JungKwanJang retains global ginseng crown

JungKwanJang, KGC’s health supplement brand, ranked first in the global red ginseng and herbal dietary supplement markets for a 12th consecutive year, according to data from market researcher Euromonitor International.

The brand accounted for 44.3 percent of global red ginseng retail sales in 2024, up from 40.4 percent in 2020. It has led the category every year since the survey began in 2014.

JungKwanJang also ranked first in the broader herbal dietary supplement category with a 3.5 percent global market share.

KGC has been expanding the brand beyond its core red ginseng products. Its portfolio includes long-running lines such as Hongsamjung, Hongsamton and HwaaeRak, as well as newer products including Everytime and CheonNok, which emphasize convenience and a wider range of ingredients.

The company has also introduced supplements containing agarwood and mushrooms.

Flagship product Hongsamjung Everytime has generated more than 1.7 trillion won ($1.24 billion) in sales since its launch in 2012. Its annual sales have surpassed 100 billion won.

JungKwanJang operates more than 1,100 stores in Korea and distributes its products through online channels and retailers including Olive Young.

Overseas, the brand exports to more than 40 countries, including China, Japan and markets across Southeast Asia.

In the US, JungKwanJang entered Sprouts Farmers Market in 2024 and sells its products through Costco and Amazon. It also operated a promotional booth at KCON 2026 in Los Angeles to introduce Korean red ginseng to international consumers.

“We will continue expanding our global business based on the quality of our products,” a KGC official said.

  • Related Posts

    South Korea proposes record W22.2 trillion agriculture budget for 2027

    SEJONG — South Korea’s Ministry of Agriculture, Food and Rural Affairs has proposed a record 22.2 trillion won ($16.2 billion) budget for 2027, up 10.4 percent from the previous year,…

    Leveraged ETF fallout stalls new market initiatives

    Backlash over leveraged exchange-traded funds has the Financial Services Commission treading more cautiously on further capital market reforms, putting two planned market initiatives at risk of delay. The Korea Exchange’s…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    South Korea proposes record W22.2 trillion agriculture budget for 2027

    South Korea proposes record W22.2 trillion agriculture budget for 2027

    K-Music Festival to send folk, hip-hop and game music to nine London stages

    K-Music Festival to send folk, hip-hop and game music to nine London stages

    Questions over Jeju woman's death continue as police deny changing position

    Questions over Jeju woman's death continue as police deny changing position

    Yeonwoo Shakes Up Kim Hye Jun And Kang Hoon’s Relationship In “My Bias, My Boss”

    Yeonwoo Shakes Up Kim Hye Jun And Kang Hoon’s Relationship In “My Bias, My Boss”

    4-day bike expedition to take young riders along border trail

    4-day bike expedition to take young riders along border trail

    Kim Min Ho And His Fellow Soldiers Get Down And Dirty At Flood Recovery Site In “New Recruit 4: Sabotage”

    Kim Min Ho And His Fellow Soldiers Get Down And Dirty At Flood Recovery Site In “New Recruit 4: Sabotage”