Ginger Oil Market - Forecasts from 2022 to 2027

The global ginger oil market is expected to grow at a CAGR of 9.65% over the forecast period to reach a total market size of US$217.005 million by 2027, increasing from US$113.859 million in 2020.

Ginger oil is a kind of concentrated essential oil that is extracted from the ginger rhizome through a distillation process. Ginger oil has a warm, strong, and spicy aroma, and it is useful for aromatherapy. Ginger oil is a spicy and warming oil that comforts and stimulates the skin, body, and psyche. Ginger oil has long been used in Ayurvedic medicine to treat emotional issues like anxiety, depression, poor self-confidence, and lack of excitement. The amount of money spent on research and development of the extraction process for ginger oil, as well as product development, is steadily increasing. The investments in research and development of the extraction process of ginger oil and product development are increasing significantly. The use of ginger oil in anti-wrinkle creams, shampoos, skin care products, and hair care products is already increasing steadily. Ginger oil has been found as a valuable essential oil in animal feed supplement research.

Ginger Oil is also used to treat and cure arthritis pain.

According to the Centers for Diseases Control and Prevention, in the United States alone, 54 million people suffer from arthritis, which represents about 23% of the US adult population. Osteoarthritis is a type of degenerative joint problem and disease. According to the World Health Organization, 18% of women and 9.6 of men over 60 years of age have asymptomatic problems related to arthritis. Ginger oil is generating a significant demand in this sector because of its anti-inflammatory and antioxidant properties, which help ease swelling and pain. It is a safe and cost-effective method to solve this problem. Various studies have been conducted, and they showed that people that massaged ginger oil into their knees at least two times a week had better movement and minimum pain in their knees.

The pharmacological potentials of Ginger Oil will drive the market growth

Europe is expected to hold a significant share of the ginger oil market. Certain elements in the oil are used to prevent and cure tumour-related problems. Major companies and institutions have been investing a substantial sum of capital into developing pharmaceutical products with clean ginger oil labels. Gingerol, found in ginger oil, is used to open and widen the airways of bronchitis sufferers. If one wishes to reap the full benefits of ginger oil, it must be used in the appropriate amount. It enhances the patient's immunity and longevity by deploying and releasing protective properties in the liver. Because the oil contains significant antioxidant qualities, tumour growth is slowed.

The biggest producers of ginger oil are India and China. The world's top five ginger producers in 2019 were India, China, Nigeria, Nepal, and Indonesia. The Asia Pacific is the biggest producer of ginger in regional markets and therefore possesses high shares in ginger oil production. India is the highest producer of ginger oil and is a leader in the ginger oil market, with almost half of the total market shares. Because of the warm and humid climate during the greater part of the year, ginger oil production is suitable for regions across India. China is likewise known for ginger production and the trade of ginger oil. The main markets of ginger oil for Asia Pacific countries are the United States and Europe. There has been growth in the demand for aromatherapy in developing countries like India and China, which will play an imperative role in the overall market growth during the forecast period. North America will also generate significant growth in the coming years because of the presence of prominent players and increasing health awareness among consumers. Phoenix Aromas, one of the notable American players in the ginger oil market, has enhanced its portfolio in recent months by providing ginger oil to different manufacturers for its use as perfume agents, masking agents, tonics, and skin conditioning. The refreshing quality and taste of oil for its indifferent beverages like beer, soft drinks, teas, syrup, and others will drive the North American market growth.

With the rise of the COVID-19 pandemic all over the globe, the use of animal-based products is decreasing. Consumers are leaning towards plant-based products, which are beneficial for the ginger oil market.

COVID-19 had a positive impact on the ginger oil market. In India, the use of ginger oil increased due to its medicinal properties related to the respiratory system and its immunity-empowering trait. Consumption increased as people opted for natural products to gain immunity and alleviate respiratory diseases. The ginger oil companies used the COVID-19 pandemic as an opportunity to increase the production of ginger oil and ginger oil-related health supplements. In India, Government hospitals treat COVID-19 patients with boiling water mixed with lime and ginger extracts. This is one of the safest and most traditional methods, and the patient doesn’t suffer from any major side effects. Ginger oil is consumed with herbal tea as it helps in enhancing overall immunity in the body. Heartburn and stomach pain might result from consuming too much ginger oil. During the pandemic, companies and institutions have encouraged patients and consumers to regularly seek medical advice from an expert or a doctor before consuming and using the oil. Manufacturers and companies provide and sell products with clean labels during the pandemic.

Segmentation:

By Type

• Conventional
• Organic

By Application

• Food and Beverages
• Cosmetics

By Distribution Channel

• Offline
• Supermarkets
• Online

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Europe
• Germany
• Spain
• United Kingdom
• France
• Middle East and Africa
• UAE
• Saudi Arabia
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Thailand