Ginseng Market is expected to reach US$ 1000.79 million by 2031 | Top Companies - Korea Ginseng Corp., RFI Ingredients, Minova Life Science Pvt Ltd, KT&G Corp.

Market Size and Growth:

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 global trade and commercialization of ginseng, a medicinal root valued for its health-boosting properties, including immunity enhancement, energy support, and cognitive benefits. It includes raw ginseng, extracts, powders, capsules, and beverages, catering to pharmaceuticals, nutraceuticals, and functional foods. Market growth is driven by rising health awareness, natural remedies demand, and expanding applications in wellness industries.

Recent Key Developments of United States:

✅ December 2025: Ginseng prices reached 46 USD/KG, fueled by robust demand for branded supplements, functional beverages, e-commerce sales, and constraints on mature root supply.

✅ November 2025: Jung Kwan Jang launched Black Friday promotions from November 20 to December 1, offering up to 60% off on Korean Red Ginseng products, boosting U.S. wellness innovations and consumer access.

✅ October 2025: Wisconsin solidified its position as the leading U.S. production hub for ginseng, accounting for 95% of domestic supply amid advancements in cultivation techniques that improved yield quality.

Recent Key Developments of Europe:

✅ November 2025: Companies launched advanced brain health supplements with plant extracts like ginseng across Europe, bolstering the region's cognitive nutrition sector.

✅ October 2025: European nutraceutical firms expanded clean-label vegan brain supplements potentially incorporating ginseng extracts to meet rising demand for natural cognitive products.

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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