Ginseng Extract Market

Global Ginseng Extract Market

- Size, Trend, Share, Opportunity Analysis, and Forecast, 2015-2026

  • Date Healthcare
  • Date October 2018
  • price $3995
 
 

Ginseng Extract Market Overview:

The global ginseng extract market accounted for $2,715 million in 2017 and is expected to reach $5,085 million by 2026, registering a CAGR of 7.2% from 2018 to 2026.

Ginseng is a slow-growing, perennial, herbaceous plant that is primarily grown for its highly valued root that is the source of vitalizing and stimulating agents. It is one of the most widely used herbs in the world. The roots of the herb contain valuable pharmaceutically-active components, which include ginsenosides, polyacetylenes, polyphenolic compounds, and acidic polysaccharides. Ginsenosides are the active chemical components found in ginseng. These are responsible for the clinical effects of the herb. Ginseng features several valuable nonsaponin components, which includes essential oils, antioxidants, polyacetylenic alcohols, peptides, amino acids, polysaccharides, and vitamins. Further, ginseng can be cultivated under specific climate and soil conditions owing to its growth characteristics. It is chiefly cultivated in countries such as South Korea, China, U.S., and Canada. Ginseng has several medicinal properties, and therefore is widely used in various fields such as agricultural products, food & dietary supplements, health supplements, and pharmaceuticals, cosmetics, and others. In addition, ginseng is classified as fresh ginseng (raw ginseng), white ginseng (dried after peeling), and red ginseng (steamed and dried) depending on the way it is processed. It is mainly consumed in the form of capsules, tablets, and powder. It is known to boost the stamina and vitality. Thus, it can be consumed by the younger as well as elderly population.

Ginseng as also offers anti-stress benefits, cognition enhancement, anti-wrinkle effect, androgenic alopecia, gastroprotective effect, immunity enhancement, anti-diabetic effect, efficacy in erectile dysfunction, antioxidant, as well as helps in cancer prevention. It is also reported to stimulate physical and mental activity in people suffering from prolonged weakness and fatigue. Moreover, beyond its health-improving and self-healing properties, the pharmacological activities of ginseng offer a broad range of therapeutic benefits for the treatment of various diseases such as cancer, diabetes, cardiovascular diseases, and others. In addition, ginseng finds its wide application in the field of cosmetics & skin care, health food, beverages, and others. The chemical components present in ginseng root has various beneficial effects on the skin and is thereby, widely being used in various cosmetic products such as skin toner, day cream, night cream, and facial mask. In addition, ginseng roots are used since many years by Chinese and Korean population as a stimulant, dietary supplement, and health food. At present, it is being used across developed economies, which include the UK and the U.S. as an energy stimulant. In the U.S., ginseng is being used as a nutraceutical and its roots are sold directly as an herbal remedy. It is extracted for its usage in dietary supplements. For instance, Amway, an American based company, manufactures "Nutralite", an herbal supplement that uses ginseng as an energy booster.

The market outlook of ginseng extract exhibits a remarkable growth over the years, owing to its increased use in pharmaceuticals and dietary supplements. Surge in health-conscious population and easier availability of ginseng products owing to easy accessibility over the internet and growth in number of retail outlets stockings supplements drive the market trend. Moreover, increase in awareness among geriatric population toward the usage of dietary supplements accompanied with rise in awareness among consumers toward the usage of herbs offer profitable insights for the market players. In addition, increased prevalence of chronic diseases such as cancer, cardiovascular diseases, diabetes & others and rise in use of ginseng in therapeutics to combat various diseases drive the market growth. However, factors such as presence of other alternatives and side effects associated with the consumption of ginseng including high blood pressure and imbalance of hormones are anticipated to hamper the market growth. On the contrary, government initiatives to expand the ginseng market is expected to create lucrative opportunities for the growth of the market in the near future. For instance, government of Canada, announced in 2017, an investment of $420,000 to the Ontario Ginseng Growers Association (OGGA) to help promote and increase the visibility & demand for Canadian ginseng in current and emerging markets. Demand for Ontario-grown ginseng is on the rise throughout Asia and thus, the government of Canada focuses on new markets for agri-food exports.

The global ginseng extract market is classified into dosage form, application, end user, and region. Based on dosage form, it is divided into capsule, tablet, powder, and others. Based on application, it is segmented into dietary supplement, cosmetic & personal care, and pharmaceutical. Based on end user, it is characterized into online retailers, pharmacy, and others. Based on region, it is analyzed across the North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the ginseng extract market include Amway, Elemis Ltd, Inovital, RFI Ingredients, Starwest Botanicals, Korean Ginseng Export Corporation, Nature Essential, Allcura Naturheilmittel GmbH, Oxford Vitality, and Ginasana.

KEY TAKEAWAYS

MARKET LANDSCAPE

By Dosage Form

  • Capsule
  • Tablet
  • Powder
  • Others

By Application

  • Dietary Supplement
  • Cosmetic & Personal Care
  • Pharmaceutical

By End User

  • Online Retailers
  • Pharmacy
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Rest of LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

SECTION 1EXECUTIVE SUMMARY
1.1. KEY FINDINGS
1.2. MARKET ATTRACTIVENESS AND TREND ANALYSIS
1.3. COMPETITIVE LANDSCAPE AND RECENT INDUSTRY DEVELOPMENT ANALYSIS
SECTION 2INTRODUCTION
2.1. REPORT DESCRIPTION
2.2. SCOPE AND DEFINITIONS
2.3. RESEARCH METHODOLOGY
SECTION 3MARKET LANDSCAPE
3.1. GROWTH DRIVERS
3.1.1.Impact Analysis
3.2. RESTRAINS AND CHALLENGES
3.2.1.Impact Analysis
3.3. PORTERS ANALYSIS
3.3.1.Bargaining power of buyers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of substitutes
3.3.4.Industry rivalry
3.3.5.Threat of new entrants
3.4. GLOBAL GINSENG EXTRACT TECHNOLOGIES MARKET SHARES ANALYSIS, 2015-2026
3.4.1.Global ginseng extract technologies market share by dosage form, 2015-2026
3.4.2.Global ginseng extract technologies market share by application, 2015-2026
3.4.3.Global ginseng extract technologies market share by end users, 2015-2026
3.4.4.Global ginseng extract technologies market share by geography, 2015-2026
SECTION 4GINSENG EXTRACT MARKET BY DOSAGE FORM
4.1.  CAPSULE
4.1.1.  Historical Market Size by Region, 2015-2017
4.1.2.  Market Forecast by Region, 2018-2026
4.2.  TABLET
4.2.1.  Historical Market Size by Region, 2015-2017
4.2.2.  Market Forecast by Region, 2018-2026
4.3.  POWDER
4.3.1.  Historical Market Size by Region, 2015-2017
4.3.2.  Market Forecast by Region, 2018-2026
4.4.  OTHERS
4.4.1.  Historical Market Size by Region, 2015-2017
4.4.2.  Market Forecast by Region, 2018-2026
SECTION 5GINSENG EXTRACT MARKET BY APPLICATION
5.1.  DIETARY SUPPLEMENTS
5.1.1.  Historical Market Size by Region, 2015-2017
5.1.2.  Market Forecast by Region, 2018-2026
5.2.  COSMETIC AND PERSONAL CARE
5.2.1.  Historical Market Size by Region, 2015-2017
5.2.2.  Market Forecast by Region, 2018-2026
5.3.  PHARMACEUTICALS
5.3.1.  Historical Market Size by Region, 2015-2017
5.3.2.  Market Forecast by Region, 2018-2026
SECTION 6GINSENG EXTRACT MARKET BY END USERS
6.1.  PHARMACIES
6.1.1.  Historical Market Size by Region, 2015-2017
6.1.2.  Market Forecast by Region, 2018-2026
6.2.  ONLINE RETAILERS
6.2.1.  Historical Market Size by Region, 2015-2017
6.2.2.  Market Forecast by Region, 2018-2026
6.3.  OTHERS
6.3.1.  Historical Market Size by Region, 2015-2017
6.3.2.  Market Forecast by Region, 2018-2026
SECTION 7GINSENG EXTRACT MARKET BY GEOGRAPHY
7.1.  NORTH AMERICA
7.1.1.  U.S.
7.1.1.1.  Historical Market Size, 2015-2017
7.1.1.2.  Market Forecast, 2018-2026
7.1.2.  Canada
7.1.2.1.  Historical Market Size, 2015-2017
7.1.2.2.  Market Forecast, 2018-2026
7.1.3.  Mexico
7.1.3.1.  Historical Market Size, 2015-2017
7.1.3.2.  Market Forecast, 2018-2026
7.2.  EUROPE
7.2.1.  UK
7.2.1.1.  Historical Market Size, 2015-2017
7.2.1.2.  Market Forecast, 2018-2026
7.2.2.  Germany
7.2.2.1.  Historical Market Size, 2015-2017
7.2.2.2.  Market Forecast, 2018-2026
7.2.3.  France
7.2.3.1.  Historical Market Size, 2015-2017
7.2.3.2.  Market Forecast, 2018-2026
7.2.4.  Italy
7.2.4.1.  Historical Market Size, 2015-2017
7.2.4.2.  Market Forecast, 2018-2026
7.2.5.  Spain
7.2.5.1.  Historical Market Size, 2015-2017
7.2.5.2.  Market Forecast, 2018-2026
7.2.6.  Rest of Europe
7.2.6.1.  Historical Market Size, 2015-2017
7.2.6.2.  Market Forecast, 2018-2026
7.3.  ASIA PACIFIC
7.3.1.  China
7.3.1.1.  Historical Market Size, 2015-2017
7.3.1.2.  Market Forecast, 2018-2026
7.3.2.  Japan
7.3.2.1.  Historical Market Size, 2015-2017
7.3.2.2.  Market Forecast, 2018-2026
7.3.3.  India
7.3.3.1.  Historical Market Size, 2015-2017
7.3.3.2.  Market Forecast, 2018-2026
7.3.4.  Australia
7.3.4.1.  Historical Market Size, 2015-2017
7.3.4.2.  Market Forecast, 2018-2026
7.3.5.  South Korea
7.3.5.1.  Historical Market Size, 2015-2017
7.3.5.2.  Market Forecast, 2018-2026
7.3.6.  Rest of Asia Pacific
7.3.6.1.  Historical Market Size, 2015-2017
7.3.6.2.  Market Forecast, 2018-2026
7.4.  LAMEA
7.4.1.  Brazil
7.4.1.1.  Historical Market Size, 2015-2017
7.4.1.2.  Market Forecast, 2018-2026
7.4.2.  South Africa
7.4.2.1.  Historical Market Size, 2015-2017
7.4.2.2.  Market Forecast, 2018-2026
7.4.3.  Saudi Arabia
7.4.3.1.  Historical Market Size, 2015-2017
7.4.3.2.  Market Forecast, 2018-2026
7.4.4.  Rest of LAMEA
7.4.4.1.  Historical Market Size, 2015-2017
7.4.4.2.  Market Forecast, 2018-2026
SECTION 8COMPANY PROFILES
8.1.  AMWAY
8.1.1.  Overview
8.1.2.  Financials and business segments
8.1.3.  Recent Developments
8.2.  ELEMIS LTD
8.2.1.  Overview
8.2.2.  Financials and business segments
8.2.3.  Recent Developments
8.3.  INOVITAL
8.3.1.  Overview
8.3.2.  Financials and business segments
8.3.3.  Recent Developments
8.4.  RFI INGREDIENTS
8.4.1.  Overview
8.4.2.  Financials and business segments
8.4.3.  Recent Developments
8.5.  STARWEST BOTANICALS
8.5.1.  Overview
8.5.2.  Financials and business segments
8.5.3.  Recent Developments
8.6.  KOREAN GINSENG EXPORT CORPORATION
8.6.1.  Overview
8.6.2.  Financials and business segments
8.6.3.  Recent Developments
8.7.  NATURE ESSENTIAL
8.7.1.  Overview
8.7.2.  Financials and business segments
8.7.3.  Recent Developments
8.8.  ALLCURA NATURHEILMITTEL GMBH
8.8.1.  Overview
8.8.2.  Financials and business segments
8.8.3.  Recent Developments
8.9.  OXFORD VITALITY
8.9.1.  Overview
8.9.2.  Financials and business segments
8.9.3.  Recent Developments
8.10.  GINASANA
8.10.1.  Overview
8.10.2.  Financials and business segments
8.10.3.  Recent Developments
 
TABLE 1.  GINSENG EXTRACT MARKET VALUE FOR DOSAGE FORM, BY REGION, 2018-2026, $MILLION
TABLE 2.  GINSENG EXTRACT MARKET VALUE FOR APPLICATION, BY REGION, 2018-2026, $MILLION
TABLE 3.  GINSENG EXTRACT MARKET VALUE FOR END USERS, BY REGION, 2018-2026, $MILLION
TABLE 4.  GINSENG EXTRACT MARKET VALUE FOR PHARMACIES, BY REGION, 2018-2026, $MILLION
TABLE 5.  GINSENG EXTRACT MARKET VALUE FOR ONLINE RETAILERS, BY REGION, 2018-2026, $MILLION
TABLE 6.  GINSENG EXTRACT MARKET VALUE FOR OTHERS, BY REGION, 2018-2026, $MILLION
TABLE 7.  GINSENG EXTRACT MARKET VALUE FOR NORTH AMERICA, BY COUNTRY, 2015-2026, $MILLION
TABLE 8.  GINSENG EXTRACT MARKET VALUE FOR NORTH AMERICA, BY DOSAGE FORM, 2015-2026, $MILLION
TABLE 9.  GINSENG EXTRACT MARKET VALUE FOR NORTH AMERICA, BY APPLICATION, 2015-2026, $MILLION
TABLE 10.  GINSENG EXTRACT MARKET VALUE FOR NORTH AMERICA, BY END USERS, 2015-2026, $MILLION
TABLE 11.  GINSENG EXTRACT MARKET VALUE FOR EUROPE, BY COUNTRY, 2015-2026, $MILLION
TABLE 12.  GINSENG EXTRACT MARKET VALUE FOR EUROPE, BY DOSAGE FORM, 2015-2026, $MILLION
TABLE 13.  GINSENG EXTRACT MARKET VALUE FOR EUROPE, BY APPLICATION, 2015-2026, $MILLION
TABLE 14.  GINSENG EXTRACT MARKET VALUE FOR EUROPE, BY END USERS, 2015-2026, $MILLION
TABLE 15.  GINSENG EXTRACT MARKET VALUE FOR ASIA PACIFIC, BY COUNTRY, 2015-2026, $MILLION
TABLE 16.  GINSENG EXTRACT MARKET VALUE FOR ASIA PACIFIC, BY DOSAGE FORM, 2015-2026, $MILLION
TABLE 17.  GINSENG EXTRACT MARKET VALUE FOR ASIA PACIFIC, BY APPLICATION, 2015-2026, $MILLION
TABLE 18.  GINSENG EXTRACT MARKET VALUE FOR ASIA PACIFIC, BY END USERS, 2015-2026, $MILLION
TABLE 19.  GINSENG EXTRACT MARKET VALUE FOR LAMEA, BY COUNTRY, 2015-2026, $MILLION
TABLE 20.  GINSENG EXTRACT MARKET VALUE FOR LAMEA, BY DOSAGE FORM, 2015-2026, $MILLION
TABLE 21.  GINSENG EXTRACT MARKET VALUE FOR LAMEA, BY APPLICATION, 2015-2026, $MILLION
TABLE 22.  GINSENG EXTRACT MARKET VALUE FOR LAMEA, BY END USERS, 2015-2026, $MILLION
TABLE 23.  AMWAY - COMPANY SNAPSHOT
TABLE 24.  ELEMIS LTD - COMPANY SNAPSHOT
TABLE 25.  INOVITAL - COMPANY SNAPSHOT
TABLE 26.  RFI INGREDIENTS - COMPANY SNAPSHOT
TABLE 27.  STARWEST BOTANICALS - COMPANY SNAPSHOT
TABLE 28.  KOREAN GINSENG EXPORT CORPORATION - COMPANY SNAPSHOT
TABLE 29.  NATURE ESSENTIAL - COMPANY SNAPSHOT
TABLE 30.  ALLCURA NATURHEILMITTEL GMBH - COMPANY SNAPSHOT
TABLE 31.  OXFORD VITALITY - COMPANY SNAPSHOT
TABLE 32.  GINASANA - COMPANY SNAPSHOT

FIGURE 1.   GINSENG EXTRACT: PHARMACIES MARKET VALUE, 2015-2017, $MILLION
FIGURE 2.   GINSENG EXTRACT: ONLINE RETAILERS MARKET VALUE, 2015-2017, $MILLION
FIGURE 3.   GINSENG EXTRACT: OTHERS MARKET VALUE, 2015-2017, $MILLION
FIGURE 4.GINSENG EXTRACT: NORTH AMERICA MARKET VALUE, 2015-2017, $MILLION
FIGURE 5.GINSENG EXTRACT: U.S. MARKET VALUE, 2015-2017, $MILLION
FIGURE 6.GINSENG EXTRACT:  CANADA MARKET VALUE, 2015-2017, $MILLION
FIGURE 7.GINSENG EXTRACT:  MEXICO MARKET VALUE, 2015-2017, $MILLION
FIGURE 8.GINSENG EXTRACT: EUROPE MARKET VALUE, 2015-2017, $MILLION
FIGURE 9.GINSENG EXTRACT: UK MARKET VALUE, 2015-2017, $MILLION
FIGURE 10.GINSENG EXTRACT:  GERMANY MARKET VALUE, 2015-2017, $MILLION
FIGURE 11.GINSENG EXTRACT:  FRANCE MARKET VALUE, 2015-2017, $MILLION
FIGURE 12.GINSENG EXTRACT:  ITALY MARKET VALUE, 2015-2017, $MILLION
FIGURE 13.GINSENG EXTRACT:  SPAIN MARKET VALUE, 2015-2017, $MILLION
FIGURE 14.GINSENG EXTRACT:  REST OF EUROPE MARKET VALUE, 2015-2017, $MILLION
FIGURE 15.GINSENG EXTRACT: ASIA PACIFIC MARKET VALUE, 2015-2017, $MILLION
FIGURE 16.GINSENG EXTRACT: CHINA MARKET VALUE, 2015-2017, $MILLION
FIGURE 17.GINSENG EXTRACT:  JAPAN MARKET VALUE, 2015-2017, $MILLION
FIGURE 18.GINSENG EXTRACT:  INDIA MARKET VALUE, 2015-2017, $MILLION
FIGURE 19.GINSENG EXTRACT:  AUSTRALIA MARKET VALUE, 2015-2017, $MILLION
FIGURE 20.GINSENG EXTRACT:  SOUTH KOREA MARKET VALUE, 2015-2017, $MILLION
FIGURE 21.GINSENG EXTRACT:  REST OF ASIA PACIFIC MARKET VALUE, 2015-2017, $MILLION
FIGURE 22.GINSENG EXTRACT: LAMEA MARKET VALUE, 2015-2017, $MILLION
FIGURE 23.GINSENG EXTRACT: BRAZIL MARKET VALUE, 2015-2017, $MILLION
FIGURE 24.GINSENG EXTRACT:  SOUTH AFRICA MARKET VALUE, 2015-2017, $MILLION
FIGURE 25.GINSENG EXTRACT:  SAUDI ARABIA MARKET VALUE, 2015-2017, $MILLION
FIGURE 26.GINSENG EXTRACT:  REST OF LAMEA MARKET VALUE, 2015-2017, $MILLION

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