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Ginger Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Ginger Market Size
The ginger market will grow from $4.88 billion in 2024 to $5.2 billion in 2025, at a CAGR of 6.4%. This growth is attributed to the cultural and culinary significance of ginger, its health benefits, trade routes, and global health and wellness trends.
The ginger market is expected to witness significant growth in the coming years. By 2029, it is projected to reach $6.56 billion, expanding at a CAGR of 6.0%. This growth will be driven by increasing consumer awareness of ginger's health benefits, the rising popularity of ginger-based beverages and health tonics, higher disposable incomes and evolving lifestyles, growing use of ginger in skincare products, and the wider availability of ginger-based products through online retail platforms. Key trends include a rising demand for ginger-based wellness products, expansion of ginger cultivation and processing in emerging regions, increasing use of ginger in culinary applications, incorporation of ginger into beverages, and continuous product innovations.
What Key Elements Are Boosting Growth in the Ginger Market?
The growing demand for ready-to-drink cocktails is expected to drive the growth of the ginger market. Ready-to-drink cocktails are pre-mixed alcoholic beverages that are convenient for consumers seeking flavorful options without the need for additional preparation. Ginger is commonly used in these drinks for its zesty flavor, which enhances the overall taste and balances other ingredients. For example, in February 2024, the Distilled Spirits Council (DISCUS), a U.S.-based organization, reported a significant revenue growth in the U.S. ready-to-drink (RTD) category, particularly for premixed cocktails, which saw a 26.8% increase to $2.8 billion in 2023. As a result, the demand for ready-to-drink cocktails is driving the ginger market's growth.
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Who Are the Major Industry Players Fueling Ginger Market Expansion?
Major companies operating in the ginger market report are Nestle SA; Archer-Daniels-Midland Co.; Olam Group; McCormick & Co. Inc; Kalsec Inc.; Frontier Co-op.; Capital Foods Ltd.; Buderim Group Ltd.; The Ginger People; Laird Superfood Inc.; JEGS HIGH PERFORMANCE; Sun Impex International Foods L.L.C.; Yummy Food Industrial Group; Monterey Bay Spice Co. Inc.; Indian Organic Farmers Producer Co. Ltd.; Sino-Nature International Co. Ltd.; AKO GmbH; GROTEX; NANI Agro Foods Pvt. Ltd.; Organic Mountain Flavor Pvt. Ltd.; Canadian Ginger Company; Knitspice; BRL foods; KODGAV; Huaguang Group
Which Key Developments Are Influencing the Ginger Market?
Leading companies in the ginger market are focusing on innovative products like fast-acting ginger extracts to enhance joint health and mobility. Fast-acting ginger extract is a concentrated form of ginger that delivers quick health benefits after consumption. For example, Specnova, a US-based dietary supplement* ingredient supplier, launched GingerT3 in June 2022, an organic, fermented ginger extract designed for joint health. This potent, fast-acting formula requires small doses (75-125mg) for easy inclusion in various products like gummie*s, chews, capsules, and functional foods. GingerT3 works by inhibiting pain receptors and inflammatory enzymes, promoting joint health through targeting TRPV1, 5-LOX, and COX.
How Is the Segmentation of the Ginger Market Defined?
The ginger market covered in this report is segmented -
1) By Type: Conventional, Organic
2) By Form: Fresh Ginger, Dried Ginger, Ginger Oil, Powdered Ginger
3) By Distribution Channel: Traditional Retail, Modern Retail Stores, Other Distributions
4) By Application: Food Industry, Pharmaceuticals Industry, Cosmetics Industry, Other Applications
Subsegments:
1) By Conventional: Fresh Ginger, Dried Ginger, Ginger Powder, Ginger Oil
2) By Organic: Fresh Organic Ginger, Dried Organic Ginger, Organic Ginger Powder, Organic Ginger Oil
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What Is the Leading Region in the Ginger Market?
Asia-Pacific was the largest region in the ginger market in 2024. The regions covered in the ginger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Ginger Global Market Report?
- Market Size Analysis: Analyze the Ginger Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ginger Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ginger Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ginger Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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