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 : May, 2021 | Food and Beverages

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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?