Europe Ginseng Extracts Market By Application (Pharmaceuticals, Food & Beverages, Dietary Supplements and Cosmetics & Personal Care), By Form (Powder and Liquid), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Europe Ginseng Extracts Market would witness market growth of 8.9% CAGR during the forecast period (2020-2026). The market of ginseng extract is experiencing appreciable gains for powder dosage form over capsule or liquid form. An increase in the demand for ginseng extract is attributed to strong product usage in the production of dietary supplements as well as pharmaceutical products. The ginseng extract possesses medicinal properties that improve concentration, ease in digestion, and faster absorption.
Furthermore, with the constantly shifting socioeconomic status, customers are becoming more conscious about their health. Consumption of plant-derived products have considerably fewer side effects on health and that is why ginseng extract is continuously gaining popularity over the last few years. Moreover, it has a varied scope as dietary supplements and functional foods that can give health benefits beyond conventional nutrients.
Over the past few years, there is growing awareness about the role of ginseng as a useful food or nutraceutical with increasing market value. From ginseng, many bioactive compounds and extracts are obtained that are considered to have numerous health-promoting activities including antitumor, skin protecting, antioxidant, antihyperglycemic, anti-osteoporotic anticancer, anti-infective, and respiratory problems.
Based on Application, the market is segmented into Pharmaceuticals, Food & Beverages, Dietary Supplements and Cosmetics & Personal Care. Based on Form, the market is segmented into Powder and Liquid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Clariant AG, Orkla ASA, Sinochem Group Co., Ltd., RFI Ingredients, LLC, Shanti Natural Extracts, Hangzhou Skyherb Technologies Co., Ltd., S.A. Herbal Bioactives LLC, Changsha Huir Biological-Tech Co., Ltd., Baoji Herbest Bio-Tech Co., Ltd. and Liuyang Naturalin Bio-Tech Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverages
- Dietary Supplements
- Cosmetics & Personal Care
- Rest of Europe
- Clariant AG
- Orkla ASA
- Sinochem Group Co., Ltd.
- RFI Ingredients, LLC
- Shanti Natural Extracts
- Hangzhou Skyherb Technologies Co., Ltd.
- S.A. Herbal Bioactives LLC
- Changsha Huir Biological-Tech Co., Ltd.
- Baoji Herbest Bio-Tech Co., Ltd.
- Liuyang Naturalin Bio-Tech Co., Ltd.
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