Ginger Oil Market To Expand At CAGR Of 9.1% During Forecast Period 2020 - 2030

A recent study published by Transparency Market Research on the ginger oil market includes global market analysis and opportunities for 2020-2030. The ginger oil market is projected to rise at a CAGR of 9.1% from 2020 to 2030.

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The number of COVID-19 patients is rising rapidly across the globe. The consumption of animal-based products is decreasing, as the number of diseases caused by animals is increasing. Consumers prefer plant-based products to animal-based products, which is beneficial for the ginger oil market. Due to COVID-19, a large number of countries were in lockdown for the past two to three months and the world is facing economic issues. There is disturbance in supply chain due to lockdowns following which ginger oil market is expected to grow at moderate rate over the next two years.

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Demand for Ginger Oil to Create Lucrative Opportunities for Market Players

Key factors influencing the global ginger oil market includes increasing demand in the food & beverages industry. Food and beverage manufacturers are using ginger oil to add unique taste, flavor, and aroma in their products. The increasing demand for flavored beverages and juices in the global market is also one of the factors influencing the demand from manufacturers to add ginger oil in their products as a natural ingredient or flavor. On the other side, the demand for ginger oil is also gaining traction from the pharmaceutical industry due to its medicinal properties. Ginger oil helps to relieve muscular pain, aches, cramps, and used in medicines for cold, flu, cough, etc.

Ginger Oil Gains Popularity Due to Proven Benefits for Skin

Pharmacological potentials of ginger oil are gaining awareness among customers. This oil has great anti-inflammatory and pain-relieving agent, which is being used typically by patients with arthritis and other joint ailments. Ginger oil is gaining popularity, owing to its various medical uses for the human body. As such, companies in the ginger oil market are increasing their production capabilities, since this oil is being used in DIY masks for skin and hair.

Other pharmacological applications of ginger oil involve use for relieving nausea and vomiting when consumed with herbal tea or water. Aromatherapy is another key driver, which is bolstering market growth, especially in countries of South and East Asia.

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Experts and Education Teams Collaborate to Develop Products with High-concentrated Ginger Oil

Aromatherapy is emerging as a key market driver, which is fueling the demand for ginger oil. Decleor-a provider of aromatherapy products and treatments in Paris, is expanding its product portfolio in essential oils, which also involves ginger oil. Manufacturers in the ginger oil market are gaining proficiency in ingredient-led skincare. They are onboarding experts that design various skin and hair care products. Manufacturers are teaming up with therapists and establishing education teams that are focused on leveraging the power of facial and body treatments using ginger oil skincare products.

Companies in the ginger oil market are increasing their R&D efforts to develop highly concentrated ginger essential oils that are induced with active and powerful properties. Antioxidant properties of ginger oil help to protect the skin against free radicals.

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