Industry Background:
Ginger oil is extracted from the ginger root, scientifically known as Zingiber Officinale Roscoe. It is a warm, flavorful, energizing, and hot oil that is widely used in food, medicine, and many other areas. The scent and quality of ginger oil depend on the distillation and quality of the ginger used. The ginger root is also one of the sources of tincture and nutritional supplements. Currently, the demand for ginger oil in the world market is increasing due to its medicinal properties and unique taste. It has a light color and a pleasantly pungent aroma when added to food and drink. The ongoing COVID-19 pandemic has caused great panic among individuals. People resort to Ayurveda to help maintain optimal levels of immunity. Natural ginger in its original form and as an essential oil is a popular immunity booster due to its high antioxidant content. On the flip side, companies in the ginger oil market are increasing their manufacturing capabilities to create nutritional supplements that help clear the airways of patients with bronchitis and other respiratory diseases. Such supplements are in great demand as coronavirus pathogens are found to worsen the respiratory functions of individuals. The COVID-19 supplement list also includes herbal teas that are induced with ginger oil and help boost immunity. Likewise, ginger, lemon, and turmeric have become top products for people seeking advice on how to maintain optimal health amid the COVID-19 pandemic.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Kancor (India), Lala Jagdish Prasad & Co (India), Silverline Chemicals Ltd (India), Avi Naturals (India), Aromaaz International (India), Jedwards International (United States), SVA Organics (India), Ozone Naturals (India) and Plamed Group (China) |
According to AMA, the market for Ginger Essential Oil Extract is expected to register a CAGR of 4.0% during the forecast period to 2030. This growth is primarily driven by Increasing Cases of Depression and Anxiety Disorders among Consumers, The Growing Demand for Essential Oils from the Aromatherapy Industry, Growing Demand for the Treatment of Dyspepsia, Diarrhea, and Muscular Disorders and Increasing the Production of the Product Supplements For Cough and Cold That Are Essential During the Monsoon Season.
Globally, a noticeable market trend is evident The Shifting Trend towards Preventive Healthcare, Coupled With an Improved Standard Of Living among Consumers
Major Vendors, such as Kancor (India), Lala Jagdish Prasad & Co (India), Silverline Chemicals Ltd (India), Avi Naturals (India), Aromaaz International (India), Jedwards International (United States), SVA Organics (India), Ozone Naturals (India) and Plamed Group (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In May 2023, Symrise announced a partnership with EarthFresh Organics, a leading producer of organic ginger in India, to source high-quality ginger for its essential oil production. This partnership aims to ensure sustainable and ethical sourcing practices.
On October 26, 2023, Cliganic released its Ginger & Lemongrass Diffuser Blend, combining the uplifting aroma of lemongrass with the warming notes of ginger for a refreshing home fragrance.
Regulatory Insights:
International organizations such as the United Nations (UN) and the European Union (EU) have set specific regulations and guidelines for the production, harvest, and processing of flowers and aromatic plants. The United Nations Industrial Development Organization (UNIDO) and the United Nations Food and Agriculture Organization are mandated to regulate and control all post-harvest processing operations in developing countries, principally for herbs, spices, and essential oils. The European Federation of Essential Oils (EFEO) was also established by the EU to represent, protect, and promote the interests of the trade and manufacture of essential oils and related products across Europe.
Influencing Trend:
The Shifting Trend towards Preventive Healthcare, Coupled With an Improved Standard Of Living among Consumers, The Demand for Ginger Oil Is Also Gaining Traction from Pharmaceutical Industry Due To Its Medicinal Properties and The Rising Demand, Since Coronavirus Pathogens, Are Found To Deteriorate the Respiratory Functions of Individuals
Market Growth Drivers:
Increasing Cases of Depression and Anxiety Disorders among Consumers, The Growing Demand for Essential Oils from the Aromatherapy Industry, Growing Demand for the Treatment of Dyspepsia, Diarrhea, and Muscular Disorders and Increasing the Production of the Product Supplements For Cough and Cold That Are Essential During the Monsoon Season
Challenges:
Lack of Awareness Among the Consumers
Restraints:
Fluctuation in Raw Material Price and Availability of Alternative Products
Opportunities:
R&D Efforts to Develop Highly Concentrated Ginger Essential Oils That Are Induced With Active and Powerful Properties, Regulations Favoring the Use of Environmentally Friendly Ingredients in Various Industries and Rising Prevalence of Health Problems
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ginger Essential Oil Extract Market
- Analysis about New Entrants in Ginger Essential Oil Extract Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ginger Essential Oil Extract Study Sheds Light on
The Ginger Essential Oil Extract Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ginger Essential Oil Extract industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ginger Essential Oil Extract industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.