Ginseng extract is derived from a plant known as adaptogenic plant. It is referred to as adaptogen which implies that it resists chemical, biological & physical stress and boosts general vitality. It has the presence of ginsenosides and gintonin. Ginseng may be included in energy drinks or herbal teas in small amounts or sold as a dietary supplement.
Global Ginseng Extracts Market: Key Players
The research study includes profiles of leading companies operating in the global Ginseng Extracts market. Key players profiled in the report include: Shanti Natural; RFI ingredient; Orkla Health; KGEC; Herbal Bioactives; Hangzhou Skyherb; Nino Biotech; Sinochem Pharmaceutical; Liuyang Naturalin Bio; and Clariant.
These players have a strong geographical presence with large production plants, high investment capacities, and a well-established supply chain.
Drivers for the Global Ginseng Extracts Market:
Increasing application of ginseng extracts in cosmetic and personal care industry globally enhance the market. Further, rising cosmetic and personal care industry across the globe boost the ginseng extracts market. Additionally, with the continuously changing socioeconomic status, customers have now become more concerned about their health. Consumption of plant-derived products having noticeably less side effects that is gaining vast recognition over the last few years. Thus, this factor majorly impacts the growth of ginseng extracts market.
Opportunities for the Global Ginseng Extracts Market:
Increasing interest in the role of ginseng as a functional food or Nutraceuticals with growing market value will create huge opportunities for ginseng extracts market in coming years. They are used as antitumor, antioxidant, skin protecting, ant hyperglycemic, anti-infective, anti-osteoporotic, anticancer and respiratory problems. Thus, its wide array of applications in pharmaceutical industry will propel the growth of market in near future.
Restrains for the Global Ginseng Extracts Market:
However, there are some side effects associated with ginseng extracts which can hamper its growth. For instance, it causes nervousness, insomnia, changes in blood pressure, breast pain, vaginal bleeding, vomiting, diarrhea, and mania which may hinder its growth.
Region Wise, Global Ginseng Extracts Market Analysis:
Asia Pacific accounted for the largest revenue share in year 2019 due to rapid utilization in food product manufacturing. Additionally, there are massive changes in consumer preferences towards natural food products due to side effects caused by human-made additives. Moreover, North America is expected to witness increased demand over the forecast period owing to the extensive utilization of ginseng extract as an adaptogen. Other regions are also showing significant growth in market due to growing health foods industry as well as surge in demand for dietary supplements.
Covid-19: Impact and Recovery Analysis for Global Ginseng Extracts Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries. With Covid-19 infections raising globally, the apprehension regarding a shortage of essential life-saving devices and other essential supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widen. However, demand for ginseng extracts has been enhanced as it has wide range of applications in pharmaceutical industry.
Global Ginseng Extracts Market: Product analysis
Global Ginseng Extracts Market: Applications analysis
- Cosmetics & Personal Care
- Food & Beverages
- Dietary Supplements
Global Ginseng Extracts Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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