Ginger Oil Market Overview, Industry Trends and Growing Opportunities Till 2030 | Says TMR

Ginger Oil Market: Introduction

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.

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.

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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.

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.

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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.

Pharmacological Potentials of Ginger Oil Play Instrumental Role in Minimizing Tumor Growth

Europe is anticipated to hold the lion's share of the ginger oil market. However, the side effects of ginger oil, such as abdominal pain and heartburn are being experienced by many individuals. Hence, companies in the ginger oil market are encouraging customers to seek medical advice before consumption or application of ginger oil. Manufacturers are adopting clean labels that prominently highlight ingredients and directions for use of ginger oil products.

Gingerol in ginger oil is found to open up airways of patients with bronchitis. When individuals administer ginger oil in the right quantity, it can help to deploy protective properties to the liver, thus improving patient quality of life. High antioxidant content in ginger oil helps to suppress free radical damage, which minimizes tumor growth. Manufacturers are increasing their production of product supplements for cough and cold that are essential during the monsoon season.

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Innovative Extraction Methods Generate Maximum Yield of Ginger Oil
Ginger oil, similar to most plant essential oils, is known for improving bowel movement, enhancing appetite, and eliminating toxins. Hence, companies in the ginger oil market are increasing their R&D activities to experiment with innovative extraction methods. As such, ginger oil is in high demand for the treatment of dyspepsia, diarrhea, and muscular disorders. This explains why the ginger oil market is slated to expand at a striking CAGR of 9.1% during the forecast period.

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