About Ginger
Ginger is originated in the Indian subcontinent, it is a plant with leafy stems and various colored flowers. It has a pungent smell which gives the option for spice in cooking. It is native to warmer parts of Asia, such as China, Japan, and India, but currently is being grown in parts of South American and Africa too. It is also now grown in the Middle East to be used as medicine and in food. Ginger is believed to have many medicinal properties and also helps in staying healthy. It comes in various colors, shapes and sizes, the flowing ginger plant looks like a shell, a cluster of flowers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Ginger 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.
Yummy Food Industrial Group (China), Monterey Bay Spice Company (United States), Archer Daniels Midland Company (United States), Buderim Group Limited (Australia), Atmiya International (India), Sun Impex International Foods LLC (UAE), Indian Organic Farmers Producer Company Limited (India) and SA Rawther Spices (P) Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ginger market by Type (Yellow Ginger Root, Baby Ginger, Blue Hawaiian Ginger Root and Others), Application (Soups and Sauces, Bakery Products, Non-Alcoholic & Alcoholic Beverages, Confectionery, Snacks and Others) and Region.
On the basis of geography, the market of Ginger 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 Form, the sub-segment i.e. Fresh will boost the Ginger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Vegetable Shop will boost the Ginger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Application of Giger in Many Medicinal Products and Increasing Use of Ginger for Production of Various Food Ingredients
Market Growth Drivers:
Increasing Awareness about Health Across the World and Demand for Herbs for Tastes in Food Products and Beneficial for Health
Challenges:
Regulatory Norms in Export and Import on Ginger Products
Restraints:
Risk of Natural Calamities and other Environmental Hazards on Ginger Plantation
Opportunities:
Rising Demand for Ginger Across the Developing Regions and increased Spendings on Agricultural Activities and Products
Market Leaders and their expansionary development strategies
In August 2023, BharatRohan Airborne Innovations Private Limited, a provider in agri-tech drone services, has announced a partnership with the Smart Village Movement. This collaboration is set to modernise ginger farming in Meghalaya, by reducing their crop losses and improving their income and livelihoods. The project will leverage advanced drone-based hyperspectral imaging and data-driven insights, ensuring affordability for smallholder farmers.
In August 2023, Agrumaria Reggina, an Italian company specializing in providing fruit-based flavor solutions for the F&B industry, has launched Natural Spark, a premium portfolio of fruit and botanical extracts.
The apex regulator FSSAI, in order to improve the quality standards of spices, came out with gazette regulations for spices and other condiments and further amendments and notified them for implementation. It shall have characteristic taste and flavour free from musty odour or rancid or bitter taste. It shall be free from mould, living and dead insects, insect fragments, and rodent contamination. The product shall be free from added colouring matter. Extraneous matter- should not more than 1.0 per cent by weight, Moisture should not more than 12.0 per cent by weight, Total ash on a dry basis, its should not be bleached more than 8.0 per cent by weight etc."
Key Target Audience
Ginger Grower, Ginger Distributors and Suppliers, Ginger International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers 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.