IMARC Group’s latest report, titled “Ginger Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the global ginger processing market size reached US$ 310 Million in 2019. Ginger is one of the most commonly used condiments in Asian cuisines due to its pungent, slightly sweet and peppery flavor and spicy aroma. The spicy aroma results from the presence of ketones, particularly gingerols, which are the main bioactive compounds of the vegetable. It also consists of zinc, folate, magnesium, phosphorus, riboflavin and vitamin B6, which offer numerous health benefits. Some of these benefits include reducing the risk of diabetes, obesity and heart diseases, as well as providing relief from nausea, motion sickness and appetite loss.
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 Processing Market Trends:
Processed ginger products, including oil, pulp, syrup, powder and candy, are extensively used in the food and beverage (F&B) industry. Amongst these, ginger powder is utilized in pickles, curry dishes, meat sausages, salad dressings and tomato ketchup as a flavoring agent. Moreover, the increasing health consciousness among consumers is catalyzing the demand for ginger, as it offers anti-inflammatory and antioxidant properties. As a result, manufacturers are introducing a wide range of processed ginger products, such as digestive drinks and ginger tea. Besides this, ginger juice is used to manufacture several medicines, and ginger oil is included in cough relief tablets and syrups. It is also used for treating several skin disorders in ayurvedic medicine. Some of the other factors strengthening the market growth are low capital investments, expanding fast-food chains and the easy availability of raw materials. However, the market is facing challenges due the coronavirus disease (COVID-19) outbreak, which has disrupted both the supply and demand for processed ginger products. Looking forward, the market is projected to exhibit strong growth during 2020-2025.
- Based on the form, ginger powder represents the most preferred form, followed by ginger oil.
- On the basis of the end-use, the market has been classified into food, pharmaceutical, cosmetics and other industries. Amongst these, the food industry exhibits a clear dominance in the market.
- The market has been categorized based on the distribution channel into supermarkets and hypermarkets, specialty food stores, convenience stores, online and others.
- Region-wise, India represents the largest producer and one of the leading exporters of ginger and processed ginger products. Other major markets include China, Nepal, Thailand, Nigeria and Indonesia.
- The competitive landscape of the market has been examined in the report with the detailed profiles of some of the key players operative in the industry.
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