Ginger Market by Product type, Application, and Geography - Forecast and Analysis 2022-2026

Published: Oct 2022 Pages: 137 SKU: IRTNTR74645

The Ginger Market is projected to grow by USD 3.4 billion with a CAGR of 7.3% during the forecast period 2021 to 2026.

This ginger market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the ginger market segmentation by product type (fresh ginger, dried ginger, and others), application (food industry, pharmaceutical industry, cosmetic industry, and others), and geography (APAC, the Middle East and Africa, Europe, North America, and South America). The ginger market report also offers information on several market vendors, including AKO GmbH, Archer Daniels Midland Co., Banyan Botanicals, BlissOfEarth, BRL Foods, Buderim Ginger, Capital Foods Pvt. Ltd., Floracopeia Inc., Guangxi Yongjiang Food Industry Co. Ltd., Indian Organic Farmers Producer Co. Ltd., Kingsneat Ltd., McCormick & Co. Inc, Monterey Bay Spice 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., and The Ginger People among others.

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

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Ginger Market: Key Drivers, Trends, and Challenges

The perceived health benefits associated with ginger oil are notably driving the ginger market growth, although factors such as unhealthy price competition may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the ginger market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ginger Market Driver

The perceived health benefits associated with ginger oil are a key factor driving the global ginger market growth. One of the growth drivers of the global ginger market is the health benefits of ginger oil. The awareness among consumers about the health benefits of ginger oil is increasing, which is expected to increase the demand for ginger oil. Subsequently, an increase in demand for ginger oil will impact create demand for ginger during the forecast period. Ginger oil helps in relieving stress. 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. Similarly, ginger oil contains eugenol, citronella, and linalool, which help in reducing skin inflammation. It can soothe stings by honey bees, insects, and snakes. These health benefits of ginger oil are expected to promote the sales of ginger oil products during the forecast period.

Key Ginger Market Trend

The health benefits offered by ginger beer will fuel the global ginger market growth. Amazing health benefits can be obtained from consuming ginger beer. Compared to most other carbonated beverages, ginger beer is healthy. The main component of ginger beer is ginger root, which has been used in food and medicine since ancient times for a variety of purposes. Ginger root contains a substance known as gingerol, an active ingredient that is a natural oil and a rich source of minerals like magnesium, manganese, potassium, copper, and vitamin B6. The therapeutic benefits of ginger are attributed to this active ingredient. The distinctive fragrance of ginger root is also attributed to gingerol. Ginger beer has a few health benefits that make it quite different from most other refreshment beverages. Such factors will drive the demand for ginger beer; subsequently, a rise in demand for ginger beer will positively affect the ginger market during the forecast period.

Key Ginger Market Challenge

Unhealthy price competition is the major challenge to the global ginger market growth. The major challenge for vendors of ginger is achieving mass-market penetration and building a loyal customer base. Several local and regional vendors offer ginger products at lower prices to meet consumer needs. Therefore, national and international vendors face strong and unhealthy competition from these regional vendors. International vendors have to compete with regional vendors in terms of price and quality. Local and regional vendors do not contribute to the market growth as they do not have registered trademarks. However, they have wide penetration in local markets. This negatively impacts the price of ginger products, often resulting in the loss of revenues of the registered industry vendors. Regional and local vendors have strong footprints in the developing markets of APAC, MEA, South America, and Eastern Europe. Such factors will hamper the growth of the ginger market during the forecast period.

This ginger market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ginger market as a part of the global agricultural products market under the global food products market of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ginger market during the forecast period.

Who are the Major Ginger Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AKO GmbH
  • Archer Daniels Midland Co.
  • Banyan Botanicals
  • BlissOfEarth
  • BRL Foods
  • Buderim Ginger
  • Capital Foods Pvt. Ltd.
  • Floracopeia Inc.
  • Guangxi Yongjiang Food Industry Co. Ltd.
  • Indian Organic Farmers Producer Co. Ltd.
  • Kingsneat Ltd.
  • McCormick & Co. Inc
  • Monterey Bay Spice 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

 

This statistical study of the ginger market encompasses successful business strategies deployed by the key vendors. The ginger market is fragmented, and the vendors are deploying growth strategies such as introducing new products, expanding their presence through mergers and acquisitions, and launching marketing campaigns to compete in the market.

Product Insights and News

  • adm.com - The company offers ginger-based products in the form of jellies and candies.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report on the global ginger market contains comprehensive market knowledge and an in-depth vendor landscape add-on to an analysis of the key vendors.

Ginger Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the ginger market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global food, beverage, and tobacco market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Ginger Market?

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77% of the market’s growth will originate from APAC during the forecast period. India, Nepal, China, and Indonesia are the key markets for the ginger market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The perceived health benefits associated with ginger oil will facilitate the ginger market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional ginger market. Retail stores, supermarkets, hypermarkets, pharmacies, beauty product retailers, and salons and spas were temporarily closed due to the nationwide lockdowns imposed by governments of many countries in APAC. As a result, the demand for ginger-based products such as ginger oil, ginger paste, and others declined. However, in 2021, due to the availability of COVID-19 vaccines and the vaccination drives carried out by governments of different countries in APAC, activities in offline retail channels that supply ginger-derived products gradually returned to normal. Such factors are expected to propel the demand for ginger, which, in turn, will significantly fuel the growth of the regional ginger market during the forecast period.

What are the Revenue-generating Type Segments in the Ginger Market?

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The ginger market share growth by the fresh ginger segment will be significant during the forecast period. The fresh ginger segment is expected to witness significant growth in terms of CAGR when compared to dried and other segments in the ginger market during the forecast period. This is due to the rise in demand for fresh ginger due to its wide range of applications in the food and beverage, pharmaceutical, cosmetics, and other industries due to its health benefits.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ginger market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Ginger Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.3%

Market growth 2022-2026

$3.4 billion

Market structure

Fragmented

YoY growth (%)

6.76

Regional analysis

APAC, the Middle East and Africa, Europe, North America, and South America

Performing market contribution

APAC at 77%

Key consumer countries

Nigeria, India, Nepal, China, and Indonesia

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

AKO GmbH, Archer Daniels Midland Co., Banyan Botanicals, BlissOfEarth, BRL Foods, Buderim Ginger, Capital Foods Pvt. Ltd., Floracopeia Inc., Guangxi Yongjiang Food Industry Co. Ltd., Indian Organic Farmers Producer Co. Ltd., Kingsneat Ltd., McCormick & Co. Inc, Monterey Bay Spice 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., and The Ginger People

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ginger Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive ginger market growth during the next five years
  • Precise estimation of the ginger market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ginger industry across APAC, the Middle East and Africa, Europe, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ginger market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product Type

    • 5.1 Market segments
      • Exhibit 25: Chart on Product Type - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Product Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Product Type
      • Exhibit 27: Chart on Comparison by Product Type
      • Exhibit 28: Data Table on Comparison by Product Type
    • 5.3 Fresh ginger - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Fresh ginger - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Fresh ginger - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Fresh ginger - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Fresh ginger - Year-over-year growth 2021-2026 (%)
    • 5.4 Dried ginger - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Dried ginger - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Dried ginger - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Dried ginger - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Dried ginger - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product Type
      • Exhibit 41: Market opportunity by Product Type ($ million)

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 42: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 43: Data Table on Application - Market share 2021-2026 (%)
    • 6.2 Comparison by Application
      • Exhibit 44: Chart on Comparison by Application
      • Exhibit 45: Data Table on Comparison by Application
    • 6.3 Food industry - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Food industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Food industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Food industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Food industry - Year-over-year growth 2021-2026 (%)
    • 6.4 Pharmaceutical industry - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Pharmaceutical industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Pharmaceutical industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Pharmaceutical industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Pharmaceutical industry - Year-over-year growth 2021-2026 (%)
    • 6.5 Cosmetic industry - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Cosmetic industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Cosmetic industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Cosmetic industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Cosmetic industry - Year-over-year growth 2021-2026 (%)
    • 6.6 Others - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 62: Market opportunity by Application ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 66: Chart on Geographic comparison
      • Exhibit 67: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 North America - Market size and forecast 2021-2026
      • Exhibit 80: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 84: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 India - Market size and forecast 2021-2026
      • Exhibit 88: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 8.9 Nigeria - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Nigeria - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Nigeria - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Nigeria - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Nigeria - Year-over-year growth 2021-2026 (%)
    • 8.10 Nepal - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Nepal - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on Nepal - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on Nepal - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Nepal - Year-over-year growth 2021-2026 (%)
    • 8.11 China - Market size and forecast 2021-2026
      • Exhibit 100: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.12 Indonesia - Market size and forecast 2021-2026
      • Exhibit 104: Chart on Indonesia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 105: Data Table on Indonesia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 106: Chart on Indonesia - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on Indonesia - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 108: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 11.3 Archer Daniels Midland Co.
              • Exhibit 115: Archer Daniels Midland Co. - Overview
              • Exhibit 116: Archer Daniels Midland Co. - Business segments
              • Exhibit 117: Archer Daniels Midland Co. - Key offerings
              • Exhibit 118: Archer Daniels Midland Co. - Segment focus
            • 11.4 Buderim Ginger
              • Exhibit 119: Buderim Ginger - Overview
              • Exhibit 120: Buderim Ginger - Product / Service
              • Exhibit 121: Buderim Ginger - Key offerings
            • 11.5 Capital Foods Pvt. Ltd.
              • Exhibit 122: Capital Foods Pvt. Ltd. - Overview
              • Exhibit 123: Capital Foods Pvt. Ltd. - Product / Service
              • Exhibit 124: Capital Foods Pvt. Ltd. - Key offerings
            • 11.6 Floracopeia Inc.
              • Exhibit 125: Floracopeia Inc. - Overview
              • Exhibit 126: Floracopeia Inc. - Product / Service
              • Exhibit 127: Floracopeia Inc. - Key offerings
            • 11.7 Guangxi Yongjiang Food Industry Co. Ltd.
              • Exhibit 128: Guangxi Yongjiang Food Industry Co. Ltd. - Overview
              • Exhibit 129: Guangxi Yongjiang Food Industry Co. Ltd. - Product / Service
              • Exhibit 130: Guangxi Yongjiang Food Industry Co. Ltd. - Key offerings
            • 11.8 Indian Organic Farmers Producer Co. Ltd.
              • Exhibit 131: Indian Organic Farmers Producer Co. Ltd. - Overview
              • Exhibit 132: Indian Organic Farmers Producer Co. Ltd. - Product / Service
              • Exhibit 133: Indian Organic Farmers Producer Co. Ltd. - Key offerings
            • 11.9 Monterey Bay Spice Co.
              • Exhibit 134: Monterey Bay Spice Co. - Overview
              • Exhibit 135: Monterey Bay Spice Co. - Product / Service
              • Exhibit 136: Monterey Bay Spice Co. - Key offerings
            • 11.10 Sino Nature International Co. Ltd.
              • Exhibit 137: Sino Nature International Co. Ltd. - Overview
              • Exhibit 138: Sino Nature International Co. Ltd. - Product / Service
              • Exhibit 139: Sino Nature International Co. Ltd. - Key offerings
            • 11.11 SUN IMPEX INTERNATIONAL FOODS LLC
              • Exhibit 140: SUN IMPEX INTERNATIONAL FOODS LLC - Overview
              • Exhibit 141: SUN IMPEX INTERNATIONAL FOODS LLC - Product / Service
              • Exhibit 142: SUN IMPEX INTERNATIONAL FOODS LLC - Key offerings
            • 11.12 The Ginger People
              • Exhibit 143: The Ginger People - Overview
              • Exhibit 144: The Ginger People - Product / Service
              • Exhibit 145: The Ginger People - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 146: Inclusions checklist
                • Exhibit 147: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 148: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 149: Research methodology
                • Exhibit 150: Validation techniques employed for market sizing
                • Exhibit 151: Information sources
              • 12.5 List of abbreviations
                • Exhibit 152: List of abbreviations
              • impact: The COVID-19 pandemic had a significant impact on the agricultural products market. The COVID-19 pandemic resulted in restrictions on the movement of workers who work in agricultural fields, changes in consumer demand, temporary closure of food production facilities, restricted trade in agricultural food products, and financial pressure on the overall agricultural products supply chain. Also, with a collapse in demand from restaurants, hotels, catering services, and the closure of open markets, the demand for agricultural products declined in 2020. However, as agricultural products are a basic necessity, the level of demand for agricultural products has been less affected by the COVID-19 pandemic when compared with other goods. The agricultural products market is expected to recover in 2021 and will grow at a moderate pace during the forecast period. The major reasons for the recovery of the agricultural products market are the relaxation of lockdown norms, the gradually reopening of the market in several countries, keeping social distancing norms in place, and the economic stimulus package announced by the governments of various countries.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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