How Big is the Ginseng Extract Market | Size, Growth & Future Outlook 2025

Q: How big is the ginseng extract market?

The ginseng extract market was estimated at USD 2.4 billion in 2024 and is projected to reach USD 3.48 billion by 2031.

Q: What is the growth rate of the ginseng extract market?

The ginseng extract market is expected to grow at a CAGR of 9.40% from 2025 to 2031.

Q: What drives the ginseng extract market?

Major drivers include demand for herbal wellness products, functional food adoption, and expanding cosmetic uses.

Q: Who are the major players in the ginseng extract market?

Major companies include Korea Ginseng Corp., Nature’s Way, NOW Foods, and Orkla Health.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6738

Publication Date: Jul 2025

What is the size of Ginseng Extract Market?

According to 6Wresearch internal database and industry insights, Global Ginseng Extract Market was estimated atUSD 2.4 billion in 2024 and is projected to reachUSD 3.48 billion by 2031, growing at aCAGR of 9.40% during the forecast period 2025â€“2031.

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Due to increased demand for herbal supplements, rising awareness of preventive healthcare, and the inclusion of ginseng in functional foods and cosmetics, the ginseng extract market is continued to grow in the coming years.

Key Growth Drivers of the Ginseng Extract Market

Increasing adoption of herbal and plant-based health supplements
Growing use in functional beverages and fortified foods
Rising demand for anti-fatigue and immunity-boosting products
Expansion of traditional medicine applications in modern formulations
Incorporation in skincare and anti-aging cosmetic products

Ginseng Extract Market Trends

Ginseng Extract Market is growing over the years as the shift is increasing towards organic and non-GMO ginseng extracts with higher ginsenoside content. Other trends such as capsules, powders, and gummies are gaining popularity among consumers looking for convenience. The launch of adaptogenic blends is pushing the demand which combining ginseng with other botanicals like ashwagandha and turmeric. Asian markets, particularly South Korea and China, continue to lead demand, while North America and Europe are expanding due to rising wellness trends.

Emerging Developments in the Ginseng Extract Market

Ginseng extract market is advancing due to emphasizing focus on standardized high-potency extracts for targeted health benefits such as stress reduction, cognitive enhancement. Another notable trend is the fermented ginseng extracts which is introduced to improve bioavailability and absorption. R&D in nanoparticle encapsulation is enabling enhanced delivery in functional foods and nutraceuticals. Sustainable sourcing and traceability in wild and cultivated ginseng roots are becoming a critical focus for global players.