The use of ginger has advanced substantially from its traditional roots as a medicinal plant to a culinary staple and beyond. Its heat, aromatic flavor is now celebrated in many culinary packages, from savory dishes to sweets and liquids. Beyond the kitchen, ginger's health offers are harnessed in current wellness practices, making it a flexible and enduring element in both conventional remedies and contemporary life.
Global ginger market is projected to grow at a CAGR of 6.08% from 2024-2030
The Food and Agriculture Organization of the United Nations (FAO) expected that the global manufacturing of ginger in 2022 turned into round 4.1 million metric tons. Due to the growing demand for ginger globally, farmers at the moment are increasing their cultivation regions and adopting greater superior agricultural practices to fulfill the needs of the growing market. This is a sizeable shift within the ginger market, as farmers now ought to keep up with the high demand and make sure the quality of their crops meets the consumers' requirements.Ginger's versatility extends past culinary regions, making its mark in numerous industries. Ginger extracts are integrated into skincare and hair care products, leveraging their anti-inflammatory and antioxidant properties. Its special flavor complements multiple liquids, from soothing ginger tea to bubbling ginger ale or alcoholic beverages. In the pharmaceutical realm, ginger extract is under exploration for capacity therapeutic applications in treating situations like osteoarthritis, diabetes, and cancers, showcasing the plant's evolving role in addressing health and nicely-being all through various sectors.
Farmers in increasing embrace current agricultural technology like drip irrigation and precision agriculture in response to the need for improved yield and resource performance. These upgrades contribute to more effective productivity and sustainable farming practices. Government initiatives further catalyze this shift, with several administrations enforcing supportive guidelines for ginger production. Measures encompass the supply of subsidies and the buying of sustainable practices, aligning with broader agricultural modernization needs. Together, the adoption of modern technology with the aid of farmers and governmental efforts creates a synergistic method to strengthen the efficiency and sustainability of ginger cultivation practices. Global ginger market was valued at US$ 4.16 Billion in 2023.
As consumer preferences shift towards fresh, natural ingredients, the dominance of fresh ginger in the global market is poised to solidify further
By products, the Global Ginger Market is divided into Fresh, Dried, Preserved, Pickled, Crystallized, Powdered, and Others. Increasing cognizance of its health benefits, including anti-inflammatory properties and antioxidants, prompts a desire for fresh processed forms. Its culinary versatility, improving both savory and sweet dishes, fuel its reputation in kitchens globally.Advances in storage and transportation ensure year-round availability, promoting broader consumption. The 'farm-to-desk' motion and a growing choice for fresh, natural ingredients amplify demand. The organic ginger market is expanding, reflecting environmental cognizance. Fresh ginger's progressive applications in cosmetics, fitness supplements, and cleaning agents diversify its market, raising its overall value in the ever-evolving spice panorama.
China is a prominent player in Ginger Market globally
By countries, the Global Ginger Market is broken up into United States, Canada, Mexico, Brazil, Argentina, Colombia, United Kingdom, Germany, France, Italy, Spain, Netherlands, China, Japan, India, South Korea, Indonesia, Malaysia, Australia, United Arab Emirates, Israel, South Africa, and Rest of the World. In 2022 China led the global ginger market, producing 2.5 million metric tons, comprising 61% of the region's output. Anchored in massive agricultural lands, favorable climates, and established farming practices, China's unequaled production capability contributed to over 60% of the worldwide ginger supply, with a yearly yield. The country's sturdy infrastructure and logistics network facilitated efficient transportation and export, bolstering its competitive edge.Lower manufacturing costs, sponsored by available labor, huge-scale cultivation, and government subsidies, improved China's international competitiveness. Offering a varied product range, which includes fresh and dried ginger, powder, extract, and oil, addressed various consumer preferences, fortifying its market dominance. Growing domestic demand, propelled by health awareness, rising earnings, and culinary tendencies, strengthened China's global market role. Government help, strategic trade agreements, and industry resilience in research, infrastructure, and subsidies emphasized China's enduring management in the worldwide ginger market.
Key Players
Archer Daniels Midland Company, Kerry Group, Olam International Limited Company, CHS Inc. Company, Nestle SA, McCormick & Co. Inc, SUN IMPEX INTERNATIONAL FOODS LLC, The Canadian Ginger Co., The Ginger People, and Monterey Bay Spice Co. are prevalent businesses in the global ginger market.This research report provides a detailed and comprehensive insight of the Global GingerIndustry.
Products - Global Ginger Market breakup from 7 viewpoints:
- Fresh
- Dried
- Preserved
- Pickled
- Crystallized
- Powdered
- Others
North America
- United States
- Canada
- South America
- Mexico
- Brazil
- Argentina
- Colombia
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
Middle East & Africa
- United Arab Emirates
- Israel
- South Africa
Rest of the World
All companies have been covered from 3 viewpoints:
- Overview
- Recent Development
- Revenue
Company Analysis
- Archer Daniels Midland Company
- Kerry Group
- Olam International Limited Company
- CHS Inc Company
- Nestle SA
- McCormick & Co. Inc
- SUN IMPEX INTERNATIONAL FOODS LLC
- The Canadian Ginger Co.
- The Ginger People
- Monterey Bay Spice Co.
Table of Contents
Companies Mentioned
- Archer Daniels Midland Company
- Kerry Group
- Olam International Limited Company
- CHS Inc Company
- Nestle SA
- McCormick & Co. Inc
- SUN IMPEX INTERNATIONAL FOODS LLC
- The Canadian Ginger Co.
- The Ginger People
- Monterey Bay Spice Co.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | January 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.16 Billion |
| Forecasted Market Value ( USD | $ 6.29 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
