Ginseng Extract Market Research Report, Drivers, Scope and Regional Analysis by 2026 – UNLV The Rebel Yell
According to the latest IMARC Group report, entitled “Ginseng Extract Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026“, The the global ginseng extract market has grown at a CAGR of around 5% over the period 2015-2020. Ginseng, or Panax ginseng, is a herbal medicine that has a distinctive saponin known as ginsenosides in its roots. Ginseng extract is obtained by drying the root of the ginseng plant. These dried roots are sometimes steamed and then percolated with an aqueous solution of propylene glycol or alcohol. It contains large amounts of phenolic compounds, saponin, carotenoids, salicylic acid, vanilla acid, p-coumaric acid and carbohydrates. As a result, it is consumed in the form of herbal supplements to treat stress, depression, attention deficit hyperactivity disorder, and low libido. It is also known to improve thought processes and cognitive deficits by reducing levels of oxidative stress.
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The global ginseng extract market is primarily driven by its growing demand as an essential component in the production of various pharmaceutical drugs, food and drink, and dietary supplements. With the growing preference for natural and organic skin care and personal care products among the masses, ginseng extract is used to make various face creams, lotions and masks. In addition to this, the growing awareness of the health benefits of consuming ginseng extracts has led to its use in the pharmaceutical industry to formulate several drugs. In addition, with changing consumer preferences towards functional and dietary supplements, ginseng extract is widely used to prepare multiple refreshing drinks and East Asian foods with oriental flavors. These factors are expected to propel the market growth in the coming years. Looking ahead, IMARC Group expects the global ginseng extract market to show moderate growth over the next five years.
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
Competitive landscape with key players:
- Baoji Herbest Bio-Tech
- Changsha Huir Organic-Tech
- Clariant SA
- Hangzhou Sky Grass
- Koei kogyo
- Naturalin Bio-Resources Co. Ltd.
- Nino Biotech
- Orkla Health
- RFI ingredient
- Natural Shanti
- Sinochem pharmaceutical.
Breakage by shape:
Breakdown by application:
- Cosmetics and personal care
- Food supplements
- Food and drinks
Breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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