The global Ginseng market size was valued at US$ 6698.5 million in 2023. With growing demand in downstream market, the Ginseng is forecast to a readjusted size of US$ 13050 million by 2030 with a CAGR of 10.0% during review period.
The research report highlights the growth potential of the global Ginseng market. Ginseng are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Ginseng. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Ginseng market.
Ginseng is the root of plants in the genus Panax, such as Korean ginseng (P. ginseng), South China ginseng (P. notoginseng), and American ginseng (P. quinquefolius), characterized by the presence of ginsenosides and gintonin. Ginseng is common in the cuisines and medicines of China and Korea.
Ginseng has been used in traditional medicine over centuries, though modern clinical research is inconclusive about its medical effectiveness. There is no substantial evidence that ginseng is effective for treating any medical condition and it has not been approved by the US Food and Drug Administration (FDA) as a prescription drug. Although ginseng is sold as a dietary supplement, inconsistent manufacturing practices for supplements have led to analyses of some ginseng products contaminated with toxic metals or unrelated filler compounds, and its excessive use may have adverse effects or untoward interactions with prescription drugs.
Key Features:
The report on Ginseng market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Ginseng market. It may include historical data, market segmentation by Type (e.g., Korean Ginseng, American Ginseng), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Ginseng market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Ginseng market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Ginseng industry. This include advancements in Ginseng technology, Ginseng new entrants, Ginseng new investment, and other innovations that are shaping the future of Ginseng.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Ginseng market. It includes factors influencing customer ' purchasing decisions, preferences for Ginseng product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Ginseng market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Ginseng market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Ginseng market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Ginseng industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Ginseng market.
Market Segmentation:
Ginseng market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Korean Ginseng
American Ginseng
Brazilian Ginseng
Siberian Ginseng
Indian Ginseng
China Ginseng
Segmentation by application
Pharma & Healthcare
Cosmetic & Skin Care
Food Additives
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
KGEC
Korea Ginseng Corp
HiYoU
The Boots Company
Starwest Botanicals
RFI Ingredients
Elemis
Jilin Zixin Pharmaceutical Industrial
Great Mountain Ginseng
Hain Celestial
BAYLIS & HARDING
Amway
Ethical Naturals
Glanbia
Kefiplant
Naka Focus
Key Questions Addressed in this Report
What is the 10-year outlook for the global Ginseng market?
What factors are driving Ginseng market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ginseng market opportunities vary by end market size?
How does Ginseng break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Ginseng Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Ginseng by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Ginseng by Country/Region, 2019, 2023 & 2030
2.2 Ginseng Segment by Type
2.2.1 Korean Ginseng
2.2.2 American Ginseng
2.2.3 Brazilian Ginseng
2.2.4 Siberian Ginseng
2.2.5 Indian Ginseng
2.2.6 China Ginseng
2.3 Ginseng Sales by Type
2.3.1 Global Ginseng Sales Market Share by Type (2019-2024)
2.3.2 Global Ginseng Revenue and Market Share by Type (2019-2024)
2.3.3 Global Ginseng Sale Price by Type (2019-2024)
2.4 Ginseng Segment by Application
2.4.1 Pharma & Healthcare
2.4.2 Cosmetic & Skin Care
2.4.3 Food Additives
2.4.4 Others
2.5 Ginseng Sales by Application
2.5.1 Global Ginseng Sale Market Share by Application (2019-2024)
2.5.2 Global Ginseng Revenue and Market Share by Application (2019-2024)
2.5.3 Global Ginseng Sale Price by Application (2019-2024)
3 Global Ginseng by Company
3.1 Global Ginseng Breakdown Data by Company
3.1.1 Global Ginseng Annual Sales by Company (2019-2024)
3.1.2 Global Ginseng Sales Market Share by Company (2019-2024)
3.2 Global Ginseng Annual Revenue by Company (2019-2024)
3.2.1 Global Ginseng Revenue by Company (2019-2024)
3.2.2 Global Ginseng Revenue Market Share by Company (2019-2024)
3.3 Global Ginseng Sale Price by Company
3.4 Key Manufacturers Ginseng Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Ginseng Product Location Distribution
3.4.2 Players Ginseng Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Ginseng by Geographic Region
4.1 World Historic Ginseng Market Size by Geographic Region (2019-2024)
4.1.1 Global Ginseng Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Ginseng Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Ginseng Market Size by Country/Region (2019-2024)
4.2.1 Global Ginseng Annual Sales by Country/Region (2019-2024)
4.2.2 Global Ginseng Annual Revenue by Country/Region (2019-2024)
4.3 Americas Ginseng Sales Growth
4.4 APAC Ginseng Sales Growth
4.5 Europe Ginseng Sales Growth
4.6 Middle East & Africa Ginseng Sales Growth
5 Americas
5.1 Americas Ginseng Sales by Country
5.1.1 Americas Ginseng Sales by Country (2019-2024)
5.1.2 Americas Ginseng Revenue by Country (2019-2024)
5.2 Americas Ginseng Sales by Type
5.3 Americas Ginseng Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Ginseng Sales by Region
6.1.1 APAC Ginseng Sales by Region (2019-2024)
6.1.2 APAC Ginseng Revenue by Region (2019-2024)
6.2 APAC Ginseng Sales by Type
6.3 APAC Ginseng Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Ginseng by Country
7.1.1 Europe Ginseng Sales by Country (2019-2024)
7.1.2 Europe Ginseng Revenue by Country (2019-2024)
7.2 Europe Ginseng Sales by Type
7.3 Europe Ginseng Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Ginseng by Country
8.1.1 Middle East & Africa Ginseng Sales by Country (2019-2024)
8.1.2 Middle East & Africa Ginseng Revenue by Country (2019-2024)
8.2 Middle East & Africa Ginseng Sales by Type
8.3 Middle East & Africa Ginseng Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Ginseng
10.3 Manufacturing Process Analysis of Ginseng
10.4 Industry Chain Structure of Ginseng
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Ginseng Distributors
11.3 Ginseng Customer
12 World Forecast Review for Ginseng by Geographic Region
12.1 Global Ginseng Market Size Forecast by Region
12.1.1 Global Ginseng Forecast by Region (2025-2030)
12.1.2 Global Ginseng Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Ginseng Forecast by Type
12.7 Global Ginseng Forecast by Application
13 Key Players Analysis
13.1 KGEC
13.1.1 KGEC Company Information
13.1.2 KGEC Ginseng Product Portfolios and Specifications
13.1.3 KGEC Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 KGEC Main Business Overview
13.1.5 KGEC Latest Developments
13.2 Korea Ginseng Corp
13.2.1 Korea Ginseng Corp Company Information
13.2.2 Korea Ginseng Corp Ginseng Product Portfolios and Specifications
13.2.3 Korea Ginseng Corp Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Korea Ginseng Corp Main Business Overview
13.2.5 Korea Ginseng Corp Latest Developments
13.3 HiYoU
13.3.1 HiYoU Company Information
13.3.2 HiYoU Ginseng Product Portfolios and Specifications
13.3.3 HiYoU Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 HiYoU Main Business Overview
13.3.5 HiYoU Latest Developments
13.4 The Boots Company
13.4.1 The Boots Company Company Information
13.4.2 The Boots Company Ginseng Product Portfolios and Specifications
13.4.3 The Boots Company Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 The Boots Company Main Business Overview
13.4.5 The Boots Company Latest Developments
13.5 Starwest Botanicals
13.5.1 Starwest Botanicals Company Information
13.5.2 Starwest Botanicals Ginseng Product Portfolios and Specifications
13.5.3 Starwest Botanicals Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Starwest Botanicals Main Business Overview
13.5.5 Starwest Botanicals Latest Developments
13.6 RFI Ingredients
13.6.1 RFI Ingredients Company Information
13.6.2 RFI Ingredients Ginseng Product Portfolios and Specifications
13.6.3 RFI Ingredients Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 RFI Ingredients Main Business Overview
13.6.5 RFI Ingredients Latest Developments
13.7 Elemis
13.7.1 Elemis Company Information
13.7.2 Elemis Ginseng Product Portfolios and Specifications
13.7.3 Elemis Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Elemis Main Business Overview
13.7.5 Elemis Latest Developments
13.8 Jilin Zixin Pharmaceutical Industrial
13.8.1 Jilin Zixin Pharmaceutical Industrial Company Information
13.8.2 Jilin Zixin Pharmaceutical Industrial Ginseng Product Portfolios and Specifications
13.8.3 Jilin Zixin Pharmaceutical Industrial Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Jilin Zixin Pharmaceutical Industrial Main Business Overview
13.8.5 Jilin Zixin Pharmaceutical Industrial Latest Developments
13.9 Great Mountain Ginseng
13.9.1 Great Mountain Ginseng Company Information
13.9.2 Great Mountain Ginseng Ginseng Product Portfolios and Specifications
13.9.3 Great Mountain Ginseng Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Great Mountain Ginseng Main Business Overview
13.9.5 Great Mountain Ginseng Latest Developments
13.10 Hain Celestial
13.10.1 Hain Celestial Company Information
13.10.2 Hain Celestial Ginseng Product Portfolios and Specifications
13.10.3 Hain Celestial Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Hain Celestial Main Business Overview
13.10.5 Hain Celestial Latest Developments
13.11 BAYLIS & HARDING
13.11.1 BAYLIS & HARDING Company Information
13.11.2 BAYLIS & HARDING Ginseng Product Portfolios and Specifications
13.11.3 BAYLIS & HARDING Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 BAYLIS & HARDING Main Business Overview
13.11.5 BAYLIS & HARDING Latest Developments
13.12 Amway
13.12.1 Amway Company Information
13.12.2 Amway Ginseng Product Portfolios and Specifications
13.12.3 Amway Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Amway Main Business Overview
13.12.5 Amway Latest Developments
13.13 Ethical Naturals
13.13.1 Ethical Naturals Company Information
13.13.2 Ethical Naturals Ginseng Product Portfolios and Specifications
13.13.3 Ethical Naturals Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Ethical Naturals Main Business Overview
13.13.5 Ethical Naturals Latest Developments
13.14 Glanbia
13.14.1 Glanbia Company Information
13.14.2 Glanbia Ginseng Product Portfolios and Specifications
13.14.3 Glanbia Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Glanbia Main Business Overview
13.14.5 Glanbia Latest Developments
13.15 Kefiplant
13.15.1 Kefiplant Company Information
13.15.2 Kefiplant Ginseng Product Portfolios and Specifications
13.15.3 Kefiplant Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Kefiplant Main Business Overview
13.15.5 Kefiplant Latest Developments
13.16 Naka Focus
13.16.1 Naka Focus Company Information
13.16.2 Naka Focus Ginseng Product Portfolios and Specifications
13.16.3 Naka Focus Ginseng Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Naka Focus Main Business Overview
13.16.5 Naka Focus Latest Developments
14 Research Findings and Conclusion
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*If Applicable.