Home > Food & Beverages > Nutraceuticals > Herbal Supplements > Ginseng Extract Market

Ginseng Extract Market Trends

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

Download Free Sample

Ginseng Extract Market Trends

The ginseng extract industry faces a significant challenge due to potential side effects and health risks associated with its consumption, which could dampen consumer demand. While ginseng is widely promoted for its health benefits, including improved energy levels, cognitive function, and immune support, some studies have highlighted potential side effects such as insomnia, headaches, gastrointestinal issues, and allergic reactions.

Additionally, concerns about interactions with medications and the lack of consistent regulatory standards for supplement quality have raised caution among consumers and healthcare providers. These risks could hinder market growth by reducing consumer confidence and prompting stricter regulatory scrutiny.

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.