Ginger Market Analysis, Recent Trends and Growth Forecast by 2028

According to the latest report by IMARC Group, the global ginger market size reached US$ 2.9 Billion in 2022. Looking forward, the market expected to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.94% during 2023-2028.

Ginger refers to an underground rhizome of a tropical plant belonging to the family of Zingiberaceae. It has a pungent smell and sweet-spicy taste with a firm, striated texture that adds a unique flavor to different dishes. Its oleoresin contains various bioactive components, which offer numerous pharmacological and physiological benefits. Ginger is widely consumed in a fresh form as well as is processed to prepare dried, pickled, preserved oil, and candied ginger products.

The expanding food and beverage (F&B) industry is primarily driving the global market for ginger. It is used as a flavoring agent and condiment in various curries, baked products, confectionaries, etc. Furthermore, owing to its anti-inflammatory properties, ginger is widely utilized to treat pain and swelling associated with osteoarthritis. 

Moreover, ginger is also adopted as a dietary supplement for reducing vomiting, diarrhea, nausea, and stomachache that may occur due to motion sickness, chemotherapy, pregnancy, menstruation, etc. Additionally, the high prevalence of numerous viral infections is further propelling the demand for ginger-based products in several preventive care procedures. In the coming years, the expanding applications of ginger in various non-food sectors, including cosmetics and personal care, will continue to drive the market growth on a global level.

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/ginger-market/requestsample

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Archer-Daniel-Midland Company, Buderim Group Limited, Floracopeia Inc., Guangxi Yongjiang Food Industry Co., Ltd., Indian Organic Farmers Producer Company Limited (IOFPCL), Monterey Bay Spice Co., SA Rawther Spices (P) Ltd., Sino-Nature International Co. Ltd., Sun Impex International Foods LLC and The Ginger People Co.

The report has segmented the market on the basis of Product Type, Application, Distribution Channel and Region.

Market ​Breakup by Product Type:

• Fresh Ginger
• Dried Ginger
• Preserved Ginger
• Ginger Oil
• Others

 Market Breakup by Application:

• Food Industry
• Pharmaceuticals Industry
• Cosmetics Industry
• Others

 Market Breakup by Distribution Channel:

• Traditional Retail
• Modern Retail Stores
• Others

 Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com 

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Mar 8th 2021 07:48. Viewed 273 times.

Share on APSense

Comments