According to a new report by Expert Market Research titled, “Global Ginger Processing Market Share, Size, Report and Forecast 2024-2032″, the global ginger processing market reached a value of USD 2.83 billion in 2023. Aided by growing consumer demand for natural or plant-based products and rising application of processed ginger in the food and pharmaceuticals industries, the market is projected to further grow at a CAGR of 8.50% between 2024 and 2032 to reach a value of USD 4.53 billion by 2032.
Ginger, a rhizome native to Southeast Asia, has been historically prized for its distinct flavour and a plethora of medicinal properties. Today, its processed forms – be it dried ginger, ginger oil, or ginger paste – permeate myriad cuisines and industries worldwide. Not only does it uplift culinary dishes with its robust flavour, but it also boasts potent anti-inflammatory and antioxidant properties, solidifying its place in traditional and modern medicine alike.
The ginger processing market growth owes much to the rising consumer demand for natural and organic food products. The current global culinary landscape sees an increasing inclination towards Asian cuisines, where ginger is a cornerstone ingredient. Concurrently, the health-conscious consumer segment, having recognised ginger’s therapeutic properties, has fostered a growing demand for ginger-based supplements and wellness drinks.
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The ginger processing market analysis also highlights robust growth in demand arising from the beverage sector. Ginger ale and ginger beer, with their refreshing zest, have captivated a broad audience. Furthermore, with the proliferation of craft breweries and boutique drink manufacturers, ginger is being innovatively used to infuse traditional beverages with a modern twist.
However, the applications of processed ginger are not merely confined to the kitchen or medicine cabinet. The cosmetic industry, in its pursuit of natural and effective ingredients, has turned to ginger extract. Admired for its anti-ageing and skin-rejuvenating properties, ginger is steadily becoming a staple in various skincare regimens, contributing significantly to the growing ginger processing market demand. Moreover, ginger oil, with its calming fragrance, is a much-sought-after entity in aromatherapy and spa treatments.
Modern techniques, focusing on retaining ginger’s nutritive value while ensuring longer shelf life, are being developed. Furthermore, the rise of e-commerce platforms offers a lucrative channel for ginger processors, allowing them to tap into a global consumer base.
Global ginger processing market size, backed by ginger’s multifaceted applications and evolving consumer preferences, is on an upward trajectory. As research deepens and technology advances, the market holds the potential to explore new avenues, further solidifying ginger’s place in global industries. For stakeholders, investing in research and development and streamlining supply chains can be the key to harnessing the growth opportunities in this space.
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Market Segmentation
The market can be divided based on form, end use, distribution channel, and region.
Market Breakup by Form
• Ginger Powder
• Ginger Oil
Market Breakup by End Use
• Food Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Others
Market Breakup by Distribution Channel
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Food Stores
• Online
• 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 the global ginger processing market. Some of the major players explored in the report by Expert Market Research are as follows:
• Frontier Cooperative
• EVEREST Food Products Pvt Ltd.
• Shan Foods (Pvt.) Ltd.
• GINGER PEOPLE GROUP
• Lee Kum Kee Inc.
• SPICE WORLD, INC.
• dōTERRA International, LLC
• Anthony’s Goods
• Oregon’s Wild Harvest, Inc.
• Orgrain India Private Limited
• Others
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