Press release
United States Ginseng Extract Market 2026 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities
Market Size and GrowthGinseng Extracts Market is growing at a CAGR of 6.1% during the forecast period (2024-2031).
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Key Development:
United States: Recent Industry Developments
✅ In January 2026, U.S. nutraceutical brands expanded premium Korean and American ginseng formulations targeting energy and cognitive health, responding to rising consumer demand for natural wellness solutions and adaptogenic products in functional supplements.
✅ In December 2025, increased demand for clean‐label herbal supplements boosted imports of certified ginseng extracts and adaptogenic botanicals across U.S. retail and online channels, reinforcing domestic supply chains and product diversity in the nutraceutical market.
✅ In November 2025, functional beverage manufacturers launched ginseng‐infused wellness drinks across major U.S. retail and e‐commerce platforms, combining adaptogenic benefits with convenient formats for health and lifestyle‐focused consumers.
✅ In July 2025, BioVivo Science invested $70 million to open a new cGMP‐certified manufacturing facility in Indiana and launched a water‐soluble American ginseng extract, expanding domestic production capacity and botanical ingredient innovation for functional foods and supplements.
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Japan: Recent Industry Developments
✅ In January 2026, Japanese pharmaceutical and wellness companies incorporated red ginseng extracts into preventive healthcare and nutritional products for aging and vitality support, catering to demographic shifts and increased health awareness.
✅ In December 2025, demand surged for ginseng‐based supplements in Japan focused on immunity and overall well‐being, as manufacturers enhance formulations and distribution to meet lifestyle and longevity‐oriented consumer needs.
✅ In November 2025, innovations in fermentation technology improved the bioavailability of ginseng ingredients used in d!etary supplement formulations, enabling more effective delivery of key bioactive compounds in Japanese ginseng products.
✅ In November 2025, a major Japanese drugstore chain launched a private‐label red ginseng drink aimed at daily fatigue recovery, expanding product options in domestic retail for functional botanical beverages.
Key Players:
=> Amway, Inovital, Starwest Botanicals, Korea Ginseng Corp., Allcura Naturheilmittel GmbH, Oxford Vitality, Boots UK Limited, and Elemis Ltd. among others.
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Key Segments:
By Form
Powder dominates the market with approximately 45% share, driven by flexibility in formulation, ease of dosage customization, and extended shelf life.
Liquid accounts for around 30% share, favored for faster absorption, convenient consumption, and growing use in beverages and supplements.
Capsules represent roughly 25% share, supported by ease of administration, precise dosing, and popularity in pharmaceuticals and d!etary supplements.
By Application
D!etary Supplements lead the market with 35% share, fueled by rising health awareness, immunity boosting, and personalized nutrition trends.
Cosmetics & Personal Care hold 20% share, driven by functional ingredients, anti-aging formulations, and natural product adoption.
Pharmaceuticals represent 25% share, supported by nutraceutical formulations, fortified products, and therapeutic supplements.
Food & Beverages account for 15% share, with functional drinks, fortified snacks, and enriched products driving growth.
Others represent 5% share, including veterinary nutrition, sports nutrition, and niche specialty formulations.
By Distribution Channel
Pharmacies/Drugstores dominate with 40% share, benefiting from regulated distribution, trust, and accessibility of health-focused products.
Supermarkets & Hypermarkets hold 25% share, driven by mass-market appeal and convenience packaging.
Online Sales represent 30% share, growing rapidly due to e-commerce adoption, subscription models, and direct-to-consumer strategies.
Others account for 5% share, including specialty retailers, wellness centers, and direct B2B distribution.
By Region
North America leads with 30% share, fueled by high consumer awareness, regulatory compliance, and innovative formulations.
Europe follows at 25% share, supported by d!etary supplement adoption, functional foods, and personal care products.
Asia Pacific represents 28% share, driven by population growth, rising disposable income, and health-conscious consumers.
Latin America holds 10% share, gradually increasing with urbanization and modern retail expansion.
Middle East & Africa account for 7% share, with niche growth in functional supplements and personal care products.
FAQ
Q: What is the growth rate of the Ginseng Extracts Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2024 to 2031.
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