Table of Contents
Overview
New York, NY – September 22, 2025 – The Global Ginseng Extracts Market is projected to reach USD 57.1 million by 2034, rising from USD 30.7 million in 2024, with a CAGR of 6.4% between 2025 and 2034. The Asia-Pacific region holds a dominant 38.8% share, equal to USD 11.9 million, underscoring the region’s strong cultural and consumer preference for ginseng-based products.
Ginseng extracts are concentrated bioactive compounds derived from the ginseng root, long valued in both traditional medicine and modern wellness applications. They are recognized for their role in boosting energy, reducing fatigue, supporting immunity, and improving mental clarity. Available in powder, capsule, and liquid forms, these extracts are widely used in dietary supplements, functional foods, beverages, and skincare, benefiting from their adaptogenic and antioxidant properties.
The market is expanding as consumers increasingly choose natural, plant-based remedies and prioritize preventive healthcare. Demand is further supported by the growing popularity of functional beverages and fortified foods, where ginseng is positioned as a value-adding ingredient for vitality and focus. Recent initiatives are also strengthening the sector: a USD 40,000 MPI grant is backing high-value ginseng export efforts, while a ginseng auction contributed USD 50,000 to Ohio’s Wildlife Diversity Fund, reflecting both commercial and community-level importance.
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.
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Report Scope
| Report Features | Description |
|---|---|
| Market Value (2024) | USD 30.7 Million |
| Forecast Revenue (2034) | USD 57.1 Million |
| CAGR (2025-2034) | 6.4% |
| Segments Covered | 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) |
| Competitive Landscape | Shanti Natural, RFI ingredient, KGEC, Herbal Bioactives, Hangzhou Skyherb, Liuyang Naturalin Bio, Clariant, Changsha Huir Biological-Tech, Baoji Herbest Bio-Tech, Koei Kogyo |
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Key Market Segments
By Form Analysis
The powder form led the Ginseng Extracts Market in 2024, capturing a 48.9% share in the By Form segment. Its dominance stems from its versatility, ease of use, and broad applicability in dietary supplements, functional foods, and beverages. Powdered ginseng extract is favored by manufacturers for its seamless integration into various formulations and its extended shelf life compared to liquid alternatives, appealing to both producers and consumers.
The rise in demand for health supplements, driven by consumer interest in energy, focus, and immune support, further solidifies its position. Powdered ginseng’s compatibility with trending products like smoothies, nutritional shakes, and herbal teas, combined with the global growth of e-commerce and health stores marketing it as a premium product, reinforces its nearly half-market share.
By Product Type Analysis
Asian ginseng held a 41.8% share in the By Product Type segment of the Ginseng Extracts Market in 2024. Its leadership is driven by its deep-rooted reputation in traditional medicine and scientifically supported adaptogenic benefits, including fatigue reduction, stamina enhancement, and improved mental clarity.
Widely used in dietary supplements and herbal remedies, Asian ginseng resonates with health-conscious consumers globally, maintaining strong demand in both established and emerging markets. Its integration into diverse formats like powders, capsules, teas, and functional beverages, alongside the growing trend toward holistic and preventive healthcare, strengthens its market dominance and underscores its pivotal role.
By Application Analysis
In 2024, the pharmaceuticals segment accounted for a 28.3% share of the Ginseng Extracts Market. The increasing incorporation of herbal ingredients in mainstream medicine drives this dominance, with ginseng valued for its adaptogenic, antioxidant, and anti-inflammatory properties.
Used in capsules, tablets, and syrups to address stress, fatigue, and immune health, ginseng complements conventional treatments and aligns with the rising demand for plant-based, preventive healthcare solutions. Ongoing research validating its therapeutic benefits enhances its credibility, supporting the pharmaceutical segment’s significant market presence and its role as a cornerstone of natural therapeutics.
Regional Analysis
Asia Pacific led the Ginseng Extracts Market in 2024, holding a 38.8% share valued at USD 11.9 million. Its dominance is rooted in the region’s cultural affinity for ginseng, particularly in China, Korea, and Japan, where it is a staple in traditional health practices and daily nutrition.
Rising urbanization, disposable incomes, and e-commerce accessibility have boosted demand for ginseng in functional foods, supplements, and wellness beverages, especially among younger, health-focused consumers. While North America and Europe show growing interest in herbal supplements, Asia Pacific’s established heritage and robust supply chain provide a competitive edge, positioning it as the market leader and driving global growth.
Top Use Cases
- Energy Boost in Daily Supplements: Ginseng extracts serve as a natural pick-me-up for busy folks feeling drained from work or workouts. Added to capsules or powders, they help fight tiredness and keep energy steady all day. This makes them a go-to for anyone wanting a gentle lift without the crash from caffeine, fitting right into morning routines or afternoon slumps.
- Immune Support During Cold Season: People turn to ginseng extracts in teas or drops to build defenses against sniffles and bugs. Its natural compounds strengthen the body’s shield, easing cold symptoms and speeding recovery. Ideal for families or travelers, it promotes wellness year-round, especially when stress weakens natural barriers.
- Stress Relief for Modern Lifestyles: In today’s fast-paced world, ginseng extracts in tinctures or chews act as a calm-down helper, easing worry and sharpening focus. They balance the body’s response to daily pressures, supporting better sleep and mood. Perfect for students or pros juggling deadlines, offering a soothing herbal edge to unwind naturally.
- Skin Glow in Beauty Products: Beauty lovers mix ginseng extracts into creams or serums for brighter, firmer skin. Its antioxidants fight aging signs like wrinkles and dullness, while soothing irritation. This trendy ingredient in face masks or lotions appeals to those seeking clean, plant-based glow-ups without harsh chemicals.
- Blood Sugar Aid for Wellness Seekers: Folks watching their health use ginseng extracts in shakes or pills to steady sugar levels after meals. It supports steady energy for those with active days, complementing balanced eating. A simple add-on for maintaining vitality, especially for anyone aiming for long-term feel-good habits.
Recent Developments
1. Shanti Natural
Shanti Natural has expanded its ginseng extract offerings, emphasizing full-spectrum, water-soluble powders for enhanced bioavailability in nutraceutical applications. Their recent R&D focuses on standardizing ginsenosides to meet stringent international quality parameters. They are targeting the sports nutrition and energy supplement markets with their highly concentrated extracts, promoting natural vitality and stress relief.
2. RFI Ingredient
RFI Ingredients recently launched its new Wellmune Adaptogen with Ginseng blend, combining its well-established Wellmune yeast beta-glucan with Panax ginseng extract. This development targets the immune and stress support categories, offering a synergistic, clean-label solution for functional foods and beverages. Their focus is on clinically backed, multi-ingredient formulations for holistic health benefits.
3. KGEC
KGEC (Korea Ginseng Export Corporation) has been leveraging its direct access to Korean Panax ginseng. A key development is their investment in advanced extraction technologies like supercritical CO2 to preserve the full profile of bioactive ginsenosides without solvents. This ensures a premium, pure extract for high-end dietary supplements, emphasizing authenticity and traditional efficacy backed by modern science.
4. Herbal Bioactives
Herbal Bioactives is focusing on developing proprietary, synergistic blends featuring ginseng extract. A recent innovation is a combination of their ginseng with other nootropics like ashwagandha and rhodiola, targeting the cognitive health and focus segment. They emphasize scientific validation and offer custom formulation services to brands looking for unique, science-driven herbal solutions for mental performance and endurance.
5. Hangzhou Skyherb
Hangzhou Skyherb has significantly invested in vertically integrating its ginseng supply chain, from cultivation to extraction. Their recent development highlights obtaining new certifications for their ginseng extracts to strengthen their global market position. They are also expanding their product line with various ratios of ginsenosides to cater to specific customer formulation needs.
Conclusion
Ginseng Extracts bloom from an ancient root remedy into a must-have in today’s wellness world. With folks craving natural fixes for fatigue, fuzzy thinking, and fading immunity, this versatile herb shines in everything from daily drinks to skincare saviors. Its gentle adaptogenic vibe aligns perfectly with the shift toward holistic living, where clean ingredients trump quick fixes. Expect ginseng to keep climbing as brands innovate with tasty, easy formats proving once again that time-tested treasures like this one hold endless promise for brighter, bouncier tomorrows.
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