Market Overview:
The global ginseng powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for ginseng powder in the pharmaceutical and healthcare industry, increasing awareness about the benefits of ginseng powder among consumers, and growing demand for functional foods and dietary supplements. However, factors such as high price of raw materials used in manufacturing ginseng powder may restrain the growth of this market during the forecast period. On the basis of type, Panax Ginseng accounted for a major share of the global ginseng powder market in 2017. This segment is expected to dominate this market throughoutthe forecast period owing to its numerous health benefits over other typesofg inseng powders . On t he basis o f application , pharma & healthcare was t he largest segment o f th e glob al gin sengg powde r mark et i n 2 017 an d is expec ted t o remain so throughoutthe forecast period . This can be attributedto th e increasin gly popula rity o f gin sengg powde rs as nutraceuticals an d their usein various pharmacological applications . O n th e basi s ol region , North America was t he largest regional mar ket fo r gin sengg powde rs i n 2 017 an d is projectedt obe so through2030.
Product Definition:
Ginseng powder is a type of herbal supplement that is made from the root of the ginseng plant. This powder can be used in a variety of ways, including being mixed into drinks or taken orally. Ginseng powder has been shown to have a number of health benefits, including improving cognitive function, reducing stress levels and boosting energy levels.
Panax Ginseng:
Ginseng is a plant that has been used for thousands of years in Asia as an ingredient in various traditional medicines. Ginseng roots are called “panax”, which means “joy” or “blessing” in Greek. Panax ginseng is the root of a variety of Asian ginseng, widely cultivated and consumed across East Asia as well as North America and Europe.
American Ginseng:
Ginseng is a plant that has been used for centuries in Asia as an adaptogen, to boost the immune system and to increase strength. Ginseng roots are called “ginseng” or “American ginseng”. The plant is of the genus Panax, specifically of the species Panax quinquefolius and Panax ginseng. It's botanical name comes from Latin panaceum meaning "all-healing".
Application Insights:
Pharma and healthcare was the largest application segment in 2017, accounting for over 50% of global ginseng powder market. The product is widely used as an adaptogen to maintain a healthy immune system in patients undergoing chemotherapy or radiotherapy. It is also employed to enhance immunity against bacterial and viral infections, autoimmune diseases, cardiovascular diseases and respiratory disorders.
The cosmetic and skin care segment accounted for USD 21 million in 2016 on account of high demand from countries such as China Japan Korea etc where the products are traditionally used for treating various skin related ailments such as wrinkles pigmentation & spots among others. Ginseng extract has been proven effective against photo aging effects on human skin by improving collagen production which helps reduce wrinkles thus boosting its use across skincare products worldwide driving demand over the forecast period.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40.0% in 2017 and is anticipated to witness significant growth in the near future. The product demand is majorly attributed to China, South Korea, Japan, and Taiwan owing to high consumer awareness regarding health benefits associated with ginseng. In addition, growing healthcare expenditure by governments coupled with rising adoption of natural products for treatment of various diseases are expected to drive regional market growth over the forecast period.
North America was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 due its large pharmaceutical industry base along with increasing R&D activities on Ginseng extract-based drugs for treating diabetes and cancer among others are driving this region’s growth rate higher than other regions across globe as per recent trends observed by Market Research Future (MRF) Ltd., UK in 2018 edition of their Pharmaceutical Outlook Report).
Growth Factors:
- Increasing demand for natural and organic products: The global ginseng powder market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for natural and organic products.
- Rising awareness about the health benefits of ginseng: The growing awareness about the health benefits of ginseng is another key factor driving the growth of this market.
- Growing popularity of traditional medicines: The popularity of traditional medicines is another major factor fuelling the growth of this market.
- Rising disposable income in developing countries: A rise in disposable income in developing countries is also propelling the growth of this market as consumers are increasingly spending on luxury items such as herbal supplements and powders.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ginseng Powder Market Research Report
By Type
Panax Ginseng, American Ginseng
By Application
Pharma & Healthcare, Cosmetic & Skin Care, Food & Feed Additives, Other
By Companies
Boots, Orkla Health, Pharmaton, Allcura Naturheilmittel GmbH, Ginsana, NATURE ESSENTIAL, Oxford Vitality, Ortis, Vitastore, Elemis, Molinari, Erborian
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Ginseng Powder Market Report Segments:
The global Ginseng Powder market is segmented on the basis of:
Types
Panax Ginseng, American Ginseng
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharma & Healthcare, Cosmetic & Skin Care, Food & Feed Additives, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boots
- Orkla Health
- Pharmaton
- Allcura Naturheilmittel GmbH
- Ginsana
- NATURE ESSENTIAL
- Oxford Vitality
- Ortis
- Vitastore
- Elemis
- Molinari
- Erborian
Highlights of The Ginseng Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Panax Ginseng
- American Ginseng
- By Application:
- Pharma & Healthcare
- Cosmetic & Skin Care
- Food & Feed Additives
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ginseng Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ginseng powder is a type of herbal supplement that is made from the roots and leaves of the ginseng plant. Ginseng has been used in Asia for centuries to improve energy, stamina, and overall health.
Some of the major players in the ginseng powder market are Boots, Orkla Health, Pharmaton, Allcura Naturheilmittel GmbH, Ginsana, NATURE ESSENTIAL, Oxford Vitality, Ortis, Vitastore, Elemis, Molinari, Erborian.
The ginseng powder market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ginseng Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ginseng Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ginseng Powder Market - Supply Chain
4.5. Global Ginseng Powder Market Forecast
4.5.1. Ginseng Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ginseng Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ginseng Powder Market Absolute $ Opportunity
5. Global Ginseng Powder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ginseng Powder Market Size and Volume Forecast by Type
5.3.1. Panax Ginseng
5.3.2. American Ginseng
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ginseng Powder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ginseng Powder Market Size and Volume Forecast by Application
6.3.1. Pharma & Healthcare
6.3.2. Cosmetic & Skin Care
6.3.3. Food & Feed Additives
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ginseng Powder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ginseng Powder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ginseng Powder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ginseng Powder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ginseng Powder Demand Share Forecast, 2019-2026
9. North America Ginseng Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ginseng Powder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ginseng Powder Market Size and Volume Forecast by Application
9.4.1. Pharma & Healthcare
9.4.2. Cosmetic & Skin Care
9.4.3. Food & Feed Additives
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ginseng Powder Market Size and Volume Forecast by Type
9.7.1. Panax Ginseng
9.7.2. American Ginseng
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ginseng Powder Demand Share Forecast, 2019-2026
10. Latin America Ginseng Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ginseng Powder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ginseng Powder Market Size and Volume Forecast by Application
10.4.1. Pharma & Healthcare
10.4.2. Cosmetic & Skin Care
10.4.3. Food & Feed Additives
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ginseng Powder Market Size and Volume Forecast by Type
10.7.1. Panax Ginseng
10.7.2. American Ginseng
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ginseng Powder Demand Share Forecast, 2019-2026
11. Europe Ginseng Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ginseng Powder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ginseng Powder Market Size and Volume Forecast by Application
11.4.1. Pharma & Healthcare
11.4.2. Cosmetic & Skin Care
11.4.3. Food & Feed Additives
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ginseng Powder Market Size and Volume Forecast by Type
11.7.1. Panax Ginseng
11.7.2. American Ginseng
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ginseng Powder Demand Share, 2019-2026
12. Asia Pacific Ginseng Powder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ginseng Powder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ginseng Powder Market Size and Volume Forecast by Application
12.4.1. Pharma & Healthcare
12.4.2. Cosmetic & Skin Care
12.4.3. Food & Feed Additives
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ginseng Powder Market Size and Volume Forecast by Type
12.7.1. Panax Ginseng
12.7.2. American Ginseng
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ginseng Powder Demand Share, 2019-2026
13. Middle East & Africa Ginseng Powder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ginseng Powder Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ginseng Powder Market Size and Volume Forecast by Application
13.4.1. Pharma & Healthcare
13.4.2. Cosmetic & Skin Care
13.4.3. Food & Feed Additives
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ginseng Powder Market Size and Volume Forecast by Type
13.7.1. Panax Ginseng
13.7.2. American Ginseng
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ginseng Powder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ginseng Powder Market: Market Share Analysis
14.2. Ginseng Powder Distributors and Customers
14.3. Ginseng Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Boots
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Orkla Health
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pharmaton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Allcura Naturheilmittel GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ginsana
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NATURE ESSENTIAL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Oxford Vitality
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ortis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Vitastore
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Elemis
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Molinari
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Erborian
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
