IMARC Group, a leading market research company, has recently released a report titled "Ginseng Extract Market Report by Form (Powder, Liquid), Application (Cosmetics and Personal Care, Pharmaceuticals, Dietary Supplements, Food and Beverages), and Region 2025-2033", The study provides a detailed analysis of the industry, including the global ginseng extract market share, size, growth, trends, and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Ginseng Extract Market Overview

The global ginseng extract market size reached USD 9.3 Billion in 2024 and is projected to reach USD 15.8 Billion by 2033, growing at a CAGR of 5.59% during the forecast period 2025-2033. This growth is driven by increasing prevalence of chronic diseases such as diabetes and cardiovascular illnesses, a rising focus on health and wellness, expanding cosmetics industry, and greater demand for dietary supplements.

Study Assumption Years

  • Base Year: 2024
  • Historical Year/Period: 2019-2024
  • Forecast Year/Period: 2025-2033

Ginseng Extract Market Key Takeaways

  • Current Market Size: USD 9.3 Billion in 2024
  • CAGR: 5.59%
  • Forecast Period: 2025-2033
  • The market growth is stimulated by the rising use of natural remedies and increased consumption of ginseng extract for stress relief.
  • Technological advancements include efficient extraction processes and improved packaging that extend product shelf life.
  • Pharmaceuticals dominate market applications due to immune support and cognitive enhancement benefits.
  • Asia Pacific leads the market, driven by skincare product use and native cultivation of ginseng.
  • North America is growing rapidly, supported by rising consumption of dietary supplements.

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Market Growth Factors

The ginseng extract market is expanding primarily due to a global surge in health and wellness awareness. Consumers increasingly seek natural solutions known for boosting immunity, improving cognitive functions, and combating fatigue. These adaptogenic properties of ginseng align with the holistic health trend, and the growing preference for natural remedies supports sustained market growth.

Chronic diseases like diabetes, cardiovascular disorders, arthritis, and obesity are becoming more prevalent worldwide, driving demand for ginseng extracts. These extracts contain bioactive compounds that help manage blood sugar levels, reduce inflammation, support heart health by lowering blood pressure and cholesterol, and aid weight management by boosting metabolism and reducing appetite.

The increasing use of ginseng in dietary supplements also fuels market expansion. Consumers favor ginseng for its energy-boosting, stress-relieving, and fatigue-alleviating effects. Supplements containing ginseng extracts are positioned to enhance immune strength, stamina, mental alertness, and sleep quality, making them highly sought after in today’s wellness-focused market.

Market Segmentation

Breakup by Form:

  • Powder: The largest segment. Powdered ginseng is versatile, used in dietary supplements, herbal teas, and traditional medicine. Preferred for convenience and longer shelf life compared to liquids.
  • Liquid: Known for rapid absorption, used in tinctures, tonics, and energy drinks. Favored for immediate energy or stress relief and concentrated dosing.

Breakup by Application:

  • Cosmetics and Personal Care: Employed in skincare products like serums and creams for antioxidant effects, collagen production, and skin rejuvenation.
  • Pharmaceuticals: Largest segment. Used for immune support, cognitive enhancement, and stress reduction in capsules, tablets, and syrups.
  • Dietary Supplements: Used to boost energy and vitality, offering natural alternatives for health concerns. Available in capsules, tablets, and powders.
  • Food and Beverages: Included in traditional dishes, energy drinks, and functional beverages as a natural flavor and health enhancer.

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific leads the ginseng extract market, holding the largest share due to the region being the native habitat of Panax ginseng. Countries such as South Korea, China, and Japan cultivate ginseng extensively, driven by optimal climate and soil conditions and rising demand for skincare and dietary products. North America is a fast-growing market powered by increasing awareness of ginseng’s health benefits and cultivation of native species like Panax quinquefolius.

Recent Developments & News

On November 24, 2020, Clariant AG launched "RetroFuture," a set of three skincare products incorporating traditional herbal ingredients, including ginseng extract. The nourishing hand mask uses Clariant’s ginseng extract to provide skin protection from UV damage, combining concentrated plant-derived molecules with minimal environmental depletion.

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

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