Global Ginger Market was valued at US$ 3.9 Bn in 2017 and is expected to reach US$ 6.1 Bn by 2026, at a CAGR of 5.75% during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Ginger Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Ginger Market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on form, fresh segment is expected to hold the largest share in the global ginger market growth during the forecast period owing to increased usage of ginger as herbal medicine among consumers across the globe. The powdered segment is also expected to generate the highest CAGR in the global ginger market in the forecast period as the growing expansion of the food and beverages industry across the globe. On the basis of application soup and sauces, the segment is expected to propel the ginger market growth in the forecast period.
Ginger market growth is boosting as growing demand for the ginger from the food & beverages industry. Growing usage of ginger in various food products like alcoholic & non-alcoholic beverages and soups & sauces, which is expected to boom the global ginger market growth during the forecast period. The rise in awareness regarding the health benefits of ginger among consumers globally, which is driving the ginger market growth in a positive way. The increasing popularity of bakery and convenience food products among consumers across the globe, which is also expected to fuel the global ginger market across the globe in a positive way. However, mouth irritation & heartburn cause of a huge dose of ginger is estimated to hamper the global ginger market growth in the forecast period.
In terms of region, the Asia Pacific is expected to hold the largest share in the ginger market during the forecast period owing to the rising popularity of ginger as an herbal medicine among consumers. India and China are estimated to drive the global ginger market during the forecast period. Growing consumption of alcoholic and non-alcoholic food & beverages in this region. In addition, growing living standards coupled with increasing disposable income of consumers is another driving factor of the global ginger market growth. North America is also expected to generate the highest CAGR in the global ginger market during the forecast period as growing awareness regarding benefits of ginger among consumers in this region.
Scope of the Report Ginger Market
Global Ginger Market, by Form
• Fresh
• Dried
• Pickled
• Preserved
• Crystallized
• Powered
Global Ginger Market, by Application
• Culinary
• Soup and Sauces
• Snacks and Convenience Food
• Bakery Products
• Alcoholic Beverages
• Non Alcoholic Beverages
• Chocolate and Confectionery
• Others
Global Ginger Market, by Distribution Channel
• Modern Grocery Retail
• Traditional Grocery Retail
• Non-Grocery Retail
Global Ginger Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Ginger Market
• Monterey Bay Spice Co. Inc.
• Buderim Group Ltd.
• SA Rawther Spices Pvt. Ltd
• Yummy Food Industrial Group
• Sun Impex International Foods L.L.C.
• Archer-Daniels-Midland Co.
• Indian Organic Farmers Producer Co. Ltd.
• Atmiya International
• Food Market Management Inc.
• Sino-Nature International Co. Ltd.
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The global reach and acceptance for spices, especially for ginger have been increasing in recent years, presenting promising growth opportunities for large-scale manufacturers and processors of the spice that also promises vast health benefits, observes Transparency Market Research in a recent report.
The global ginger market has multiple players, owing to which the vendor landscape is fragmented and is competitive in nature.
The dominant players in the global ginger market are Yummy Food Industrial Group, Sun Impex International Foods L.L.C., Archer-Daniels-Midland Co., Indian Organic Farmers Producer Co. Ltd., Monterey Bay Spice Co. Inc., Buderim Group Ltd., SA Rawther Spices Pvt.
Ltd, Atmiya International, Food Market Management Inc., and Sino-Nature International Co. Ltd.Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=33065According to the report, the global ginger market is expected to reach a valuation of US$4.18 bn by the end of 2022; the market is expected to expand at a 6.5% CAGR during the forecast period of 2017 to 2022.
Asia Pacific to remain the Leader in Global Ginger Marketmarket t based on the form of ginger into fresh, pickled, dried, preserved, powdered, and crystallized.
Global ginger market is further segmented on the basis of application, distribution channel and region.Request a Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=33065Geographically, Asia Pacific excluding Japan (APEJ) is the leading regional market.
Globally, ginger is available in different forms such as raw ginger, dry ginger, bleached dry ginger, ginger powder, ginger oil, ginger oleoresin, ginger candy, etc.
According to Renub Research, Global Ginger Market is expected to reach US$ 8.46 Billion by the end of the year 2027.Globally, ginger is growing acceptance as herbal medicine.
Its medical benefits include –Fresh ginger constitutes Protein (2.3%), Fat (0.9%), Carbohydrates (12.3%), Mineral (1.2%), Fiber (2.4%) and Moisture (80.9%).Its medicinal properties help prevent stomach ache, sickness, colic, diarrhoea, or nausea and fight flu and the common cold.Ginger has properties such as antifungal, antiplatelet, antibacterial, anti-inflammatory, and anti-oxidativeGinner is preferred as home remedies to treat intestinal gas issues, reduce osteoarthritis symptoms, treat chronic indigestion, lower cholesterol levels, improve heart disease risk factors, and help prevent cancer.The key driver of the global ginger market is growing because of increasing skin problems.
In Ayurveda, ginger is used to treat various skin disorders.
Simultaneously, Ginger's powders are used in Cosmetic Industry as adding fragrance in soaps and personal care product.
The worldwide Ginger Market for the year 2020 was US$ 6.82 Billion.Renub Research report titled “Global Ginger Market & Volume By Production (India, Nigeria, China, Nepal, Indonesia, Thailand, Bangladesh, Cameroon, Japan, Philippines, Rest of World), Import Market & Volume (European Union, United States, Japan, Netherlands, Pakistan, Germany, Malaysia, United Kingdom, Canada, Saudi Arabia), Export Market & Volume (China, Netherlands, Thailand, India, Peru, European Union, Brazil, Germany, Spain, Vietnam), Application (Food Industry, Pharmaceutical, Industry Cosmetic Industry and Others), Company Analysis (Olam International Limited Company, Kerry Inc Company, Archer Daniels Midland Company, CHS IncCompan and Nestle SA)"Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=global-ginger-market-p.phpGinger Production – Market & Volume breakups of 11 Countries1.
