The new report by Expert Market Research titled, ‘Global Ginger Market Share, Size, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global ginger market, assessing the market based on its segments like product types, processed products, applications, major ginger producing countries, and ginger consuming countries.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Ginger Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical CAGR (2023-2028): 4.8%
The market for ginger is being aided by the rising use of ginger due to its various health benefits. The trend of holistic wellbeing is surging its use in the cosmetics and personal care industry as ginger owing to its anti-oxidant and anti-inflammatory properties.
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Ginger can recuperate skin, even skin tone, and improve circulation while providing additional benefits to acne-prone skin which is fuelling the growth of the ginger industry. Moreover, it is used in various traditional foods to enhance flavour and texture. Hence, the rising demand for Asian cuisines is increasing the use of ginger in the food and beverage industry, therefore invigorating the market growth.
Ginger Industry Definition and Major Segments
Ginger, variously known as Zingiber officinale, is a reed-like plant which is native to East Indies and has a pungent smell. It is used extensively in various food products as a spice. The consumption of ginger is associated with various medicinal benefits, due to which it has been consumed extensively in traditional Asian cuisines.
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By product types, the market is divided into:
- Fresh Ginger
- Processed Ginger Products
The major processed products of ginger are:
- Ginger Powder
- Ginger Oil
- Ginger Paste
Based on applications, the market is divided into:
- Food Industry
- Pharmaceutical Industry
- Cosmetic Industry
On the basis of ginger producing countries, the market is segmented into:
The major ginger consuming countries are:
Ginger Market Trends
The wide range of flavours provided by ginger is surging its use in the food and beverage industry which is expected to propel the market growth. Ginger is increasingly used in various beverages as an additive and a flavour. The rising demand for healthy beverages owing to the surging health consciousness is increasing its use which is estimated to fuel the growth of the ginger industry.
Moreover, the growing demand for functional beverages owing to the coronavirus pandemic is further augmenting the market growth of ginger. The trend of clean label and healthy products is increasing the incorporation of ginger in diverse food and beverage products ranging from ice cream to cocktails which are providing impetus to the industry growth.
Key Market Players
The major players in the market are Organic Mountain Flavor Pvt. Ltd., Capital Foods Ltd., Buderim Group Limited, The Ginger People, Canadian Ginger Company, Indian Organic Farmers Producer Company Limited (IOFPCL), AKO GmbH, and Guangxi Yongjiang Food Industry Co., Ltd, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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