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Ginseng Extract Market Share

Report ID: GMI4482
Published Date: Jan 2020
Report Format: PDF

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Ginseng Extract Market Share

Ginseng Extract Market Company Share, (2023)

The ginseng extract industry is highly competitive, with several prominent players leading the industry. Key companies such as RFI Ingredient, Shanti Natural, and KGEC have established themselves as major suppliers of high-quality ginseng extracts, catering to the growing demand for natural health supplements and nutraceuticals. These companies focus on maintaining strong production capabilities, innovative extraction processes, and robust quality control to ensure product efficacy and safety.

Along with them, Orkla Health and Hangzhou Skyherb are leveraging their expertise in herbal and health products to expand their market reach, particularly in regions like Europe and Asia, where the demand for herbal-based dietary supplements is rapidly increasing.

Other key players such as S.A. Herbal Bioactives, Nino Biotech, and Liuyang Naturalin Bio are also gaining traction by offering specialized ginseng extracts and bioactive ingredients tailored for various applications in the pharmaceutical, cosmetic, and food industries. Sinochem Pharmaceutical and Changsha Huir Biological-Tech bring additional competitive strength, with extensive experience in the medicinal plant sector and strong supply chains.

Meanwhile, Clariant, KOEI KOGYO, and Baoji Herbest Bio-Tech are focusing on product innovation, sustainable sourcing practices, and expanding their global footprints to meet the rising demand for natural, high-quality ginseng extracts in the global market. These players contribute significantly to shaping the industry's growth trajectory through strategic partnerships, product development, and geographical expansion.

Ginseng Extract Market Companies

Top companies operating in the ginseng extract industry include:

RFI ingredient
Shanti Natural
KGEC
Orkla Health
Hangzhou Skyherb
S.A. Herbal Bioactives
Nino Biotech
Liuyang Naturalin Bio
Sinochem Pharmaceutical
Changsha Huir Biological-Tech
Clariant
KOEI KOGYO
Baoji Herbest Bio-Tech

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of ginseng extract reached USD 29.2 million in 2023 and will grow at a 6.3% CAGR from 2024 to 2032, owing to its ability to counteract chemical, biological, and physical stressors.

The powder ginseng extract segment is projected to reach USD 9.7 million by 2032, attributed to several key factors, including the rising consumer preference for convenient and easily consumable supplement formats.

Asia Pacific market size was USD 15.5 million in 2023 and will register 6.7% CAGR from 2024 to 2032, driven by deep-rooted cultural significance of ginseng in traditional medicine.

RFI ingredient, Shanti Natural, KGEC, Orkla Health, Hangzhou Skyherb, S.A. Herbal Bioactives, and Nino Biotech among others.