
- Koshiro Company Limited
- Company Profiles
- Analyst Views
- Future Outlook of the Market