Ginger Oil Market by Type and Geography - Forecast and Analysis 2022-2026

The ginger oil market share is expected to increase to USD 77.2 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.77%.

This ginger oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ginger oil market segmentation by type (organic and conventional) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The ginger oil market report also offers information on several market vendors, including AG Industries, Alchem International Pvt. Ltd., AOS Products Pvt. Ltd., Azelis SA, Bo International, Edens Garden Inc., GR HERBALS, International Flavors and Fragrances Inc., Katyani Exports, K. K. Enterprise, LorAnn Oils Inc., Mane Kancor Ingredients Pvt. Ltd., Manohar Botanical Extracts Pvt. Ltd., New Directions Aromatics Inc., Ozone Naturals, Phoenix Aromas and Essential Oils LLC, Rakesh Sandal Industries, Rocky Mountain Oils LLC, Sami Labs Ltd., Synthite Industries Ltd., The Lebermuth Co. Inc., Universal Oleoresins, and Young Living Essential Oils among others.

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

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Ginger Oil Market: Key Drivers, Trends, and Challenges

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

Key Ginger Oil Market Driver

• The perceived health benefits associated with ginger oil is one of the key drivers fueling the ginger oil market growth.
• Ginger oil is a natural relaxant oil that helps in relieving stress. The oil, applied topically or inhaled, provides relief from migraines, nervous tension, anxiety, and others.
• Ginger oil contains eugenol, citronella, and linalool, which help in reducing skin inflammation. It can soothe stings by honey bees, insects, and snakes. 
• Ginger oil is also used as a muscle relaxant and massaging with ginger oil provides relief from fatigue, aching muscles, sore muscles, and muscle pains. 
• The oil contains phytochemicals that help in maintaining healthy skin and protect skin cells and tissues through selective fortification. 

Such health benefits will drive the ginger oil market growth during the forecast period.

Key Ginger Oil Market Trend

• Expanding retail space is one of the key ginger oil market trends supporting the market growth.
• The retail market in APAC is growing faster than in Europe and North America due to strong economic growth in countries in the region.
• E-commerce as a sales medium for ginger oil is gaining popularity and the sales of these products through e-commerce portals, such as Amazon and Walmart, are increasing. 
• The convenience offered by online channels is one of the main factors pulling traffic to these sites.
• The traditional sales channel for ginger oil products has always been supermarkets, hypermarkets, and convenience stores. The sales of ginger oil through them are increasing due to a high preference for home-cooked food with enriched flavors.

The expanding retail space will propel the ginger oil market growth during the forecast period.

Key Ginger Oil Market Challenge

• Stringent regulations on the labeling of ginger oil is one of the factors challenging the ginger oil market growth.
• In Europe, most essential oils are considered hazardous chemical substances.
• The regulations on essential oils depend on the final product in which the essential oil is used. If the final product is marketed as a medicinal product, the essential oil needs to comply with certain pharmaceutical requirements. 
• In the US, the Food and Drug Administration (FDA) regulates the sales and marketing of essential oils. The US FDA has not given its approval for any essential oil, including ginger oil, to be used as a drug, and if a seller makes a claim about the potential therapeutic use, he or she (seller) must include the relevant disclosure on the product package.

Thus, these stringent regulations in various countries will render it difficult for companies operating in countries with such standards to comply with the regulations, which, in turn, may restrict the growth of the global ginger oil market during the forecast period.

This ginger oil 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 oil market as a part of the global packaged foods and meats 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 oil market during the forecast period.

Who are the Major Ginger Oil Market Vendors?

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

• AG Industries
• Alchem International Pvt. Ltd.
• AOS Products Pvt. Ltd.
• Azelis SA
• Bo International
• Edens Garden Inc.
• GR HERBALS
• International Flavors and Fragrances Inc.
• Katyani Exports
• K. K. Enterprise
• LorAnn Oils Inc.
• Mane Kancor Ingredients Pvt. Ltd.
• Manohar Botanical Extracts Pvt. Ltd.
• New Directions Aromatics Inc.
• Ozone Naturals
• Phoenix Aromas and Essential Oils LLC
• Rakesh Sandal Industries
• Rocky Mountain Oils LLC
• Sami Labs Ltd.
• Synthite Industries Ltd.
• The Lebermuth Co. Inc.
• Universal Oleoresins
• Young Living Essential Oils

This statistical study of the ginger oil market encompasses successful business strategies deployed by the key vendors. The ginger oil market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Aosproduct.com - The company offers ginger oil that is used in folk medicine for fevers, respiratory discomfort, nausea, stomachache, menstrual complaints, arthritis, and rheumatism.
• Boessentialoil.com - The company offers ginger oil used for muscle relaxation, cold relief, skin care, digestion, and inducing sleep.
• Grherbals.com - The company offers ginger oil that is effective, has a long shelf life, is safe to use, precise in terms of composition, and free from contaminants.

To make the most of the opportunities and recover from 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 ginger oil market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ginger Oil Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ginger oil market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Ginger Oil Market?

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49% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for ginger oil in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in the use of ginger oil in industries such as food and beverage, pharmaceuticals, and personal care and cosmetics will facilitate the ginger oil 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 Impact and Recovery Analysis

The COVID-19 pandemic had a negative impact on the regional ginger oil market in 2020. However, in 2021, due to the availability of COVID-19 vaccines and the vaccination drives carried out by governments of different countries in APAC, including China, Japan, South Korea, and Australia, activities in offline retail channels that supplied ginger oil gradually returned to normal. Such factors are expected to propel the demand for ginger oil crease, which, in turn, will significantly fuel the ginger oil market growth during the forecast period.

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

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The ginger oil market share growth by the organic segment will be significant during the forecast period. Organic crops are not genetically altered for pest resistance. Maintaining a fair playing field in production between organic and conventional products has proven challenging since organic crops have several product-specific requirements. Organic ginger oil is extracted from the plant ginger for its essential oils and oleoresins by cold pressing or steam distillation. Thus, such factors are expected to increase the demand for organic ginger during the forecast period.

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

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

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive ginger oil market growth during the next five years
• Precise estimation of the ginger oil market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the ginger oil industry across APAC, Europe, North America, Middle East and Africa, 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 oil market vendors

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