A Quick Overview of Ginger Market
The key object of this report on the Ginger Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Ginger Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Ginger Market Scenario:
The Global Ginger Market size was valued at USD 4.5 billion in 2023 and is estimated to grow at a CAGR of around 6.9% during the forecast period, i.e., 2024-30. The growth of the market would be propelled mainly by the growing consumer awareness of the health benefits & culinary uses of ginger and its increasing number of medicinal & nutraceutical applications. Ginger is a versatile ingredient used in various cuisines worldwide. Its unique flavor & aroma make it a popular choice in many savory & sweet dishes, beverages, snacks, & condiments.
As a result, the globally flourishing food & beverage sector, including restaurants, packaged food manufacturers, & beverage companies, is boosting the demand for ginger as an ingredient in their products. In addition, the growing demand for ginger-based natural health products & dietary supplements on account of its anti-inflammatory, antiemetic, & antioxidant properties, coupled with the rising popularity of ginger in natural & functional ingredients, owing to which it is perceived as a "clean label" ingredient, are other prominent aspects driving the market.
Ginger Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:
Market Driver - Ever-Increasing Consumer Demand for Healthy & Natural ingredients
Ginger is recognized widely for its health benefits owing to its anti-inflammatory properties, digestive benefits, and use in traditional medicine applications. As consumers increasingly seek natural remedies & functional foods to support their well-being, and ginger well-aligns with these preferences, it witnesses high demand. Moreover, there's a growing preference for natural & clean-label ingredients, which are minimally processed and free from artificial additives.
As ginger also fits well here as a natural spice & flavoring agent, consumers are increasingly opting for products with recognizable & simple ingredient lists. Hence, the mounting inclination of consumers toward healthy foods with natural ingredients is a key factor driving the Global Ginger Market.
Ginger Market Segmentation Analysis:
Ginger Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Forms
- Fresh Ginger - Market Size & Forecast 2019-2030, USD Million
- Powdered Ginger- Market Size & Forecast 2019-2030, USD Million
- Dried Ginger - Market Size & Forecast 2019-2030, USD Million
- Ginger Oil - Market Size & Forecast 2019-2030, USD Million
By Type
- Organic- Market Size & Forecast 2019-2030, USD Million
- Conventional- Market Size & Forecast 2019-2030, USD Million
By Application
- Food Processing - Market Size & Forecast 2019-2030, USD Million
- Pharmaceuticals Nutraceutical - Market Size & Forecast 2019-2030, USD Million
- Personal Care Industry- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Who are the Key Market Players in the Ginger Market?
In the fast-changing Ginger Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Ginger market ruling the industry are:
List of Key Companies Profiled:
- Monterey Bay Spice Co. Inc.
- Sino Nature International Co Ltd
- Buderim Group Limited
- Knitspice
- KODGAV
- Canadian Ginger Company
- Olam Spices
- Huaguang Group
- Indian Organic Farmers Producer Co. Ltd.
- Others.
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