Global Ginseng Beverages Market Size (2023 - 2030)

In 2022, the Global Ginseng Beverages Market was valued at $771 million, and is projected to reach a market size of $1071.51 million by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 4.2%.

Industry Overview:

A short, slowly growing plant with fleshy roots is referred to as ginseng and comes in 11 different varieties. Ginseng Beverages helps restore and enhance health. Panax Ginseng Beverages, popularly known as Korean Ginseng Beverages, is known to contain a number of saponins. The high concentration of saponins, ginsenosides, phenolic components, including carbohydrates and carotenoids, found in Ginseng Beverages roots is widely known. There is evidence that Ginseng Beverages polysaccharides have immunomodulatory, anticancer, antiradiation, antioxidant, and hypoglycemic effects. The market for Ginseng Beverages is anticipated to be driven by the rising demand for natural health supplements, such as Korean Ginseng Beverages with saponins, to prevent the risk of chronic illnesses and maintain health and wellness. During the anticipated period of 2022–2030, the global trend toward healthy hydration and functional foods and beverages is anticipated to fuel the expansion of the Ginseng Beverages market. The outlook for the Ginseng Beverages industry is shown here.

COVID-19 Impact:

COVID-19 had a deep impact on the Ginseng Beverages market. Geographically, the Asia-Pacific Ginseng Beverages Market accounted for the highest revenue share in 2021, and it is anticipated to continue dominating the market over the years 2022–2030 due to the region's increasing interest in health supplements containing Korean Ginseng Beverages with saponins and the faster adoption of Ginseng Beverages extracts in food product manufacturing. Ginseng Beverages market growth is being fuelled by consumers' growing fondness for Asian and Oriental flavours as well as the exploding need for Korean Ginseng Beverages with saponins for medical purposes and the treatment of illnesses in Asia in nations like China and Korea. But because the profiles of malonyl-Ginseng Beverages saponins vary among different species and are unbalanced due to a lack of suitable reference compounds, determining their profiles is difficult. This is one of the main factors impeding the expansion of the Ginseng Beverages market.

MARKET DRIVERS

Ginseng Beverages’ Expanding Applications is driving growth in Ginseng Beverages Market

One of the most popular natural medicines is Ginseng Beverages. The National Institutes of Health report that at least 35 different countries currently import Ginseng Beverages products. More recent information from the National Institutes of Health shows that over 95% of white Ginseng Beverages products are consumed as the root, whereas approximately 2/3 of red Ginseng Beverages products are processed before consumption. Ginseng Beverages is known as the "man-root" because of the benefits it provides for the entire body. The benefits of Ginseng Beverages include everything from improved immunity to improved cognition. This medicinal root offers a number of health benefits and culinary uses as well. Ginseng Beverages is anti-inflammatory and rich in antioxidants. Additionally, it contains minuscule amounts of vitamin C. Men's erectile dysfunction may be treated with Ginseng Beverages. Ginseng Beverages contains large amounts of the two substances ginsenosides and gintonin. Together, these substances work to provide health benefits. Ginsenosides, which are found in Ginseng Beverages, appear to reduce inflammation, offer antioxidant defence, and maintain cell health. It thus lowers the risk of several malignancies. Ginseng Beverages may also help chemotherapy patients feel better about themselves. It functions by reducing the adverse effects of the medication. Additionally, Ginseng Beverages may increase the effectiveness of several therapy drugs. In general, cancer patients may benefit from these qualities. In soups and curries, Ginseng Beverages slices or powders are used in culinary applications. Ginseng Beverages’ expanding uses are therefore boosting the market's expansion from 2023 - 2030, according to the forecast.

Novel Product Launches is driving growth in Ginseng Beverages Market

According to the National Institutes of Health, 90% of the Ginseng Beverages products consumed in South Korea fall under the category of health foods. Strong antioxidants exist in Ginseng Beverages. A Noida-based start-up called Immunity Bloom debuted its innovative line of dietary supplements made from 100% pure Korean Ginseng Beverages that was shipped straight from South Korea in February 2022. The two supplement varieties made by the company using these plants, which have the remarkable ability to increase body immunity, are Shield-Om Plus and Shield-Om Ultra. Both variations have FDA and FSSAI approval. Korean Red Ginseng Beverages speeds up the healing process from pain and illness while reducing inflammation and stress. Thus, throughout the anticipated period of 2022–2030, the expansion of the Ginseng Beverages market will be driven by the introduction of novel products containing Ginseng Beverages.

MARKET RESTRAINTS

Difficulty of managing disease is restraining growth in Ginseng Beverages Market

The Ginseng Beverages production environment, which mimics a forest canopy environment by using thick straw mulch and shade cloth in the summer, provides conditions that are favourable for the survival and growth of fungal infections. The most common fungi that contaminate Ginseng Beverages, according to research, are Cylindrocarpon destructans, which causes root decay, Phytophthora, which causes foliar blight and root rot, Alternaria alternata, Botrytis cinerea, which causes foliar and seed infection, Fusarium species, and Rhexocercosporidium (bringing about root contamination or rusty root). Many of these fungi have the capacity to infect the seed by colonising the growing berries with the release of airborne spores. This is a problem because the widespread use of Ginseng Beverages seeds may also spread disease-causing germs from one area to another. Numerous seedling-infecting fungus, including Pythium and Fusarium species, as well as Rhizoctonia solani, also cause the death of seedlings and reduce plant populations. Thus, these problems are impeding the Ginseng Beverages market's expansion.

GINSENG BEVERAGES MARKET REPORT COVERAGE:

This research report on the global Ginseng Beverages Market has been segmented and sub-segmented based on application, form, and region.

Ginseng Beverages market segmentation – By Application

• Dietary supplements
• Pharmaceuticals
• Food and Beverages
• Personal care and cosmetics
• Oral care
• Others

The Ginseng Beverages market can be further divided into dietary supplements, pharmaceuticals, food and beverages, personal care and cosmetics, oral care, and others based on the application. In 2021, the pharmaceuticals industry held the highest market share. The increasing use of Ginseng Beverages in the treatment of conditions including cancer and cardiovascular disease is responsible for this development. Ginseng Beverages contains anti-inflammatory and antioxidant properties and is used in many different medicinal procedures. The growing use of Ginseng Beverages in the treatment of immunological and neurological diseases is accelerating the expansion of this market.

Ginseng Beverages market segmentation – By Form

• Powder
• Liquid
• Capsules
• Raw

The market for Ginseng Beverages can be further divided based on form into powder, liquid, capsules, and raw. In 2021, the Powder segment accounted for the highest market share. This rise can be attributed to how convenient it is to use in food applications and how well it can be preserved. Ginseng Beverages works well as an antioxidant. Due to their lower water content, Ginseng Beverages powder forms have an extended shelf life, which is another factor fuelling the segment's expansion.

Ginseng Beverages market segmentation – By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

According to Imperial Ginseng Beverages, the Asia-Pacific area consumes more than 5 million pounds of American Ginseng Beverages products annually, which makes up 90% of the American Ginseng Beverages market. The management of illnesses that render the Ginseng Beverages root unmarketable due to contamination, primarily by fungal pathogens, is the biggest obstacle to American Ginseng Beverages production. These microorganisms contaminate and harm the roots as well as the foliage, causing serious harm and eventual plant death.

Ginseng Beverages market segmentation – By Company

Ginseng Beverages market include product launches, mergers and acquisitions, joint ventures, and regional expansions. According to new data, Korea Ginseng Beverages Corp. (KGC) was reported to have remained at the top of the country's sales of health functional foods in February 2022, while Korea Yakult had fallen out of the top five. The Food and Drug Statistical Yearbook for 2021 was recently published by the Ministry of Food and Drug Safety (MFDS), and it included information on the country's sales of both general and health functional foods in the year 2020. In 2020, domestic sales of nutritious functional meals had surpassed KRW3.1 trillion ($2.6 billion).

NOTABLE HAPPENINGS IN THE GINSENG BEVERAGES MARKET IN THE RECENT PAST:

• In September 2020, Donginbi, a functional premium Red Ginseng Beverages skincare product, was launched on Amazon by Korea Ginseng Beverages (KGC), with a temporary discount of up to 40%. Cheong Kwan Jang's notion of creating Korean Red Ginseng Beverages for external applications served as the foundation for the brand's construction in 1899. Red Ginseng Beverages's many ingredients offer benefits like increased firmness, elasticity, and shine.
• In January 2022, KGC (Korea Ginseng Beverages Corp.) unveiled the "World Map of Red Ginseng Beverages," which selected the top sellers by nation based on CheongKwanJang Red Ginseng Beverages's sales in foreign markets the previous year in order to target the novel year, 2022. In six Asian regions, including Japan, "Everytime," a stick-type red Ginseng Beverages product that is simple to carry and consume, placed top in sales. Demand in foreign markets is rising since red Ginseng Beverages, the source of K-food, has established itself as a popular gift in Asia where New Year's festivities are celebrated.