In 2023, red ginseng products took up around 21.9 percent of the South Korean health functional food market, down from about 23.6 percent in the previous year. The red ginseng sector's market share has halved since 2018 as the market diversified.
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Sales share of red ginseng products in the health functional food market in South Korea from 2012 to 2023
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MFDS (South Korea). (August 1, 2024). Sales share of red ginseng products in the health functional food market in South Korea from 2012 to 2023 [Graph]. In Statista. Retrieved July 06, 2025, from https://www.statista.com/statistics/946083/south-korea-red-ginseng-sales-share-health-functional-food-market/
MFDS (South Korea). "Sales share of red ginseng products in the health functional food market in South Korea from 2012 to 2023." Chart. August 1, 2024. Statista. Accessed July 06, 2025. https://www.statista.com/statistics/946083/south-korea-red-ginseng-sales-share-health-functional-food-market/
MFDS (South Korea). (2024). Sales share of red ginseng products in the health functional food market in South Korea from 2012 to 2023. Statista. Statista Inc.. Accessed: July 06, 2025. https://www.statista.com/statistics/946083/south-korea-red-ginseng-sales-share-health-functional-food-market/
MFDS (South Korea). "Sales Share of Red Ginseng Products in The Health Functional Food Market in South Korea from 2012 to 2023." Statista, Statista Inc., 1 Aug 2024, https://www.statista.com/statistics/946083/south-korea-red-ginseng-sales-share-health-functional-food-market/
MFDS (South Korea), Sales share of red ginseng products in the health functional food market in South Korea from 2012 to 2023 Statista, https://www.statista.com/statistics/946083/south-korea-red-ginseng-sales-share-health-functional-food-market/ (last visited July 06, 2025)
Sales share of red ginseng products in the health functional food market in South Korea from 2012 to 2023 [Graph], MFDS (South Korea), August 1, 2024. [Online]. Available: https://www.statista.com/statistics/946083/south-korea-red-ginseng-sales-share-health-functional-food-market/