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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.
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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
Such health benefits will drive the ginger oil market growth during the forecast period.
Key Ginger Oil Market Trend
The expanding retail space will propel the ginger oil market growth during the forecast period.
Key Ginger Oil Market Challenge
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
Ginger Beer market - The market share is expected to increase to USD 4.08 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.68%.
Maracuja Oil market - The market share is expected to increase to USD 1.27 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.14%.
Cottonseed Oil market - The market size is expected to reach a value of 1192.22 thousand tons, at a CAGR of 4.36%, during 2021-2025.
Patchouli Oil market - The market share is expected to increase to USD 9687.67 thousand from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.38%.
Ginger Oil Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.77% |
Market growth 2022-2026 |
$ 77.2 million |
Market structure |
Fragmented |
YoY growth (%) |
9.42 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 49% |
Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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 |
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, 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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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