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Ginger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3258
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Market Overview:
The global ginger market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.94% during 2023-2028.
Ginger is an underground rhizome of a tropical plant belonging to the family of Zingiberaceae. It has a pungent and sweet-spicy aroma with a firm, striated texture that adds a unique flavor to different fruit and vegetable dishes. Its oleoresin contains various bioactive components, which are utilized to obtain a variety of remarkable pharmacological and physiological benefits. It is consumed both as fresh ginger as well as processed to form dried, preserved, oil, pickled and candied ginger products.
The extensive applications of ginger in various industries represent one of the key factors bolstering the market growth. For instance, as ginger has a peppery flavor with a strong aroma, it is an extremely popular dietary condiment used as a spice to flavor cookies, cakes and curry mixes in the food and beverage (F&B) industry. It is also utilized to make candies cooked in syrup and coated with granulated sugar. Apart from this, ginger has anti-inflammatory properties that aid in alleviating pain and swelling associated with osteoarthritis. It is also used as a digestive aid for diarrhea, nausea, vomiting, and stomach upset occurring from motion sickness, pregnancy and cancer chemotherapy. This is positively influencing the sales of ginger in the pharma industry. Furthermore, as ginger reduces bad cholesterol levels, improves lipid metabolism and leads to blood thinning, it is gaining traction in medications that are used to decrease the risk of cardiovascular diseases and diabetes. Its application is further expanding in the cosmetics and personal care industries for manufacturing essential oils.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ginger market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and distribution channel.
Breakup by Product Type:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Fresh Ginger
- Dried Ginger
- Preserved Ginger
- Ginger Oil
- Others
Breakup by Application:
- Food Industry
- Pharmaceuticals Industry
- Cosmetics Industry
- Others
Breakup by Distribution Channel:
- Traditional Retail
- Modern Retail Stores
- Others
Breakup by Region:
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- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Application, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, Nepal, Bangladesh, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global ginger market was valued at US$ 2.9 Billion in 2022.
We expect the global ginger market to exhibit a CAGR of 7.94% during 2023-2028.
The rising consumer awareness towards numerous benefits of consuming ginger, such as maintaining sugar levels in the body, improving heart health, decreasing the risk of cardiovascular diseases and diabetes, etc., is primarily driving the global ginger market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of ginger.
Based on the product type, the global ginger market has been segregated into fresh ginger, dried ginger, preserved ginger, ginger oil, and others. Among these, fresh ginger currently holds the majority of the total market share.
Based on the application, the global ginger market can be bifurcated into food industry, pharmaceuticals industry, cosmetics industry, and others. Currently, the food industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global ginger market 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.
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