Ginger Oil Market Growing Demand for Ginger Oil in Food & Beverages across the Globe

According to Precision Business Insights (PBI), the latest report, ginger oil market was valued at USD 11,654.9 million in 2022 and is poised to grow at CAGR of 3.8% during the forecast period 2023 to 2029. Increasing demand for ginger oil in the pharmaceutical industry and food and beverages industry. In addition, rising awareness associated with health benefits of ginger oil are the major key driving factors expected to grow the ginger oil market in the forecasted period.

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The ginger oil market is segmented based on type, application, distribution channel, and geography.
Based on the type, the market is segmented into the following:
• Organic
• Conventional

Based on the application, the market is segmented into the following:
• Food & Beverages
• Pharmaceutical Industries
• Cosmetics & Personal Care
• Others

Based on the Distribution channel, the market is segmented into the following:
• Supermarkets & Hypermarkets
• Online Stores
• Retail Store
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Food & Beverages Segment is expected to Dominate the Ginger Oil Market
Based on the application, the global ginger oil market is segmented into food & beverages, pharmaceutical industries, cosmetics & personal care, and others. The Food & Beverages segment is expected to account for a larger revenue share in the global ginger oil market. The rising awareness among the people about the health benefits related to ginger oil is the major key driving factor of this segment. Moreover, owing to health benefits of ginger oil as it contains anti-cancer, anti-inflammatory, antioxidant properties, ginger oil is used in many food preparations and beverages like tea, smoothies, and other beverages. The pharmaceutical and cosmetic segment is also expected to have a significant growth in the forecasted years.

Asia Pacific Ginger Oil Market:
The Asia Pacific ginger oil market is expected to increase over the forecast period due to the Increase in production of ginger oil in the countries like India and China in Asia Pacific region. The rising awareness and popularity of aromatherapy in this region is expected to fuel the market growth in the forecasted years. The ginger oil has also been used in traditional medicine and cuisine from the antient time in this region. The increasing popularity of ginger oil in the health and cosmetic due to its natural health and skin benefits in this region is expected to aid the growth of ginger oil market in Asia Pacific region.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Ginger Oil market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the ginger oil market report are Mountain Rose Herbs, Now Health Group, Inc., Doterra International, LLC, Rocky Mountain Oils, LLC, The Sydney Essential Oil Co, AG Industries, Manekancor, Ozonenaturals, Lichen, Phoenix Aromas & Essential Oils, Floracopeia Inc.

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This release was published on openPR.