Ginger Market on Track to Hit USD 4.5 billion in 2023, Growing at 6.9% CAGR by 2030
Global Ginger Market: In-Depth Analysis and Forecasts for 2024-2030
MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Ginger Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Ginger Market: 2024-2030
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.
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What are the primary factors driving the growth of the Ginger Market?
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:
The Ginger market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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
Geographical Analysis into the Ginger Market:
The Ginger market is categorized based regional:
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
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Competitive Landscape and Ginger Market Share Analysis:
The competitive landscape of the Ginger Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- 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.
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Questions Addressed in this Study
- What factors are driving the Ginger Market growth?
- How is the Ginger Market expected to grow over the next five years?
- What are the key insights into the current trends in the Ginger Market?
- What is the current size of the Ginger Market, and how is it projected to change in the future?
- What is the future outlook for the Ginger Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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