The global ginseng powder market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Ginseng refers to 11 different varieties of a short, slow-growing plant with fleshy roots. The herb has a light-colored, forked-shaped root, a relatively long stalk, and green leaves in an oval shape. Its powder is broadly used for various medicinal as well as cosmetic purposes apart from being used in nutraceutical foods. The major factors contributing to the growth of the market include its rising application in the cosmetic and personal care sector and increasing awareness regarding health benefits associated with ginseng. There is an increasing demand for ginseng as a multifunctional ingredient in skin care formulations to balance the production of the oil gland, soothe inflammation, smooth out wrinkles, or provide tone or luminance.
To Request a Sample of our Report on Ginseng Powder Market: https://www.omrglobal.com/request-sample/ginseng-powder-market
All three species of ginseng, including the American ginseng, the Asian or Korean ginseng, and the Siberian ginseng has been used in multiple moisturizer lotions, cleansers, and toners that preserves and restores skin elasticity. Owing to its potential applications in cosmetics and personal care products, some additional research on expanding the use of ginseng in this field has been reported. For instance, in January 2020, Daebong Life Science discovered new cosmetic applications for red ginseng targeting skin microbiome health and hydration. In Korea and other Asian nations, including China, Red ginseng works are used as a traditional herbal medicine which is found in several anti-aging products, which includes those from luxury brand Sulwhasoo. This is likely to boost the global ginseng powder market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Type
- By Application
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Natural Organics Inc., Gaia Herbs Inc., and NOW Health Group, Inc., among others.
(Get 15% Discount on Buying this Report)
A full Report of Ginseng Powder Market is Available @ https://www.omrglobal.com/industry-reports/ginseng-powder-market
Global Ginseng Powder Market Report by Segment
By Type
- Panax Ginseng
- American Ginseng
By Application
- Pharma & Healthcare
- Cosmetic & Skincare
- Food and Feed Additives
- Others
Global Ginseng Powder Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
