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Ginseng-Global Market Insights and Sales Trends 2025
Synopsis
Ginseng is the root of plants in the genus Panax, such as Korean ginseng (P. ginseng), South China ginseng (P. notoginseng), and American ginseng (P. quinquefolius), characterized by the presence of ginsenosides and gintonin. Ginseng is common in the cuisines and medicines of China and Korea.
The global Ginseng market size is expected to reach US$ 13180 million by 2029, growing at a CAGR of 9.6% from 2023 to 2029. The market is mainly driven by the significant applications of Ginseng in various end use industries. The expanding demands from the Pharma & Healthcare, Cosmetic & Skin Care, Food Additives and Others, are propelling Ginseng market. Korean Ginseng, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the American Ginseng segment is estimated at % CAGR for the next seven-year period.
Ginseng has been used in traditional medicine over centuries, though modern clinical research is inconclusive about its medical effectiveness. There is no substantial evidence that ginseng is effective for treating any medical condition and it has not been approved by the US Food and Drug Administration (FDA) as a prescription drug. Although ginseng is sold as a dietary supplement, inconsistent manufacturing practices for supplements have led to analyses of some ginseng products contaminated with toxic metals or unrelated filler compounds, and its excessive use may have adverse effects or untoward interactions with prescription drugs.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Ginseng, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Ginseng market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Ginseng market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Ginseng sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Ginseng covered in this report include KGEC, Korea Ginseng Corp, HiYoU, The Boots Company, Starwest Botanicals, RFI Ingredients, Elemis, Jilin Zixin Pharmaceutical Industrial and Great Mountain Ginseng, etc.
The global Ginseng market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
KGEC
Korea Ginseng Corp
HiYoU
The Boots Company
Starwest Botanicals
RFI Ingredients
Elemis
Jilin Zixin Pharmaceutical Industrial
Great Mountain Ginseng
Hain Celestial
BAYLIS & HARDING
Amway
Ethical Naturals
Glanbia
Kefiplant
Naka Focus
Global Ginseng market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Ginseng market, Segment by Type:
Korean Ginseng
American Ginseng
Brazilian Ginseng
Siberian Ginseng
Indian Ginseng
China Ginseng
Global Ginseng market, by Application
Pharma & Healthcare
Cosmetic & Skin Care
Food Additives
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Ginseng manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Ginseng in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Ginseng is the root of plants in the genus Panax, such as Korean ginseng (P. ginseng), South China ginseng (P. notoginseng), and American ginseng (P. quinquefolius), characterized by the presence of ginsenosides and gintonin. Ginseng is common in the cuisines and medicines of China and Korea.
The global Ginseng market size is expected to reach US$ 13180 million by 2029, growing at a CAGR of 9.6% from 2023 to 2029. The market is mainly driven by the significant applications of Ginseng in various end use industries. The expanding demands from the Pharma & Healthcare, Cosmetic & Skin Care, Food Additives and Others, are propelling Ginseng market. Korean Ginseng, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the American Ginseng segment is estimated at % CAGR for the next seven-year period.
Ginseng has been used in traditional medicine over centuries, though modern clinical research is inconclusive about its medical effectiveness. There is no substantial evidence that ginseng is effective for treating any medical condition and it has not been approved by the US Food and Drug Administration (FDA) as a prescription drug. Although ginseng is sold as a dietary supplement, inconsistent manufacturing practices for supplements have led to analyses of some ginseng products contaminated with toxic metals or unrelated filler compounds, and its excessive use may have adverse effects or untoward interactions with prescription drugs.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Ginseng, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Ginseng market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Ginseng market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Ginseng sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Ginseng covered in this report include KGEC, Korea Ginseng Corp, HiYoU, The Boots Company, Starwest Botanicals, RFI Ingredients, Elemis, Jilin Zixin Pharmaceutical Industrial and Great Mountain Ginseng, etc.
The global Ginseng market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
KGEC
Korea Ginseng Corp
HiYoU
The Boots Company
Starwest Botanicals
RFI Ingredients
Elemis
Jilin Zixin Pharmaceutical Industrial
Great Mountain Ginseng
Hain Celestial
BAYLIS & HARDING
Amway
Ethical Naturals
Glanbia
Kefiplant
Naka Focus
Global Ginseng market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Ginseng market, Segment by Type:
Korean Ginseng
American Ginseng
Brazilian Ginseng
Siberian Ginseng
Indian Ginseng
China Ginseng
Global Ginseng market, by Application
Pharma & Healthcare
Cosmetic & Skin Care
Food Additives
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Ginseng manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Ginseng in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Ginseng Market Overview
1.1 Ginseng Product Overview
1.2 Ginseng Market Segment by Type
1.2.1 Korean Ginseng
1.2.2 American Ginseng
1.2.3 Brazilian Ginseng
1.2.4 Siberian Ginseng
1.2.5 Indian Ginseng
1.2.6 China Ginseng
1.3 Global Ginseng Market Size by Type
1.3.1 Global Ginseng Market Size Overview by Type (2018-2029)
1.3.2 Global Ginseng Historic Market Size Review by Type (2018-2023)
1.3.3 Global Ginseng Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Ginseng Sales Breakdown by Type (2018-2023)
1.4.2 Europe Ginseng Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Ginseng Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Ginseng Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Ginseng Sales Breakdown by Type (2018-2023)
2 Global Ginseng Market Competition by Company
2.1 Global Top Players by Ginseng Sales (2018-2023)
2.2 Global Top Players by Ginseng Revenue (2018-2023)
2.3 Global Top Players by Ginseng Price (2018-2023)
2.4 Global Top Manufacturers Ginseng Manufacturing Base Distribution, Sales Area, Product Type
2.5 Ginseng Market Competitive Situation and Trends
2.5.1 Ginseng Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Ginseng Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Ginseng as of 2022)
2.7 Date of Key Manufacturers Enter into Ginseng Market
2.8 Key Manufacturers Ginseng Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Ginseng Status and Outlook by Region
3.1 Global Ginseng Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Ginseng Historic Market Size by Region
3.2.1 Global Ginseng Sales in Volume by Region (2018-2023)
3.2.2 Global Ginseng Sales in Value by Region (2018-2023)
3.2.3 Global Ginseng Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Ginseng Forecasted Market Size by Region
3.3.1 Global Ginseng Sales in Volume by Region (2024-2029)
3.3.2 Global Ginseng Sales in Value by Region (2024-2029)
3.3.3 Global Ginseng Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Ginseng by Application
4.1 Ginseng Market Segment by Application
4.1.1 Pharma & Healthcare
4.1.2 Cosmetic & Skin Care
4.1.3 Food Additives
4.1.4 Others
4.2 Global Ginseng Market Size by Application
4.2.1 Global Ginseng Market Size Overview by Application (2018-2029)
4.2.2 Global Ginseng Historic Market Size Review by Application (2018-2023)
4.2.3 Global Ginseng Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Ginseng Sales Breakdown by Application (2018-2023)
4.3.2 Europe Ginseng Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Ginseng Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Ginseng Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Ginseng Sales Breakdown by Application (2018-2023)
5 North America Ginseng by Country
5.1 North America Ginseng Historic Market Size by Country
5.1.1 North America Ginseng Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Ginseng Sales in Volume by Country (2018-2023)
5.1.3 North America Ginseng Sales in Value by Country (2018-2023)
5.2 North America Ginseng Forecasted Market Size by Country
5.2.1 North America Ginseng Sales in Volume by Country (2024-2029)
5.2.2 North America Ginseng Sales in Value by Country (2024-2029)
6 Europe Ginseng by Country
6.1 Europe Ginseng Historic Market Size by Country
6.1.1 Europe Ginseng Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Ginseng Sales in Volume by Country (2018-2023)
6.1.3 Europe Ginseng Sales in Value by Country (2018-2023)
6.2 Europe Ginseng Forecasted Market Size by Country
6.2.1 Europe Ginseng Sales in Volume by Country (2024-2029)
6.2.2 Europe Ginseng Sales in Value by Country (2024-2029)
7 Asia-Pacific Ginseng by Region
7.1 Asia-Pacific Ginseng Historic Market Size by Region
7.1.1 Asia-Pacific Ginseng Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Ginseng Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Ginseng Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Ginseng Forecasted Market Size by Region
7.2.1 Asia-Pacific Ginseng Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Ginseng Sales in Value by Region (2024-2029)
8 Latin America Ginseng by Country
8.1 Latin America Ginseng Historic Market Size by Country
8.1.1 Latin America Ginseng Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Ginseng Sales in Volume by Country (2018-2023)
8.1.3 Latin America Ginseng Sales in Value by Country (2018-2023)
8.2 Latin America Ginseng Forecasted Market Size by Country
8.2.1 Latin America Ginseng Sales in Volume by Country (2024-2029)
8.2.2 Latin America Ginseng Sales in Value by Country (2024-2029)
9 Middle East and Africa Ginseng by Country
9.1 Middle East and Africa Ginseng Historic Market Size by Country
9.1.1 Middle East and Africa Ginseng Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Ginseng Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Ginseng Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Ginseng Forecasted Market Size by Country
9.2.1 Middle East and Africa Ginseng Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Ginseng Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 KGEC
10.1.1 KGEC Company Information
10.1.2 KGEC Introduction and Business Overview
10.1.3 KGEC Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.1.4 KGEC Ginseng Products Offered
10.1.5 KGEC Recent Development
10.2 Korea Ginseng Corp
10.2.1 Korea Ginseng Corp Company Information
10.2.2 Korea Ginseng Corp Introduction and Business Overview
10.2.3 Korea Ginseng Corp Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Korea Ginseng Corp Ginseng Products Offered
10.2.5 Korea Ginseng Corp Recent Development
10.3 HiYoU
10.3.1 HiYoU Company Information
10.3.2 HiYoU Introduction and Business Overview
10.3.3 HiYoU Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.3.4 HiYoU Ginseng Products Offered
10.3.5 HiYoU Recent Development
10.4 The Boots Company
10.4.1 The Boots Company Company Information
10.4.2 The Boots Company Introduction and Business Overview
10.4.3 The Boots Company Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.4.4 The Boots Company Ginseng Products Offered
10.4.5 The Boots Company Recent Development
10.5 Starwest Botanicals
10.5.1 Starwest Botanicals Company Information
10.5.2 Starwest Botanicals Introduction and Business Overview
10.5.3 Starwest Botanicals Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Starwest Botanicals Ginseng Products Offered
10.5.5 Starwest Botanicals Recent Development
10.6 RFI Ingredients
10.6.1 RFI Ingredients Company Information
10.6.2 RFI Ingredients Introduction and Business Overview
10.6.3 RFI Ingredients Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.6.4 RFI Ingredients Ginseng Products Offered
10.6.5 RFI Ingredients Recent Development
10.7 Elemis
10.7.1 Elemis Company Information
10.7.2 Elemis Introduction and Business Overview
10.7.3 Elemis Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Elemis Ginseng Products Offered
10.7.5 Elemis Recent Development
10.8 Jilin Zixin Pharmaceutical Industrial
10.8.1 Jilin Zixin Pharmaceutical Industrial Company Information
10.8.2 Jilin Zixin Pharmaceutical Industrial Introduction and Business Overview
10.8.3 Jilin Zixin Pharmaceutical Industrial Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Jilin Zixin Pharmaceutical Industrial Ginseng Products Offered
10.8.5 Jilin Zixin Pharmaceutical Industrial Recent Development
10.9 Great Mountain Ginseng
10.9.1 Great Mountain Ginseng Company Information
10.9.2 Great Mountain Ginseng Introduction and Business Overview
10.9.3 Great Mountain Ginseng Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Great Mountain Ginseng Ginseng Products Offered
10.9.5 Great Mountain Ginseng Recent Development
10.10 Hain Celestial
10.10.1 Hain Celestial Company Information
10.10.2 Hain Celestial Introduction and Business Overview
10.10.3 Hain Celestial Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Hain Celestial Ginseng Products Offered
10.10.5 Hain Celestial Recent Development
10.11 BAYLIS & HARDING
10.11.1 BAYLIS & HARDING Company Information
10.11.2 BAYLIS & HARDING Introduction and Business Overview
10.11.3 BAYLIS & HARDING Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.11.4 BAYLIS & HARDING Ginseng Products Offered
10.11.5 BAYLIS & HARDING Recent Development
10.12 Amway
10.12.1 Amway Company Information
10.12.2 Amway Introduction and Business Overview
10.12.3 Amway Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Amway Ginseng Products Offered
10.12.5 Amway Recent Development
10.13 Ethical Naturals
10.13.1 Ethical Naturals Company Information
10.13.2 Ethical Naturals Introduction and Business Overview
10.13.3 Ethical Naturals Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Ethical Naturals Ginseng Products Offered
10.13.5 Ethical Naturals Recent Development
10.14 Glanbia
10.14.1 Glanbia Company Information
10.14.2 Glanbia Introduction and Business Overview
10.14.3 Glanbia Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Glanbia Ginseng Products Offered
10.14.5 Glanbia Recent Development
10.15 Kefiplant
10.15.1 Kefiplant Company Information
10.15.2 Kefiplant Introduction and Business Overview
10.15.3 Kefiplant Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Kefiplant Ginseng Products Offered
10.15.5 Kefiplant Recent Development
10.16 Naka Focus
10.16.1 Naka Focus Company Information
10.16.2 Naka Focus Introduction and Business Overview
10.16.3 Naka Focus Ginseng Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Naka Focus Ginseng Products Offered
10.16.5 Naka Focus Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Ginseng Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Ginseng Industrial Chain Analysis
11.4 Ginseng Market Dynamics
11.4.1 Ginseng Industry Trends
11.4.2 Ginseng Market Drivers
11.4.3 Ginseng Market Challenges
11.4.4 Ginseng Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Ginseng Distributors
12.3 Ginseng Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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