Global Ginseng Extract Market Growth 2023-2029

Global Ginseng Extract Market Growth 2023-2029

Ginseng is a plant characterized by a fleshy root and a single stalk with green oval-shaped leaves. It is a perennial plant that can live more than a century. Ginseng is typically derived from the root of this plant. As an herbal supplement, the extract has long been prized for its reputation of having anti-inflammatory, anti-cancer, and antioxidant properties. It is also used in the homeopathic treatment of conditions, including depression, stress, low libido, and Attention Deficit Hyperactivity Disorder (ADHD).

Studies have shown that Ginseng can improve balance, help prevent diabetes, cure anemia, and strengthen the gastrointestinal system. Research in Asia has also shown that it can benefit people who have coughs, asthma, and tuberculosis. Both the physical and mental effects of stress have been improved with the use of ginseng. It was even found to decrease the effects of alcohol intake and subsequent hangovers.

Ginseng is a common ingredient in energy drinks, ginseng tea, and diet aids. Other related products include chewing gum, candy, deodorant, and hair gel. Products that contain Siberian ginseng, also called eleuthero, may be misleading as this particular herb is technically a different plant. Although the benefits of Siberian Ginseng are similar to that of ginseng, the plant has a woody root that is unlike the fleshy root of a true ginseng species.

This report mainly focus on Ginseng Extract Product.

LPI (LP Information)' newest research report, the “Ginseng Extract Industry Forecast” looks at past sales and reviews total world Ginseng Extract sales in 2022, providing a comprehensive analysis by region and market sector of projected Ginseng Extract sales for 2023 through 2029. With Ginseng Extract sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ginseng Extract industry.

This Insight Report provides a comprehensive analysis of the global Ginseng Extract landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ginseng Extract portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ginseng Extract market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ginseng Extract and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ginseng Extract.

The global Ginseng Extract market size is projected to grow from US$ 35 million in 2022 to US$ 43 million in 2029; it is expected to grow at a CAGR of 43 from 2023 to 2029.

In the European market, Major producers include Boots, Orkla Health, Pharmaton, Allcura Naturheilmittel GmbH, Ginsana, Nature Essential, Oxford Vitality, Ortis, Vitastore, Elemis, Molinari and Erborian.

This report presents a comprehensive overview, market shares, and growth opportunities of Ginseng Extract market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Capsule

Tablet

Powder

Others

Segmentation by application

Pharma & Healthcare

Cosmetic & Skin Care

Food & Feed 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.

Boots

Orkla Health

Pharmaton

Allcura Naturheilmittel GmbH

Ginsana

NATURE ESSENTIAL

Oxford Vitality

Ortis

Vitastore

Elemis

Molinari

Erborian

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ginseng Extract market?

What factors are driving Ginseng Extract market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ginseng Extract market opportunities vary by end market size?

How does Ginseng Extract break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.