Ginseng Market Size 2025-2029
The ginseng market size is forecast to increase by USD 208.5 million, at a CAGR of 5.1% between 2024 and 2029.
- The market is experiencing significant growth, driven primarily by the increasing awareness of the health benefits associated with this ancient herb. Consumers are increasingly seeking out ginseng products for their potential energy boosting, immune system enhancing, and stress-reducing properties. This trend is further fueled by the rising demand for organic ginseng, as consumers become more health-conscious and prefer products free from synthetic additives. However, this market faces challenges, primarily in the form of the high susceptibility of ginseng plants to pests control and diseases, which can significantly impact production yields.
- This creates an opportunity for companies to invest in research and development of sustainable farming practices and innovative solutions to mitigate these risks, ensuring a consistent supply of high-quality ginseng products. To capitalize on this market potential, companies must stay informed of consumer preferences and adapt to emerging trends, while also addressing the challenges of sustainable production to maintain a competitive edge.
What will be the Size of the Ginseng Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Source
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Ginseng Market 2019 - 2023
- Historic Market Size - Data Table on Global Ginseng Market 2019 - 2023 ($ million)
- 5.2 Distribution Channel segment analysis 2019 - 2023
- Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ million)
- 5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.4 Source segment analysis 2019 - 2023
- Historic Market Size - Source Segment 2019 - 2023 ($ million)
- 5.5 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
- 5.6 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.7 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Global Ginseng Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Distribution Channel
- 8.1 Market segments
- Chart on Distribution Channel - Market share 2024-2029 (%)
- Data Table on Distribution Channel - Market share 2024-2029 (%)
- 8.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 8.3 RSC - Market size and forecast 2024-2029
- Chart on RSC - Market size and forecast 2024-2029 ($ million)
- Data Table on RSC - Market size and forecast 2024-2029 ($ million)
- Chart on RSC - Year-over-year growth 2024-2029 (%)
- Data Table on RSC - Year-over-year growth 2024-2029 (%)
- 8.4 Online - Market size and forecast 2024-2029
- Chart on Online - Market size and forecast 2024-2029 ($ million)
- Data Table on Online - Market size and forecast 2024-2029 ($ million)
- Chart on Online - Year-over-year growth 2024-2029 (%)
- Data Table on Online - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)
9 Market Segmentation by Application
- 9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 9.3 Dietary supplements - Market size and forecast 2024-2029
- Chart on Dietary supplements - Market size and forecast 2024-2029 ($ million)
- Data Table on Dietary supplements - Market size and forecast 2024-2029 ($ million)
- Chart on Dietary supplements - Year-over-year growth 2024-2029 (%)
- Data Table on Dietary supplements - Year-over-year growth 2024-2029 (%)
- 9.4 Pharmaceutical products - Market size and forecast 2024-2029
- Chart on Pharmaceutical products - Market size and forecast 2024-2029 ($ million)
- Data Table on Pharmaceutical products - Market size and forecast 2024-2029 ($ million)
- Chart on Pharmaceutical products - Year-over-year growth 2024-2029 (%)
- Data Table on Pharmaceutical products - Year-over-year growth 2024-2029 (%)
- 9.5 Functional food and beverage processing - Market size and forecast 2024-2029
- Chart on Functional food and beverage processing - Market size and forecast 2024-2029 ($ million)
- Data Table on Functional food and beverage processing - Market size and forecast 2024-2029 ($ million)
- Chart on Functional food and beverage processing - Year-over-year growth 2024-2029 (%)
- Data Table on Functional food and beverage processing - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
10 Market Segmentation by Source
- 10.1 Market segments
- Chart on Source - Market share 2024-2029 (%)
- Data Table on Source - Market share 2024-2029 (%)
- 10.2 Comparison by Source
- Chart on Comparison by Source
- Data Table on Comparison by Source
- 10.3 Fresh - Market size and forecast 2024-2029
- Chart on Fresh - Market size and forecast 2024-2029 ($ million)
- Data Table on Fresh - Market size and forecast 2024-2029 ($ million)
- Chart on Fresh - Year-over-year growth 2024-2029 (%)
- Data Table on Fresh - Year-over-year growth 2024-2029 (%)
- 10.4 Processed - Market size and forecast 2024-2029
- Chart on Processed - Market size and forecast 2024-2029 ($ million)
- Data Table on Processed - Market size and forecast 2024-2029 ($ million)
- Chart on Processed - Year-over-year growth 2024-2029 (%)
- Data Table on Processed - Year-over-year growth 2024-2029 (%)
- 10.5 Market opportunity by Source
- Market opportunity by Source ($ million)
- Data Table on Market opportunity by Source ($ million)
11 Market Segmentation by End-user
- 11.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 11.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 11.3 Asian ginseng - Market size and forecast 2024-2029
- Chart on Asian ginseng - Market size and forecast 2024-2029 ($ million)
- Data Table on Asian ginseng - Market size and forecast 2024-2029 ($ million)
- Chart on Asian ginseng - Year-over-year growth 2024-2029 (%)
- Data Table on Asian ginseng - Year-over-year growth 2024-2029 (%)
- 11.4 American ginseng - Market size and forecast 2024-2029
- Chart on American ginseng - Market size and forecast 2024-2029 ($ million)
- Data Table on American ginseng - Market size and forecast 2024-2029 ($ million)
- Chart on American ginseng - Year-over-year growth 2024-2029 (%)
- Data Table on American ginseng - Year-over-year growth 2024-2029 (%)
- 11.5 Siberian ginseng - Market size and forecast 2024-2029
- Chart on Siberian ginseng - Market size and forecast 2024-2029 ($ million)
- Data Table on Siberian ginseng - Market size and forecast 2024-2029 ($ million)
- Chart on Siberian ginseng - Year-over-year growth 2024-2029 (%)
- Data Table on Siberian ginseng - Year-over-year growth 2024-2029 (%)
- 11.6 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 11.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 13.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 13.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 13.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 13.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 13.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 13.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 13.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 13.10 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 13.11 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 13.12 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 13.13 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 13.14 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 13.15 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 13.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 13.17 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 13.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
14 Drivers, Challenges, and Opportunity/Restraints
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 14.4 Market opportunities/restraints
15 Competitive Landscape
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.2 Company ranking index
- 16.3 Market positioning of companies
- Matrix on companies position and classification
- 16.4 AOS Products Pvt. Ltd.
- AOS Products Pvt. Ltd. - Overview
- AOS Products Pvt. Ltd. - Product / Service
- AOS Products Pvt. Ltd. - Key offerings
- SWOT
- 16.5 Auragin LLC
- Auragin LLC - Overview
- Auragin LLC - Product / Service
- Auragin LLC - Key offerings
- SWOT
- 16.6 Bio Botanica Inc.
- Bio Botanica Inc. - Overview
- Bio Botanica Inc. - Product / Service
- Bio Botanica Inc. - Key offerings
- SWOT
- 16.7 Botalys SA
- Botalys SA - Overview
- Botalys SA - Product / Service
- Botalys SA - Key offerings
- SWOT
- 16.8 Frederic M
- Frederic M - Overview
- Frederic M - Product / Service
- Frederic M - Key offerings
- SWOT
- 16.9 G and G Century M. Sdn Bhd.
- G and G Century M. Sdn Bhd. - Overview
- G and G Century M. Sdn Bhd. - Product / Service
- G and G Century M. Sdn Bhd. - Key offerings
- SWOT
- 16.10 Herbal Creations
- Herbal Creations - Overview
- Herbal Creations - Product / Service
- Herbal Creations - Key offerings
- SWOT
- 16.11 KAVYA PHARMA
- KAVYA PHARMA - Overview
- KAVYA PHARMA - Product / Service
- KAVYA PHARMA - Key offerings
- SWOT
- 16.12 Korea Ginseng Corp.
- Korea Ginseng Corp. - Overview
- Korea Ginseng Corp. - Product / Service
- Korea Ginseng Corp. - Key offerings
- SWOT
- 16.13 MotherTree Nutra Pvt. Ltd.
- MotherTree Nutra Pvt. Ltd. - Overview
- MotherTree Nutra Pvt. Ltd. - Product / Service
- MotherTree Nutra Pvt. Ltd. - Key offerings
- SWOT
- 16.14 Natures Way Brands LLC
- Natures Way Brands LLC - Overview
- Natures Way Brands LLC - Product / Service
- Natures Way Brands LLC - Key offerings
- SWOT
- 16.15 Nestle SA
- Nestle SA - Overview
- Nestle SA - Business segments
- Nestle SA - Key news
- Nestle SA - Key offerings
- Nestle SA - Segment focus
- SWOT
- 16.16 Uniray Lifesciences
- Uniray Lifesciences - Overview
- Uniray Lifesciences - Product / Service
- Uniray Lifesciences - Key offerings
- SWOT
- 16.17 Velnex Medicare India Pvt. Ltd.
- Velnex Medicare India Pvt. Ltd. - Overview
- Velnex Medicare India Pvt. Ltd. - Product / Service
- Velnex Medicare India Pvt. Ltd. - Key offerings
- SWOT
- 16.18 Zoic Pharmaceuticals Pvt. Ltd.
- Zoic Pharmaceuticals Pvt. Ltd. - Overview
- Zoic Pharmaceuticals Pvt. Ltd. - Product / Service
- Zoic Pharmaceuticals Pvt. Ltd. - Key offerings
- SWOT
17 Appendix
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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