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United States Ginseng Vitamins Market 2025 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities
Ginseng Vitamins Market
Global Ginseng Vitamins Market reached US$ 29.12 million in 2023 and is expected to reach US$ 49. 29 million by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031.
Key Development:
United States: Recent Industry Developments
✅ July 2025 - KGC launched RXGin PEAK UP, a red ginseng-based product aimed at supporting male vitality and addressing andropause-related health concerns.
✅ July 2025 - KGC showcased its flagship brand, JungKwanJang, at the Growth Asia Summit in Singapore, emphasizing the health benefits of Korean red ginseng to a global audience.
✅ March 2025 - Korean Ginseng Corporation (KGC) received the 2025 Varro E. Tyler Award from the American Botanical Council, recognizing its extensive research and development in Korean red ginseng products.
Japan: Recent Industry Developments
✅ October 2025 - Japanese companies are exploring innovative applications of ginseng, including the development of ginseng-infused candies in flavors like coffee and mint, utilizing nanotechnology to mask the herb's bitterness.
✅ July 2025 - Japan's ginseng market reached a price of $46 USD/kg, influenced by consistent demand from traditional Kampo medicine and functional beverage sectors.
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Recent Mergers and Acquisitions:
United States: Recent M&A Developments
✅ August 2025 - Maase Inc. completed the acquisition of Carve Group Ltd., a strategic move to expand its healthcare and wellness offerings.
✅ July 2025 - BioVivo Science inaugurated a $70 million U.S. manufacturing facility in Jeffersonville, Indiana, to produce water-soluble American ginseng extract for the nutraceutical market.
Japan: Recent M&A Developments
✅ May 2025 - Nongfu Spring announced the acquisition of Shandong Ginseng Company to enhance its functional beverages portfolio and strengthen distribution for ginseng-based oral liquids.
✅ April 2025 - KT&G initiated efforts to acquire a Japanese ginseng company, seeking to expand its ginseng business internationally.
✅ March 2025 - Korea Ginseng Corporation (KGC) acquired Panaxea GmbH, a German ginseng extract company, to expand its European market presence.
Key Players:
=> DM Pharma, Soigner Pharma, United Laboratories, Aden Healthcare, Kabir Lifesciences, AdvaCare Pharma, ZOIC BIOTECH PRIVATE LIMITED, Aelida Healthcare, Velnex Medicare, and Stensa Life Sciences.
Growth Forecast Projected:
The Global Ginseng Vitamins Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Ginseng Vitamins Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
➥ By Ingredient: Vitamin C, Vitamin B1, Vitamin B12, Vitamin B2, Others
➥ By Form: Capsule, Syrup, Tablets, Powder
➥ By Distribution Channel: Online, Offline
➥ By Application: Anticancer, Antioxidant, Anti-inflammatory, Others
Regional Analysis for Ginseng Vitamins Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Ginseng Vitamins producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Ginseng Vitamins revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ
What is the current size of the Ginseng Vitamins Market?
A: In 2023, the Ginseng Vitamins Market was valued at US$ 29.12 million, reflecting its strong industry presence.
Q2: How large is the Ginseng Vitamins Market expected to be by 2031?
A: By 2031, industry forecasts suggest the Ginseng Vitamins Market will grow to around US$ 49. 29 million, demonstrating significant expansion.
Q3: What is the growth rate of the Ginseng Vitamins Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2024 to 2031.
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