Ginseng Extract Market Outlook
Ginseng extract is derived from the root of the ginseng plant, which is dried and processed to obtain the herb. It is a rich source of antioxidants, salicylic acid, vanillic acid, p-coumaric acid, flavonoids, essential oils, vitamins, and ferulic acid.
Ginseng extract is commonly used as a healthy substitute to improve overall health, strengthen the immune system, and reduce stress levels. As a result, it finds extensive application in the pharmaceutical, cosmetic, dietary supplement, and food and beverage (F&B) industries.
What is the expected growth rate of the global ginseng extract market during 2022-2027?
The global ginseng extract market is expected to exhibit a CAGR of 6.61% during 2022-2027. Looking forward, IMARC Group expects the ginseng extract market to exhibit moderate growth during 2022-2027.
What are the key factors driving the global ginseng extract market?
The increasing awareness regarding the health benefits of ginseng extract is one of the primary factors driving the growth of the market. Ginseng is widely used due to its anti-inflammatory, anti-cancer, and antioxidant properties, which can help lower blood sugar levels, reduce inflammation, and minimize the risks of cancer.
Additionally, the extensive utilization of microencapsulation, polymer coating, and flavor solutions to enhance the unpleasant taste of ginseng extract is providing an impetus to market growth.
Other factors, including rising product utilization for manufacturing dietary supplements, the increasing use of ginseng extract in the preparation of refreshing drinks, and the widespread adoption of the herb to produce natural skincare and personal care products, are supporting market growth.
Who are the key players/companies in the ginseng extract market ?
The competitive landscape of the industry has also been examined along with the profiles of the key players:
- Baoji Herbest Bio-Tech
- Changsha Huir Biological-Tech
- Clariant AG
- Hangzhou Skyherb
- KGEC
- Koei Kogyo
- Naturalin Bio-Resources Co. Ltd.
- Nino Biotech
- Orkla Health
- RFI ingredient
- Shanti Natural
- Sinochem Pharmaceutical.
What is the breakup of the global ginseng extract market based on?
The report has categorized the market based on form, application and region.
Breakup by Form:
- Powder
- Liquid
Based on Application:
- Cosmetics and Personal Care
- Pharmaceuticals
- Dietary Supplements
- Food and Beverages
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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