According to the latest report by IMARC Group, titled “Ginger Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global ginger processing market reached a value of around US$ 2 Billion in 2017, exhibiting a CAGR of around 10% during 2010-2017. Ginger is regarded as one of the most widely used dietary condiments which is commonly added in Asian cuisines owing to its pungent aroma and peppery flavor. The aroma of ginger results from the presence of ketones, particularly gingerols, which are the main bioactive compounds with powerful anti-inflammatory and antioxidant properties. Some of the nutrients which are abundantly found in ginger include magnesium, phosphorus, zinc, folate, riboflavin and vitamin B6. Owing to this, ginger has been used for various medicinal applications like minimizing the risk of diabetes, obesity and heart diseases as well as relieving nausea, motion sickness and loss of appetite.
Global Ginger Processing Market Trends:
On account of its distinct taste and health benefits, processed ginger products like powder, pulp, syrup, oil and candy are extensively used in the food and beverage industry. Amongst these, ginger powder is employed as a flavoring agent in tomato ketchup, pickles, curry dishes, meat sausages and salad dressings. Increasing health consciousness amongst the consumers across the globe is propelling the demand for healthy food products. As a result, several products like digestive drinks and ginger tea are being introduced by the manufacturers. Besides this, ginger juice is used in several medicines in the pharmaceuticals industry, and ginger oil is included in cough relief tables and syrups as well as for treating different skin disorders in the cosmetics industry. Some of the other growth-inducing factors include easy availability of raw materials, low capital investments, rising urbanization, growing population and expanding fast food chains. Looking forward, the market value is projected to reach US$ 3 Billion by 2023.
Global Ginger Processing Market Summary:
- The global ginger processing market has been bifurcated on the basis of form into ginger powder and ginger oil.
- The market has also been categorized based on end-use segments. Some of the major segments include food industry, pharmaceuticals industry, cosmetics industry and others.
- Region-wise, the market has been segmented into China, India, Nepal, Thailand, Nigeria, Indonesia and Others. Amongst these, India represents the leading market, accounting for the majority of the global share. Ginger grows well in warm and humid climate owing to which India has emerged as the largest producer and one of the biggest exporters of ginger as well as processed ginger products.
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