Global Ginger Root Extract Market Overview:
Ginger consists of various nutrients and bioactive compounds which benefits brain as well as body. Ginger root extract is used to help digestion, reduce nausea and fight the flu and common cold, to name a few. Ginger can also be used fresh, dried, powdered, or as an oil or juice. It is sometimes added to processed foods and cosmetics. It is originated from tropical rainforest of Southern Asia, and belongs to the family Zingiberaceae.
As per latest study released by AMA Research, the Global Ginger Root Extract market is expected to see growth rate of 4.35%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
More Focus on Natural Products by the Consumers
Market Growth Drivers:
Health Benefits of Ginger is Fuelling the Market Growth and Wide Range of Application of Ginger Extract
Challenges:
Low Shelf Life of Products Containing Ginger
Restraints:
Limited Availability of Ginger Roots may Hamper the Market
Opportunities:
Improved Farming Techniques in Some Regions and Availability of Cheap Raw Source for Ginger
Competitive Landscape:
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.
Some of the key players profiled in the report are Nutragreen limited (France), Arjuna natural extract LTD. (India), Apex biotech limited (Taiwan), Ginger Dragon Ltd (United Kingdom), Lotioncrafter (United States), SABAI AROM (Japan), MakingCosmetics Inc. (United States), Davidia Healthtech_LLC (United States), PureBulk (United States) and Now Foods (United States). Additionally, following companies can also be profiled that are part of our coverage like WILD Flavors and Specialty Ingredients (Germany) and Changsha Herbal Ingredient (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Ginger Root Extract market by 2030. Considering Market by Nature, the sub-segment i.e. Organic will boost the Ginger Root Extract market. Considering Market by Form, the sub-segment i.e. Oil will boost the Ginger Root Extract market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Ginger Root Extract market.
Latest Market Insights:
In October 2022, Kerry Group, a global food ingredients company, partners with Bio-Spice, a Vietnamese ginger extract producer, to expand its sourcing capabilities in Southeast Asia.
In June 2021, Dohler, a natural ingredients supplier, collaborated with Ingredion, a starch and sweetener company, to develop new functional food solutions using ginger extract.
What Can be Explored with the Ginger Root Extract Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Ginger Root Extract Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Ginger Root Extract
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ginger Root Extract market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ginger Root Extract market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw material suppliers, Government associations, Research organisations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.