Global Ginger Market Report and Forecast 2024-2032

Global Ginger Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global ginger market size attained a value of USD 6.04 billion in 2023. Aided by the growing demand for health-centric food products and the diversified applications of ginger in various sectors, 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, a rhizome that traces its origins to Southeast Asia, has been historically revered not only for its characteristic spicy flavour but also for its myriad of medicinal properties. Today, it serves as a quintessential ingredient in culinary dishes across cultures, as well as finds extensive use in beverages like tea and ginger ale. Beyond its culinary importance, ginger is recognised for its anti-inflammatory, antioxidative, and anti-nausea properties. It is these multifaceted characteristics that have augmented its demand in various industries ranging from food and beverage to pharmaceuticals and cosmetics.

A key factor bolstering the global ginger market growth is the escalating consumer inclination towards natural and health-beneficial products. With the mounting awareness of ginger's therapeutic advantages, such as aiding digestion, alleviating nausea, and reducing muscle pain, there has been a palpable rise in its incorporation in daily diets. Additionally, the ongoing wave of global culinary fusion has amplified the appeal of ginger, marking its significance in dishes beyond traditional Asian cuisine.

Furthermore, ginger's vast application spectrum across industries significantly contributes to its burgeoning market stature. In the pharmaceutical realm, ginger extracts are progressively integrated into medications, targeting digestive issues and migraines, capitalising on its natural anti-inflammatory and analgesic properties. Parallelly, the cosmetics and skincare industry is rapidly recognising ginger's potential, particularly its antioxidative properties that combat skin ageing. This has led to an uptick in its inclusion in serums, masks, and other skincare concoctions, thereby, influencing the ginger market outlook. Beyond these, ginger's essential oil has garnered substantial attention in aromatherapy, championing its soothing and warming attributes.

The beverage industry, too, has been pivotal in amplifying the reach of ginger. The mounting popularity of health drinks and functional beverages has elevated the status of ginger-infused drinks, from teas to carbonated beverages. With consumers worldwide becoming progressively health-conscious, the surge in demand for drinks with inherent health benefits is unequivocally pushing the boundaries of the ginger market.

Moreover, the ascent of organic and naturally-sourced products in global markets is providing bolstering the ginger market demand. As consumers pivot towards sustainable and chemical-free consumables, the appeal of organically cultivated ginger is witnessing an upswing. This trend, coupled with innovative ginger-based product launches – from candies to essential oils – is perpetuating the expansion of the ginger market horizon.

Market Segmentation

The market can be divided based on 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 the global ginger market. Some of the major players explored in the report by Expert Market Research are as follows:

• Archer Daniels Midland Company
• Floracopeia Inc.
• Buderim Ginger Limited
• The Ginger People Co.
• Capital Foods Ltd.
• The Canadian Ginger Co.
• Indian Organic Farmers Producer Company Limited
• Guangxi Yongjiang Food Industry Co., Ltd
• Frontier Co-op.
• NANI Agro Foods Pvt. Ltd.
• Monterey Bay Herb Company
• Sun Impex International Foods LLC
• Natural Ginger Corp.
• Spice World, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
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