Global Ginger Market Size, Share, Trends, & Growth Forecast Report - Segmented By Product (Fresh Ginger, Dried Ginger, Preserved Ginger, Ginger Oil, Others), Type (Organic, Conventional), Application (Food Industry, Pharmaceuticals Industry, Cosmetics Industry, Others), Distribution Channel (Supermarkets/Hypermarkets, Retail Stores, E-Commerce And Others), And Region(North America, Europe, Asia-Pacific, Latin America, Middle East And Africa) - Industry Analysis (2024 To 2029)

Updated On: June, 2024
ID: 14754
Pages: 150

Global Ginger Market Size (2024 To 2029)

The size of the global ginger market is expected to be worth USD 5 billion in 2024 and grow at a CAGR of  6.30% from 2024 to 2029 to achieve USD 6.79 billion by 2029.

Current Scenario of the Global Ginger Market

Ginger is widely known for its vast health benefits, and it is considered a versatile ingredient used in various cuisines worldwide. The ginger has a strong, sweet-spicy aroma and a complex, stripped appearance texture with a distinctive flavor. The global ginger market accounted for significant growth in the past years and is anticipated to grow substantially during the forecast period. The ginger's unique flavor and aroma make it a popular choice among various cuisines, beverages, and snacks, contributing to the market growth—the increased demand for ginger in the bakery industry to prepare gingerbread and ginger cookies. The expansion of various end-use industries is estimated to provide growth opportunities for the growth of the global ginger market.  

MARKET DRIVERS

The growing awareness among people regarding the health benefits of ginger and its culinary uses, as well as the growing applications of ginger in medicinal and nutraceuticals, are majorly contributing to the growth of the global ginger market.

The rising demand for ginger-based natural health products and dietary supplements, as ginger is rich in antioxidants, anti-inflammatory, and antiemetic properties, fuels the global market growth rate. The growing demand for ginger among consumers due to the trend of healthy and natural ingredients will positively impact the global ginger market expansion. Various medicinal benefits of ginger and the utilization of ginger in traditional medicine practices from the ancient years, especially in the Asian region, are augmenting the global ginger market. The increasing use of ginger extract in various innovative products, such as different beverage types and functional foods, boosts the global market revenue growth. The growing government efforts to support the expansion of the global ginger market revenue through implementing various policies in major producing countries. The escalating technological advancements in the agricultural industry, such as advances in processing techniques like freeze-drying, dehydration, and extraction methods, enhancing the product's shelf-life, are multiplying the market growth rate.

The growing trend of organic and natural food products, which are chemical-free and produced using traditional farming methods with required measures to enhance the yield and quality of the product, is expected to create market growth opportunities during the forecast period. The Food and Agriculture Organization of the United Nations (FAO) expected that global production of ginger in 2022 would be 4.1 million metric tons.

MARKET RESTRAINTS

Ginger cultivation and production highly depend on weather conditions, and adverse climatic conditions like drought, floods, or storms will highly impact ginger pro, leading to low,r yields and increased production. This is expected to restrain the growth rate of the global ginger market. The presence of price instability in the market due to various reasons, ease of availability in underdeveloped areas, and the need for awareness regarding the health benefits of ginger in these areas will hamper global market growth. Another factor is various governments of several countries impose different trade policies, and variations in import and export regulations are estimated to affect the ginger market expansion. When ginger is taken in excessive amounts, it produces side effects like heartburn, diarrhea, burping, and general stomach discomfort, limiting the market growth. Taking ginger in higher doses of 5 grams daily will increase the risk of side effects.  

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.30%

Segments Covered

By Product, Type, Application, Distribution Channel & Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Monterey Bay Spice Co. Inc., Sino Nature International Co. Ltd. , Buderim Group Limited, Knitspice, Canadian Ginger Company, Olam Spices, Indian Organic Framers Producer Co. Ltd., Huaguang Group Archer-Daniel-Midland Company, and The Ginger People Co.

 

SEGMENTAL ANALYSIS

Global Ginger Market Analysis By Product

The fresh ginger segment dominated the global ginger market revenue with significant market share due to its extensive consumption in various culinary and medical applications. Fresh ginger has had extensive applications from the historical period in traditional medical practices like Ayurveda and traditional Chinese medicine due to its primary effects, such as anti-inflammatory, immunity booster, and digestive properties, driving the segment growth. Fresh ginger adds flavor, aroma, and distinct spiciness to the cuisine, enhancing the adoption in the food and beverage industry and contributing to the segment growth. The rising demand for organic and natural products among the people fuels the segment growth.

The dried ginger segment is estimated to grow considerably during the forecast period due to consumers' rising demand for the dried powder form. Dried ginger has various health benefits, such as improving digestion and appetite, maintaining respiratory and joint health, and augmenting segment growth. It is usually taken in the form of kadha or churan due to its healing nature, which is highly adopted by people with health consciousness, fueling the market growth. According to Ayurveda, dried ginger assists in balancing the Vata and Kapha doshas and increases Pitta dosha.

Global Ginger Market Analysis By Type

The conventional segment held the most significant market share in global market revenue. Most ginger uses traditional farming methods, including chemical fertilizers and pesticides. Conventional ginger is gaining traction among people due to its availability at low costs compared to organic ginger, which has minimal production costs, boosting the segment growth rate. Various prominent ginger cultivating regions, particularly the Asia Pacific, have a more extended history of using conventional farming methods.  

The organic segment has been gaining traction recently and is anticipated to grow more during the forecast period. The rising trend of organic and natural food products, considering health and wellness, fuels the growth of the segment size. The growing awareness among people regarding the desire for chemical-free produce and sustainable and healthier food choices augments the segment growth rate. Organic ginger is cultivated without genetically modified organisms (GMOs), synthetic chemicals, or fertilizers, which help preserve soil health and ecosystem balance.

Global Ginger Market Analysis By Application

The food industry segment dominated the global ginger market with a significant share due to the massive demand for ginger in culinary cuisines worldwide. Ginger's unique taste and nutritious properties are escalating the demand for ginger, majorly in the range of Asian dishes and herbal teas, which drives the segment's growth. The rising popularity of functional foods and ethnic cuisines among people, which involve natural ingredients for health benefits, propels the market growth rate. The increased usage of ginger in various healthy beverages and herbal teas promotes market growth opportunities.

The pharmaceutical industry segment is estimated to grow considerably during the forecast period. Ginger's various medicinal properties are creating growth opportunities in the pharmaceutical industry. According to the data published in the National Center for Biotechnology Information research paper n (NCBI) in May 2022, ginger has antioxidant, anti-inflammatory, and antitumor properties. It is also an effective treatment for gastrointestinal, cardiovascular, respiratory, and neurological diseases. These government support scenarios are accelerating the ginger market in the pharmaceuticals segment.

Global Ginger Market Analysis By Distribution Channel

The supermarkets and hypermarkets segment held the dominant share and is expected to maintain the domination during the forecast period. Supermarkets and hypermarkets have a vast distribution network, especially in urban areas, contributing to substantial market growth. These stores provide various options to consumers, such as dries, powdered, fresh, or processed, where people can conveniently adopt the desired product, which majorly drives the segment growth rate. The rising consumer preference, widespread distribution, high promotional activities, and continuous supply are broadening the segment's revenue.

The e-commerce segment is projected to have the fastest growth during the forecast period due to rising digitalization around the world. The increased use of smartphones, escalated penetration of IoT, rising offers by online shopping platforms, door delivery, exploration of a wide range of product forms, and various brand availability are propelling the market growth in the e-commerce sector.

REGIONAL ANALYSIS

The Asia Pacific region held the most dominant market share in the global ginger market revenue, whereas China and India dominated the regional market growth. China led the global ginger market in 2022 by producing 2.5 million metric tons, comprising 61% of regional market output. The favorable climatic conditions and the suitable agricultural methods for ginger cultivation in Asian countries like China, India, Indonesia, Thailand, and Vietnam contribute to the regional market growth. Most Asian cuisines have ginger as a crucial ingredient from the historical period, and it is valued highly in traditional remedies due to its various medicinal properties. The presence of low labor costs, the growing population, interest in health and wellness, and increased demand for processed products like ginger oil and dried ginger powder are boosting regional market expansion.

The North American region is expected to grow prominently during the forecast period. The increasing awareness among people regarding the health benefits of ginger is driving the regional market growth. The increased usage of ginger in various beverages and the growing demand for healthy beverages, sauces and soups, and culinary and bakery products will provide market growth opportunities.

The European region held the third largest share and is anticipated to have a notable growth rate in the coming years. The growing vegan population across the region is enhancing the adoption of ginger in culinary cuisines; an enlarged pharmaceutical industry in the European region is accelerating the demand for ginger, expanding regional market share.

The Latin America, Middle East, and African regions are estimated to experience moderate growth during the forecast period due to the increasing demand for ginger in the cosmetic, food, and pharmaceutical industries.

KEY PLAYERS IN THE GLOBAL GINGER MARKET

Major key players in the global ginger market include Monterey Bay Spice Co. Inc., Sino Nature International Co. Ltd. , Buderim Group Limited, Knitspice, Canadian Ginger Company, Olam Spices, Indian Organic Framers Producer Co. Ltd., Huaguang Group Archer-Daniel-Midland Company, and The Ginger People Co.

RECENT HAPPENINGS IN THE MARKET

  • In April 2024, The Ginger People Co. launched Ginger Rescue Lozenges, which offers natural relief for nausea and digestion with fresh ginger and red ginger extract. These are available at Walmart stores and also through e-commerce. These products are estimated to provide potent ginger benefits and are effective against morning sickness, indigestion, and mild heartburn.
  • In 2023, Guyana recorded a four percent increase in ginger production compared to previous years. The country cultivated a total of 350 acres of ginger from August 2022 to May 2023.
  • In June 2022, Specnova launched the next generation of mobility and joint health ingredients with high-potency, organic, and fermented GingerT3 extract. This comprises a lower dose with a rapid action rate, high bioavailability, and notable solubility and stability. It is the only product with a clean label, no excipients or fillers, and an accessible formulation.
  • In April 2022, the Meghalaya government launched the "Ginger Mission." The mission aims to double the state's ginger production" to at least 1.5 lakh MT per annum in the next three years from its current 60,000 MT per annum production in 2022.   

DETAILED SEGMENTATION OF THE GLOBAL GINGER MARKET INCLUDED IN THIS REPORT

This research report on the global ginger market has been segmented and sub-segmented based on product, type, application, distribution channel, and region.

By Product

  • Fresh Ginger
  • Dried Ginger
  • Preserved Ginger
  • Ginger Oil
  • Others

By Type

  • Organic
  • Conventional

By Application

  • Food Industry
  • Pharmaceutical Industry
  • Cosmetics Industry
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Retail Stores
  • E-commerce
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

1. What factors are driving the growth of the ginger market?

Several factors contribute to the market growth are growing awareness of the health benefits of ginger, increased use of ginger in various cuisines and food products, rising preference for natural and herbal remedies over synthetic drugs, and expanding international trade and export opportunities.

2. What are the key challenges in the ginger market?

The key challenges in the ginger market are Seasonal availability and transportation challenges, variability in production costs and market prices, and ensuring consistent quality and standards for international trade.

3. What are the future trends in the ginger market?

The future trends in the ginger market are Organic Ginger are Increasing demand for organically grown ginger, growth in ginger-based products like teas, supplements, and snacks, and emphasis on sustainable and eco-friendly farming practices.

 

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