Ginger Market Analysis: Steady Growth at 3.15 percentage CAGR Through 2030

The 𝐆𝐢𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at US$ 7.47 Bn in 2023 and the total revenue is expected to grow at 3.15 % through 2024 to 2030, reaching nearly US$ 9.29 Bn.

𝐆𝐢𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Ginger, a versatile root known for its robust flavor and medicinal properties, is a key ingredient in global cuisines and healthcare products. Derived from the rhizome of a tropical perennial plant, ginger boasts a sweet-spicy aroma and a unique texture that enhances the taste and appeal of a variety of food and beverage products. The plant’s oleoresin contains bioactive compounds with numerous pharmacological benefits, making it valuable not only in culinary applications but also in traditional and modern medicine. Available in forms like fresh, dried, pickled, powdered, and crystallized, ginger caters to diverse consumer preferences across the globe.

𝐖𝐡𝐚𝐭'𝐬 𝐧𝐞𝐱𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬? 𝐅𝐢𝐧𝐝 𝐨𝐮𝐭 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐭𝐨𝐝𝐚𝐲

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐢𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭:

The increasing use of ginger in the food and beverage industry serves as a major driver of market growth. Its application in products such as soups, sauces, bakery items, and beverages—both alcoholic and non-alcoholic—has surged, thanks to its distinctive flavor and perceived health benefits. The global shift towards natural and organic products has further amplified demand, with consumers preferring ginger over synthetic additives for its clean label appeal. Rising awareness of its anti-inflammatory and immunity-boosting properties has made ginger an essential ingredient in herbal teas, health drinks, and dietary supplements.

In addition to its culinary uses, ginger has found extensive applications in the cosmetics and skincare industry. Its natural properties make it a preferred choice in formulating aromatic soaps, lotions, and beauty products. The rising consumer preference for Ayurvedic and organic skincare solutions has increased the demand for ginger-based cosmetics. Furthermore, its use as a natural remedy for various ailments, including nausea and skin irritations, continues to drive its demand in traditional medicine practices across Asia and beyond.

𝐆𝐢𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬:

One of the key trends in the ginger market is the rising consumer inclination toward plant-based and functional food products. As health-conscious lifestyles gain traction, ginger's natural appeal and proven benefits have positioned it as a popular ingredient in health-oriented food items, herbal drinks, and dietary supplements. The growth of vegan and organic food markets has also contributed to the increased use of ginger, particularly in innovative formats like plant-based protein bars, smoothies, and spice blends.

𝐰𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐆𝐢𝐧𝐠𝐞𝐫 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧?

The culinary segment is poised to witness substantial growth within the ginger market, as ginger remains a cornerstone ingredient in global cuisines. Its versatility allows it to be used in diverse forms—fresh, dried, ground, or pickled—in both savory and sweet recipes. The increasing popularity of ethnic cuisines such as Indian, Thai, and Chinese, where ginger is a staple, has significantly driven demand. Additionally, the trend of home cooking and experimenting with global flavors during the COVID-19 pandemic has bolstered ginger's application in everyday culinary practices.

Ginger Opportunities in Vietnam

Vietnam has emerged as a key player in the global ginger market due to its strong agricultural base and increasing export potential. Companies such as Vietfarm Export Ltd. have been focusing on sustainable practices and forging partnerships with international distributors. Recent government initiatives to boost organic farming have further enhanced Vietnam’s position in the market.

Ginger Growth in Thailand

Thailand’s ginger market is growing steadily, supported by high domestic consumption and increasing exports. Innovations in packaging and processing by companies like Thai Agri Products Co. have contributed significantly to this growth. Recent collaborations between Thai exporters and international markets, particularly in Europe, are paving the way for enhanced market penetration.

Ginger Trends in Japan

Japan’s ginger market is characterized by a growing preference for organic and premium-quality products. Companies such as Nippon Ginger Co. are focusing on introducing innovative ginger-based beverages and supplements. The rising trend of traditional medicine and wellness products in Japan has bolstered market demand.

Ginger Consolidation in South Korea

South Korea has witnessed several consolidation activities in the ginger market, with prominent companies like Korean Herbs Corp. acquiring smaller players to expand their product portfolios. Mergers and acquisitions have enabled companies to streamline their supply chains and enhance market presence.

Ginger Updation in Singapore

Singapore is emerging as a hub for ginger-based innovations, driven by a growing focus on health and wellness. Companies such as Singapore Botanicals Ltd. have introduced advanced processing technologies to improve the shelf life and quality of ginger products. Government support for research and development in agriculture is a key enabler of market growth.

Ginger Opportunities in the US

The US ginger market is expanding rapidly, fueled by the increasing popularity of functional foods and beverages. Companies like Zesty Farms Inc. have been investing in sustainable farming practices and advanced processing facilities. Recent mergers between domestic producers and international distributors are opening new avenues for growth.

Ginger Growth in Europe

Europe remains a significant market for ginger, driven by rising consumer demand for natural and organic products. Key players like Herbal Nature GmbH are focusing on diversifying their product offerings. Recent trade agreements between European and Asian markets have facilitated smoother import-export processes, enhancing market accessibility.

Ginger Trends in Vietnam

Vietnam is witnessing a surge in ginger-related trends, such as the incorporation of ginger in functional foods and beverages. The rise of e-commerce platforms has also enabled local producers to reach global audiences, further boosting market growth.

Ginger Consolidation in Thailand

Consolidation activities in Thailand have gained momentum, with companies like Green Roots Co. acquiring smaller firms to strengthen their supply chains. These mergers have also facilitated better access to international markets, driving revenue growth.

Ginger Updation in Japan

Japan is leading the way in ginger product innovations, with companies investing in research and development to create novel offerings such as ginger-infused teas and health supplements. Government support for traditional medicine has further fueled market growth.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 & 𝐂𝐡𝐚𝐫𝐭𝐬 𝐈𝐧𝐜𝐥𝐮𝐝𝐞𝐝

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐢𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 

by Form

Fresh
Dried
Pickled
Preserved
Crystallized
Powered

by Application

Culinary
Soup and Sauces
Snacks and Convenience Food
Bakery Products
Alcoholic Beverages
Non Alcoholic Beverages
Chocolate and Confectionery
Others

by Distribution Channel

Modern Grocery Retail
Traditional Grocery Retail
Non-Grocery Retail

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐆𝐢𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1.Monterey Bay Spice Co. Inc.
2.Buderim Group Ltd.
3.SA Rawther Spices Pvt. Ltd
4.Yummy Food Industrial Group
5.Sun Impex International Foods L.L.C.
6.Archer-Daniels-Midland Co.
7.Indian Organic Farmers Producer Co. Ltd.
8.Atmiya International
9.Food Market Management Inc.
10.Sino-Nature International Co. Ltd.
11.AKO GmbH
12.Organic Mountain Flavor Pvt. Ltd.
13.Capital Foods Ltd.
14.The Ginger People
15.Canadian Ginger Company
16.Knitspice
17.BRL foods
18.GROTEX
19.KODGAV
20.Huaguang Group
21.JEGS Company Ltd

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:  

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