Ginger Market Outlook
According to the report by Expert Market Research (EMR), the ginger market size reached a value of USD 6.04 billion in 2023. Aided by the increasing consumer awareness about the health benefits of ginger, its diverse applications in the food and beverage sector, and its growing popularity in traditional medicine, the market is projected to further grow at a CAGR of 4.5% between 2024 and 2032 to reach a value of USD 8.98 billion by 2032.
Ginger is a flowering plant whose rhizome, or underground stem, is widely used as a spice and folk medicine. It is known for its unique flavour and aroma, as well as its various health benefits. Ginger contains bioactive compounds such as gingerol, which have anti-inflammatory and antioxidant properties, making it a popular ingredient in traditional medicine for treating various ailments.
One of the key drivers of the ginger market growth is the increasing consumer awareness about the health benefits of ginger. Ginger is known to aid digestion, reduce nausea and vomiting, and relieve inflammation, making it a popular choice among health-conscious consumers. The growing trend of using natural remedies and herbal supplements to maintain health and wellness is driving the demand for ginger-based products.
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Moreover, the food and beverage sector is increasingly incorporating ginger into various products due to its unique flavour profile and health benefits. Ginger is used in the preparation of beverages, confectionery, bakery products, and savoury dishes, adding a spicy and aromatic flavour. The growing demand for natural and organic ingredients in food and beverage products is further fuelling the ginger market demand.
In addition to its culinary uses, ginger is also used in traditional medicine for its medicinal properties. Ginger is believed to have anti-inflammatory, antimicrobial, and analgesic properties, making it a popular remedy for treating colds, coughs, and other respiratory ailments. The increasing popularity of alternative medicine and natural remedies is driving the demand for ginger in the pharmaceutical and healthcare industries.
As per the ginger market analysis, regionally, Asia-Pacific dominates the market, accounting for the largest market share. Countries like India, China, and Thailand are major producers and exporters of ginger, catering to the growing demand from domestic and international markets. However, the market in North America and Europe is also witnessing significant growth, driven by the increasing popularity of ethnic cuisines and the growing trend of using natural ingredients in food and beverage products.
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Ginger Market Segmentation
The market can be divided based on the type, application, major producing countries, and region
Market Breakup by Type
- Fresh Ginger
- Processed Ginger
- Ginger Powder
- Ginger Oil
- Ginger Paste
- Others
Market Breakup by Application
- Food Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Others
Market Breakup by Major Producing Countries
- India
- Nigeria
- China
- Indonesia
- Nepal
- Thailand
- Bangladesh
- Japan
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global ginger market. Some of the major players explored in the report by Expert Market Research are as follows:
- Archer-Daniels-Midland Co.
- Floracopeia Inc.
- The Ginger People Co.
- Buderim Ginger Ltd.
- Capital Foods Limited
- NANI Agro Foods Pvt. Ltd.
- Frontier Co-op.
- Monterey Bay Herb Company
- Guangxi Yongjiang Food Industry Co., Ltd.
- Sun Impex International Foods LLC
- Indian Organic Farmers Producer Company Limited
- The Canadian Ginger Co.
- Natural Ginger Corp.
- Spice World, Inc.
- Others
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