IMARC Group’s report titled “Ginger Market Report by Product Type (Fresh Ginger, Dried Ginger, Preserved Ginger, Ginger Oil, and Others), Application (Food Industry, Pharmaceuticals Industry, Cosmetics Industry, and Others), Distribution Channel (Traditional Retail, Modern Retail Stores, and Others), and Region 2024-2032“, Offers a comprehensive analysis of the industry, which comprises insights on the ginger market share.
How big is the global ginger market?
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.
Factors Affecting the Growth of Ginger Industry:
- Increasing Health Benefits and Growing Demand:
One of the primary factors propelling the ginger market is the increasing awareness and demand for its numerous health benefits. Ginger has been used for centuries in traditional medicine for its anti-inflammatory, antioxidant, and digestive properties. With the rise in health consciousness among consumers, there has been a rise in demand for natural remedies and functional foods, of which ginger is a prominent component. Research studies and clinical trials continue to uncover new potential health benefits of ginger, ranging from alleviating nausea and vomiting to aiding in weight management and reducing the risk of chronic diseases, such as heart disease and cancer. This growing demand for ginger as a natural health supplement has significantly contributed to its market expansion globally.
- Expanding Application in Food and Beverage Industry:
Another significant driver of the ginger market is its increasing utilization in the food and beverage industry. Ginger adds a unique flavor profile to a wide range of culinary dishes, including soups, stir-fries, curries, and baked goods. Moreover, the versatility of ginger extends to the beverage sector, where it is used in teas, juices, smoothies, cocktails, and even craft beer. The popularity of ginger-infused products has soared in recent years, driven by consumer preferences for exotic and flavorful ingredients, as well as the perception of ginger as a healthy addition to food and drinks. Food manufacturers and beverage companies are incorporating ginger into their product formulations to cater to this growing demand, thereby fueling the expansion of the ginger market.
- Increased Production and Export from Key Regions:
The production and export of ginger from key producing regions play a crucial role in shaping the dynamics of the global ginger market. Countries such as China, India, Nigeria, Thailand, and Indonesia are among the leading producers of ginger, accounting for a significant share of the total output globally. These regions benefit from favorable agro-climatic conditions conducive to ginger cultivation, as well as established farming practices and infrastructure for processing and distribution. Furthermore, advancements in agricultural technology and farming techniques have contributed to increased yields and enhanced quality of ginger crops. The accessibility of ginger from these key producing regions ensures a steady and reliable supply to meet the growing demand from domestic and international markets. Additionally, strategic initiatives by governments and industry stakeholders to promote ginger cultivation and export further stimulate market growth and create opportunities for trade expansion.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/ginger-market/requestsample
Leading Companies Operating in the Global Ginger Industry:
- 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
- The Ginger People Co.
Ginger Market Report Segmentation:
By Product Type:
- Fresh Ginger
- Dried Ginger
- Preserved Ginger
- Ginger Oil
- Others
Fresh ginger holds maximum number of shares due to its versatility, widespread culinary use, and perceived health benefits, driving its popularity among consumers.
By Application:
- Food Industry
- Pharmaceuticals Industry
- Cosmetics Industry
- Others
Food industry dominates the market due to its widespread use in culinary applications, ranging from flavoring to ingredient in various cuisines worldwide.
By Distribution Channel:
- Traditional Retail
- Modern Retail Stores
- Others
Based on the distribution channel, the market has been segregated into traditional retail, modern retail stores, and others.
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific’s dominance in the ginger market is the high consumption rates and significant production levels across countries like China, India, and Thailand.
Global Ginger Market Trends:
In recent years, there has been a notable shift in consumer preferences toward natural remedies and functional foods, driven by concerns over the side effects of synthetic medications and processed foods. Ginger, with its long history of medicinal use and perceived health benefits, has gained traction as a preferred natural remedy for various ailments. As consumers seek alternatives to conventional pharmaceuticals, the demand for ginger-based products, including supplements, extracts, and essential oils, has increased.
This trend is further reinforced by the growing interest in holistic health and wellness practices, wherein ginger is often incorporated into diets and wellness routines for its purported healing properties. Additionally, beyond its traditional uses in food and medicine, ginger is increasingly finding applications in the cosmetics and personal care industry. Ginger extract is valued for its skin-nourishing and anti-inflammatory properties, making it a sought-after ingredient in skincare products such as creams, lotions, and serums.
Additionally, the invigorating aroma of ginger makes it a popular choice for fragrances and aromatherapy products. As consumers become more discerning about the ingredients in their personal care products and seek natural alternatives, the demand for ginger-infused cosmetics continues to grow.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
