Global Ginger Market Report and Forecast 2024-2032

The global ginger market is likely to grow at a CAGR of 4.50% during the forecast period of 2024-2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 8.98 Billion by 2032.

The market is being aided by the use of ginger in the personal care and cosmetics industry and the rising popularity of Asian cuisines.

The market is expected to be driven by the trend of clean label products, functional beverages, and ready-to-go alcoholic beverages with innovative flavours.

The major regions in the market are India, Nigeria, China, Indonesia, Nepal, Thailand, Bangladesh, and Japan, among others.

The major product types considered in the market report are fresh ginger and processed ginger, with processed ginger further subdivided based on type into ginger powder, ginger oil, and ginger paste, among others.

The different processed products of ginger are ginger powder, ginger oil, and ginger paste, among others.

The significant applications in the market are food industry, pharmaceutical industry, and cosmetic industry, among others.

Ginger is cultivated in humid and warm climate, can be grown in irrigated and rain-fed conditions, and requires manuring for high quality and yield. Though labour intensive, ginger farming is deemed very profitable with an average yield of nearly 6-10 tonnes per acre.

The major players in the market are Archer-Daniels-Midland Co., Floracopeia Inc., The Ginger People Co., Buderim Ginger Ltd., Capital Foods Limited, NANI Agro Foods Pvt. Ltd., Frontier Co-op., Monterey Bay Herb Company, Guangxi Yongjiang Food Industry Co., Ltd., Sun Impex International Foods LLC, Indian Organic Farmers Producer Company Limited, The Canadian Ginger Co., Natural Ginger Corp., and Spice World, Inc.

The global demand for ginger is increasing due to the rising shift towards healthy and natural ingredients, increasing popularity of Asian cuisines which uses ginger extensively in food preparing, and the growing use of ginger in cosmetics and skincare industry.

Unpredictable weather patterns, rising import and export tariffs, and shorter shelf lives of ginger and ginger ingredients are some of the major challenges impacting the market’s growth.

Key regions considered in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.