Ginger Global Market Report 2024

Description

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 from The Business Research Company 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 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.

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.

Ginger Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ginger market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for ginger? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ginger market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Conventional; Organic
2) By Form: Fresh Ginger; Dried Ginger; Ginger Oil; Powdered Ginger
3) By Distribution Channel: Traditional Retail; Modern Retail Stores; Other Distributions
4) By Application: Food Industry; Pharmaceuticals Industry; Cosmetics Industry; Other Applications
Companies Mentioned: Nestle SA; Archer-Daniels-Midland Co.; Olam Group; McCormick & Co. Inc; Kalsec Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r17765

1. Executive Summary

2. Ginger Market Characteristics

3. Ginger Market Trends And Strategies

4. Ginger Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Ginger Market Size and Growth

5.1. Global Ginger Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Ginger Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Ginger Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Ginger Market Segmentation

6.1. Global Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional
Organic
6.2. Global Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fresh Ginger
Dried Ginger
Ginger Oil
Powdered Ginger
6.3. Global Ginger Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Traditional Retail
Modern Retail Stores
Other Distributions
6.4. Global Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food Industry
Pharmaceuticals Industry
Cosmetics Industry
Other Applications

7. Ginger Market Regional And Country Analysis

7.1. Global Ginger Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Ginger Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Ginger Market

8.1. Asia-Pacific Ginger Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Ginger Market

9.1. China Ginger Market Overview
9.2. China Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Ginger Market

10.1. India Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Ginger Market

11.1. Japan Ginger Market Overview
11.2. Japan Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Ginger Market

12.1. Australia Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Ginger Market

13.1. Indonesia Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Ginger Market

14.1. South Korea Ginger Market Overview
14.2. South Korea Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Ginger Market

15.1. Western Europe Ginger Market Overview
15.2. Western Europe Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Ginger Market

16.1. UK Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Ginger Market

17.1. Germany Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Ginger Market

18.1. France Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Ginger Market

19.1. Italy Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Ginger Market

20.1. Spain Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Ginger Market

21.1. Eastern Europe Ginger Market Overview
21.2. Eastern Europe Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Ginger Market

22.1. Russia Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Ginger Market

23.1. North America Ginger Market Overview
23.2. North America Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Ginger Market

24.1. USA Ginger Market Overview
24.2. USA Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Ginger Market

25.1. Canada Ginger Market Overview
25.2. Canada Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Ginger Market

26.1. South America Ginger Market Overview
26.2. South America Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Ginger Market

27.1. Brazil Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Ginger Market

28.1. Middle East Ginger Market Overview
28.2. Middle East Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Ginger Market

29.1. Africa Ginger Market Overview
29.2. Africa Ginger Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Ginger Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Ginger Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Ginger Market Competitive Landscape And Company Profiles

30.1. Ginger Market Competitive Landscape
30.2. Ginger Market Company Profiles
- 30.2.1. Nestle SA
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Archer-Daniels-Midland Co.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Olam Group
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. McCormick & Co. Inc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Kalsec Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Ginger Market Other Major And Innovative Companies

31.1. Frontier Co-op.
31.2. Capital Foods Ltd.
31.3. Buderim Group Ltd.
31.4. The Ginger People
31.5. Laird Superfood Inc.
31.6. JEGS HIGH PERFORMANCE
31.7. Sun Impex International Foods L.L.C.
31.8. Yummy Food Industrial Group
31.9. Monterey Bay Spice Co. Inc.
31.10. Indian Organic Farmers Producer Co. Ltd.
31.11. Sino-Nature International Co. Ltd.
31.12. AKO GmbH
31.13. GROTEX
31.14. NANI Agro Foods Pvt. Ltd.
31.15. Organic Mountain Flavor Pvt. Ltd.

32. Global Ginger Market Competitive Benchmarking

33. Global Ginger Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Ginger Market

35. Ginger Market Future Outlook and Potential Analysis

35.1 Ginger Market In 2028 - Countries Offering Most New Opportunities
35.2 Ginger Market In 2028 - Segments Offering Most New Opportunities
35.3 Ginger Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer