Global Ginseng Extracts Market Size, Share, And Business Benefits By Form (Powder, Liquid, Tablet, Gel, Others), By Product Type (American Ginseng, Oriental Ginseng, Siberian Ginseng, Asian Ginseng, Others), By Application (Pharmaceuticals, Cosmetics and Personal Care, Dietary Supplements, Food and Beverages, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2025-2034

Report Overview

The Global Ginseng Extracts Market is expected to be worth around USD 57.1 million by 2034, up from USD 30.7 million in 2024, and is projected to grow at a CAGR of 6.4% from 2025 to 2034. Asia Pacific’s 38.80% market share, equal to USD 11.9 Mn, highlights strong consumer preference.

Ginseng extracts are concentrated forms of bioactive compounds obtained from the ginseng root, widely valued in traditional medicine and modern wellness products. They are known for their potential benefits in boosting energy, reducing fatigue, supporting immunity, and enhancing mental focus. Available in powder, capsule, and liquid forms, ginseng extracts are increasingly used in dietary supplements, functional foods, and beverages due to their adaptogenic and antioxidant properties.

The ginseng extracts market represents the global trade and consumption of these products across the health, food, and cosmetic industries. It is driven by rising consumer preference for natural and plant-based remedies, coupled with the growing awareness of preventive healthcare. The market includes a wide range of applications, from daily nutrition to skincare formulations, reflecting how ginseng extracts are being integrated into both traditional and modern lifestyles.

One major growth factor for the ginseng extracts market is the increasing consumer shift toward herbal supplements. With more people focusing on natural ways to improve vitality and reduce stress, ginseng extracts have gained strong recognition as a trusted health-supporting ingredient. According to an industry report, $40,000 MPI grant supports high-value ginseng export efforts.

The demand for ginseng extracts is also being fueled by the rising interest in functional beverages and fortified foods. Consumers are looking for products that not only provide nutrition but also deliver added benefits such as enhanced energy and focus, which positions ginseng-based products as attractive choices. According to an industry report, the Ginseng auction contributes $50,000 to Ohio’s Wildlife Diversity Fund.

Key Takeaways

• The Global Ginseng Extracts Market is expected to be worth around USD 57.1 million by 2034, up from USD 30.7 million in 2024, and is projected to grow at a CAGR of 6.4% from 2025 to 2034.
• Powder captured 48.9% share in the Ginseng Extracts Market, driven by easy blending and convenience.
• Asian Ginseng held a 41.8% share in the ginseng extracts market, reflecting its traditional medicinal importance.
• Pharmaceuticals accounted for a 28.3% share in the Ginseng Extracts Market, highlighting strong demand for therapeutic benefits.
• Rising demand for herbal supplements in the Asia Pacific, valued at USD 11.9 Mn, drives growth.

By Form Analysis

Powder held a 48.9% share in the Ginseng Extracts Market.

In 2024, Powder held a dominant market position in By Form segment of Ginseng Extracts Market, with a 48.9% share. The popularity of powder form is closely tied to its versatility, convenience, and wide range of applications across dietary supplements, functional foods, and beverages.

Powdered ginseng extract is easy to blend into formulations, making it the preferred choice for manufacturers aiming to create health-oriented products that align with consumer demand for natural and effective solutions. Its longer shelf life compared to liquid alternatives also enhances its appeal for both producers and end-users.

The growing use of ginseng powder in health supplements has further strengthened its market dominance. Consumers seeking energy enhancement, improved focus, and immune support find powdered extracts to be a practical option for daily consumption. Additionally, its compatibility with modern wellness trends, such as smoothies, nutritional shakes, and herbal teas, supports its strong position.

Another factor contributing to this share is the global expansion of e-commerce and health stores, where powdered extracts are often marketed as premium, high-quality products. With rising awareness about natural remedies and preventive healthcare, the powder segment continues to establish itself as a cornerstone of the ginseng extracts market, holding nearly half the overall share.

By Product Type Analysis

Asian ginseng captured a 41.8% share in the ginseng extracts market.

In 2024, Asian Ginseng held a dominant market position in By Product Type segment of Ginseng Extracts Market, with a 41.8% share. The strong presence of Asian ginseng is attributed to its long-standing reputation in traditional medicine and its proven health benefits, which continue to resonate with consumers worldwide. Known for its adaptogenic properties, Asian ginseng is widely used to combat fatigue, enhance stamina, and improve mental clarity, making it a highly preferred product in the wellness and nutritional space.

The dominance of Asian ginseng is also supported by its wide application in dietary supplements and herbal remedies. Consumers associate this product type with authenticity and effectiveness, encouraging consistent demand in both developed and emerging markets. Its role in supporting immune health and promoting overall vitality has made it especially popular among health-conscious individuals seeking natural solutions for everyday wellness.

Furthermore, the global trend toward holistic and preventive healthcare has provided a strong foundation for Asian ginseng’s leadership. Its incorporation into powders, capsules, teas, and functional beverages continues to broaden its reach. With its historical roots and modern applications aligning with consumer preferences, Asian ginseng has successfully secured a leading share, reinforcing its pivotal role in the ginseng extracts market.

By Application Analysis

Pharmaceuticals accounted for a 28.3% share in the Ginseng Extracts Market.

In 2024, Pharmaceuticals held a dominant market position in By Application segment of Ginseng Extracts Market, with a 28.3% share. This leadership is largely driven by the growing acceptance of herbal ingredients in mainstream medicine, where ginseng extracts are increasingly utilized for their therapeutic properties. Known for their adaptogenic, antioxidant, and anti-inflammatory benefits, ginseng extracts are widely used in pharmaceutical formulations aimed at improving energy levels, reducing fatigue, enhancing cognitive performance, and supporting immune health.

The pharmaceutical sector values ginseng extracts for their ability to complement conventional treatments and address lifestyle-related health concerns such as stress, low energy, and weakened immunity. Their inclusion in capsules, tablets, and syrups has made them accessible to a broad range of patients and consumers seeking clinically backed, natural alternatives. The rising interest in preventive healthcare and plant-based medicines has further supported this adoption, reinforcing ginseng’s role as a trusted natural therapeutic ingredient.

Additionally, ongoing scientific studies validating the health benefits of ginseng have strengthened its credibility within the pharmaceutical domain. With an increasing number of consumers seeking safer, nature-derived remedies, the pharmaceutical application of ginseng extracts continues to expand. This has cemented the segment’s strong share and highlighted its importance in the overall market landscape.

Key Market Segments

By Form

• Powder
• Liquid
• Tablet
• Gel
• Others

By Product Type

• American Ginseng
• Oriental Ginseng
• Siberian Ginseng
• Asian Ginseng
• Others

By Application

• Pharmaceuticals
• Cosmetics and Personal Care
• Dietary Supplements
• Food and Beverages
• Others

Driving Factors

Rising Focus on Natural and Herbal Wellness

One of the main driving factors of the ginseng extracts market is the rising global focus on natural and herbal wellness. More people today prefer plant-based products over synthetic alternatives to support their health and daily lifestyle.

Ginseng extracts, known for boosting energy, reducing fatigue, and improving mental clarity, perfectly fit into this growing demand. The shift toward preventive healthcare and natural remedies has created strong trust in ginseng as a safe and effective option.

Additionally, the growing awareness of immunity and stress management has further supported its popularity. With consumers actively seeking herbal supplements, functional foods, and beverages, the demand for ginseng extracts continues to rise, making this factor a key driver of market growth.

Restraining Factors

High Cost of Production and Raw Materials

A key restraining factor for the ginseng extracts market is the high cost of production and raw materials. Ginseng is a slow-growing plant that often takes several years to mature before it can be harvested. This long cultivation cycle, combined with the need for specific growing conditions, makes its farming expensive and resource-intensive.

As a result, the cost of ginseng roots and extracts is relatively high compared to many other herbal ingredients. This price challenge can limit affordability for end consumers and restrict its wider use in mass-market products.

For manufacturers, these costs also increase production expenses, creating hurdles in scaling operations and maintaining consistent supply, which slows overall market expansion despite rising demand.

Growth Opportunity

Expanding Use in Functional Foods and Beverages

One of the biggest growth opportunities for the ginseng extracts market lies in its expanding use in functional foods and beverages. Modern consumers are not only looking for nutrition but also added health benefits in what they eat and drink.

Ginseng extracts, with their natural energy-boosting and immunity-supporting properties, are increasingly being included in teas, energy drinks, smoothies, and fortified snacks. This trend is supported by the rising demand for convenient wellness products that fit into busy lifestyles.

As awareness about preventive healthcare grows, food and beverage companies are exploring ginseng as a key ingredient to differentiate their products. This creates strong potential for market growth, as it opens new applications beyond traditional supplements and pharmaceuticals.

Latest Trends

Rising Popularity of Ginseng in Skincare Products

A notable latest trend in the ginseng extracts market is the rising use of ginseng in skincare and cosmetic products. Consumers are increasingly drawn to natural and herbal ingredients in personal care, and ginseng’s benefits make it especially appealing.

Known for improving blood circulation, reducing signs of aging, and enhancing skin vitality, ginseng extracts are being added to creams, serums, and face masks. This aligns with the clean beauty movement, where buyers prefer safe, plant-based formulations over chemical-heavy products.

Skincare brands are highlighting ginseng as a premium, effective ingredient to attract health-conscious and beauty-focused consumers. As interest in natural cosmetics grows, this trend is expected to significantly boost demand for ginseng extracts in the beauty industry.

Regional Analysis

In 2024, Asia Pacific dominated the Ginseng Extracts Market with a 38.80% share, worth USD 11.9 Mn.

The Ginseng Extracts Market shows a dynamic presence across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, with Asia Pacific emerging as the leading region. In 2024, Asia Pacific accounted for 38.80% of the market, valued at USD 11.9 million, highlighting its strong consumer base and cultural connection to ginseng.

The dominance of this region is largely supported by centuries of traditional usage in countries such as China, Korea, and Japan, where ginseng is deeply integrated into health practices and daily nutrition. Increasing urbanization and rising disposable incomes have further accelerated demand, particularly in functional foods, dietary supplements, and wellness beverages.

Additionally, the growth of e-commerce platforms has made ginseng-based products more accessible, appealing to younger health-conscious consumers seeking natural solutions for energy, stress relief, and immunity. While other regions such as North America and Europe are witnessing steady uptake of herbal supplements, Asia Pacific’s established familiarity and strong supply base of raw materials give it a clear advantage.

With both cultural heritage and modern consumer trends aligning, the Asia Pacific continues to hold the largest share of the ginseng extracts market, setting the pace for future expansion across global markets.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

Shanti Natural has focused on delivering high-quality natural extracts, with ginseng positioned as one of its core offerings. The company benefits from catering to the growing preference for plant-based wellness products, especially in the supplements and functional foods space, where authenticity and purity are highly valued by consumers.

RFI Ingredient, on the other hand, has established itself as a key supplier of innovative botanical ingredients, with ginseng forming part of its diverse portfolio. Its emphasis on clean-label solutions and sustainable sourcing has aligned well with global trends toward transparency and environmentally conscious consumption. This approach positions the company strongly among food, beverage, and nutraceutical manufacturers seeking reliable partners for natural formulations.

KGEC has leveraged its regional expertise and heritage in ginseng cultivation to reinforce its position in the market. By maintaining close connections with traditional supply chains and advancing modern extraction techniques, the company has successfully bridged cultural legacy with global demand. This balance ensures consistency in product quality, which is critical for pharmaceutical and wellness applications.

Top Key Players in the Market

• Shanti Natural
• RFI ingredient
• KGEC
• Herbal Bioactives
• Hangzhou Skyherb
• Liuyang Naturalin Bio
• Clariant
• Changsha Huir Biological-Tech
• Baoji Herbest Bio-Tech
• Koei Kogyo

Recent Developments

• In October 2024, RFI introduced two cutting-edge ingredient delivery systems: Infusome™, a liposomal technology ensuring tiny, uniform particles under 500 nanometers for better nutrient absorption; and ProMulsion™, an emulsion-based system useful in dietary supplements and skincare to make active ingredients work more effectively.

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