Press release
Ginger Oil Market Shows Booming Growth with Surprising Transition in Coming Decade 2024 - 2031 | Katyani Exports, Universal Olioresins
Ginger Oil Market
Global ginger oil market is estimated to be valued at USD 12.21 Bn in 2024 and is expected to reach USD 14.54 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
Market Dynamics:
Growing consumer awareness about health benefits of ginger oil is propelling the market growth. Ginger oil helps in alleviating nausea, reducing arthritis pain, boosting immunity, and lowering cholesterol levels. It also finds application in reducing menstrual cramps and relieving muscle soreness. Additionally, rising demand for natural ingredients in cosmetic and personal care products is also driving the ginger oil market. Changing lifestyle and increasing incidence of lifestyle diseases have further increased the demand for natural therapeutic oils like ginger oil.
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Major Market Drivers for Ginger Oil Market
Increasing demand for natural and herbal flavors and fragrance
Ginger oil is extensively used as a natural flavoring and fragrance agent in food and beverages, personal care, and other industrial products. The rising health consciousness among consumers has increased the demand for natural ingredients over synthetic flavors and fragrances. Ginger oil, being a herbal extract obtained from ginger rhizomes, falls under the category of a natural ingredient. Various epidemiological studies have proved the therapeutic properties of ginger, which is further augmenting the demand for ginger oil from the natural products industry.
Major Market Opportunity for Ginger Oil Market
Untapped markets in the natural personal care and therapeutic products
While ginger oil is majorly used in food applications currently, its potential in personal care and medicinal products is still untapped to a large extent. Recent studies validating the anti-inflammatory, antioxidant, and skin-soothing properties of ginger constituents have paved the way for new product innovations in natural cosmetics, aromatherapy, and topical medicines. Brands can capitalize on this opportunity by launching ginger-infused personal care lines or developing ginger oil-based topical gels and ointments for muscle pain, arthritis, etc. This will open new revenue streams and support the market growth in the coming years.
Key Market Trend in Ginger Oil Market
Rising popularity of organic and fair trade certified ginger oil
With growing preferences for sustainably produced ingredients, organic ginger oil is gaining traction among manufacturers in food and personal care industries. Farmers involved in organic ginger cultivation are obtaining higher prices for their crops. This is encouraging other cultivators to switch to organic practices as well. Furthermore, fair trade certification of ginger oil ensures fair wages and improved livelihood for smallholder farmers. Consumers today pay attention to the origin of ingredients and favor brands emphasizing ethical sourcing. This emerging trend is likely to reshape production and trade in the global ginger oil market over the coming decade.
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Top Companies Featured in This Report:
★ Katyani Exports
★ Universal Olioresins
★ AOS Product Pvt. Ltd.
★ Phoenix Aromas (Nanjing) Co. Ltd.
★ Alchem International Ltd.
★ Kancor Industries
★ Frutarom
★ Chr. Hansen
★ Biomax Life Sciences Limited
★ Firmenich
★ A.G. Organica
★ Aadhunik Ayurveda
★ Hindustan Mint and Agro Products Pvt. Ltd.
★ Avi Naturals
★ Anjum Aromatics
★ Moksha Lifestyle
★ Sidus Natural Products P Ltd.
★ Rakesh Sandal Industries (Rakesh Group)
★ Shubham Natural Fragrances
★ Fancy India Corp.
Market Segmentation:
By Product Type:
★ By Nature: Organic and Conventional
★ By Sales Channel: Hypermarkets/Supermarkets, Specialty Stores, Mass Grocery Stores, Online Retail, Others
By Applications:
★ By Application: Cosmetics & Personal Care, Pharmaceuticals, Household, Others
Key Regions/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Reasons to Obtain Our Comprehensive Market Report:
• Conduct an extensive analysis of various aspects of the Ginger Oil Market utilizing Porter's Five Forces framework.
• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Ginger Oil Market.
• Explore the Ginger Oil Market dynamics across different regions through comprehensive regional analysis.
• Assess the impact of Covid-19 on the Ginger Oil Market with a meticulous research approach.
• Stay updated on the latest developments, market shares, and strategies of key market players within the Ginger Oil Market.
• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Ginger Oil Market.
• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.
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Key Questions Answered:
• What was the size of the Ginger Oil Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Ginger Oil Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Ginger Oil Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Ginger Oil Market?
• Which segments of the Ginger Oil Market are in high demand?
Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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