Ginger Market

Ginger Market Size:

The global ginger market size reached US$ 3.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032. The growing use of ginger in the various health and wellness products, organic food, pharmaceuticals, and functional beverages, increasing governmental efforts, and rising developments in extracts are some of the factors impelling the market growth.

Ginger Market Analysis:

• Major Market Drivers: The market is experiencing moderate growth because of the increasing demand for ginger in natural remedies for its anti-inflammatory and digestive properties.
• Key Market Trends: The rising popularity of organic ginger among health-conscious consumers is encouraging manufacturers to expand their organic product lines to include organic ginger variants, which are perceived as safer and of higher quality.
• Geographical Trends: Asia Pacific dominates the market attributed to traditional uses in local cuisines and medicines.
• Competitive Landscape: Some of the major market players in the ginger industry include 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., among many others.
• Challenges and Opportunities: The fluctuation in ginger prices due to varying climatic conditions affecting harvests influences the ginger market revenue, profits for farmers and prices for consumers. Nonetheless, the ginger market recent developments like the use of ginger in nutraceuticals and functional foods is offer lucrative growth opportunities.
   

Ginger Market Trends:

Extract Development

Innovating products, especially in the ginger extract segment, is strengthening the ginger market growth. Producers are employing advanced extraction methods to create highly concentrated ginger extracts that are valued for their potent health benefits and flexibility. These portions are being added to a wide range of products, from supplements aiding digestive health and reducing inflammation to energy drinks and functional foods for health-conscious customers. Furthermore, ginger extracts are being more commonly incorporated into cosmetic products for their antioxidant and anti-aging benefits. Focusing on innovating with ginger extracts enables companies to satisfy consumer needs for more efficient and convenient ginger solutions, ultimately broadening the market's scope and potential.

Specnova unveiled GingerT3™ in June 2022, which is a rapid-acting, fermented, natural ginger extract created to aid in joint health by blocking certain pain receptors and inflammatory enzymes. Created by professionals in the field, GingerT3™ isolates important ginger components to alleviate joint pain, providing powerful strength and effectiveness for simple incorporation into different products.

Growing Governmental Support

Government efforts are crucial for driving the ginger demand through the implementation of policies that enhance agricultural productivity, support exportation, and uphold environment-friendly practices. Many governments in top ginger-producing countries provide farmers with subsidies and technical assistance to enhance crop yields and quality. For instance, in April 2022, the Meghalaya Government in India initiated the Ginger Mission in Garo Hills with the goal of enhancing ginger production and supporting 40,000 farmers with an allocated budget of ₹121 crore for three years, emphasizing on better varieties, processing units, and marketing connections.

Trade deals and decreased export taxes are also supporting the expansion of international market prospects for ginger growers. Governments are promoting organic agriculture by implementing certification programs and providing incentives, in line with the worldwide movement towards sustainability. The intention of these endeavors is to stabilize the market and promote compliance with quality and environmental regulations, ultimately enhancing consumer trust in ginger products.

Health Consciousness and Medicinal Benefits

The growing demand for natural health solutions from consumers worldwide is offering a favorable ginger market outlook. Ginger is famous for its medicinal benefits, like reducing inflammation, soothing the stomach, and boosting the immune system. Research has examined how the active compounds in ginger, such as gingerols and shogaols, can help alleviate symptoms of nausea, arthritis, and migraines, increasing its attractiveness as an ingredient in functional foods. As per the data published by the World Health Organization (WHO) in 2023, around 40% of the worldwide population, equivalent to 3.1 billion individuals in 2021, suffer from headache disorders, with a higher prevalence in women than in men. They are among the top three most common neurological disorders found in people of all ages, from 5 years old to 80 years old. The growing range of health products including ginger such as supplements and teas, aimed at health-conscious people, indicates a change in trend. In some industries, the need for ginger is rising due to the increased emphasis on preventative healthcare and the usage of natural components in regular meals.

Ginger Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, application, and distribution channel.

Breakup by Product Type:

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

 Fresh ginger exhibits a clear dominance in the market 

A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes fresh ginger, dried ginger, preserved ginger, ginger oil, and others. According to the report, fresh ginger accounted for the largest market share.

Fresh ginger is the most popular in the global market, mainly because it is widely used in cooking in different cultures and cuisines. It is preferred for its excellent taste and smell, which are strongest when the root is new. Fresh root is the best choice due to its outstanding taste and aroma, which are at their peak during that period. In addition to being used in cooking, fresh ginger is commonly utilized for its healing properties. It is commonly used in alternative medicine to improve digestion, reduce inflammation, and combat cold and flu symptoms. Fresh ginger can improve flavors in cooking and provide health benefits, which is leading to its widespread use in home kitchens and the food and beverage sector. The increasing trend of natural and organic food is also driving the demand for fresh ginger as a key element in health-focused food items, strengthening its market dominance. In the year 2023, the Indian organic food market reached a value of $1,582.2 million USD. The IMARC Group estimates the market to grow at a CAGR of 21.19% between 2024 and 2032, with a total value of US$ 8,918.5 million in 2032.

Breakup by Application:

• Food Industry
• Pharmaceuticals Industry
• Cosmetics Industry
• Others
   

Food Industry dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes food industry, pharmaceuticals industry, cosmetics industry, and others. According to the report, food industry represented the largest segment.

The market highlights the food industry as its biggest sector, showing the essential part that ginger plays in global culinary customs. It has unique taste and nutritious properties are why it is often used in a range of dishes, such as flavorful Asian curries and comforting Western herbal teas. Ginger is used in various ways in the food industry, like fresh, dried, powdered, and in oil form, improving taste and adding nutritional benefits to dishes. The increasing demand for ethnic cuisines and natural food additives is driven by growing consumer interest. Moreover, the rise in popularity of functional foods, which involve adding ingredients for their health advantages, has led to ginger being included in a variety of products such as baked goods and health drinks, showcasing its versatility and growth in the food sector. The market size for functional foods worldwide was estimated to be US$ 221.1 billion in 2023. The market is predicted by the IMARC Group to expand at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2032, reaching US$ 368.9 billion in 2032.

Breakup by Distribution Channel:

• Traditional Retail
• Modern Retail Stores
• Others
   

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes traditional retail, modern retail stores, and others.

Traditional retail such as local markets and small grocery stores are essential for the distribution of ginger, especially in areas where these markets are deeply rooted in the culture. These establishments frequently provide fresh ginger root straight from nearby farms, giving customers the option to select from produce that is seen as more genuine and of higher quality. Countries with robust ginger industries like India and China heavily rely on traditional retail, which plays a crucial role in their daily shopping routines. The ongoing popularity of these markets is also supported by the personal interaction and trust established between buyers and sellers, which help support local economies and give consumers access to fresh, high-quality ginger.

Modern retail stores, like supermarkets and hypermarkets, serve as an important way of distributing ginger products to a wide range of customers. These stores provide consumers with a variety of ginger options, such as fresh, dried, powdered, and processed forms like ginger paste and ginger oil, for convenience. The increasing consumer demand for transparency and quality assurance in food sourcing is being met by the presence of organic and certified products in these stores. The widespread distribution system, continuous supply, and promotional efforts of modern retail contribute to raising consumer knowledge about the various uses and benefits of gingers, thus broadening its reach.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • Nepal
  • Bangladesh
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific leads the market, accounting for the largest ginger market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, Nepal, Bangladesh, Indonesia, and Others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for ginger.

The Asia Pacific region dominates the market according to the ginger market overview due to a strong cultural significance and extensive use in traditional dishes and medicine. The ideal weather conditions in these regions result in a consistent yield of ginger, meeting the demands of both local consumption and large-scale exports. Furthermore, the rise of the middle-class in the area, along with a growing interest in health and wellness, is driving the need for ginger in different types, such as fresh, dried, and processed products like ginger oils and supplements. The increase in demand is also supported by the updating of retail facilities like supermarkets and online platforms in the Asia Pacific, making it easier and more convenient for consumers to access products. As per the data provided by the India Brand Equity Foundation (IBEF), 1.2 million e-commerce transactions took place per day in 2021. It is projected that by 2030, there would be around 500 million online buyers in India, up from roughly 150 million in 2020. By 2030, the GMV of the e-commerce market is predicted to reach US$ 350 billion.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the ginger industry include 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.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• Major ginger companies are proactively broadening their range of products and prioritizing creativity to fulfill the varied and increasing needs of users. Leading the charge in providing a variety of ginger-based products, companies are taking advantage of the health benefits that ginger provides. These leading companies are also putting money into sustainable and organic farming methods to attract eco-friendly people. Furthermore, they are expanding their worldwide distribution networks by forming strategic alliances and selling products online to expand their market presence, especially in new and growing markets. For instance, in February 2022, New Concept Product Co., Ltd. collaborated with Tetra Pak to launch ready-to-drink (RTD) ginger beverages in Thailand, targeting a younger demographic interested in healthy, on-the-go options. The innovative Tetra Pak carton packaging ensures convenience, sustainability, and preservation of nutrients, reflecting the rising health consciousness among consumers.

Ginger Market News:

• April 2024: The Ginger People Co. launches Ginger Rescue Lozenges, offering natural relief for nausea and digestion with fresh ginger and red ginger extract, exclusively at Walmart stores and online. These clean label, drug-free formulas provide potent ginger benefits, addressing morning sickness, indigestion, and mild heartburn effectively.

Ginger Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ginger market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and recent opportunities in the global ginger market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ginger industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.