The global ginger market is projected to witnessed lucrative growth owing to the growing consumer awareness of the health benefits and culinary uses of ginger and its increasing number of medicinal and nutraceutical applications. Moreover, the worldwide flourishing food and beverage sector, including restaurants, packaged food manufacturers, and beverage companies is further augmenting the demand for ginger market globally.
How Big is the Global Ginger Market?
One of the latest report published by Markntel Advisors, the Global Ginger Market size was valued at USD 4.5 billion in 2023 and is estimated to grow at a CAGR of around 6.9% during the forecast period, i.e., 2025-30. This lucrative growth is considerably attributed to the rising popularity of ginger in natural and functional ingredients, due to which it is perceived as a clean label ingredient.
Based on form, the fresh ginger is dominating the global industry with largest shares, owing to the extensive consumption and utilization in various culinary and medical applications.
How is Global Ginger Industry is Segmented?
The industry is further bifurcated into:
Based on Form:
- Fresh Ginger,
- Dried Ginger,
- Ginger Oil,
- Powdered Ginger
Based on Type:
- Conventional,
- Organic
Based on Application:
- Food Processing,
- Pharmaceuticals & Nutraceutical,
- Personal Care
Based on Region:
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Why is Ginger Demand Increasing Worldwide?
Several factors contribute to the growing demand for ginger:
- Health and Wellness Trend
- Expanding Use in Pharmaceuticals
- Growing Popularity of Asian Cuisine
- Rising Demand for Organic Ginger
Which Regions Dominate the Global Ginger Market?
- Asia-Pacific: Leading the market with major production hubs in India, China, and Indonesia.
- North America & Europe: Rising demand for ginger-based supplements and organic spices.
- Middle East & Africa: Increasing use of ginger in traditional medicine and food applications.
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How are Industries Adopting Ginger?
- Food & Beverage Industry: Ginger is widely used in processed foods, confectioneries, beverages, and health drinks due to its strong flavor and health benefits.
- Pharmaceutical Sector: Many pharmaceutical companies incorporate ginger extracts into medicinal products to treat inflammation, nausea, and digestive issues.
- Cosmetics & Personal Care: Skincare and haircare brands use ginger due to its antimicrobial and anti-aging properties.
- Nutraceuticals & Dietary Supplements: Ginger is a key ingredient in herbal supplements, functional foods, and wellness products.
- Essential Oils & Aromatherapy: Ginger oil is extensively used in therapeutic practices, providing relaxation and stress relief.
What are the Key Trends Transforming the Ginger Market?
- Technological Advancements in Processing
- E-commerce Boom
- Sustainability and Ethical Sourcing
What are the Challenges in the Global Ginger Market?
- Climate Vulnerability
- Price Fluctuations
- Supply Chain Disruptions
Which Companies are Leading the Ginger Market?
- Monterey Bay Spice Co. Inc.,
- Sino Nature International Co Ltd.,
- Buderim Group Limited,
- Knitspice,
- KODGAV,
- Canadian Ginger Company,
- Olam Spices,
- Huaguang Group,
- Indian Organic Farmers Producer Co. Ltd., Other
Future Outlook
With the growing trends the industry is projected to grow and expand during the forecasting years i.e., 2025-30 as the above-stated factors are changing the market landscape and opening doors to the market players. Market players can enhance their market size & revenue by meeting the changing market dynamics and evolving consumer expectations. Additionally, market players with the help of SWOT analysis can adjust their existing settings regarding the evolving market trends, which would ultimately augment the size & volume of the entire industry at the Global level.
Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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