Ginseng Extracts Market Size & Trends Value Will Reach USD 43.07 Million By 2028: Polaris Market Research

The global ginseng extracts market size is expected to reach USD 43.07 million by 2028 according to a new study by Polaris Market Research.

The increasing number of chronic diseases owing to the increasing geriatric population and unhealthy lifestyle is the major driving factor behind the growth of the global market. The growing popularity of nutraceuticals and food supplements containing herbal and natural extracts is expected to further propel the growth of the global extracts market over the coming years.

The number of diabetic people living across the globe is estimated to be 463 million adults and it is expected to increase to 700 million, by 2045. China alone accounted for approximately 4.8 million cancer cases, almost a quarter of the newly diagnosed cancer cases across the globe. The increase in chronic diseases will increase the use of ginseng extracts.

Ginseng extracts as a nutraceutical and food supplement are becoming extremely popular in many countries. For instance, in a recent survey conducted in South Korea by the Ministry of Food and Drug Safety (MFDS), it is found that nearly 69% use health functional foods and among them, red ginseng most produced and used product among people in the country. These increasing consumption of functional health foods will boost the growth of this industry in the region.

Get Sample Copy of Ginseng Extracts Market Report @

New product launch is one of the key strategies followed by industry players to maintain a competitive edge in the industry. For instance, In September 2020, CheongKwanJang launched Donginbi ginseng cosmetics on Similarly, PepsiCo launched Soulboost a sparkling water beverage that contains functional ingredients including panax ginseng and L-theanine, in May 2021.

The emergence of COVID-19 is expected to further drive the growth of the global industry due to its immunomodulatory properties that may be helpful in the fight against COVID-19. Recently, in 2021, The Ministry of Food and Drug Safety in Korea approved red ginseng as a great immunity booster and it will boost immunity against COVID-19. These factors favor the growth of the market during the forecast period.

Industry participants such as Koei Kogyo, RFI ingredient, Liuyang Naturalin Bio, Shanti Natural, Orkla Health, KGEC, Hangzhou Skyherb, Sinochem Pharmaceutical, Nino Biotech, Herbal Bioactives, Changsha Huir Biological-Tech, and Baoji Herbest Bio-Tech are some of the crucial players operating in the global industry.

Get Special Discount @

Polaris Market Research has segmented the ginseng extracts market report on the basis of form, application, and region:

Ginseng Extracts, Form Outlook (Revenue – USD Million, 2016 – 2028)

  • Powder
  • Liquid

Ginseng Extracts, Application Outlook (Revenue – USD Million, 2016 – 2028)

  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Dietary Supplements
  • Food & Beverages

Need More Information? Inquire More About This Report Before Purchase @

Ginseng Extracts, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Austria
  • Netherlands
  • Asia Pacific
  • China
  • Japan
  • India
  • Indonesia
  • Malaysia
  • South Korea
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Middle East & Africa
  • Israel
  • Saudi Arabia
  • South Africa
  • UAE

About Polaris Market Research

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

Contact Us:

Polaris Market Research

Phone: +1-929-297-9727