MarkNtel Advisors analyses the growth rate of the Ginger market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Ginger market, helping them make informed decisions.
Market Outlook – 2024-2030:
The Global Ginger Market 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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Key Company Profiles
This report explores recent significant developments in the Ginger Market, focusing on the leading companies and their innovative profiles. The major players in the Ginger Market, featured in this report, include:
- 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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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Ginger Market to forecast revenues and analyse trends across each of the following sub-markets:
- 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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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.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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