According to IMARC Group’s latest report, titled “Ginger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the global ginger market size reached US$ 2,516 Million in 2020. Looking forward, the market expects to exhibit moderate growth during the next five years.
Ginger is a thick aromatic rhizome that belongs to the Zingiber genus of the Zingiberaceae family. It is native to the tropical regions of Asia, South America and Africa, and is primarily used as a spice and for medicinal purposes. It aids in controlling nausea and vomiting and is employed for treating osteoarthritis, diabetes, headaches and menstrual cramps in alternative medicine.
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.
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Global Ginger Market Trends:
The global ginger market is primarily driven by its growing applications in diverse industries. In the food and beverage industry, ginger is used as a flavoring agent in various food products and alcoholic and non-alcoholic beverages. Ginger has anti-inflammatory and antioxidant properties, due to which it is also used in lozenges that assist in digestion and offer cough relief. In the cosmetics industry, ginger powder is employed in soaps and personal care products to add fragrance and provide a healthy glow to the skin. Besides this, the rising health-consciousness and awareness regarding the benefits of consuming ginger, including improving heart health, decreasing the risk of cardiovascular diseases and diabetes and maintaining sugar levels in the body, have resulted in a significant increase in its adoption in daily diets of individuals.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being
Archer-Daniels-Midland Company (ADM), Buderim Group Limited (BUG.AX), 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 and The Ginger People Co.
- Based on the product type, the market has been categorized into fresh ginger, dried ginger, preserved ginger, ginger oil and others. Amongst these, fresh ginger is the most popular product type.
- On the basis of the application, the food industry holds a clear dominance in the market. Other major application segments are the pharmaceuticals and cosmetics industries.
- The market has been divided based on the distribution channel into traditional, modern, and other retail stores. At present, traditional retail stores account for the majority of the overall market share.
- Region-wise, Asia Pacific (China, Japan, India, Nepal, South Korea, Bangladesh, Indonesia, and others) represents the largest market. Other major regions are North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
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