A recent report published by Infinium Global Research on the ginger market provides an in-depth analysis of segments and sub-segments in global as well as a regional ginger market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional ginger market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global ginger market. According to the report, the global ginger market is projected to grow at a CAGR of 4.18% over the forecast period of 2018-2024.
Ginger is one of the healthiest and most delicious spice. It is being cultivated to be used as a food additive and as a dried spice. Fresh ginger is considered to be warm and dried ginger is considered to be hot. It has medicinal properties help to prevent treatment for nausea and fight with flu and the common cold. The oil made from ginger can be applied to the skin for relieving pain. It is commonly used for several types of stomach problem including morning sickness, colic, upset stomach, diarrhea, and gas. Other uses of ginger are reducing symptoms of osteoarthritis, help treatment of chronic indigestion, lower cholesterol levels, improve heart disease risk factors and help prevent cancer.
Ginger is extensively used in the food and beverage sector as a flavoring agent. The continuous growth in the food and beverage industry will drive the demand for the production of ginger. Besides this, ginger is also used in almost every household for cooking. In addition, ginger is used for fragrance in cosmetics and soaps as well as it is used in the chemical sector as anti-gas and antacid medications. Increasing uses of ginger in the medical field for the treatment of problem associated with constipation and infection is also a supporting factor, boosting the global ginger market. The major factor such as growing consumer awareness concerning the medicinal benefits of ginger for health is driving the growth of the ginger market. Going further, ginger also has wide applications in Chocolate & Confectionery, Bakery Products, pickle, alcoholic and Non-alcoholic Beverages, Soups and Sauces and several other food items which in turn, is projected to create lucrative growth opportunities for the global ginger market in upcoming years.
Among the Geographies, the Asia-Pacific region is anticipated to be the dominant region in terms of revenue. Ginger is popular ingredients in this region and also has high medicinal value in this region. It is extensively used in household cooking as a flavoring agent. Besides ginger has extensive applications in the food & beverage industry that further facilitates the growth of the ginger market in this region. The rise in production of ginger in Asian countries such as India, China is projected to boost the market. India is the largest producer and exporter of ginger. Growing awareness about the application of ginger among consumers is augmenting the steady growth of the ginger market in North America and Europe over the forecast period.
The report on the global ginger market covers segments such as form, distribution channel, and application. On the basis of form, the global ginger market is categorized into supplements, cookies, fresh, ginger ale, pickled, dried, preserved, powdered and crystallized. On the basis of the distribution channel, the global ginger market is categorized into retail stores, hypermarket and online. On the basis of application, the global ginger market is categorized into soups and sauces, culinary, snacks & convenience food, bakery products, non-alcoholic beverages, and chocolate and confectionery.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global ginger market such as, SA Rawther Spices Pvt. Ltd., Food Market Management Inc., Buderim Group Ltd., Sino-Nature International Co. Ltd., Indian Organic Farmers Producer Co. Ltd., Archer-Daniels-Midland Co., Yummy Food Industrial Group, Monterey Bay Spice Co. Inc. and Sun Impex International Foods L.L.C.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global ginger market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the ginger market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the ginger market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the ginger market to understand the present and future trends in this market and formulate their strategies accordingly.
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