Global Ginseng Supplements
Market Report
2024
The global Ginseng Supplements Market size is USD 796.6 million in 2024. Increasing recognition of health and spending expenditure is expected to boost sales to USD 1120.896197 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global ginseng supplements market size will be USD 796.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ginseng Supplements Market Sales Revenue 2024 | $ 796.6 Million |
Global Ginseng Supplements Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
North America Ginseng Supplements Sales Revenue 2024 | $ 318.64 Million |
North America Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.2% |
United States Ginseng Supplements Sales Revenue 2024 | $ 251.41 Million |
United States Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3% |
Canada Ginseng Supplements Sales Revenue 2024 | $ 38.24 Million |
Canada Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
Mexico Ginseng Supplements Sales Revenue 2024 | $ 29 Million |
Mexico Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
Europe Ginseng Supplements Sales Revenue 2024 | $ 238.98 Million |
Europe Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.5% |
United Kingdom Ginseng Supplements Sales Revenue 2024 | $ 40.15 Million |
United Kingdom Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.3% |
France Ginseng Supplements Sales Revenue 2024 | $ 21.99 Million |
France Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.7% |
Germany Ginseng Supplements Sales Revenue 2024 | $ 47.32 Million |
Germany Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
Italy Ginseng Supplements Sales Revenue 2024 | $ 20.55 Million |
Italy Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.9% |
Russia Ginseng Supplements Sales Revenue 2024 | $ 37.04 Million |
Russia Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
Spain Ginseng Supplements Sales Revenue 2024 | $ 19.6 Million |
Spain Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.6% |
Rest of Europe Ginseng Supplements Sales Revenue 2024 | $ 37.04 Million |
Rest of Europe Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.2% |
Asia Pacific Ginseng Supplements Sales Revenue 2024 | $ 183.22 Million |
Asia Pacific Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7% |
China Ginseng Supplements Sales Revenue 2024 | $ 82.45 Million |
China Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Japan Ginseng Supplements Sales Revenue 2024 | $ 25.28 Million |
Japan Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Korea Ginseng Supplements Sales Revenue 2024 | $ 18.32 Million |
Korea Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.1% |
India Ginseng Supplements Sales Revenue 2024 | $ 21.99 Million |
India Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.8% |
Australia Ginseng Supplements Sales Revenue 2024 | $ 9.53 Million |
Australia Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.7% |
Rest of APAC Ginseng Supplements Sales Revenue 2024 | $ 13.01 Million |
Rest of APAC Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.8% |
South America Ginseng Supplements Sales Revenue 2024 | $ 39.83 Million |
South America Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.4% |
Brazil Ginseng Supplements Sales Revenue 2024 | $ 17.05 Million |
Brazil Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Argentina Ginseng Supplements Sales Revenue 2024 | $ 6.69 Million |
Argentina Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
Colombia Ginseng Supplements Sales Revenue 2024 | $ 3.54 Million |
Colombia Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Peru Ginseng Supplements Sales Revenue 2024 | $ 3.27 Million |
Peru Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.6% |
Chile Ginseng Supplements Sales Revenue 2024 | $ 2.87 Million |
Chile Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
Rest of South America Ginseng Supplements Sales Revenue 2024 | $ 6.41 Million |
Rest of South America Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.5% |
Middle East and Africa Ginseng Supplements Sales Revenue 2024 | $ 15.93 Million |
Middle East and Africa Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
Turkey Ginseng Supplements Sales Revenue 2024 | $ 1.37 Million |
Turkey Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Nigeria Ginseng Supplements Sales Revenue 2024 | $ 1.67 Million |
Nigeria Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.8% |
Egypt Ginseng Supplements Sales Revenue 2024 | $ 1.67 Million |
Egypt Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
South Africa Ginseng Supplements Sales Revenue 2024 | $ 2.52 Million |
South Africa Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
GCC Countries Ginseng Supplements Sales Revenue 2024 | $ 6.82 Million |
GCC Countries Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Rest of MEA Ginseng Supplements Sales Revenue 2024 | $ 1.88 Million |
Rest of MEA Ginseng Supplements Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Ginseng Supplements Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ginseng supplements are a growing thing that has thick bases and an isolated stem. It is a nutritional product with highly sought-after extracts on the market, especially because of its exceptional and exceptional anti-allergic, anti-inflammatory, and cancer-prevention qualities. They increase the body's capacity to produce energy rapidly. Power enables one to work more often and for longer periods, yielding better and faster outcomes. Supplements are often used in the sports and health industries. Ginseng is an enzyme found in muscle fibers and is also widely used in many foodstuffs, particularly red meat and shellfish. As people grow more aware of their health and the benefits of using ginseng supplements to improve their strength, stamina, and athletic skills, the market is growing. These factors ought to quicken the ginseng supplement industry's development.
October 2024, RFI, a prominent supplier of innovative nutritional products for the effective food, beverages, and supplementation sectors, has introduced its latest distribution techniques: ProMulsion and Infusome. (Source: https://rfiingredients.com/rfi-launches-new-delivery-technologies-infusome-promulsion/)
The market for ginseng supplements has expanded due to raising awareness of health and fitness. Customer interest in dietary supplements has significantly increased as a result of growing health consciousness and concerns about the harmful effects of processed food and artificial ingredients. Consumers are drawn to products that have both mouthwatering flavor and important medical qualities. Because consumers are seeking healthier and more improved ginsengs that are boosted with additional components and nutritional supplements, this trend is especially noticeable in the ginseng industry. The demand for various types of ginseng has increased because of a greater understanding of the need to maintain good health via a nutritious diet. For instance, the GHT Industries is a health-oriented company committed to providing practitioners in the nutrients and supplement industries with top-notch goods through superior component procurement, formulation, production, and distribution.
The industry's expansion is being driven by a rising need for natural ginseng products. Nutrition concerns, ecological responsibility, and an aptitude for organic and sustainable goods are the main factors driving this need boost. Increased realization of the potentially harmful effects conventional agriculture techniques may have on individuals and the environment has led to a shift toward the production of organic products, which are grown without the usage of artificial herbicides, pesticides, or toxic fertilizers. Customers are growing increasingly discriminating in their choices about the sources and manufacturing processes of the goods they purchase. The rising popularity of organic ginseng is a result of growing demand for more environmentally friendly, natural cultivation methods that eliminate the use of artificial chemicals. Thus, it is anticipated that the growing demand for organic goods will propel market expansion..
Growing negative consequences of the substance, including feeling lightheaded, experiencing vomiting, low cholesterol levels, and lack of appetite, would probably operate as a market brake on the expansion of ginseng supplements. Constantly consuming excessive amounts of vitamins can cause a number of health issues, including kidney damage, cramping, and constipation. Users of supplements containing ginseng have reported adverse side effects, including muscular pulls, water retention, diarrhea, renal damage, and cardiac problems, albeit most of the observations are informal. Although customers often want to gain weight, this is the main adverse consequence of ginseng supplementation that has been scientifically proven. These regulations are likely to hinder the growth of the global market for ginseng supplements.
The COVID-19 pandemic's rapid spread has benefited market growth. It is hard to forecast the long-term impacts because the global industry is now coping with the outbreak. They might, however, have an impact on trade and the production of products that contain ginseng supplements. Nevertheless, there is a huge need for human nutritional supplements in both developed and developing countries since they increase immunity and reduce the possibility of health problems, which is expected to propel product growth.
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The major players in the ginseng supplements industry employ a wide range of tactics to maintain and grow their share of the global market. These include mergers and acquisitions, partnerships, collaboration, joint ventures, production process innovations, product line expansions, and improvements to existing products. They also seek out new customers in the endless ginseng supplements markets worldwide.
Top Companies Market Share in Ginseng Supplements Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the ginseng supplements market, and the region is expected to have significant growth during the projected period. This is because laws are well-organized and effective and because dietary issues are becoming more commonly acknowledged. The main drivers propelling the growth of the ginseng supplement market are the increase in vitamin deficiencies and obesity. The region is well-represented in terms of major producers, merchants, and sellers of nutritional items. This system supports specialized healthcare organizations, internet platforms, and well-known retail stores, as well as enhanced form accessibility and portability.
Asia Pacific stands out as the fastest-growing region in the ginseng supplements market due to the fact that more people are becoming older, developing vegetarianism, and becoming sports fans. The worldwide market for ginseng supplements is also growing due to rising consumer desire for goods that enhance appearance.
The current report Scope analyzes Ginseng Supplements Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global ginseng supplements market size was estimated at USD 796.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 318.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
According to Cognitive Market Research, the global ginseng supplements market size was estimated at USD 796.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 183.22 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
According to Cognitive Market Research, the global ginseng supplements market size was estimated at USD 796.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 39.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. .
According to Cognitive Market Research, the global ginseng supplements Market size was estimated at USD 796.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 15.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..
Global Ginseng Supplements Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ginseng Supplements Industry growth. Ginseng Supplements market has been segmented with the help of its Type Outlook:, Application Outlook: Form Outlook:, and others. Ginseng Supplements market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Ginseng Supplements market.
Type Segment analysis of Ginseng Supplements industry helps to understand the different components, trends, and consumer preferences within the industry. The F&B industry encompasses various products, from fresh produce to processed foods, beverages, and others. This diversity allows for creativity and innovation in product development. This chapter offers revenue share analysis of Ginseng Supplements market at global as well as regional level. This detailed analysis helps to understand the specific needs of different customers. Moreover, it can help to make key decisions about product development, pricing strategies, and market positioning.
Type Outlook: of Ginseng Supplements analyzed in this report are as follows:
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According to Cognitive Market Research, the immune system support segment holds the largest share of the market because of the growing acceptance of organic healthcare products. The current level of consumption fuels the need for portable, health-promoting items. Fitness-conscious customers are increasingly turning to ginseng-based functional drinks to increase immunity and lower their chance of developing chronic illnesses.
In the ginseng supplements market, stress adaptogen usage has been growing quickly. Because of the growing use of ginseng to cure a range of ailments, including cancer and heart problems. Ginseng is used in many healthcare settings and possesses anti-inflammatory and antioxidant properties. Increasingly, ginseng is being used to treat autoimmune and neurological diseases, which is driving this market higher.
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According to Cognitive Market Research, the dominant category is powder because they are practical, flexible, and easy to use. The fact that these beneficial supplements are typically combined with powders or beverages makes it easy to consume them before or after exercise. They appeal to both athletes and fit amateurs because they provide a changeable prescription that allows users to adjust consumption based on their unique physiological requirements and fitness objectives.
The fastest-growing category in the ginseng supplements market is capsules. Ginseng supplement capsules are growing in popularity due to their variety of forms, adaptability, precise dose control, and simplicity of usage. The combination of these factors contributes to its widespread usage and appeal among consumers seeking easy-to-follow methods for reaching their dietary and physical health requirements..
According to Cognitive Market Research, the dominant category is online. These online retailers are incredibly user-friendly, allowing customers to browse, assess, and purchase ginseng supplements from the comfort of their homes or while on the go with portable electronics. Thanks to the many forms that are readily available online, customers may investigate different manufacturers and solutions, research assessments, and make well-informed purchasing decisions based on their unique demands.
The fastest-growing category in the ginseng supplements market is supermarkets/hypermarkets. Because of their useful and pleasant form, ginseng supplements are becoming more and more popular, and supermarkets and hypermarkets often carry a wide variety of them. Many ginseng vitamins are available in supermarkets and hypermarkets, catering to different age groups, generations, and dietary needs.
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Conclusion
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Type Outlook: | Red ginseng, White ginseng, American ginseng, Others |
Application Outlook: | Stress adaptogen, Immune system support, Sports Nutrition, Others |
Form Outlook: | Capsule/ tablet, Powder, Liquid extract, Others |
Distribution Channel Outlook: | Online, Pharmacies and drugstore, Supermarkets/hypermarkets |
List of Competitors | Korean Ginseng Export Corporation, Organika Health Products Inc.s, Ilhwa Co. Ltd, Korean Ginseng Corp., RFI Ingredients, Inc., Koshiro Co Ltd, Daedong Korea Ginseng Co., Ltd, Ningbo Gianon Biotech Co., Ltd., Sino-Nature International Co., Ltd., Shanghai FanPharma Co., Ltd, Nature's Way |
This chapter will help you gain GLOBAL Market Analysis of Ginseng Supplements. Further deep in this chapter, you will be able to review Global Ginseng Supplements Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2019 -2031
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Chapter 11 Market Split by Application Outlook: Analysis 2019 -2031
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Chapter 12 Market Split by Form Outlook: Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Outlook: Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ginseng Supplements market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Red ginseng have a significant impact on Ginseng Supplements market? |
What are the key factors affecting the Red ginseng and White ginseng of Ginseng Supplements Market? |
What is the CAGR/Growth Rate of Stress adaptogen during the forecast period? |
By type, which segment accounted for largest share of the global Ginseng Supplements Market? |
Which region is expected to dominate the global Ginseng Supplements Market within the forecast period? |
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