Global ginger oil market is estimated to be valued at USD 12.21 Bn in 2024 and is expected to reach USD 14.54 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
Figure 1. Ginger Oil Market Share (%), By Region, 2024
Ginger oil is an essential oil extracted from ginger roots through steam distillation. Ginger oil has a variety of uses in the food and beverage industry as a flavoring agent. It is also used extensively in aromatherapy due to its antioxidant and anti-inflammatory properties. Some key benefits of ginger oil include relief from nausea, digestive issues, pain, inflammation and respiratory problems. Growing awareness about the medicinal virtues of ginger can boost demand for ginger oil globally.
Market Dynamics:
Global ginger oil market growth is driven by rising demand from the food and beverage industry, growing popularity in aromatherapy, and increasing awareness about the health benefits of ginger oil. Ginger oil acts as a natural preservative and flavoring agent in processed foods, and this boosts its usage in food formulations. Rising health consciousness among consumers and shifting preference towards herbal medicines can drive the ginger oil market growth. However, high production costs and seasonal availability of ginger can hamper the market growth. New applications of ginger oil in cosmetics and personal care products can offer lucrative opportunities for market growth.
Key Features of the Study:
- This report provides in-depth analysis of the global ginger oil market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global ginger oil market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Katyani Exports, Universal Olioresins, AOS Product Pvt. Ltd., Phoenix Aromas (Nanjing) Co. Ltd., Alchem International Ltd., Kancor Industries, Frutarom, Chr. Hansen, Biomax Life Sciences Limited, Firmenich, A.G. Organica, Aadhunik Ayurveda, Hindustan Mint and Agro Products Pvt. Ltd., Avi Naturals, Anjum Aromatics, Moksha Lifestyle, Sidus Natural Products P Ltd., Rakesh Sandal Industries (Rakesh Group), Shubham Natural Fragrances, Fancy India Corp.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global ginger oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ginger oil market
Detailed Segmentation
- By Nature:
- By Sales Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Mass Grocery Stores
- Online Retail
- Others
- By Application:
- Cosmetics & Personal Care
- Pharmaceuticals
- Household
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Katyani Exports
- Universal Olioresins
- AOS Product Pvt. Ltd.
- Phoenix Aromas (Nanjing) Co. Ltd.
- Alchem International Ltd.
- Kancor Industries
- Frutarom
- Chr. Hansen
- Biomax Life Sciences Limited
- Firmenich
- A.G. Organica
- Aadhunik Ayurveda
- Hindustan Mint and Agro Products Pvt. Ltd.
- Avi Naturals
- Anjum Aromatics
- Moksha Lifestyle
- Sidus Natural Products P Ltd.
- Rakesh Sandal Industries (Rakesh Group)
- Shubham Natural Fragrances
- Fancy India Corp.