About Ginger Powder/Ginger Extract
Ginger powder is defined as the flowering plant whose rhizome, ginger root and ginger, is broadly used as a spice, folk medicine and others. It is made by drying out a peeled fresh ginger root, then grinding it to a fine powder. It is also used for fragrance in soaps as well as cosmetics. In the food industry, its powdered form is extensively used as a flavoring agent in tomato ketchup, salad dressings, sauce, pickles, gravies, meat sausages curry dishes and others. In herbal medicines, ginger powder is widely used as a carminative ingredient that reduces intestinal gas. The various benefits of using the ginger powder in food such as relieving nausea, loss of appetite, motion sickness, pain, among others. Increasing medical awareness regarding organic substances and others are some of the major drivers which are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.2% |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global ginger powder market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Ginger Powder/Ginger Extract market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honsea Enterprise (China), Shenzhen Fangrun (China), Pure Source (United States), Lincao (United States), Chukang (United States), CNK (India), Layn (China), Xian East (China), Yongyuan (United States) and Engreen Limited (Bangladesh) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Xuhuang (China), Lyle (United Kingdom), Xian Sihuan (China), Pioneer herb (China), Inner natural (China) and Yuanhang (China).
Segmentation Overview
AMA Research has segmented the market of Global Ginger Powder/Ginger Extract market by Type (Black Ginger Powder and Yellow Ginger powder), Application (Food, Health Care Products, Medicine and Others) and Region.
On the basis of geography, the market of Ginger Powder/Ginger Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the Ginger Powder/Ginger Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Drum will boost the Ginger Powder/Ginger Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement of the Ginger Powder Products and Increase Usage of Ginger in the Medical Treatment Such as Diabetes
Market Growth Drivers:
Increasing Usage of the Ginger Powder in the Food Industry, Rising Disposable Income Along With Changing Life Style and Growing Number of Ginger Powder Application
Challenges:
Some Products of Ginger Powder Have High Price
Restraints:
Lack of Awareness Regarding Benefit of Ginger Powder
Opportunities:
Rising Demand from Emerging Economics such as India, China and others
Market Leaders and their expansionary development strategies
On 26 April 2022, the Meghalaya government launched the 'Ginger Mission,' which aims to double the ginger production in the state to at least 1.5 lakh MT per annum in the next three years from its current production of about 60,000 MT per annum.
In December 2020, DolCas Biotech, Ltd. included in its daunting portfolio of better-for-you botanicals a novel, greatly concentrated all-natural ginger root extract (Zingiber officinale roscoe), branded as Ginfort™. The patented bioactive, formulated by Olene Life Sciences, Pvt. Ltd. in India, bears a certified digestive support claim and rounds out Dolcas’ coffer of structural, functional health constituents. Ginfort’s proprietary extraction procedure resolves typical challenges formulators face in meeting the three essential parameters of an efficient nutraceutical constituent: accomplishing low-dose actives, offering great clinical efficiency, and keeping up stability.
Key Target Audience
Manufacturers of Ginger Powder, Suppliers of Ginger Powder, Wholesalers, Distributors and Retailers of Ginger Powder, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.