The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Ginger Global Market Report 2024 offers crucial insights into the ginger market help businesses analyse and build stronger strategies.

The ginger market has experienced robust growth driven by its versatile applications and increasing consumer awareness of its health benefits.

Market Growth Dynamics

• Market size rose from $4.62 billion in 2023 to $4.88 billion in 2024, with a CAGR of 5.7%.
• Projected to reach $6.19 billion by 2028, growing at a CAGR of 6.1%, fueled by health trends and culinary innovations.

The Surging Demand For Ready-To-Drink Cocktails Is Driving The Ginger Market

The rising popularity of ready-to-drink cocktails is a significant driver of ginger market growth, enhancing its demand in the beverage sector.

• Ready-to-drink cocktails offer convenient and flavorful options for consumers.
• Ginger adds zest and complexity to cocktail recipes, enhancing flavor profiles and consumer appeal.

Read The Full Ginger Market Report Here:
https://www.thebusinessresearchcompany.com/report/ginger-global-market-report

Major Players Leading Innovation

Leading companies are at the forefront of introducing innovative ginger-based products and expanding market reach.

• Key players include Nestle SA, Archer-Daniels-Midland Co., and McCormick & Co. Inc.
• Innovations focus on fast-acting ginger extracts and expanding product portfolios in food and beverage applications.

Exploring Innovations And Technologies For Shaping The Future

Companies are investing in advanced technologies to develop high-potency ginger extracts tailored for health and wellness markets.

• Specnova launched GingerT3, a fast-acting organic ginger extract for joint support.
• Innovations target inflammatory pathways, enhancing efficacy and consumer health benefits.

Oterra’s Acquisition Of Akay Group Expands Natural Ingredients Portfolio

Strategic acquisitions, like Oterra’s acquisition of Akay Group, underscore the industry’s focus on expanding natural ingredient offerings.

• Acquisition strengthens Oterra’s position in natural food ingredients, particularly in ginger and related nutraceutical components.
• Enhances product portfolio with complementary solutions for dietary supplements and functional foods.

Market Segmentation

The ginger market is segmented based on type, form, distribution channel, and application, reflecting its diverse uses across industries.

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

Regional Insights

• Asia-Pacific led the ginger market in 2023, driven by production hubs and culinary traditions.
• North America and Europe are emerging as key growth regions, fueled by increasing consumer preference for natural ingredients.

In conclusion, the ginger market continues to expand globally, driven by health-conscious consumer trends and innovations in food and beverage applications. Companies leveraging technological advancements and strategic acquisitions are poised to capitalize on the growing demand for ginger-based products across diverse industries.

Get A Free Sample On The Global Ginger Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=15196&type=smp

The Ginger Global Market Report 2024  provides a comprehensive outlook of the ginger market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ginger market forecast offers a thorough analysis on ginger market size, ginger market share, prominent players and their strategies.

The Table Of Content For The Ginger Market Include:
1. Ginger Market Executive Summary
2. Ginger Market Segments
3. Ginger Market Size And Ginger Market Growth Rate
4. Key Ginger Market Trends
5. Major Ginger Market Drivers
……
25. Key Mergers And Acquisitions In The Ginger Market
26. Top Ginger Companies
27. Ginger Market Opportunities And Strategies
28. Ginger Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:
Plant Extracts Global Market Report 2024
Precision Farming Global Market Report 2024
Indoor Farming Technology Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: