Global Ginger Market to Reach US$5.7 Billion by 2030
The global market for Ginger estimated at US$4.4 Billion in the year 2024, is expected to reach US$5.7 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2024-2030. Fresh, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$2.3 Billion by the end of the analysis period. Growth in the Dried segment is estimated at 4.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 7.7% CAGR
The Ginger market in the U.S. is estimated at US$1.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Global Ginger Market - Key Trends & Drivers Summarized
What Is Driving the Growing Demand for Ginger Worldwide?
The global ginger market is experiencing substantial growth as consumers and industries increasingly recognize ginger’s versatile uses and health benefits. Traditionally used as a culinary spice, ginger is also popular in the health and wellness sectors for its anti-inflammatory and antioxidant properties. With rising health consciousness, demand for natural and functional ingredients like ginger has soared, particularly in the dietary supplements and natural remedies markets. Moreover, the food and beverage industry is tapping into ginger’s appeal as an ingredient in various products, ranging from teas and beverages to snacks and sauces, further broadening its market reach. In particular, the surge in interest in immunity-boosting ingredients following the COVID-19 pandemic has propelled ginger into the spotlight as a sought-after ingredient for consumers aiming to strengthen their health defenses.
Why Is the Trend Toward Organic Ginger Gaining Momentum?
In response to increasing awareness of food safety and environmental concerns, organic ginger has seen rising demand. Consumers are increasingly interested in organically grown products, free from pesticides and synthetic additives, which aligns with the broader trend toward clean-label products. Organic ginger, produced in countries like India and China, is especially popular in North America and Europe, where regulations and consumer preferences favor sustainably sourced, organic ingredients. The premium price associated with organic ginger reflects its perceived benefits, supporting growers and exporters in regions where ginger cultivation is a primary agricultural activity. This shift has prompted producers to adopt organic farming practices, resulting in expanded organic-certified farming operations to meet the growing demand.
How Are Technological Advancements in Farming and Processing Transforming the Market?
Technological advancements in ginger farming and processing are playing a crucial role in meeting the increasing global demand. Improved irrigation techniques, pest control, and precision farming are boosting ginger yields, particularly in leading ginger-producing regions like India, China, and Nigeria. On the processing side, modern dehydration and extraction technologies allow for a longer shelf life and the development of diverse ginger products, including oils, powders, and extracts. The development of these processed products appeals to manufacturers in the food, beverage, and cosmetics industries, where ginger’s concentrated forms are highly valued for easy incorporation into various formulations. Enhanced distribution networks, including cold chain logistics, further support ginger’s global supply chain, ensuring that products remain fresh and potent from farm to market.
What Drives the Growth of the Global Ginger Market?
The growth in the ginger market is driven by several factors, including rising consumer demand for natural health products, the shift toward organic produce, and technological advancements in farming and processing. Increased awareness of ginger’s health benefits, particularly for immunity support, has driven its popularity in functional foods, beverages, and supplements. The organic ginger segment is expanding, fueled by demand from health-conscious consumers in regions with strict organic regulations. Technological innovations are enhancing both yield and processing efficiency, ensuring a stable supply of ginger in various forms to meet diverse industry needs. Additionally, improved distribution and supply chain strategies, such as cold chain logistics, have enabled producers to reach international markets more effectively, contributing to the ginger market’s robust growth trajectory.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
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APRIL 2025: NEGOTIATION PHASE
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