Ginseng Market Insights Video

According to Cognitive Market Research, The Global Ginseng market size is USD 0.525 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 4.80% from 2023 to 2030.

• The demand for ginseng is rising due to the popularity of all-natural health supplements and the numerous strategies adopted by key participants.
• Demand for wild remains higher because the value and quality of wild ginseng are frequently regarded as higher than those of farmed types. Due to their perceived strength and rarity, wild ginseng roots can fetch higher prices in the market.
• The food and beverage processing category held the highest ginseng market revenue share in 2023.
• The Asia-Pacific ginseng market will continue to lead, whereas the Middle East and Africa ginseng markets will experience the most substantial growth until 2030.