Ginseng Extracts Market
Ginseng Extracts Market Forecasts to 2032 – Global Analysis By Product Type (Red Ginseng Extract, White Ginseng Extract, Fresh Ginseng Extract, Fermented Ginseng Extract, and Other Product Types), Form, Distribution Channel, Application, and By Geography
According to Stratistics MRC, the Global Ginseng Extracts Market is accounted for $12600.52 million in 2025 and is expected to reach $19452.701 million by 2032 growing at a CAGR of 6.4% during the forecast period. The Ginseng Extracts Market encompasses the worldwide trade and utilization of extracts obtained from ginseng roots, mainly Panax ginseng and Panaxquinquefolius. These extracts are commonly applied in nutraceuticals, functional foods, cosmetics, and medicinal products owing to their reputed benefits, including improved energy, immune support, and stress relief. The market’s expansion is fueled by increasing consumer preference for natural remedies, herbal supplements, and preventive health solutions.
Market Dynamics:
Driver:
Rising demand for herbal and natural supplements
Concerns about chemical additives and long-term side effects are prompting a shift toward plant-based health solutions. Ginseng’s reputation for enhancing immunity, energy, and stress resilience is fuelling its popularity across wellness and nutrition sectors. Post-pandemic health awareness has further amplified interest in traditional botanical ingredients. Clean-label trends and organic certifications are reinforcing consumer trust and driving product innovation. As demand rises, brands are investing in sustainable sourcing and transparent formulations to meet evolving expectations.
Restraint:
Limited availability of quality raw materials
Ginseng cultivation requires specific environmental conditions and long growth cycles, making it vulnerable to climate and soil degradation. Overexploitation and inconsistent farming practices have led to reduced yields and variable potency. Quality control remains a concern, especially for standardized extracts intended for global markets. The absence of robust traceability systems complicates procurement and regulatory compliance. These supply-side constraints hinder scalability and pose risks to consistent product availability.
Opportunity:
Rising popularity of functional foods and beverages
The incorporation of ginseng extracts into functional foods and drinks is opening new growth avenues for manufacturers. Consumers are increasingly drawn to products that combine nutrition with therapeutic benefits. Ginseng-enhanced beverages, snacks, and wellness shots are gaining traction across diverse demographics. Advances in formulation techniques are improving taste profiles and bioavailability, making these products more accessible. Strategic partnerships between supplement companies and food brands are broadening market reach. As health-conscious lifestyles become mainstream, functional formats are expected to drive significant demand for ginseng-based innovations.
Threat:
Competition from synthetic alternatives
Synthetic alternatives that replicate ginseng’s effects are emerging as a competitive threat to the natural extracts. These lab-developed compounds often offer consistent efficacy, lower production costs, and easier scalability. Pharmaceutical and biotech firms are promoting synthetic adaptogens for stress relief and cognitive enhancement, challenging ginseng’s market position. Price-sensitive consumers may opt for these engineered solutions over traditional botanicals. Aggressive marketing and scientific backing of synthetic products are eroding the perceived exclusivity of ginseng. Without clear differentiation and clinical validation, natural extract producers risk losing ground to synthetic competitors.
Covid-19 Impact
The COVID-19 outbreak significantly boosted interest in immunity-enhancing supplements, with ginseng emerging as a top choice. Supply chain disruptions and lockdowns initially slowed production and distribution, causing temporary setbacks. However, the surge in online health product sales helped offset these challenges. Manufacturers adapted by shifting to digital channels and direct-to-consumer models to maintain momentum. Research into ginseng’s antiviral and anti-inflammatory properties gained traction, strengthening its market credibility. Overall, the pandemic accelerated long-term adoption of ginseng extracts as part of preventive health routines.
The red ginseng extract segment is expected to be the largest during the forecast period
The red ginseng extract segment is expected to account for the largest market share during the forecast period, due to its enhanced potency and traditional therapeutic value. The steaming and drying process it undergoes increases its bioactive content and shelf stability. It is widely favoured in premium health supplements and functional beverages for its proven benefits. Consumers recognize its role in boosting energy, immunity, and mental clarity, especially in East Asian cultures. Strong demand from Korea and China continues to support its dominance in both domestic and export markets. As scientific studies reinforce its efficacy, red ginseng remains the most sought-after variant.
The dietary supplements segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the dietary supplements segment is predicted to witness the highest growth rate, driven by rising interest in self-managed wellness. Ginseng capsules, powders, and tablets are becoming staples in daily health routines. The segment benefits from expanding retail networks and personalized nutrition platforms. Innovations in delivery format, such as slow-release and enhanced absorption technologies, are improving consumer experience. Regulatory approvals and clean-label positioning are increasing product credibility and adoption. With growing concerns around stress, fatigue, and immunity, dietary supplements are emerging as the most dynamic application for ginseng extracts.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market shareowing to its deep-rooted cultural use and established production infrastructure. Countries like South Korea and China have long histories of ginseng cultivation and consumption. Rising disposable incomes and government support for herbal medicine are fuelling regional demand. Export capabilities and brand recognition further strengthen Asia Pacific’s global influence. Technological advancements in extraction and processing are enhancing product quality and competitiveness. The region’s leadership is anchored by its role as both a major consumer and supplier of ginseng extracts.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to increasing interest in natural health solutions. Consumers are turning to adaptogenic herbs like ginseng for stress relief, energy, and cognitive support. Influencer-driven marketing and wellness trends are expanding awareness and trial. Regulatory clarity and investment in herbal R&D are enabling innovation and market entry. Functional beverages and clean-label supplements are gaining popularity across diverse consumer segments. As demand for holistic wellness rises, North America is poised to become a key growth engine for ginseng products.
Key players in the market
Some of the key players profiled in the Ginseng Extracts Market includeShanti Natural, Koei Kogyo, RFI Ingredients, LiuyangNaturalin Bio, Orkla Health, Nature’s Way, KGEC, Baoji Herbest Bio-Tech, Herbal Bioactives, Korea Ginseng Corporation, Hangzhou Skyherb, Changsha Huir Biological-Tech, Nino Biotech, Clariant, and Sinochem Pharmaceutical.
Key Developments:
In March2024, Korea Ginseng Corp. US (KGCUS) aka JungKwanJang launched their global representative ginseng product EVERYTIME in a new grapefruit flavor, promoted the Food as Medicine initiative, and introduced their new 2024 marketing slogan ""Rev Your Life"" at NPEW this year. This launch was an aim to encourage everyone to adopt a healthier lifestyle through optimized circulation as a means to address rising wellness trends.
In October 2023, RFI a leading provider of novel whole food solutions for the dietary supplement, functional food and beverage industries has applied its FermaPro® technology to unlock the polyphenol potential of berries. FermaPro® Berries boosts the polyphenol content in berry powders, well beyond what exists in traditional berry powders.
Product Types Covered:
• Red Ginseng Extract
• White Ginseng Extract
• Fresh Ginseng Extract
• Fermented Ginseng Extract
• Other Product Types
Forms Covered:
• Powder
• Liquid
• Capsules/Tablets
• Gummies & RTD Formats
Distribution Channels Covered:
• Online Retail
• Pharmacies & Drugstores
• Supermarkets/Hypermarkets
• Specialty Stores
Applications Covered:
• Pharmaceuticals
• Dietary Supplements
• Food & Beverages
• Cosmetics & Personal Care
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ginseng Extracts Market, By Product Type
5.1 Introduction
5.2 Red Ginseng Extract
5.3 White Ginseng Extract
5.4 Fresh Ginseng Extract
5.5 Fermented Ginseng Extract
5.6 Other Product Types
6 Global Ginseng Extracts Market, By Form
6.1 Introduction
6.2 Powder
6.3 Liquid
6.4 Capsules/Tablets
6.5 Gummies & RTD Formats
7 Global Ginseng Extracts Market, By Distribution Channel
7.1 Introduction
7.2 Online Retail
7.3 Pharmacies & Drugstores
7.4 Supermarkets/Hypermarkets
7.5 Specialty Stores
8 Global Ginseng Extracts Market, By Application
8.1 Introduction
8.2 Pharmaceuticals
8.2.1 Immunomodulators
8.2.2 Cognitive Health
8.2.3 Anti-fatigue & Stress Relief
8.3 Dietary Supplements
8.3.1 Sports Nutrition
8.3.2 General Wellness
8.4 Food & Beverages
8.4.1 Functional Beverages
8.4.2 Confectionery & Snacks
8.5 Cosmetics & Personal Care
8.5.1 Anti-aging Products
8.5.2 Hair Care Formulations
8.5.3 Skin Brightening & Repair
8.6 Other Applications
9 Global Ginseng Extracts Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Shanti Natural
11.2 Koei Kogyo
11.3 RFI Ingredients
11.4 Liuyang Naturalin Bio
11.5 Orkla Health
11.6 Nature’s Way
11.7 KGEC
11.8 Baoji Herbest Bio-Tech
11.9 Herbal Bioactives
11.10 Korea Ginseng Corporation
11.11 Hangzhou Skyherb
11.12 Changsha Huir Biological-Tech
11.13 Nino Biotech
11.14 Clariant
11.15 Sinochem Pharmaceutical
List of Tables
1 Global Ginseng Extracts Market Outlook, By Region (2024-2032) ($MN)
2 Global Ginseng Extracts Market Outlook, By Product Type (2024-2032) ($MN)
3 Global Ginseng Extracts Market Outlook, By Red Ginseng Extract (2024-2032) ($MN)
4 Global Ginseng Extracts Market Outlook, By White Ginseng Extract (2024-2032) ($MN)
5 Global Ginseng Extracts Market Outlook, By Fresh Ginseng Extract (2024-2032) ($MN)
6 Global Ginseng Extracts Market Outlook, By Fermented Ginseng Extract (2024-2032) ($MN)
7 Global Ginseng Extracts Market Outlook, By Other Product Types (2024-2032) ($MN)
8 Global Ginseng Extracts Market Outlook, By Form (2024-2032) ($MN)
9 Global Ginseng Extracts Market Outlook, By Powder (2024-2032) ($MN)
10 Global Ginseng Extracts Market Outlook, By Liquid (2024-2032) ($MN)
11 Global Ginseng Extracts Market Outlook, By Capsules/Tablets (2024-2032) ($MN)
12 Global Ginseng Extracts Market Outlook, By Gummies & RTD Formats (2024-2032) ($MN)
13 Global Ginseng Extracts Market Outlook, By Distribution Channel (2024-2032) ($MN)
14 Global Ginseng Extracts Market Outlook, By Online Retail (2024-2032) ($MN)
15 Global Ginseng Extracts Market Outlook, By Pharmacies & Drugstores (2024-2032) ($MN)
16 Global Ginseng Extracts Market Outlook, By Supermarkets/Hypermarkets (2024-2032) ($MN)
17 Global Ginseng Extracts Market Outlook, By Specialty Stores (2024-2032) ($MN)
18 Global Ginseng Extracts Market Outlook, By Application (2024-2032) ($MN)
19 Global Ginseng Extracts Market Outlook, By Pharmaceuticals (2024-2032) ($MN)
20 Global Ginseng Extracts Market Outlook, By Immunomodulators (2024-2032) ($MN)
21 Global Ginseng Extracts Market Outlook, By Cognitive Health (2024-2032) ($MN)
22 Global Ginseng Extracts Market Outlook, By Anti-fatigue & Stress Relief (2024-2032) ($MN)
23 Global Ginseng Extracts Market Outlook, By Dietary Supplements (2024-2032) ($MN)
24 Global Ginseng Extracts Market Outlook, By Sports Nutrition (2024-2032) ($MN)
25 Global Ginseng Extracts Market Outlook, By General Wellness (2024-2032) ($MN)
26 Global Ginseng Extracts Market Outlook, By Food & Beverages (2024-2032) ($MN)
27 Global Ginseng Extracts Market Outlook, By Functional Beverages (2024-2032) ($MN)
28 Global Ginseng Extracts Market Outlook, By Confectionery & Snacks (2024-2032) ($MN)
29 Global Ginseng Extracts Market Outlook, By Cosmetics & Personal Care (2024-2032) ($MN)
30 Global Ginseng Extracts Market Outlook, By Anti-aging Products (2024-2032) ($MN)
31 Global Ginseng Extracts Market Outlook, By Hair Care Formulations (2024-2032) ($MN)
32 Global Ginseng Extracts Market Outlook, By Skin Brightening & Repair (2024-2032) ($MN)
33 Global Ginseng Extracts Market Outlook, By Other Applications (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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