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Ginger Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Ginger Market
The escalating appetite for ready-made cocktails is predicted to fuel the expansion of the ginger market. These cocktails are pre-blended alcoholic drinks designed for immediate consumption straight from the bottle or can, with no need for extra steps. The budding interest in hassle-free yet tasty drink options is causing an uptick in ready-to-drink cocktail demand. Ginger is popular in these beverages as it imparts a zestiness and refreshment to the drink, offers complexity to cocktail concoctions, complements other flavors, and contributes to the overall depth of the drink. For instance, the US-based Distilled Spirits Council (DISCUS), an institute offering knowledge and training in distilled spirits, reported in February 2024 a substantial increase in the US ready-to-drink (RTD) category's revenue, especially premixed cocktails encompassing spirits ready-to-drink. This category rose by 26.8% or $599 million, reaching $2.8 billion in 2023. Therefore, the burgeoning popularity of ready-to-drink cocktails is propelling the ginger market's growth.
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What is the future CAGR of the ginger market, and how will it impact industry expansion?
The size of the ginger market has experienced robust growth lately. The market valuation is set to increase from $4.88 billion in 2024 to $5.2 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the historical period include cultural and culinary importance, exploration and trade routes, colonial-era spice trade, renaissance and the resurgence of culinary arts, along with trends in health and wellness.
Prospects for substantial expansion are anticipated in the ginger market size in the forthcoming years. A thriving compound annual growth rate of 6.0% is expected to swell it to $6.56 billion by 2029. This expansion during the forecast period can be credited to a growing public cognizance of the health advantages stemming from ginger usage, an escalating appeal of beverages and tonics that are ginger-infused, an upswing in disposable incomes coupled with shifts in living styles, burgeoning utilization of ginger as a potent ingredient in skincare, and the surge in accessibility of ginger-focused products via online retail mediums. The prediction period will see a surge in the demand for products designated for health and wellness that are ginger-based, burgeoning operations related to the cultivation and processing of ginger in budding regions, an upturn in the use of ginger in culinary applications, its incorporation into beverages, and innovative product launches.
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How are the latest trends influencing the growth of the ginger market?
Leading corporations in the ginger market are advancing by creating unique products, like swift-reacting ginger extracts, to aid joint health and enhance mobility. Swift-reacting ginger extract is a potent form of ginger that promptly supplies its beneficial impacts when consumed. For instance, in June 2022, Specnova, an American dietary supple*ment ingredient provider, introduced a new product called GingerT3. This is an organic, fermented ginger extract focusing on joint support. GingerT3 is a potent, swift-reacting formula and requires small doses (75-125mg) for easy formulation. It blocks pain receptors and swelling enzymes, furthering joint health through targeting TRPV1 (Transient Receptor Potential Vanilloid 1), 5-LOX (5-Lipoxygenase), and COX (Cyclooxygenase). GingerT3 is formulated for effortless inclusion in an array of products like gumm*ies, chews, capsules, and functional foods.
Which key market segments comprise the ginger market and drive its revenue growth?
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 regions are at the forefront of ginger market expansion?
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.
Who are the leading players fueling growth in the ginger market?
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
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What Is Covered In The Ginger Global Market Report?
• Market Size Forecast: Examine the ginger market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the ginger market for a structured understanding.
• Key Players Overview: Analyze major players in the ginger market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ginger market.
• Segment Contributions: Evaluate how different segments drive overall growth in the ginger market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ginger market.
• Industry Challenges: Identify potential risks and obstacles affecting the ginger market.
• Competitive Landscape: Review strategic developments in the ginger market, including expansions, agreements, and new product launches.
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