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The ginger oil market size is forecast to increase by USD 79.9 million and is estimated to grow at a CAGR of 10.04% between 2023 and 2028. Ginger oil, derived from the rhizomes of the ginger plant, is renowned for its numerous health benefits. Perceived health advantages include relief from inflammation, pain, and nausea. Its antioxidant properties contribute to improved heart health and immune system function. The rising demand for natural ingredient-based products, driven by consumer preference for healthier alternatives, fuels the growth of the market. As a result, the adoption of ginger oil in food, beverages, and cosmetics industries continues to increase, making it a valuable commodity in the global marketplace.
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Ginger oil, derived from the rhizome of the ginger plant, is a spiciness-infused essential oil known for its warmth and stimulating properties. This precious oil is extracted through steam distillation and is a perennial herb that has been used for centuries in various culinary, medicinal, and cosmetic applications. Ginger oil is a popular spice and preservative in many cuisines, adding a distinct flavor to dishes. Its medicinal properties make it a valuable ingredient in Ayurvedic practices, traditional Chinese medicine, and Western herbalism. The oil is rich in antioxidants and has anti-inflammatory properties, making it beneficial for treating bronchitis, respiratory ailments, and dyspepsia. Ginger oil is also used as a supplement to boost immunity and is often combined with lemon and turmeric for added health benefits. In the cosmetics industry, ginger oil is used as a flavoring agent in confectionery and beverages, and as an ingredient in savory products. Its therapeutic properties make it a popular ingredient in aromatherapy and skincare products. 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.
Perceived health benefits associated with ginger oil is notably driving market growth. The global market is experiencing significant growth due to the increasing recognition of its health benefits and versatile applications. Sustainable sourcing practices and organic cultivation methods are prioritized in the production of ginger oil to meet the rising demand.
Moreover, in the fragrance and flavoring industries, ginger oil is widely used for its distinct aroma and taste. Additionally, the pharmaceuticals industry utilizes ginger oil for its anti-inflammatory properties, nausea relief, and various other therapeutic applications. Natural remedies, skincare, and haircare are other sectors that leverage ginger oil for its numerous benefits. Thus, such factors are driving the growth of the market during the forecast period.
Expanding retail space is the key trend in the market. The global market is experiencing significant growth due to increasing demand from various industries such as the fragrance, flavoring, pharmaceuticals, and aromatherapy industries. Sustainable sourcing practices and organic cultivation methods are becoming increasingly important in the production of ginger oil, with a focus on ethically sourced products.
Moreover, in the retail sector, Walmart Inc, Amazon.com Inc., Costco Wholesale Corporation, Kroger, and Schwarz GmbH & Co KG are major players, with a strong presence in both physical and online retail. Thus, such trends will shape the growth of the market during the forecast period.
Stringent regulations on labeling of ginger oil is the major challenge that affects the growth of the market. The global market is driven by its extensive applications in the fragrance, flavoring, pharmaceuticals, and natural remedies industries. Sustainable sourcing practices and organic cultivation methods are increasingly being adopted to meet the growing demand for ethically sourced products.
However, the market growth may be hindered by stringent regulations on sales, marketing, and labeling of essential oils in various countries. These regulations include permits, residual management issues, and expiry dates for products. In Europe, essential oils are classified as hazardous chemical substances, and their use depends on the final product. Hence, the above factors will impede the growth of the market during the forecast period.
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
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.
AOS Products Pvt. Ltd: The company offers ginger oil that are used in folk medicine for fevers, respiratory discomfort, nausea, stomachache, menstrual complaints, arthritis, and rheumatism.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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.
The organic segment is estimated to witness significant growth during the forecast period. Ginger oil, derived from the rhizome of the perennial herb Zingiber officinale, has been widely used as a spice, preservative, and medicinal ingredient for centuries. This stimulating oil is known for its spiciness and warmth, making it an essential component in various traditional medicines and home remedies. In ancient times, ginger oil was used to combat inflammation, respiratory issues, nausea, menstruation problems, and upset stomachs.
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The organic segment was the largest segment and valued at USD 80.30 million in 2018. Today, ginger oil is gaining popularity among health-conscious customers due to its natural anti-inflammatory properties. It is commonly used in aromatherapy, laxatives, and as an antibacterial tonic and stimulant. The organic segment in the global market is experiencing significant growth, driven by consumer preference for natural and organic ingredients. Organic ginger oil is produced using organic farming practices, such as cultivation in soil enriched with organic materials and avoidance of genetically modified organisms. Hence, such factors are fuelling the growth of this segment during the forecast period.
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APAC is estimated to contribute 48% 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. The Market encompasses the production, distribution, and consumption of essential oils derived from the rhizomes of the ginger plant. This market holds significant value due to the numerous therapeutic properties of ginger oil, which include relief from diarrhea, muscular disorders, abdominal pain, heartburn, and digestive issues. The oil is extracted using methods like Soxhlet extraction and steam distillation, resulting in the production of oleoresin or gingerol. The market's growth is driven by the increasing awareness of clean labels and plant-based ingredients in the health and wellness industry. Hence, such factors are driving the market in APAC during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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Ginger Oil, derived from the rhizome of the perennial herb Zingiber officinale, is a spice known for its spiciness and warmth. This stimulating oil has been used for centuries in ancient times for its medicinal properties. Ginger oil is a popular ingredient in traditional medicines and home remedies, providing relief from inflammation, respiratory issues, nausea, menstruation problems, and upset stomachs. The oil's antibacterial and tonic properties make it a valuable addition to the food sector, where it is used as a preservative and flavoring agent in various cuisines. In natural health products, ginger oil is used as a laxative and stimulant. Its anti-inflammatory properties help combat nausea and are beneficial in aromatherapy. Health-conscious customers are increasingly turning to natural oils, including ginger oil, for their numerous health benefits. The production of ginger oil involves distilling essential oils from the ginger root. The oil's aroma and flavor make it a popular ingredient in smoothies, teas, and various extracts-based goods. The food sector and traditional medicine continue to be the primary markets for ginger oil. However, its use in the production of contaminant-free and organic ingredients is expected to drive growth in the market. The demand for natural ingredients in the food industry and the increasing popularity of natural health products are also expected to boost the market for ginger oil.
Market Scope |
|
Report Coverage |
Details |
Page number |
133 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.04% |
Market growth 2024-2028 |
USD 79.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.9 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key countries |
China, US, Germany, Japan, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A.G. Groups, Alchem International Pvt. Ltd., AOS Products Pvt. Ltd., Azelis SA, Bo International, Edens Garden, 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 Pvt. Ltd., The Lebermuth Co. Inc., Universal Oleoresins, and Young Living Essential Oils LC |
Market dynamics |
Parent market analysis, market report, market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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