DUBLIN, March 27, 2024 /PRNewswire/ — The “Global Ginger Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Ginger Market is expected to reach about US$ 6.29 billion by 2030 from $4.16 billion in 2023, growing at a CAGR of 6.08% during 2024-2030.
The use of ginger has advanced substantially from its traditional roots as a medicinal plant to a culinary staple and beyond. Its heat, aromatic flavor is now celebrated in many culinary packages, from savory dishes to sweets and liquids. Beyond the kitchen, ginger’s health offers are harnessed in current wellness practices, making it a flexible and enduring element in both conventional remedies and contemporary life.
The Food and Agriculture Organization of the United Nations (FAO) expected that the global manufacturing of ginger in 2022 turned into round 4.1 million metric tons. Due to the growing demand for ginger globally, farmers at the moment are increasing their cultivation regions and adopting greater superior agricultural practices to fulfill the needs of the growing market. This is a sizeable shift within the ginger market, as farmers now ought to keep up with the high demand and make sure the quality of their crops meets the consumers’ requirements.
Ginger’s versatility extends past culinary regions, making its mark in numerous industries. Ginger extracts are integrated into skincare and hair care products, leveraging their anti-inflammatory and antioxidant properties. Its special flavor complements multiple liquids, from soothing ginger tea to bubbling ginger ale or alcoholic beverages. In the pharmaceutical realm, ginger extract is under exploration for capacity therapeutic applications in treating situations like osteoarthritis, diabetes, and cancers, showcasing the plant’s evolving role in addressing health and nicely-being all through various sectors.
Farmers in increasing embrace current agricultural technology like drip irrigation and precision agriculture in response to the need for improved yield and resource performance. These upgrades contribute to more effective productivity and sustainable farming practices. Government initiatives further catalyze this shift, with several administrations enforcing supportive guidelines for ginger production. Measures encompass the supply of subsidies and the buying of sustainable practices, aligning with broader agricultural modernization needs. Together, the adoption of modern technology with the aid of farmers and governmental efforts creates a synergistic method to strengthen the efficiency and sustainability of ginger cultivation practices.
As consumer preferences shift towards fresh, natural ingredients, the dominance of fresh ginger in the global market is poised to solidify further
By products, the Global Ginger Market is divided into Fresh, Dried, Preserved, Pickled, Crystallized, Powdered, and Others. Increasing cognizance of its health benefits, including anti-inflammatory properties and antioxidants, prompts a desire for fresh processed forms. Its culinary versatility, improving both savory and sweet dishes, fuel its reputation in kitchens globally.
Advances in storage and transportation ensure year-round availability, promoting broader consumption. The ‘farm-to-desk’ motion and a growing choice for fresh, natural ingredients amplify demand. The organic ginger market is expanding, reflecting environmental cognizance. Fresh ginger’s progressive applications in cosmetics, fitness supplements, and cleaning agents diversify its market, raising its overall value in the ever-evolving spice panorama.
China is a prominent player in Ginger Market globally
By countries, the Global Ginger Market is broken up into United States, Canada, Mexico, Brazil, Argentina, Colombia, United Kingdom, Germany, France, Italy, Spain, Netherlands, China, Japan, India, South Korea, Indonesia, Malaysia, Australia, United Arab Emirates, Israel, South Africa, and Rest of the World. In 2022 China led the global ginger market, producing 2.5 million metric tons, comprising 61% of the region’s output. Anchored in massive agricultural lands, favorable climates, and established farming practices, China’s unequaled production capability contributed to over 60% of the worldwide ginger supply, with a yearly yield. The country’s sturdy infrastructure and logistics network facilitated efficient transportation and export, bolstering its competitive edge.
Lower manufacturing costs, sponsored by available labor, huge-scale cultivation, and government subsidies, improved China’s international competitiveness. Offering a varied product range, which includes fresh and dried ginger, powder, extract, and oil, addressed various consumer preferences, fortifying its market dominance. Growing domestic demand, propelled by health awareness, rising earnings, and culinary tendencies, strengthened China’s global market role. Government help, strategic trade agreements, and industry resilience in research, infrastructure, and subsidies emphasized China’s enduring management in the worldwide ginger market.
Company Analysis: Overview, Recent Developments, Revenue
- Archer Daniels Midland Company
- Kerry Group
- Olam International Limited Company
- CHS Inc Company
- Nestle SA
- McCormick & Co. Inc
- SUN IMPEX INTERNATIONAL FOODS LLC
- The Canadian Ginger Co.
- The Ginger People
- Monterey Bay Spice Co.
Products – Global Ginger Market breakup from 7 viewpoints:
- Fresh
- Dried
- Preserved
- Pickled
- Crystallized
- Powdered
- Others
North America
- United States
- Canada
- South America
- Mexico
- Brazil
- Argentina
- Colombia
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
Middle East & Africa
- United Arab Emirates
- Israel
- South Africa
Rest of the World
For more information about this report visit https://www.researchandmarkets.com/r/7tmmay
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