Ginger Global Market Report 2024

The ginger market size has grown strongly in recent years. It will grow from $4.62 billion in 2023 to $4.88 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed during the historic period can be attributed to several factors including the cultural and culinary significance of ginger, the establishment of trade routes and exploration facilitating its distribution, the influence of the spice trade and colonialism in popularizing ginger across regions, the renaissance and culinary renaissance periods fostering innovation in its usage, and the alignment with health and wellness trends driving its consumption for potential health benefits.

The ginger market size is expected to see strong growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The forecasted growth is driven by increasing consumer awareness of ginger's health benefits, the popularity of ginger-based beverages, rising disposable incomes, adoption of ginger in skincare, and expanded availability through online channels. Major trends include demand for ginger-based health products, global cultivation and processing, culinary use, ginger-infused beverages, and product innovations.

The escalating demand for ready-to-drink cocktails is anticipated to drive the expansion of the ginger market in the future. Ready-to-drink cocktails refer to pre-mixed alcoholic beverages that necessitate no additional preparation and can be directly consumed from their packaging. This trend is gaining traction as consumers prioritize convenient yet flavorsome options for their drinking choices. Ginger plays a crucial role in ready-to-drink beverages by imparting a lively and refreshing flavor profile. Moreover, it contributes to the complexity of cocktail recipes, harmonizing with other flavors and adding depth. For example, according to the Distilled Spirits Council (DISCUS) in February 2024, the US saw a notable surge in revenue within the ready-to-drink (RTD) category, particularly in premixed cocktails including spirits ready-to-drink, witnessing a 26.8% increase amounting to $599 million, reaching $2.8 billion by 2023. Hence, the increasing desire for pre-mixed cocktails is propelling the expansion of the ginger market.

Major players in the ginger market are actively innovating their product offerings, such as the development of fast-acting ginger extracts aimed at supporting joint health and mobility. Fast-acting ginger extracts represent a concentrated form of ginger that swiftly delivers its beneficial effects upon ingestion. An instance of this is Specnova's launch of GingerT3 in June 2022, an organic, fermented ginger extract designed for joint support. This fast-acting formula boasts high potency, allowing for low doses (ranging from 75-125mg) for simplified formulation processes. GingerT3 targets pain receptors and inflammatory enzymes, fostering joint health by addressing TRPV1 (Transient Receptor Potential Vanilloid 1), 5-LOX (5-Lipoxygenase), and COX (Cyclooxygenase). Its versatility makes it suitable for incorporation into various products, including gummies, chews, capsules, and functional foods.

In October 2022, Oterra, a Denmark-based manufacturer specializing in natural coloring ingredients for food and beverages, completed the acquisition of Akay Group for an undisclosed sum. This strategic move bolsters Oterra's backward integration, particularly in turmeric and paprika segments. Furthermore, it presents a substantial enhancement in the nutraceutical components sector, empowering the company to offer a comprehensive portfolio to its customers and market partners alongside its existing natural food color solutions for dietary supplements. Akay Group, headquartered in India, is renowned for its production of ginger whole, ginger powder, ginger extract, and ginger oil.

Major companies operating in the ginger market are Nestle SA, Archer-Daniels-Midland Co., Olam Group, McCormick & Co. Inc, Kalsec Inc., Frontier Co-op., Capital Foods Ltd., Buderim Group Ltd., The Ginger People, Laird Superfood Inc., JEGS HIGH PERFORMANCE, Sun Impex International Foods L.L.C., Yummy Food Industrial Group, Monterey Bay Spice Co. Inc., Indian Organic Farmers Producer Co. Ltd., Sino-Nature International Co. Ltd., AKO GmbH, GROTEX, NANI Agro Foods Pvt. Ltd., Organic Mountain Flavor Pvt. Ltd., Canadian Ginger Company, Knitspice, BRL foods, KODGAV, Huaguang Group.

Asia-Pacific was the largest region in the ginger market in 2023. The regions covered in the ginger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ginger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Ginger, a flowering plant prized for its rhizome or ginger root, is renowned globally as both a spice and a traditional remedy. Belonging to the Zingiberaceae family and native to Southeast Asia, ginger imparts a distinctive, spicy flavor to culinary creations while potentially offering health benefits.

Ginger is available in two primary types such as conventional and organic. Fresh ginger denotes the raw, unprocessed root, cherished for its aromatic and pungent taste. Its diverse forms include fresh ginger, dried ginger, ginger oil, and powdered ginger, which are distributed through various channels including traditional and modern retail outlets. These versatile products find applications across industries such as food, pharmaceuticals, cosmetics, and more.

The ginger market research report is one of a series of new reports that provides ginger market statistics, including ginger industry global market size, regional shares, competitors with ginger market share, detailed ginger market segments, market trends, and opportunities, and any further data you may need to thrive in the ginger industry. This ginger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The ginger market consists of sales of fresh ginger, ground ginger, ginger tea, and ginger candy. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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