According to the latest report by IMARC Group, titled "Ginger Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global ginger processing market reached a value of US$ 387.5 Million in 2021. Ginger refers to a type of spice that is popularly used in the preparation of Asian cuisines. It belongs to the family of Zingiberaceae, and is characterized by a pungent, slightly sweet and peppery flavor. This, along with its characteristic spicy aroma, adds a distinctive flavor to the food dishes it is added in. It is a rich source of zinc, folate, phosphorus, magnesium, riboflavin and vitamins. As a result, its consumption aids in improving heart health and maintaining sugar levels in the body. It is widely processed in numerous forms, such as oil, paste and powder, that are primarily used for food applications.
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:
The global market is primarily driven by the increasing health-consciousness among the masses which has contributed to the rising demand for nutrition-rich food products. Foods with ginger are gaining widespread prominence among the masses due to their inflammatory and antioxidant properties. This has led to the launch of several ginger-infused beverages and lozenges that assist in digestion and offer cough relief. This, coupled with the easy product availability across the online and offline retail channels, is creating a positive outlook for the market. Moreover, there has also been an escalating preference for the consumption of convenience and fast foods across the globe. Since ginger products are widely utilized as an indispensable flavoring agent in the food and beverages industry, this is providing an impetus to the market growth. This is further supported by the hectic lifestyles led by the working professionals, inflating disposable income levels of the masses and their shifting dietary preferences. The market is also driven by the increasing utilization of ginger powder in the formulation of several skincare and personal care products since it is known to attribute a healthy glow to the skin. Additionally, ginger extracts are employed to add a distinctive fragrance to these products. On account of the aforementioned factors, the market is expected to grow at a CAGR of 11.75% during 2022-2027.
- Based on the form, ginger powder represents the most preferred segment, followed by ginger oil.
- On the basis of the end-use, the market has been classified into food, pharmaceutical, cosmetic 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, Indonesia and others.
- The competitive landscape of the market has been examined in the report with the detailed profiles of some of the key players.
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