Ginger Extract Market Research Future Insights
The Global Ginger Extract Market is estimated to be worth USD 1.53 Billion by 2030, registering a 5.4% CAGR during the forecast period (2022- 2030).
Ginger extract is a common food additive applied in the production of several condiments, juices, and alcoholic beverages. It has been used for thousands of years globally due to its medicinal properties. It is generated from the dried root of the ginger plant. It holds healthy nutrients like vitamin C, magnesium, potassium, and fiber which are necessary for the human body’s function. Ginger extract is a concentration of the active compounds found in ginger. It’s utilized for flavoring and medicinal purposes, with anti-inflammatory properties.
Ginger extract is applied for treating gastrointestinal disorders. Ginger has been extensively known as an antiemetic (prevents vomiting) and antispasmodic agent, which can aid relieve symptoms of many stomach conditions such as nausea, morning sickness, colicky abdominal pain, etc. It also assists to calm the digestive system in cases of delayed gastric emptying. It can also be used as an antiseptic or mouthwash during tooth extraction procedures to restrain bleeding. It is applied as a flavoring agent in various products such as bakery products, confectioneries, and desserts, sauces and condiments, beverages (alcoholic or non-alcoholic), dairy products. Due to ginger’s antibacterial properties, it has been used traditionally as a food preservative along with other spices like garlic oil, etc.
The growth in the Global Ginger Extract market is ascribed to the increasing demand for natural products and augmented usage across various applications. In addition, growing awareness about the health benefits of ginger extracts will further propel the demand over the forecast period.
The Global Ginger Extract Market report provides an integrated evaluation of the market. The report provides a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a significant role in the market.
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Regional Analysis
The Global Ginger Extract Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The biggest share in the global market has been held by the Asia-Pacific region owing to the presence of several ginger-producing nations like Thailand, Nepal, India, and China. Out of these nations, China esteems for the largest market share of approximately 30.56%.
The second-largest share of ginger extract in the worldwide market has been held by the European region as notable countries like the Netherlands, Germany, the U.K. are the top importers of ginger extracts.
The third-largest market share in the worldwide market has been held by the North American region owing to surging demand for personal care, pharmaceutical and nutraceutical, and food and beverages which are natural health-benefiting ingredients succeeded by the Latin American region.
Market Segmentation
The Global Ginger Extract Market is segmented into the following types;
By Category
By Form
By Application
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Key Players
The Global Ginger Extract Market’s prominent key players are Archer Daniels Midland Company (U.S.), International Flavours and Fragrances Inc. (U.S.), Flavex Naturextrakte GmbH (Germany), Inner Natural Ingredients Inc. (China), Naturex SA (France), Hornsea Sunshine Biotech (China), Greenutra Resource Inc. (China), KANEGRADE (U.K.), Naturalin Bio-Resources Co. Ltd (China), Nutra Green Biotechnology Co. Ltd (China).
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