The Ginger Market size was valued at US$ 7.47 Bn in 2023 and the total revenue is expected to grow at 3.15 % through 2024 to 2030, reaching nearly US$ 9.29 Bn.
Ginger Market Overview:
Ginger is a widely used tropical herb known for its pungent aroma and flavor, sourced from the rhizome of the plant. Its bioactive components contribute to a range of health benefits, making it a valuable ingredient in the food, beverage, and cosmetics industries. Ginger can be consumed in various forms, including fresh, dried, pickled, and preserved, and is also popular in oil, marinated, and candied formats. With rising awareness of its health properties, the global ginger market is expanding across diverse applications, from culinary uses to medicinal products.
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Ginger Market Trends:
The ginger market is experiencing significant growth due to increasing demand in the food and beverage industry, particularly for its use in beverages, sauces, and bakery products. Consumers are becoming more health-conscious, driving the demand for ginger-based products as a natural remedy for various ailments. Additionally, the rising popularity of convenience and packaged foods, along with the incorporation of ginger in skin-care products, is propelling market growth. The shift towards using ginger as a functional ingredient in both savory and sweet dishes is also contributing to its expanding market presence.
What are Ginger Market Dynamics?
The growth of the ginger market is being driven by its increasing use in food and beverages, particularly as consumers seek healthier, natural ingredients. The rising awareness of ginger’s health benefits, including its anti-inflammatory and digestive properties, is boosting its popularity across various sectors. Moreover, the growing trend of using ginger in cosmetic products, coupled with its widespread culinary use, is further accelerating market demand. However, concerns such as potential side effects like heartburn and mouth irritation from excessive consumption may pose challenges to market expansion.
Ginger Market Opportunities:
The ginger market presents various opportunities due to the increasing consumer demand for natural and functional foods. The rise in health-consciousness globally is pushing the market for ginger-based products, especially in the food and beverages sector, where it is used in everything from juices to snacks. The growth of the cosmetic industry, where ginger is used for its soothing and anti-inflammatory properties, further enhances market potential. Additionally, the expanding quick-service restaurant industry presents an opportunity for ginger-based menu innovations.
What is Ginger Market Regional Insight?
Asia Pacific dominates the global ginger market, holding the largest share due to its long-standing use of ginger in traditional medicine and cuisine. Countries like India and China are key drivers of market growth, with ginger being widely consumed in both food and medicinal forms. North America is also witnessing robust growth, driven by increasing awareness of ginger’s health benefits. Meanwhile, Europe remains a significant market due to the region’s demand for imported ginger for both culinary and medicinal purposes, especially in countries like France, Germany, and the UK.
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What is Ginger Market Segmentation?
by Form
Fresh
Dried
Pickled
Preserved
Crystallized
Powered
by Application
Culinary
Soup and Sauces
Snacks and Convenience Food
Bakery Products
Alcoholic Beverages
Non Alcoholic Beverages
Chocolate and Confectionery
Others
by Distribution Channel
Modern Grocery Retail
Traditional Grocery Retail
Non-Grocery Retail
Some of the current players in the Ginger Market are:
1.Monterey Bay Spice Co. Inc.
2.Buderim Group Ltd.
3.SA Rawther Spices Pvt. Ltd
4.Yummy Food Industrial Group
5.Sun Impex International Foods L.L.C.
6.Archer-Daniels-Midland Co.
7.Indian Organic Farmers Producer Co. Ltd.
8.Atmiya International
9.Food Market Management Inc.
10.Sino-Nature International Co. Ltd.
11.AKO GmbH
12.Organic Mountain Flavor Pvt. Ltd.
13.Capital Foods Ltd.
14.The Ginger People
15.Canadian Ginger Company
16.Knitspice
17.BRL foods
18.GROTEX
19.KODGAV
20.Huaguang Group
21.JEGS Company Ltd
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Key Offerings:
- Past Market Size and Competitive Landscape
- Ginger Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Ginger Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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