Ginger Market to grow at a CAGR of 7.9% during 2024-2028
The Ginger Market is expected to grow at a CAGR of 7.9% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3768.1 million. In the beverage industry, ginger beer stands out as a health-conscious option due to its unique composition and associated health benefits. The primary ingredient, ginger root, has been utilized in culinary and medicinal applications for centuries. Gingerol, an active compound found in ginger root, is responsible for its distinct aroma and is a rich source of minerals such as magnesium, manganese, potassium, copper, and vitamin B6. Ginger beer offers several health advantages, including alleviating nausea and enhancing digestion, reducing cancer risk, providing anti-inflammatory benefits, and exhibiting anti-bacterial properties. Moreover, it contributes to slowing down the signs of aging and promoting mental health. These health benefits distinguish ginger beer from typical refreshing beverages and are expected to fuel its demand, consequently driving growth in the global ginger market during the forecast period.
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Technavio analysts predict that the Fresh ginger subsegment will lead the Product Type segment during 2024 and 2028 As a seasoned virtual assistant, I am pleased to provide insights into Ginger Market's business operations. This dynamic enterprise specializes in sourcing and supplying high-quality ginger root. Our rigorous quality control ensures only premium ginger is distributed to clients, maintaining consistency and meeting their expectations. We pride ourselves on our efficient supply chain, ensuring timely delivery and fostering long-term business relationships. Ginger Market's commitment to excellence sets us apart in the competitive marketplace.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish perceived health benefits associated with ginger oil
Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report
Ginger, a tropical perennial herb, is a versatile ingredient known for its unique flavor and aroma in the Food and Snacks industry. Buderim Ginger, a leading ginger brand, is renowned for its ethical and sustainable farming practices, ensuring natural and high-quality ginger extracts and value-added products. The subterranean rhizome of this ginger plant is rich in bioactive components, including antioxidant properties, antiemetic properties, and anti-inflammatory properties. Buderim Ginger's natural products are freeze-dried to preserve their potency and maintain the clean label ingredient status. These extracts are widely used in the Food and Beverages industry as a clean label ingredient, adding natural flavors and aromas. The medicinal root is also used in the production of dietary supplements and natural health products due to its physiological and pharmacological effects. Ginger extracts are also used as clean label ingredients in various industries, including food and beverages, due to their antioxidant properties and unique flavor profile. The extracts are also used in the production of medicinal products due to their antiemetic, anti-inflammatory, and antioxidant properties. The versatile ingredient is also used in the production of spices, adding a unique and spicy flavor to various dishes.
In the agricultural products and services sector, businesses operate within the food and non-food categories, encompassing agriculture, aquaculture, floriculture, and horticulture. Pre-production activities are a crucial aspect of this market, involving strategic decisions such as crop or species selection and comprehensive land or pond preparation to ensure optimal growing conditions. These processes lay the groundwork for successful cultivation and value addition in the agricultural value chain. Agriculture encompasses the production of various crops, including vegetables, fruits, oilseed crops, beverage and spice crops, medicinal and aromatic plants, and fodder crops. Aquaculture, on the other hand, focuses on farming aquatic plants and animals, including crustaceans, diadromous fish, freshwater fish, marine fish, and mollusks. Pre-production processes are essential in setting the stage for the subsequent stages of value addition, such as harvesting, processing, and distribution.
The Ginger Market is experiencing significant growth, fueled by the perceived health benefits associated with ginger oil. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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