Ginger Market Analysis APAC, Middle East and Africa, Europe, North America, South America - India, Nigeria, Nepal, China, Indonesia - Size and Forecast 2024-2028

Ginger Market Size 2024-2028 

The ginger market size is forecast to increase by USD 3.77 billion at a CAGR of 7.9% between 2023 and 2028. The ginger market is experiencing significant growth due to the perceived health benefits associated with ginger oil and ginger beer. Ginger oil, known for its medicinal properties, is widely used in the food and beverage industry, as well as in traditional medicine, for its anti-inflammatory, antioxidant, and digestive properties. Ginger oil is a natural relaxant oil. The oil, applied topically or inhaled, provides relief from migraines, nervous tension, anxiety, depression, fatigue, mental strain, and other mental conditions. Ginger beer, a carbonated beverage made from ginger, sugar, water, and yeast, offers health benefits such as aiding digestion, relieving nausea, and boosting the immune system. However, the market faces challenges from intense price competition, which puts pressure on manufacturers to reduce costs and maintain profitability. Despite this, the market is expected to continue its growth trajectory, driven by increasing consumer awareness and demand for natural and healthy food and beverage options.

What will be the Size of the Market During the Forecast Period?

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The aromatic and flavorful ingredient has gained significant attention in the food and beverage industry due to its versatility and natural health benefits. Ginger rhizomes contain various bioactive components, including gingerols and shgaols, which contribute to its unique aroma and flavor. These components have been the subject of extensive research due to their pharmacological effects. Ginger is known for its anti-inflammatory properties, which help reduce inflammation and pain. Additionally, it possesses antiemetic properties, making it an effective remedy for nausea and vomiting.

Furthermore, ginger's antioxidant properties help protect cells from damage caused by free radicals. Ginger's versatility extends beyond the food industry. It is widely used in natural health products and dietary supplements. The root is often consumed as a medicinal ingredient, and its extracts are used in various value-added products. The clean-label trend in the food industry has led to an increased demand for natural ingredients like ginger. The production of ginger involves sustainable and ethical farming practices. Companies like Buderim Ginger have adopted these practices to ensure the highest quality and ethical standards. Freeze-drying is a popular method used to preserve ginger's bioactive components and maintain its flavor and aroma.

Ginger's use is not limited to food and beverages. It is also used as a spice and a medicinal root in various traditional practices. The demand for ginger continues to grow as consumers seek natural alternatives for health and wellness. In conclusion, ginger is a tropical plant with a rich history and numerous health benefits. Its versatility and natural properties make it a valuable ingredient in the food and beverage industry, as well as in natural health products and dietary supplements. Sustainable and ethical farming practices ensure a consistent supply of high-quality ginger, making it a popular choice for consumers seeking natural alternatives for health and wellness.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product Type
  • Fresh ginger
  • Dried ginger
  • Others
• Application
  • Food industry
  • Pharmaceutical industry
  • Cosmetic industry
  • Others
• Geography
  • APAC
    • China
    • India
  • Middle East and Africa
    • Nigeria
  • Europe
  • North America
  • South America

By Product Type Insights

The fresh ginger segment is estimated to witness significant growth during the forecast period. The market is experiencing notable expansion, particularly in the segment of fresh ginger. This growth can be attributed to the escalating demand for this versatile spice in various industries, including food and beverages, pharmaceuticals, cosmetics, and more. Fresh ginger offers a multitude of health benefits, making it an indispensable ingredient in many applications.  These health advantages not only make ginger a popular choice for consumers seeking sustainable food options and chemical-free produce but also contribute significantly to the growth of The market. Organic ginger, derived from sustainably cultivated soil, further enhances the market's value by offering health benefits free from synthetic additives and pesticides. Additionally, the production of value-added ginger extracts and ginger oil adds to the market's value proposition. By focusing on organic farming practices and biodiversity, The market is poised for continued growth and success.

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The fresh ginger segment was valued at USD 3.11 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 77% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Ginger, a subterranean rhizome from the tropical plant Zingiber officinale, is a perennial herb widely used for its aroma and flavor in various industries. The global market for ginger is experiencing significant growth, with the Asia Pacific (APAC) region leading the charge. The increase in demand for ginger is primarily due to its extensive applications in the food and beverage, pharmaceutical, personal care, and cosmetics industries. Key countries contributing to the market in APAC include China, India, Australia, Japan, South Korea, Malaysia, Thailand, and Singapore. Ginger oil, derived from the rhizome, is renowned for its functional properties. It offers numerous health benefits, such as alleviating digestive issues, respiratory problems, muscle pain, headaches, inflammation, and anxiety.

Furthermore, ginger's popularity extends to the cosmetics sector, where it is used in skincare formulations for its anti-inflammatory and antioxidant properties. The bioactive components in ginger, including gingerols and shogaols, contribute to its pharmacological and physiological effects. This versatile ingredient's demand continues to rise, making it a valuable commodity in numerous industries.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The perceived health benefits associated with ginger oil is notably driving market growth. Ginger, a tropical plant with a subterranean rhizome, is a perennial herb widely recognized for its aroma and flavor. The bioactive components in ginger, including gingerols and shgaols, contribute to its pharmacological effects and physiological benefits. Ginger's health benefits extend to various applications, including food and beverages, natural health products, and dietary supplements. Ginger's versatility extends to convenience foods, such as pickled, preserved, crystallized, and powdered ginger, as well as alcoholic and non-alcoholic beverages. In Ayurvedic practices, ginger is used for its anti-inflammatory, antiemetic, and antioxidant properties. Similarly, ginger oil contains eugenol, citronella, and linalool, which help in reducing skin inflammation. It can soothe stings by honey bees, insects, and snakes. 

Further, ginger oil, derived from the rhizome through various processing techniques, such as freeze-drying, dehydration, and extraction methods, is a clean label ingredient in functional foods and superfoods. Its anti-inflammatory properties provide relief from stress, anxiety, and mental strain, making it a popular natural remedy. The awareness of ginger oil's health benefits is increasing, leading to a rise in demand for ginger. This demand will create a significant market opportunity for ginger during the forecast period. Ginger's culinary applications as a fresh, dried, pickled, preserved, or crystallized ingredient further contribute to its market growth. Thus, such factors are driving the growth of the market during the forecast period.

Market Trends

The health benefits offered by ginger beer is the key trend in the market. Ginger, a subterranean rhizome from the tropical plant Zingiber officinale, is a perennial herb renowned for its aroma and flavor. The bioactive components in ginger, particularly gingerol, contribute to its pharmacological effects and physiological benefits. Ginger is extensively used in food and beverages, including fresh, dried, pickled, preserved, crystallized, powdered forms, and alcoholic or non-alcoholic beverages. Ginger's versatility extends to natural health products, dietary supplements, and culinary applications. Ginger beer, a popular beverage, is made primarily from ginger root. Its distinctive taste and health benefits make it an attractive alternative to conventional carbonated beverages. Gingerol, the active ingredient in ginger, is responsible for its aroma and is a rich source of minerals like magnesium, manganese, potassium, copper, and vitamin B6.

Moreover, ginger beer offers several health benefits, such as relieving nausea and improving digestion, lowering cancer risk, anti-inflammatory benefits, and anti-bacterial properties. Additionally, it slows down signs of aging and promotes mental health. These factors contribute to the increasing demand for ginger beer, positively impacting the growth of the global ginger market during the forecast period. Processing techniques, such as freeze-drying, dehydration, and extraction methods, are employed to preserve ginger's health benefits and extend its shelf life. Ginger beer's functional food status and classification as a superfood further boost its popularity. Thus, such trends will shape the growth of the market during the forecast period.

Market Challenge

Unhealthy price competition is the major challenge that affects the growth of the market. Ginger, a subterranean rhizome from the tropical plant Zingiber officinale, is a perennial herb renowned for its aroma and flavor. This versatile ingredient is used extensively in food and beverages for its bioactive components and pharmacological effects. Ginger's health benefits are numerous, including anti-inflammatory, antiemetic, and antioxidant properties. Fresh ginger, dried ginger, pickled ginger, preserved ginger, crystallized ginger, powdered ginger, and ginger in alcoholic and non-alcoholic beverages are some of its various forms. In the culinary world, ginger's applications are vast, from natural health products and dietary supplements to functional foods and superfoods.

Additionally, ayurveda, an ancient Indian system of medicine, has long recognized ginger's therapeutic properties. Ginger's convenience as an ingredient in various forms makes it a popular choice for consumers. Processing techniques like freeze-drying, dehydration, and extraction methods are used to preserve ginger's shelf life and enhance its functional properties. However, the major challenge for national and international vendors is achieving mass-market penetration and building a loyal customer base due to strong competition from local and regional vendors. These vendors offer lower prices but do not contribute to the global ginger market growth as they do not have registered trademarks. This price competition negatively impacts the revenues of registered industry vendors. Hence, the above factors will impede the growth of the market during the market forecast period.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Archer Daniels Midland Co. - The company offers ginger such as jellies and candies.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• AKO GmbH
• Banyan Botanicalsa
• BlissOfEarth
• BRL Foods
• Buderim Ginger
• Capital Foods Pvt. Ltd.
• Floracopeia
• Guangxi Yongjiang Food Industry Co. Ltd.
• Indian Organic Farmers Producer Co. Ltd.
• Kingsneat Ltd.
• McCormick and Co. Inc.
• Monterey Bay Herb Co.
• NatureLoc Marketing Pvt. Ltd.
• Olam Group Ltd.
• PHU GROTEX ERYK GROTOWSKI
• Sino Nature International Co. Ltd.
• SUN IMPEX INTERNATIONAL FOODS LLC
• The Canadian Ginger Co.
• The Ginger People

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Ginger, a tropical plant with a subterranean rhizome, is a perennial herb known for its aroma and flavor. This versatile ingredient is widely used in food and beverages due to its bioactive components and pharmacological effects. The rhizome of ginger is rich in essential oils, gingerols, and jails, which provide health benefits such as anti-inflammatory, antiemetic, and antioxidant properties. Ginger comes in various forms, including fresh, dried, pickled, preserved, crystallized, powdered, and in alcoholic and non-alcoholic beverages. It is a popular ingredient in Ayurveda and has culinary applications in various cuisines around the world. Ginger's clean label status, long shelf life, and versatility make it a preferred ingredient in convenience foods, functional foods, and natural health products, including dietary supplements. This is due to the rise in demand for fresh ginger due to its wide range of applications in food and beverage, pharmaceutical, cosmetics, and other industries due to its health benefits.

Moreover, processing techniques such as freeze-drying, dehydration, and extraction methods are used to preserve ginger's bioactive components and enhance its functional properties. Ginger's health benefits extend beyond food and beverages. It is used as a natural remedy for skin concerns and has pharmacological effects that can improve physiological functions. Ginger's anti-inflammatory, antiemetic, and antioxidant properties make it a superfood and a must-have ingredient in a healthy diet. Ginger's popularity continues to grow as a clean-label ingredient in functional foods, superfoods, and natural remedies. Processing techniques such as freeze-drying and dehydration help preserve ginger's nutritional value and extend its shelf life. Extraction methods are used to create ginger extracts and oils for use in various industries, including food and beverages, medicines, and cosmetics. Ginger's value-added products, including extracts and natural spice blends, are in high demand due to their health benefits and convenience. Sustainable farming practices, such as sustainable farming, ethical farming, and soil health, are essential to ensure a consistent supply of high-quality ginger.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Middle East and Africa, Europe, North America, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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