Ginger Market Value Hits USD 4.5 Billion in 2023 with a 6.9% CAGR Forecast by 2030| Canadian Ginger Company, Olam Spices, Huaguang Group

The Global Ginger Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.

What is the Ginger Market Value?

The Global Ginger Market size was valued at USD 4.5 billion in 2023 and is estimated to grow at a CAGR of around 6.9% during the forecast period, i.e., 2024-30. The growth of the market would be propelled mainly by the growing consumer awareness of the health benefits & culinary uses of ginger and its increasing number of medicinal & nutraceutical applications. Ginger is a versatile ingredient used in various cuisines worldwide. Its unique flavor & aroma make it a popular choice in many savory & sweet dishes, beverages, snacks, & condiments.

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Regional Analysis:

• North America
• Europe
• Asia Pacific
• Middle East/Africa
• South America

Among them, the Asia-Pacific experienced considerable growth in the Global Ginger Market.

Ginger Market Key Driver

Ever-Increasing Consumer Demand for Healthy & Natural ingredients: Ginger is recognized widely for its health benefits owing to its anti-inflammatory properties, digestive benefits, and use in traditional medicine applications. As consumers increasingly seek natural remedies & functional foods to support their well-being, and ginger well-aligns with these preferences, it witnesses high demand. Moreover, there's a growing preference for natural & clean-label ingredients, which are minimally processed and free from artificial additives.

As ginger also fits well here as a natural spice & flavoring agent, consumers are increasingly opting for products with recognizable & simple ingredient lists. Hence, the mounting inclination of consumers toward healthy foods with natural ingredients is a key factor driving the Global Ginger Market.

Competitor Breakdown: Top Ginger Market Player 2024-2030

• Monterey Bay Spice Co. Inc.
• Sino Nature International Co Ltd
• Buderim Group Limited
• Knitspice
• KODGAV
• Canadian Ginger Company
• Olam Spices
• Huaguang Group
• Indian Organic Farmers Producer Co. Ltd.

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Market Segmentation:

Breakdown By Forms

• Fresh Ginger
• Powdered Ginger
• Dried Ginger
• Ginger Oil

Breakdown By Type

• Organic
• Conventional

Breakdown By Application

• Food Processing
• Pharmaceuticals Nutraceutical
• Personal Care Industry

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Frequently Asking Questions (FAQ’s):

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