Global Ginseng Products Market 2024-2028

The ginseng market is forecasted to grow by USD 195.03 mn during 2023-2028, accelerating at a CAGR of 5.05% during the forecast period. The report on the ginseng market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.9%
CAGR	5.05%
Incremental Value	$195.03mn

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising awareness of the health benefits of ginseng, the growing popularity of herbal supplements, and increasing demand for ginseng-based beauty and skincare products.

Technavio's ginseng market is segmented as below:

By Distribution Channel

RS and CS
Online

By Application

Dietary supplements
Pharmaceutical products
Functional food and beverage processing

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the increased demand for organic ginseng products as one of the prime reasons driving the ginseng market growth during the next few years. Also, the launch of new ginseng-based products and a growing shift towards personalized health and wellness solutions will lead to sizable demand in the market.

The report on the ginseng market covers the following areas:

Ginseng market sizing
Ginseng market forecast
Ginseng market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ginseng market vendors that include AOS Products Pvt. Ltd., Auragin LLC, Bio Botanica Inc., Botalys SA, Herbal Creations, KAVYA PHARMA, Korea Ginseng Corp., MotherTree Nutra Pvt. Ltd., Natures Way Brands LLC, Nestle SA, Uniray Life Sciences, Velnex Medicare, Zoic Pharmaceuticals Pvt. Ltd., Bob Ginseng LLC, Canada Royal Enoch Phytomedicine Ltd., Ethical Naturals Inc., FREDERIC M, and G and G Century M Sdn Bhd. Also, the ginseng market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77275

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global ginseng products market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global ginseng products market 2018 - 2022 ($ million)
4.2 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

6.1 Market segments
Exhibit 30: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 31: Data Table on Distribution Channel - Market share 2023-2028 (%)
6.2 Comparison by Distribution Channel
Exhibit 32: Chart on Comparison by Distribution Channel
Exhibit 33: Data Table on Comparison by Distribution Channel
6.3 RS and CS - Market size and forecast 2023-2028
Exhibit 34: Chart on RS and CS - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on RS and CS - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on RS and CS - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on RS and CS - Year-over-year growth 2023-2028 (%)
6.4 Online - Market size and forecast 2023-2028
Exhibit 38: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Online - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Distribution Channel
Exhibit 42: Market opportunity by Distribution Channel ($ million)
Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 44: Chart on Application - Market share 2023-2028 (%)
Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application
7.3 Dietary supplements - Market size and forecast 2023-2028
Exhibit 48: Chart on Dietary supplements - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Dietary supplements - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Dietary supplements - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Dietary supplements - Year-over-year growth 2023-2028 (%)
7.4 Pharmaceutical products - Market size and forecast 2023-2028
Exhibit 52: Chart on Pharmaceutical products - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Pharmaceutical products - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Pharmaceutical products - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Pharmaceutical products - Year-over-year growth 2023-2028 (%)
7.5 Functional food and beverage processing - Market size and forecast 2023-2028
Exhibit 56: Chart on Functional food and beverage processing - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Functional food and beverage processing - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Functional food and beverage processing - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Functional food and beverage processing - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Application
Exhibit 60: Market opportunity by Application ($ million)
Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 South Korea - Market size and forecast 2023-2028
Exhibit 95: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on South Korea - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
9.11 Canada - Market size and forecast 2023-2028
Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.12 Hong Kong - Market size and forecast 2023-2028
Exhibit 103: Chart on Hong Kong - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Hong Kong - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Hong Kong - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Hong Kong - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 AOS Products Pvt. Ltd.
Exhibit 115: AOS Products Pvt. Ltd. - Overview
Exhibit 116: AOS Products Pvt. Ltd. - Product / Service
Exhibit 117: AOS Products Pvt. Ltd. - Key offerings
12.4 Auragin LLC
Exhibit 118: Auragin LLC - Overview
Exhibit 119: Auragin LLC - Product / Service
Exhibit 120: Auragin LLC - Key offerings
12.5 Bio Botanica Inc.
Exhibit 121: Bio Botanica Inc. - Overview
Exhibit 122: Bio Botanica Inc. - Product / Service
Exhibit 123: Bio Botanica Inc. - Key offerings
12.6 Botalys SA
Exhibit 124: Botalys SA - Overview
Exhibit 125: Botalys SA - Product / Service
Exhibit 126: Botalys SA - Key offerings
12.7 FREDERIC M
Exhibit 127: FREDERIC M - Overview
Exhibit 128: FREDERIC M - Product / Service
Exhibit 129: FREDERIC M - Key offerings
12.8 G and G Century M Sdn Bhd
Exhibit 130: G and G Century M Sdn Bhd - Overview
Exhibit 131: G and G Century M Sdn Bhd - Product / Service
Exhibit 132: G and G Century M Sdn Bhd - Key offerings
12.9 Herbal Creations
Exhibit 133: Herbal Creations - Overview
Exhibit 134: Herbal Creations - Product / Service
Exhibit 135: Herbal Creations - Key offerings
12.10 KAVYA PHARMA
Exhibit 136: KAVYA PHARMA - Overview
Exhibit 137: KAVYA PHARMA - Product / Service
Exhibit 138: KAVYA PHARMA - Key offerings
12.11 Korea Ginseng Corp.
Exhibit 139: Korea Ginseng Corp. - Overview
Exhibit 140: Korea Ginseng Corp. - Product / Service
Exhibit 141: Korea Ginseng Corp. - Key offerings
12.12 MotherTree Nutra Pvt. Ltd.
Exhibit 142: MotherTree Nutra Pvt. Ltd. - Overview
Exhibit 143: MotherTree Nutra Pvt. Ltd. - Product / Service
Exhibit 144: MotherTree Nutra Pvt. Ltd. - Key offerings
12.13 Natures Way Brands LLC
Exhibit 145: Natures Way Brands LLC - Overview
Exhibit 146: Natures Way Brands LLC - Product / Service
Exhibit 147: Natures Way Brands LLC - Key offerings
12.14 Nestle SA
Exhibit 148: Nestle SA - Overview
Exhibit 149: Nestle SA - Business segments
Exhibit 150: Nestle SA - Key news
Exhibit 151: Nestle SA - Key offerings
Exhibit 152: Nestle SA - Segment focus
12.15 Uniray Life Sciences
Exhibit 153: Uniray Life Sciences - Overview
Exhibit 154: Uniray Life Sciences - Product / Service
Exhibit 155: Uniray Life Sciences - Key offerings
12.16 Velnex Medicare
Exhibit 156: Velnex Medicare - Overview
Exhibit 157: Velnex Medicare - Product / Service
Exhibit 158: Velnex Medicare - Key offerings
12.17 Zoic Pharmaceuticals Pvt. Ltd.
Exhibit 159: Zoic Pharmaceuticals Pvt. Ltd. - Overview
Exhibit 160: Zoic Pharmaceuticals Pvt. Ltd. - Product / Service
Exhibit 161: Zoic Pharmaceuticals Pvt. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
13.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
13.5 List of abbreviations
Exhibit 168: List of abbreviations