Global Ginger Processing Market Report and Forecast 2024-2032

Global Ginger Processing Market Outlook

The global ginger processing market size was valued at nearly USD 3.07 billion in 2023. The industry is further expected to grow at a CAGR of 8.2% over the forecast period of 2024-2032 to attain a value of over USD 6.28 billion by 2032.

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The global ginger processing market is being driven by the expanding applications and growing consumer demand for natural or plant-based products. It has become an important commercial crop that is grown for its aromatic rhizomes, which is further used both as a spice and as a medicine.

The powdered form is the most preferred type owing to its ease of use and handling. The food industry, among other end-use segments, leads the industry, accounting for a significant share in the global market. Region-wise, India is the leading producer as well as one of the leading exporters of the product. The climatic conditions in India favour the cultivation of ginger in the region. It is one of the most used condiments in the Asian cuisines due to its various health benefits, pungent aroma, and peppery flavour. Further, the significant use of processed ginger products to prepare items of everyday use like masala chai, vegetable dishes, and curries in India is providing further impetus to the global ginger processing market for its growth.

Market Segmentation

Ginger is a flowering plant whose rhizome, ginger root, or ginger, is widely used as a spice. It belongs to the family Zingiberaceae and is native to South-East Asia. It provides various health benefits owing to which it is used all around the world for day-to-day applications, particularly in the Asian countries.

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Based on form, the industry is divided into ginger powder and oil.

On the basis of end use, the industry is segmented into:

• Food Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Others

Based on distribution channel, the industry is segmented into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Food Stores
• Online
• Others

The report also covers the major markets in the global ginger market, which include regions like North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. 

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Market Analysis

The global ginger processing market is driven by the growing demand for processed ginger in the food and pharmaceutical industries. The market is witnessing a steady growth due to its growing applications in various sectors. It has various medicinal properties, further providing an ability to combat several ailments, including degenerative disorders, and cancer, among others. The growing consumer awareness regarding the benefits offered by ginger is leading to its increased adoption by the manufacturers, thus, aiding the global ginger processing market. 

Ginger juice or oil is also finding increased applications in the cosmetics sector, owing to its anti-inflammatory and anti-oxidative properties, which further controls the process of ageing. The growing demand for herbal cosmetics products is providing a further boost to the global ginger processing market. Also, the manufacturers are introducing various products and new launches, such as ginger tea and others in the market, thus, propelling the market further. 

The ginger processing industry is growing due to the increased utilisation of ginger as a spice, not just in Asian countries, but in other regions as well, owing to its excellent aromatic and medicinal properties. Moreover, the growing production and cultivation of ginger, which ensures its steady supply in the market for diverse applications, is supporting the industry further. The various initiatives taken by the government of India to assist farmers are providing a further push to the ginger processing industry. The growing consumer demand for organic and natural products and new product launches are expected to aid in the growth of the industry over the forecast period. 

The report gives a detailed analysis of the key players in the global ginger processing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report