Ginger Market Analysis, Recent Trends and Regional Growth Forecast by 2026by IMARC Group Market Research Reports
According to the latest report by IMARC Group, titled, “Ginger Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026", the global ginger market grew at a CAGR of around 6% during 2015-2020. Looking forward, the market expects to exhibit moderate growth during the next five years.
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.
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Note: 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.
Global Ginger Market 2021-2026 Analysis and Segmentation:
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.
For more information about this report visit: https://www.imarcgroup.com/ginger-market
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
Market Breakup by Application:
- Food Industry
- Pharmaceuticals Industry
- Cosmetics Industry
Market Breakup by Distribution Channel:
- Traditional Retail
- Modern Retail Stores
- North America
- Latin America
- Middle East and Africa
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Created on Mar 8th 2021 07:48. Viewed 51 times.