Global Ginseng Extracts Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By form, ginseng extracts are commonly available in liquid, powder, and capsule formats. Liquid extracts are highly concentrated, often in the form of tinctures or fluid extracts, and are typically used in wellness drinks, herbal teas, or as a supplement in liquid form for quick absorption. They are favored for their ease of use and high bioavailability, making them a popular choice in the wellness and nutraceutical industries. Powdered ginseng extract, on the other hand, is often used in dietary supplements, smoothies, or health drinks, as it is easier to measure and incorporate into a variety of products. It is a versatile format that allows for precise dosing, appealing to consumers seeking convenience. Capsule-based ginseng extracts are also popular in the supplement market, offering a simple, standardized way to consume the extract without the need for preparation. These are favored for their portability and ease of consumption, especially by individuals on-the-go who prefer a quick and effective method of incorporating ginseng into their daily routine.

The ginseng extracts market is further segmented by end user, with significant categories including personal care products, dietary supplements, food and beverage, and pharmaceuticals. In personal care, ginseng extract is used for its skin-rejuvenating, anti-aging, and energizing properties. It is commonly included in facial creams, serums, hair care products, and even bath products. Consumers increasingly prefer ginseng-based cosmetics due to its natural, revitalizing effects on the skin and its ability to improve circulation and reduce signs of aging. In dietary supplements, ginseng extract is used to promote energy, enhance mental focus, support the immune system, and reduce fatigue. Ginseng’s adaptogenic properties make it a key ingredient in many wellness supplements. In the food and beverage sector, ginseng extract is utilized in energy drinks, teas, health drinks, and functional foods, offering a natural boost of energy and cognitive support. The popularity of functional beverages is driving the demand for ginseng extracts, as consumers seek alternatives to synthetic stimulants. In pharmaceuticals, ginseng extract is used in the formulation of products aimed at improving vitality, reducing stress, and managing chronic fatigue. Ginseng’s proven medicinal properties make it a staple in various therapeutic products, particularly those focused on boosting energy and supporting overall health.

In terms of application, ginseng extracts are used in multiple industries, with notable applications in energy drinks, skincare products, supplements, and pharmaceutical formulations. Energy drinks and health beverages are among the largest applications, where ginseng extract is valued for its ability to naturally boost energy levels, enhance physical performance, and improve mental clarity. In skincare, ginseng extract is used for its anti-aging and skin-brightening properties. It helps promote collagen production, reduce wrinkles, and improve overall skin tone. As a result, ginseng extract is a key ingredient in many premium skincare lines, particularly those targeting mature skin. The dietary supplement industry is another major application, with ginseng extracts being included in capsules, tablets, and powders aimed at improving general health, reducing fatigue, and boosting immune function. In the pharmaceutical industry, ginseng extract is applied in the formulation of products designed to address conditions such as chronic fatigue, stress, and cognitive decline. Its use in traditional medicine and modern therapeutic formulations continues to support its growing application in the health sector.

Geographically, the ginseng extracts market is predominantly driven by demand in regions like Asia-Pacific, North America, and Europe. Asia-Pacific holds a major share of the global market due to the long history of ginseng use in traditional medicine, particularly in countries like Korea, China, and Japan. These regions continue to be major producers and consumers of ginseng extract, where it is deeply integrated into wellness products, herbal teas, and traditional remedies. North America, particularly the United States and Canada, represents a significant and growing market, driven by increasing consumer awareness of natural health products and the popularity of dietary supplements. Europe, with its rising demand for natural and plant-based ingredients in health and beauty products, is also a growing market for ginseng extract. As consumers across these regions seek natural ways to enhance their well-being, the demand for ginseng extract continues to expand, with more brands incorporating it into their product lines.

Global Ginseng Extracts Segment Analysis

In this report, the Global Ginseng Extracts Market has been segmented by Form, End User, Application, and Geography.

Global Ginseng Extracts Market, Segmentation by Form

The Global Ginseng Extracts Market has been segmented by Form into Powder, Capsules and Liquid.

Powdered forms are typically preferred for their long shelf life and high concentration, making them a popular choice for both manufacturers and consumers seeking potent, easy-to-consume supplements. The powder form is often the base for ginseng's inclusion in a variety of dietary supplements, providing a more cost-effective and efficient way of using ginseng extract.

Capsules are another popular form of ginseng extract, particularly favored by consumers who seek convenience and precise dosing. Capsules provide an easy and controlled way to consume ginseng, without the need for additional preparation. They are commonly used in the nutraceutical market, especially in the form of dietary supplements aimed at improving mental performance, reducing fatigue, or boosting immunity. The controlled dosage in capsules appeals to consumers who are looking for consistency and standardized formulations, driving the demand for this form of ginseng extract.

Liquid ginseng extracts are increasingly gaining popularity, particularly in the health and wellness sector. Liquid extracts are often used in beverages, such as energy drinks and functional teas, due to their quick absorption and the ease with which they can be incorporated into liquid-based products. They are also valued for their ability to deliver faster effects, as liquids are generally absorbed more rapidly by the body. Liquid forms are often chosen by consumers who prefer a more immediate energy boost or those who enjoy adding ginseng to smoothies or health drinks. This form is particularly popular in markets where convenience and speed of action are key factors for consumers.

Global Ginseng Extracts Market, Segmentation by End User

The Global Ginseng Extracts Market has been segmented by End User into Pharmacies/Drugstore, Hypermarket/Supermarket, Online Retailing, Health/Beauty Store, and Direct Selling.

Pharmacies and drugstores remain a primary sales channel for ginseng extracts, especially for consumers seeking medicinal or therapeutic benefits. These outlets are preferred by consumers looking for trusted, professionally recommended supplements, including ginseng extracts that promote overall wellness or support specific health concerns. Pharmacies offer an added layer of assurance with expert guidance, making them a key player in the distribution of ginseng products.

Hypermarkets and supermarkets also play a significant role in the ginseng extracts market, offering easy access to a wide variety of products in a one-stop shopping experience. These retail outlets cater to a broad consumer base and stock ginseng extracts alongside other wellness and dietary supplements, capitalizing on the convenience of large-scale retail. Supermarkets and hypermarkets allow consumers to browse and purchase ginseng products in large quantities, often with competitive pricing and promotional offers, which further boosts their popularity in the market.

Online retailing has seen a surge in recent years, especially driven by increasing digitalization and changing consumer shopping behaviors. E-commerce platforms provide consumers with the convenience of purchasing ginseng extracts from the comfort of their homes, often with a wider range of options and detailed product information. The growth of online retailing has been particularly fueled by the availability of subscriptions, special offers, and the ease of comparing products. Health and beauty stores, including both physical and online stores, also serve as significant distribution channels, as ginseng extracts are often marketed as part of a broader health and beauty regimen. These stores cater to consumers looking to enhance their wellness routine or beauty regime with natural ingredients like ginseng.

Direct selling is another growing segment in the market, where companies sell ginseng extracts directly to consumers through independent representatives or agents. This model allows for personalized service, as well as direct interaction with customers, making it an effective channel for educating consumers about the benefits and uses of ginseng products. Direct selling is particularly prominent in markets where personalized health and wellness consultations are valued, and this method has grown with the increasing demand for holistic health products.

Global Ginseng Extracts Market, Segmentation by Application

The Global Ginseng Extracts Market has been segmented by Application into Dietary Supplements, Personal Care, Pharmaceutical, Food, and Oral Care.

Dietary supplements represent one of the largest segments in the ginseng extracts market, as consumers increasingly seek natural solutions to enhance their overall health and well-being. Ginseng extracts are commonly used in these supplements for their reputed ability to improve energy, reduce stress, and support immune function. The popularity of ginseng supplements is bolstered by the growing demand for herbal and plant-based products as part of preventive healthcare.

In the personal care segment, ginseng extracts are used in various cosmetic and skincare products due to their antioxidant, anti-aging, and skin-rejuvenating properties. Ginseng is believed to improve circulation and promote healthy skin, which makes it a popular ingredient in lotions, creams, and serums. As consumers become more conscious about the ingredients in their beauty products, ginseng has gained traction in the personal care market as a natural, effective solution for skin and hair health. The inclusion of ginseng extracts in personal care products taps into the growing demand for natural beauty solutions.

The pharmaceutical application of ginseng extracts focuses on its medicinal properties, particularly in traditional medicine systems. Ginseng is used in various pharmaceutical formulations for its potential therapeutic effects, including boosting mental clarity, improving circulation, and enhancing overall vitality. It is often found in products designed to address fatigue, cognitive decline, and immune health. The food industry also incorporates ginseng extracts as a functional ingredient in energy drinks, teas, and other wellness-oriented products, capitalizing on ginseng’s energizing and health-promoting benefits. As consumers increasingly look for functional foods that support a healthy lifestyle, ginseng's versatility makes it an attractive option for food product developers.

The oral care market, ginseng extracts are utilized in toothpaste, mouthwashes, and other oral hygiene products due to their purported antibacterial properties, which help promote oral health and combat gum disease. Ginseng’s ability to boost circulation is also believed to contribute to healthier gums and teeth. This application segment is seeing growth as consumers look for natural alternatives in their oral care routines, seeking products that combine both functional benefits and plant-based ingredients.

Global Ginseng Extracts Market, Segmentation by Geography

In this report, the Global Ginseng Extracts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Ginseng Extracts Market Share (%), by Geographical Region, 2024

In North America, the market is driven by the increasing consumer preference for natural and plant-based dietary supplements and personal care products. The growing awareness of health benefits such as improved energy, cognitive function, and stress relief contributes to the rising demand for ginseng extracts. Additionally, North American consumers are increasingly looking for functional ingredients in food and beverages, further boosting ginseng’s popularity. This region also benefits from the presence of well-established retail networks and online platforms that make ginseng-based products more accessible.

Europe is another key market for ginseng extracts, where the demand for herbal and natural health products is growing steadily. Consumers in European countries are becoming more health-conscious and are gravitating toward herbal supplements and personal care products that offer natural wellness solutions. The trend towards clean and sustainable beauty products in the personal care segment also supports ginseng's presence in the market. Moreover, regulatory frameworks that support the use of natural ingredients in pharmaceutical and dietary products further fuel market growth in Europe.

In the Asia Pacific region, which is the native origin of ginseng, there is a long-standing tradition of using ginseng in medicine and wellness practices. The market for ginseng extracts is well-established and continues to grow as demand for health supplements, functional foods, and beauty products rises. The increasing disposable income and changing consumer lifestyles in countries like China, Japan, and South Korea contribute to the expanding market. Moreover, the rising demand for ginseng-based products in both traditional medicine and modern wellness trends further drives the market in this region.

The Middle East and Africa region is seeing a gradual increase in demand for ginseng extracts, primarily driven by the growing interest in natural and herbal remedies for wellness. While the market is still developing, rising health awareness and an expanding interest in plant-based personal care products are expected to drive growth. Similarly, Latin America is witnessing rising consumer demand for functional ingredients in food and dietary supplements, including ginseng, as part of a broader trend toward health-conscious living. Both regions are projected to grow in the forecast period from 2020 to 2030 as ginseng extracts become more widely recognized for their health benefits.

This report provides an in depth analysis of various factors that impact the dynamics of Global Ginseng Extracts Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Growing demand in the automotive and transportation sectors
• Increasing adoption in renewable energy applications (wind energy)

• Advancements in manufacturing technologies - Advancements in manufacturing technologies have significantly impacted the production of Glass Fiber (GF) and Glass Fiber Reinforced Polymer (GFRP) composites, enhancing both efficiency and performance. Automation and digitalization have played a pivotal role in optimizing production processes. Techniques such as automated fiber placement (AFP) and robotic filament winding have streamlined the manufacturing of composite materials, reducing human error, increasing precision, and improving overall production speed. These innovations allow for the creation of more complex and lightweight composite structures that meet the stringent requirements of industries like aerospace, automotive, and construction.

  Another key development is the integration of 3D printing and additive manufacturing into composite production. This technology enables the rapid prototyping and customization of GFRP components with intricate geometries that would be challenging or cost-prohibitive with traditional manufacturing methods. By directly printing composite materials, manufacturers can reduce material waste and shorten lead times, which contributes to lower production costs. The ability to produce complex, on-demand components also opens new opportunities for product innovation and design flexibility, particularly in industries requiring customized solutions, such as medical devices and consumer goods.

  Additionally, advancements in hybrid manufacturing techniques, which combine different processes such as molding, injection molding, and extrusion with composite material fabrication, have led to greater versatility in the production of GFRP composites. These hybrid methods allow for improved material properties, faster cycle times, and cost-effective mass production, making composite materials more accessible across various industries. The ongoing development of these technologies also focuses on sustainability, with efforts to reduce energy consumption and material waste, aligning with the growing demand for environmentally friendly production methods.

Restraints

• High production costs
• Limited recycling options for composites

• Technical challenges in material performance - Despite the growing use of Glass Fiber (GF) and Glass Fiber Reinforced Polymer (GFRP) composites in various industries, technical challenges related to material performance remain a key barrier to their widespread adoption. One of the primary challenges is the difficulty in achieving consistent quality and performance across large volumes of composite materials. Variations in the fiber alignment, resin impregnation, and curing processes can lead to inconsistencies in the mechanical properties of GFRP composites, such as strength, stiffness, and durability. This variability can be particularly problematic in critical applications, like aerospace and automotive industries, where high precision and reliability are required.

  Another significant challenge is the limited impact resistance of GFRP composites compared to traditional materials like metals. While GFRP materials offer high strength-to-weight ratios, their brittleness and susceptibility to cracking under impact or sudden stress can limit their performance in certain applications. This issue is particularly evident in the automotive and construction sectors, where materials are often exposed to harsh environmental conditions and mechanical stress. Improving the impact resistance of GFRP composites without compromising their lightweight and structural integrity remains a critical focus for researchers and manufacturers.

  Additionally, the long-term performance of GFRP composites in challenging environments poses another technical challenge. While these materials are resistant to corrosion, their performance can degrade over time due to factors like UV exposure, moisture absorption, and thermal cycling. This degradation can lead to a reduction in mechanical properties and overall lifespan, which is a concern for industries such as construction, marine, and infrastructure. To address this, ongoing research is focused on developing enhanced resins and protective coatings that can mitigate these environmental effects and improve the longevity and reliability of GFRP materials in real-world conditions.

Opportunities

• Expansion in construction and infrastructure sectors
• Innovations in lightweight, high-strength composites

• Rising focus on sustainability and eco-friendly materials - The rising focus on sustainability and eco-friendly materials has become a driving force in the development of Glass Fiber (GF) and Glass Fiber Reinforced Polymer (GFRP) composites. As industries face increasing pressure to reduce their environmental impact, the demand for sustainable materials has led to significant research into the production of GFRP composites with lower carbon footprints. Manufacturers are exploring the use of recycled glass fibers, bio-based resins, and alternative materials to replace petroleum-based components, reducing both energy consumption and raw material waste. This shift is particularly important as sectors like construction, automotive, and aerospace strive to meet stricter environmental regulations and sustainability goals.

  One of the key trends in the push for eco-friendly composites is the development of recyclable GFRP materials. Traditionally, composite materials have been difficult to recycle due to their complex structure, leading to concerns about waste accumulation. However, recent innovations are focused on creating composites that can be easily broken down and reused at the end of their life cycle. Research into reversible or thermoplastic matrix systems, which allow the material to be reprocessed and reused, is making GFRP composites more sustainable. This is a crucial development for industries that rely on composites for high-performance applications but want to reduce their environmental impact in the long run.

  Additionally, the growing emphasis on sustainability is driving the demand for GFRP composites in renewable energy applications, particularly in wind energy. The need for lightweight, durable, and corrosion-resistant materials has led to the increased use of GFRP composites in wind turbine blades. These materials contribute to the efficiency and lifespan of renewable energy systems, aligning with the global push toward reducing reliance on fossil fuels and mitigating climate change. As companies and industries continue to prioritize eco-friendly solutions, the development of GFRP composites will play a crucial role in driving the transition to more sustainable and circular economies.

Key players in Global Ginseng Extracts Market include :

• Korea Ginseng Corp.
• Clariant
• Korean Ginseng Export Corporation
• RFI Ingredients, Inc
• Organika Health Products Inc
• Nature's Way Products
• Orkla Health A/S
• Shanghai FanPharma
• Koshiro Company Limited

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis