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Indian Ginseng Market Share

Report ID: GMI7221
Published Date: Nov 2023
Report Format: PDF

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Ashwagandha Market Share

Some of the major companies operating in the ashwagandha industry are:

KSM-66 Ashwagandha
Sensoril Ashwagandha
Ashwagandha Research & Development
Arjuna Natural Extracts
Sabinsa Corporation
PhytoLife Sciences
Alkem Laboratories
Himalaya Global Holdings
Dabur India
Zydus Wellness
Amway India
Sri Sri Ayurveda
Patanjali Ayurved
Herbalife Nutrition

These companies focus on strategic partnerships, new Type launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative Types and garner maximum revenue in the market.

KSM Ashwagandha holds a significant market share. KSM-66 Ashwagandha is a proprietary full-spectrum Ashwagandha extract manufactured by Ixoreal Biomed. The company’s products are sold in over 50 countries around the world. KSM-66 ashwagandha products are one of the most clinically studied Ashwagandha extracts on the market and has been shown to be effective in reducing stress, anxiety, and depression. It is also known to improve sleep quality, cognitive function, and physical performance.

Authors: Kiran Pulidindi, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of the Indian ginseng reached USD 641 million in 2022 and is set to surpass USD 1.18 billion by 2032, owing to the rising consumer preference for natural and herbal supplements along with the growing awareness of its various health benefits.

The Indian ginseng industry from the KSM 66 segment generated USD 192.8 million in revenue in 2022, due to its high potency and standardized composition leading to its rising application in pharmaceutical and nutraceutical products.

Asia Pacific ashwagandha market was worth USD 225.9 million in 2022, attributed to the rich cultural heritage of the region which is deeply rooted in the use of botanical remedies.

Some of the top companies engaged in the market are KSM-66 Ashwagandha, Sensoril Ashwagandha, Ashwagandha Research & Development, Arjuna Natural Extracts, Sabinsa Corporation, Himalaya Global Holdings, Dabur India, Amway India, Sri Sri Ayurveda, Patanjali Ayurved, and Herbalife Nutrition.