The Ginger Market is a dynamic and steadily growing sector within the global spice industry. Ginger, known for its distinctive flavor and numerous health benefits, is a versatile spice used in culinary, medicinal, and cosmetic applications worldwide. With increasing consumer awareness of its health-promoting properties and a growing demand for natural ingredients, the ginger market continues to expand, offering diverse opportunities for producers, processors, and distributors to meet the ever-increasing appetite for this aromatic root.
The report " Global Ginger Market, By Form (Fresh, Dried, Pickled, Preserved, Crystallized, and Powered), By Application (Soup and Sauces, Snacks and Convenience Food, Bakery Products, and Alcohol), By Distribution Channel (Retail stores, Hyper Market, and Online), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2020’’
Key Highlights:
In 2022, the debut of the new HOTTA brand goods – ready-to-drink (RTD) ginger beverages for the future generation — has been announced by Swedish-Swiss Tetra Pak, a world-leading processing and packaging solutions firm, and New Concept Product Co., Ltd. (NCP).
Analyst View:
The ginger market exhibits promising prospects driven by rising consumer interest in healthy and natural ingredients. The growing popularity of ginger-based products, including beverages, supplements, and spices, reflects a shift towards wellness-conscious choices. Factors such as its anti-inflammatory and digestive benefits contribute to sustained demand. However, market dynamics can be influenced by factors like weather conditions impacting cultivation, potentially leading to price fluctuations. Overall, the ginger market offers opportunities for growth but requires careful monitoring of supply chain variables.
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Key Market Insights from the report:
Global Ginger Market accounted for US$ 3.05 billion in 2020 and is estimated to be US$ 6.91 with register a moderate CAGR of 6.2% over the forecast period. Global ginger market is segmented on the basis of form, application, distribution channel, and region.
· By Form, the Global Ginger Market bifurcated into Fresh, Dried, Pickled, Preserved, Crystallized, and Powered.
· By Application, the Global Ginger Market bifurcated into Soup and Sauces, Snacks and Convenience Food, Bakery Products, and Alcohol.
· By distribution channel, the Global Ginger Market is bifurcated into Retail stores, Hyper Market, and Online.
· By region, Asia Pacific tea market is expected to account for major share in terms of revenue in the Global Ginger Market over the forecast period followed by other regions. The market in Asia Pacific is expected to account for major revenue share as compared to that of other regions. This can be attributed to increasing consumer awareness concerning the medicinal benefits of ginger for health in the countries of the region.
Competitive Landscape & their strategies of Global Ginger Market:
Key players operating in the global ginger market includes Atmiya International, SA Rawther Spices Pvt. Ltd., Monterey Bay Spice Co. Inc., Yummy Food Industrial Group, Indian Organic Farmers Producer Co. Ltd, Sino-Nature International Co. Ltd, Food Market Management Inc., Buderim Group Ltd., Archer-Daniels-Midland Co., and Floracopeia Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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