Ginseng Extracts Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

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Ginseng Extracts Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

Status : August, 2020 | Food and Beverages | PPT format

Report Digest


Global Ginseng Extracts Market: Overview

The global ginseng extracts market is on an upward growth curve and from 2018 to 2028, the trajectory charted would be notable owing to a robust CAGR (Compound Annual Growth Rate).  Additionally, it is worth noting here that a number of growth factors would create a plethora of growth avenues over the period. Market worth would also see an increase.

Global Ginseng Extracts Market: Competitive Landscape

The global ginseng extracts market is fragmented in nature owing to presence of many small and large players operating its playfield. Some of the prominent names that have marked the vendor landscape and are driving the market forward include the following:

  • Korea Ginseng MFG Co., Ltd, S.A.
  • Herbal Bioactives LLP
  • RFI Ingredients, LLC
  • Herbal Bio Solutions
  • BI Nutraceuticals
  • Clariant AG
  • KGEC
  • Herbal Bioactives LLP
  • Liuyang Naturalin Bio-Tech Co., Ltd
  • Orkla Health UK
  • Shanti Natural
  • Hangzhou Skyherb Technologies Co., Ltd.
  • Bioveda Naturals.

Research and development (R&D) and technological advancement are key factors of growth in the market and over the forecast period, these would emerge as prominent determinants of size of market shares that individual players would be able to lay claim to. Other strategies that would be witnessed in the market are mergers and acquisitions and product development. Marketing strategies also hold a notable place in the overall growth strategy.

Global Ginseng Extracts Market:  Key trends and driver

A number of trends and drivers are keeping the global ginseng extracts market on an upward growth trajectory. Some of the prominent ones that contribute massively to the growth story are spelled out below:

  • Massive use of ginseng in dietary supplements is being witnessed as benefits of betterment of immunity, enhancement of brain function, and improvement in blood purity catches on with people. A number of players in the market are using this to increase their market share. It is significant to note here that a number of protein powders also contain ginseng since it is known for improving and stabilizing metabolism. This is set to be a notable growth propeller in the global ginseng extracts market.
  • Ginseng is considered a wonder ingredient for skin and hair and this is the reason that is witnessing an increase in demand from personal care companies. It is extensively known for its effective pore cleaning and skin boosting properties. This is a significant leading to growth in the global ginseng extract market.

Global Ginseng Extracts Market:  Regional Analysis

High growth is anticipated to be noted in the regions of North America and Asia Pacific (APAC) over the forecast period. It is quite significant to note here that a large chunk of ginseng is produced in countries of the former regional landscape – China and South Korea. Another chunk comes from the United States of America and Canada – countries in the North American region.

Organic medicine hubs such as Japan, China, and India also deserve a mention here because governments are directing special efforts towards increasing production for use in Ayurveda, Yin Yang and the like. Another factor helping the two regions of APAC and North America grow is use of ginseng in dietary supplements. A number of companies such as Carlson, Herbalife, and Amway use extracts of the ginseng in some of their products.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.