Global Ginger Extract Market - Global Demand, Sales, Consumption and Forecasts to 2026
Summary - A new market study, titled “ Global Ginger Extract Market - Global Demand, Sales, Consumption and Forecasts to 2026” has been featured on WiseGuyReports.
Global Ginger Extract Market
Research Report—Forecast till 2025
Market
Overview
Global
Ginger Extract Market is accounted to register a CAGR of 5.1% to surpass USD
1,320.3 Million by 2025. An extract of the rhizome of the perennial plant
Zingier officinale that contains several different phenolic compounds, some of
which have displayed antineoplastic, anti-inflammatory, and antioxidant
activities. This ginger extract is been widely applicable in food &
beverage, pharmaceutical, and nutraceutical industries owing to its flavoring
and medicinal properties. The global ginger extract market growth is driven by
the growing consumption of dietary supplements across the globe. The rising
adoption of ginger extract in ready to eat food products is estimated to propel
the market growth during the forecast period.
The global
ginger extract market is anticipated to grow at a significant growth rate
during the review period owing to the rising use of several ginger-infused
beverages, growing adoption of ginger extract in pharmaceutical and food and
beverage sectors, and rising consumer preference for organic food and
beverages. However, the difficulties in ginger cultivations and changing
environmental conditions are expected to hinder the global ginger extract
market during the study period.
Market
Segmentation
The global
ginger extract market has been segmented into category, application, form, and
region. Based on the category the global market has been divided into organic
and conventional types. By form segment, the market has been categorized into
powder and liquid. In terms of application type, the global ginger extract
market has been segmented into Food & Beverages, Pharmaceuticals &
Nutraceuticals, Personal Care, and Others. The food & beverage segment
estimated for the largest share in 2018 and is expected to grow at a
significant CAGR to reach USD 632.3 million during the forecast period.
Regional
Analysis
Region-specific
analysis of the global ginger extract market has been segmented into North
America, Europe, Asia-Pacific, and the rest of the world.
According
to the MRFR study, Asia-Pacific evaluated for the prominent market share of
34.5% of the global ginger extract market in 2018. Asia-Pacific is home to the
top ginger producing countries in the world—China, India, Nepal, and Thailand.
China accounted for the largest market share of 30.56% in 2018 and the
country-level market is expected to lift at a significant rate during the
review period.
Europe
anticipated a significant share of the global ginger extract market in 2018 and
expected to exhibit a significant market share during the review period.
However, North America is escalated for the fastest-growing market during the
forecast period owing to the rising requirement for natural ingredients in
various industries such as food & beverages, pharmaceuticals &
nutraceutical, and personal care. Moreover, the rising demand for natural
health-benefiting ingredients in food & beverages is propelling the growth
of the South American ginger extract market, with Brazil.
Key Players
The
Prominent Players operating in the Global Ginger Extract Market include Archer
Daniels Midland Company (US), International Flavors & Fragrances Inc. (US),
Flavex Naturextrakte GmbH (Germany), Inner Natural Ingredients Inc. (China),
Naturex SA (France), Hornsea Sunshine Biotech (China), Greenutra Resource Inc
(China), KANEGRADE (UK), Naturalin Bio-Resources Co., Ltd (China), and Nutra
Green Biotechnology Co., Ltd (China).
COVID 19
Impacts
We are
continuously tracking the impact of COVID-19 pandemic on various industries and
verticals within all domains. Our research reports include the same and help
you understand the drop and rise, owing to the impact of COVID-19 on the
industries. Also, we help you to identify the gap between the demand and supply
of your interested market. Moreover, the report helps you with the analysis,
amended government regulations and many other useful insights.
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