United States Ginseng Market is expected to reach US$ 1000.79 Million by 2031 | Top key players - Korea Ginseng Corp., RFI Ingredients, Daedong Korea Ginseng Co., Ltd.

Market Size and Forecast:

The Global Ginseng Market size reached US$ 720.12 million in 2022 and is expected to reach US$ 1000.79 million by 2031, growing with a CAGR of 4.2% during the forecast period 2024-2031.

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The Ginseng Market encompasses the cultivation, processing, and sale of ginseng root and its derivatives, including supplements, extracts, and functional foods. Driven by rising health awareness, demand for immunity-boosting, anti-aging, and energy-enhancing products is growing globally. Key players focus on product innovation, sustainable sourcing, and expanding distribution channels across nutraceutical, pharmaceutical, and cosmetic sectors.

Recent Key Developments of United States and Japan:

USA:
BioVivo Science launched a water-soluble American ginseng product and a $70M production facility in the USA as of September 15, 2025.

Ginseng prices in the USA rose to 37 USD/Kg in June 2025 due to constrained harvest volume.

Japan:
The Japan ginseng market is growing, driven by an aging population and rising health awareness, with integration into dietary supplements, energy drinks, and skincare as of June 14, 2025.

Ginseng prices in Japan reached 46 USD/Kg in June 2025, influenced by stable demand from traditional medicine and functional beverages, alongside supply chain challenges.

List of the Key Players in the Ginseng Market:

KOSHIRO COMPANY LIMITED
Korea Ginseng Corp.
RFI Ingredients
Daedong Korea Ginseng Co., Ltd.
Organika Health Products Inc.
Minova Life Science Pvt Ltd
Ilhwa Co., Ltd.
Nature's Way Brands, LLC
KT&G Corp.
HERBAL CREATIONS.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Ginseng Market:

By Source: Wild, Cultivated.

By Form: Raw, Powder, Liquid, Capsule.

By Type: Oriental Ginseng, American Ginseng, Siberian Ginseng, Others.

By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Convenience Markets, Others.

By Application: Dietary Supplements, Pharmaceuticals, Food & Beverages, Personal Care & Cosmetics, Oral Care, Others.

Regional Analysis:

⇥ 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)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Ginseng market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Ginseng Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Ginseng market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Ginseng Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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