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.
NEWARK, DE / ACCESSWIRE / August 16, 2024 / The global ginseng extracts market value is set to witness growth at a CAGR of 4.4% and top a valuation of USD 18,146.7 Million by 2034. Ginseng being a herbal supplement, is used to make functional foods with the extract of its root containing active elements called ginsenosides. The product thus naturally has anti-inflammatory and antioxidants qualities, which helps in improving brain function, strengthening immune system of the body, improving erectile dysfunction, and fighting lethargy.
Further, the product can be used to treat different types of cancer, as well as the treatment of swine flu, anemia, diabetes, gastritis, asthma, and fever. Whereas Panax ginseng extracts is a great deal for the intestinal tract, but the efficacy and quality may vary as per the bioavailability, and the form in which the product is consumed, because when consumed orally, ginsenosides are hard to break down with liver enzymes or gastric juices alone.
However, when the product reaches in the intestine, it is fermented into metabolites inside the colon with the help of gut microflora which are more bioavailable, thus improving energy levels and balancing the metabolism process of the body. As a result, improving digestive system due to the medicinal properties of the product is driving the ginseng extracts market forward as a supplement to the food and beverage industry.
Key Takeaways from Market Study
The ginseng extracts market is worth of USD 11,842.6 Mn sales in 2024.
The ginseng extracts market is expected to expand at CAGRs of 4.4% through 2034.
Global ginseng extracts demand is projected to grow year-on-year (Y-o-Y) growth of 7.3% in 2024.
The ginseng extracts market is growing with a notable boost towards the production to reach USD 18,146.7 Mn by 2034.
Innovative applications, research formulations, and medicinal properties are the factors driving growth of Ginseng Extracts market to be the influencing factors among consumers, which is driving sales of ginseng extracts across global markets.
Demand for ginseng extracts grew at 4.6% CAGR between 2019 and 2023.
Korea Ginseng Corp., Clariant, Korean Ginseng Export Corporation, RFI Ingredients, Inc, and Ilhwa Co., Ltd. are expected to be the top players in the industry.
Siberian ginseng type with capsule form segment of ginseng extracts are in heavy demand from beverage industry carrying a notable market share.
"Ginseng extract induces the functional properties in food products, such as anti-oxidative, anti-obesity, anti-stress, anti-inflammatory, anti-viral, and even anti-cancer properties, which is likely to drive consumption of the product as an additive in the food and beverage industry with growing demand for functional foods, where key industry players are continuously seeking natural ingredients for healthy foods segments, which is likely to provide new market avenues for ginseng extracts," says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Country-wise Insights: Growing Demand for Ginseng Extracts Across Global Markets
Rising Popularity of Ginseng Extracts in China Due to Antioxidant Benefits
Ginseng extracts have been a cornerstone of Chinese medicine for centuries, primarily due to their potent antioxidant properties. These antioxidants play a crucial role in neutralizing free radicals and enhancing the body's immune defense. Research indicates that ginseng extracts possess significant antioxidant levels, potentially even combating cancer, which is fueling their increased consumption in China.
American Ginseng: An Adaptogen Driving Demand in the USA
American ginseng, or Panax quinquefolius, is a medicinal herb native to the USA. Despite its growing rarity due to high demand, this herb remains highly sought after for its adaptogenic properties. It helps the body manage stress-whether environmental, physical, or emotional. Additionally, American ginseng contains ginsenosides, which contribute to lowering blood sugar and influencing insulin levels. Consequently, American consumers use ginseng to boost immunity, manage stress, address upper respiratory infections, and support diabetes treatment, driving the industry's growth in the USA.
Korean Red Ginseng: Boosting Production and Demand
Korean red ginseng, also known as Asian ginseng or Panax ginseng, is renowned for its ability to reduce inflammation and protect against oxidative damage to the brain. Clinical studies have demonstrated that Korean red ginseng can improve erectile dysfunction symptoms by 60%, compared to only 30% with conventional medications. Manufacturers like Korea Ginseng Corp., with over 120 years of expertise, are advancing the industry through rigorous quality control and traditional craftsmanship, significantly boosting production and market demand for Korean red ginseng.
Competitive Landscape
Key ginseng extracts brands are looking for new strategic partnerships to develop the applications in food and beverage industry, as well as cosmetics and personal care industry, while core business brands are focusing on supplying nutritional and high quality solutions to customers consuming ginseng extracts with several product innovations.
For instance
February 2024, Ginsa brands officially launched ginsa, the first-to-industry sparkling ginseng tonic centered around Korean red ginseng, an antioxidant-rich root celebrated for its ability to increase energy, enhance immunity, fight inflammation and improve focus.
February 2024, South Korean cosmetics startup FM Biohealth Co. launched a new skincare product that contains ginseng fruit extracts as an active substance.
Leading Ginseng Extracts Brands
Korea Ginseng Corp.
Clariant
Korean Ginseng Export Corporation
RFI Ingredients, Inc
Ilhwa Co., Ltd.
Organika Health Products Inc
Nature's Way Products, LLC
Orkla Health A/S
Shanghai FanPharma Co., Ltd.
Koshiro Company Limited
Others
Access the Full Report on Ginseng Extracts Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/ginseng-extracts-market
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Ginseng Extracts market, presenting historical data (2019-2023) and estimation statistics for the forecast period of 2024-2034.
The study offers compelling insights based on product type (American ginseng, oriental ginseng, Siberian ginseng, Asian ginseng, and others), form (powder, liquid, tablet, capsule, gel, and others), and application (food & beverages, nutraceuticals & dietary supplements, pharmaceutical, cosmetics & personal care, and others), across seven major regions of the world.
Browse Old Report Links:
Rising Demand for Global Ginseng Extracts Market
Ginseng Extracts Market Set For Notable Growth to 2032 | Future Market Insights Inc.
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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