Ginseng Market Size(US$)

CAGR 2024-2030
9.6%
Market Size,2030
USD 13,180
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
Market Segmentation
Report Scope
This report aims to provide a comprehensive presentation of the global market for Ginseng, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Ginseng by region & country, by Type, and by Application.
The Ginseng market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ginseng.
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Ginseng manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Ginseng in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Ginseng in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
Table of Contents
1 Market Overview
1.1 Ginseng Product Introduction
1.2 Global Ginseng Market Size Forecast
1.2.1 Global Ginseng Sales Value (2019-2030)
1.2.2 Global Ginseng Sales Volume (2019-2030)
1.2.3 Global Ginseng Sales Price (2019-2030)
1.3 Ginseng Market Trends & Drivers
1.3.1 Ginseng Industry Trends
1.3.2 Ginseng Market Drivers & Opportunity
1.3.3 Ginseng Market Challenges
1.3.4 Ginseng Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Ginseng Players Revenue Ranking (2023)
2.2 Global Ginseng Revenue by Company (2019-2024)
2.3 Global Ginseng Players Sales Volume Ranking (2023)
2.4 Global Ginseng Sales Volume by Company Players (2019-2024)
2.5 Global Ginseng Average Price by Company (2019-2024)
2.6 Key Manufacturers Ginseng Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Ginseng Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Ginseng
2.9 Ginseng Market Competitive Analysis
2.9.1 Ginseng Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Ginseng Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Ginseng as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Korean Ginseng
3.1.2 American Ginseng
3.1.3 Brazilian Ginseng
3.1.4 Siberian Ginseng
3.1.5 Indian Ginseng
3.1.6 China Ginseng
3.2 Global Ginseng Sales Value by Type
3.2.1 Global Ginseng Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Ginseng Sales Value, by Type (2019-2030)
3.2.3 Global Ginseng Sales Value, by Type (%) (2019-2030)
3.3 Global Ginseng Sales Volume by Type
3.3.1 Global Ginseng Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Ginseng Sales Volume, by Type (2019-2030)
3.3.3 Global Ginseng Sales Volume, by Type (%) (2019-2030)
3.4 Global Ginseng Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Pharma & Healthcare
4.1.2 Cosmetic & Skin Care
4.1.3 Food Additives
4.1.4 Others
4.2 Global Ginseng Sales Value by Application
4.2.1 Global Ginseng Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Ginseng Sales Value, by Application (2019-2030)
4.2.3 Global Ginseng Sales Value, by Application (%) (2019-2030)
4.3 Global Ginseng Sales Volume by Application
4.3.1 Global Ginseng Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Ginseng Sales Volume, by Application (2019-2030)
4.3.3 Global Ginseng Sales Volume, by Application (%) (2019-2030)
4.4 Global Ginseng Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Ginseng Sales Value by Region
5.1.1 Global Ginseng Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Ginseng Sales Value by Region (2019-2024)
5.1.3 Global Ginseng Sales Value by Region (2025-2030)
5.1.4 Global Ginseng Sales Value by Region (%), (2019-2030)
5.2 Global Ginseng Sales Volume by Region
5.2.1 Global Ginseng Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Ginseng Sales Volume by Region (2019-2024)
5.2.3 Global Ginseng Sales Volume by Region (2025-2030)
5.2.4 Global Ginseng Sales Volume by Region (%), (2019-2030)
5.3 Global Ginseng Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Ginseng Sales Value, 2019-2030
5.4.2 North America Ginseng Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Ginseng Sales Value, 2019-2030
5.5.2 Europe Ginseng Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Ginseng Sales Value, 2019-2030
5.6.2 Asia Pacific Ginseng Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Ginseng Sales Value, 2019-2030
5.7.2 South America Ginseng Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Ginseng Sales Value, 2019-2030
5.8.2 Middle East & Africa Ginseng Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Ginseng Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Ginseng Sales Value
6.2.1 Key Countries/Regions Ginseng Sales Value, 2019-2030
6.2.2 Key Countries/Regions Ginseng Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Ginseng Sales Value, 2019-2030
6.3.2 United States Ginseng Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Ginseng Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Ginseng Sales Value, 2019-2030
6.4.2 Europe Ginseng Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Ginseng Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Ginseng Sales Value, 2019-2030
6.5.2 China Ginseng Sales Value by Type (%), 2023 VS 2030
6.5.3 China Ginseng Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Ginseng Sales Value, 2019-2030
6.6.2 Japan Ginseng Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Ginseng Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Ginseng Sales Value, 2019-2030
6.7.2 South Korea Ginseng Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Ginseng Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Ginseng Sales Value, 2019-2030
6.8.2 Southeast Asia Ginseng Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Ginseng Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Ginseng Sales Value, 2019-2030
6.9.2 India Ginseng Sales Value by Type (%), 2023 VS 2030
6.9.3 India Ginseng Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 KGEC
7.1.1 KGEC Company Information
7.1.2 KGEC Introduction and Business Overview
7.1.3 KGEC Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.1.4 KGEC Ginseng Product Offerings
7.1.5 KGEC Recent Development
7.2 Korea Ginseng Corp
7.2.1 Korea Ginseng Corp Company Information
7.2.2 Korea Ginseng Corp Introduction and Business Overview
7.2.3 Korea Ginseng Corp Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Korea Ginseng Corp Ginseng Product Offerings
7.2.5 Korea Ginseng Corp Recent Development
7.3 HiYoU
7.3.1 HiYoU Company Information
7.3.2 HiYoU Introduction and Business Overview
7.3.3 HiYoU Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.3.4 HiYoU Ginseng Product Offerings
7.3.5 HiYoU Recent Development
7.4 The Boots Company
7.4.1 The Boots Company Company Information
7.4.2 The Boots Company Introduction and Business Overview
7.4.3 The Boots Company Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.4.4 The Boots Company Ginseng Product Offerings
7.4.5 The Boots Company Recent Development
7.5 Starwest Botanicals
7.5.1 Starwest Botanicals Company Information
7.5.2 Starwest Botanicals Introduction and Business Overview
7.5.3 Starwest Botanicals Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Starwest Botanicals Ginseng Product Offerings
7.5.5 Starwest Botanicals Recent Development
7.6 RFI Ingredients
7.6.1 RFI Ingredients Company Information
7.6.2 RFI Ingredients Introduction and Business Overview
7.6.3 RFI Ingredients Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.6.4 RFI Ingredients Ginseng Product Offerings
7.6.5 RFI Ingredients Recent Development
7.7 Elemis
7.7.1 Elemis Company Information
7.7.2 Elemis Introduction and Business Overview
7.7.3 Elemis Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Elemis Ginseng Product Offerings
7.7.5 Elemis Recent Development
7.8 Jilin Zixin Pharmaceutical Industrial
7.8.1 Jilin Zixin Pharmaceutical Industrial Company Information
7.8.2 Jilin Zixin Pharmaceutical Industrial Introduction and Business Overview
7.8.3 Jilin Zixin Pharmaceutical Industrial Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.8.4 Jilin Zixin Pharmaceutical Industrial Ginseng Product Offerings
7.8.5 Jilin Zixin Pharmaceutical Industrial Recent Development
7.9 Great Mountain Ginseng
7.9.1 Great Mountain Ginseng Company Information
7.9.2 Great Mountain Ginseng Introduction and Business Overview
7.9.3 Great Mountain Ginseng Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Great Mountain Ginseng Ginseng Product Offerings
7.9.5 Great Mountain Ginseng Recent Development
7.10 Hain Celestial
7.10.1 Hain Celestial Company Information
7.10.2 Hain Celestial Introduction and Business Overview
7.10.3 Hain Celestial Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.10.4 Hain Celestial Ginseng Product Offerings
7.10.5 Hain Celestial Recent Development
7.11 BAYLIS & HARDING
7.11.1 BAYLIS & HARDING Company Information
7.11.2 BAYLIS & HARDING Introduction and Business Overview
7.11.3 BAYLIS & HARDING Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.11.4 BAYLIS & HARDING Ginseng Product Offerings
7.11.5 BAYLIS & HARDING Recent Development
7.12 Amway
7.12.1 Amway Company Information
7.12.2 Amway Introduction and Business Overview
7.12.3 Amway Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.12.4 Amway Ginseng Product Offerings
7.12.5 Amway Recent Development
7.13 Ethical Naturals
7.13.1 Ethical Naturals Company Information
7.13.2 Ethical Naturals Introduction and Business Overview
7.13.3 Ethical Naturals Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.13.4 Ethical Naturals Ginseng Product Offerings
7.13.5 Ethical Naturals Recent Development
7.14 Glanbia
7.14.1 Glanbia Company Information
7.14.2 Glanbia Introduction and Business Overview
7.14.3 Glanbia Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.14.4 Glanbia Ginseng Product Offerings
7.14.5 Glanbia Recent Development
7.15 Kefiplant
7.15.1 Kefiplant Company Information
7.15.2 Kefiplant Introduction and Business Overview
7.15.3 Kefiplant Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.15.4 Kefiplant Ginseng Product Offerings
7.15.5 Kefiplant Recent Development
7.16 Naka Focus
7.16.1 Naka Focus Company Information
7.16.2 Naka Focus Introduction and Business Overview
7.16.3 Naka Focus Ginseng Sales, Revenue and Gross Margin (2019-2024)
7.16.4 Naka Focus Ginseng Product Offerings
7.16.5 Naka Focus Recent Development
8 Industry Chain Analysis
8.1 Ginseng Industrial Chain
8.2 Ginseng Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Ginseng Sales Model
8.5.2 Sales Channel
8.5.3 Ginseng Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
Table of Figures
List of Tables
List of Figures
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Ginseng is the root of plants in the genus Panax, such as Korean ginseng (P. ginseng), South China ginseng (P. notoginseng), and American ginseng (P. quinquefolius), characterized by the presence of ginsenosides and gintonin. Ginseng is common in the cuisines and medicines of China and Korea.
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Ginseng is the root of plants in the genus Panax, such as Korean ginseng (P. ginseng), South China ginseng (P. notoginseng), and American ginseng (P. quinquefolius), characterized by the presence of ginsenosides and gintonin. Ginseng is common in the cuisines and medicines of China and Korea.
Published: 2024-01-04
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Ginseng is the root of plants in the genus Panax, such as Korean ginseng (P. ginseng), South China ginseng (P. notoginseng), and American ginseng (P. quinquefolius), characterized by the presence of ginsenosides and gintonin. Ginseng is common in the cuisines and medicines of China and Korea.
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The global market for Ginseng was valued at US$ 8249 million in the year 2024 and is projected to reach a revised size of US$ 15560 million by 2031, growing at a CAGR of 9.6% during the forecast period.
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The global Ginseng market is projected to grow from US$ 1352 million in 2025 to US$ 2071 million by 2032, at a CAGR of 5.7% (2026-2032), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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The global Ginseng market size was US$ 1352 million in 2025 and is forecast to reach a readjusted size of US$ 2071 million by 2032 with a CAGR of 5.7% during the forecast period 2026-2032.
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