Ginger Extract Market Size, Share & Analysis | Forecast 2031

Report Description

Ginger Extract Market Outlook 2031

The global Ginger Extract Market size was USD 1.15 Billion in 2022 and is likely to reach USD 1.67 billion by 2031, expanding at a CAGR of 5.2% during 2023–2031. Rising demand for naturally grown ingredients in various sectors and expanding awareness about the diverse benefits of ginger extracts fuel the market.

Growing consumer awareness about the benefits of using products derived from natural extracts is boosting the market. Ginger extracts offer several benefits for individuals, ranging from personal care to health needs. The market is likely to exhibit substantial growth over the assessment period, due to the growing dependence on natural and organic ingredients that are alternatives to artificial chemicals in the pharmaceuticals, food & beverages, personal care, and several other sectors.

• A new clinical study, published in October 2023, revealed that high-potential ginger extracts mitigate menstrual cramps. Ginfort, an award-winning wholly natural extract, developed by DolCas Biotech, LLC, exhibited abilities to significantly reduce the severity of menstrual cramping and other related symptoms in healthy women, who have recurring dysmenorrhea.

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The research report finds that the COVID-19 pandemic fueled the ginger extract market, owing to the demand for natural supplements and remedy solutions for improving immunity during the pandemic. The awareness about ginger extract benefits sharply rose through digital media during the pandemic.

Population across the globe resorted to home-based remedies to strengthen the body’s ability to fight fever, cold & cough, and other factors. Ginger derivatives are considered to be popular immunity boosters in traditional medicine in several countries. All of these factors led to the growth in demand for ginger extract during the pandemic, which sustained significantly, post COVID-19.

Impact of Artificial Intelligence (AI) on the Ginger Extract Market

AI is expected to support the market during the forecast period, due to the growing use of extraction technology tools in several sectors. These technologies are expected to become highly efficient in extracting active elements from plants.

AI smart extraction tools are expected to be key tools in drug discovery from medicinal plant extracts. The technology is likely to cut down the costs and time required for the extraction process while improving the quality of the final product.

Ginger Extract Market Dynamics

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Major Drivers

Increasing use of ginger extract in the food & beverages sector is one of the propelling factors in the market. Several food products, including gravies, sauces, marinades, and pickles, contain ginger extracts. Ginger is usually rich in flavor, leaning towards a spicy flavor profile, which makes it suitable to include in different food products.

Furthermore, ginger extracts are being highly adopted in developing functional beverages with nutritional and antioxidant properties. These health drinks made with ginger extracts and other spices fulfill consumers’ taste needs while also lowering serum cholesterol levels. The regular consumption of these functional beverages prevents different diseases, including coronary heart disease.

• In March 2022, Tera Food and Beverage Co Ltd, a leading producer of preservative-free health drinks based in Thailand, launched two new herbal beverages, QminC Ginger with Honey and QminC Finger Root with Honey. These drinks were developed with the aim of meeting the demand of health conscious consumers for products extracted from natural herbs

Existing Restraints

Limited shelf life of the products made using ginger extracts is likely to restrain the market in the coming years. The appearance, smell, and texture of the products begin to change once the ginger quality is past its best. The side effects associated with an overdose of ginger affect the growth of the market.

More than 6 gram consumption of ginger a day is likely to result in the occurrence of certain side effects associated with the overdose. Some of the side effects are gastrointestinal issues such as heartburn, reflux, and diarrhea.

Emerging Opportunities

Increasing demand for herbal medicines, natural products, and nutraceuticals is expected to fuel opportunities in the market in the coming years. Health conditions such as nausea, colds, arthritis, hypertension, and migraines are commonly treated with ginger derivatives in several nations in Asia Pacific.

Pharmaceutical manufacturers are increasingly utilizing ginger extracts to develop various medicinal products. The low side effects and non-toxicity of natural medicine are attracting medical practitioners and patients to utilize them for various disease treatments.

• According to a study published by the National Institute of Health (NIH) in 2013, ginger is widely known for its anticancer potential. Functional ingredients present in ginger, including shogaol, gingerols, and paradols, are essential ingredients that are used to mitigate various types of cancer.

Scope of the Ginger Extract Market Report

The global market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Ginger Extract Market Segment Insights

Type Analysis

Based on type, the ginger extract market is divided into natural and organic. The organic segment is anticipated to hold a major revenue share of the market during the projection period, owing to increasing awareness about the health benefits of organically grown produce.

Rising organic farming adoption has boosted the availability of organically produced ginger in the market. Therefore, this is expected to support various end-user industries in meeting their raw material needs, to fulfill the growing consumer demand for organic products.

The natural segment is anticipated to demonstrate rapid growth in the market, owing to its affordability and ease of sourcing. The naturally grown ginger is sourced in large volumes, as traditional farming is still a widely implemented method across the globe. According to recent studies, India and China are the largest growers of ginger and leading producers of dry ginger globally.

• According to the study published in 2020, the global production of ginger amounted to 4.3 million tons. India constituted the largest share of this production, which stood at 43% of the global total. Nigeria, Nepal, and China also accounted for a substantial production share in that year.

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Form Analysis

On the basis of form, the global market is bifurcated into liquid and powder. The powder segment held the majority share of the market in 2022 and is projected to expand further during the forecast period.

The segment is driven by the high demand for powdered ginger extracts in various end-user industries, including the food & beverage industry. The powdered form is commonly used as a flavoring agent, spice, garnishing ingredient, medicine, and preservative for food products.

The liquid segment is expected to hold key revenue shares in the market during the assessment period, owing to the rising use of ginger oil in pharmaceuticals, cosmetics, and personal care products. Liquid ginger form is increasingly being used for wide applications as a natural ingredient in several products, due to the surging demand for natural alternatives to artificial chemicals.

End-user Industry Analysis

Based on end-user industry, the ginger extract market is segmented into food & beverages, cosmetics, personal care, animal feed, pharmaceuticals, nutraceuticals, and others. The food & beverages segment is expected to expand at a robust CAGR in the coming years, owing to the growing consumer preference for healthy and minimally processed food products with natural ingredients.

The increasing development of various beverages with add-on health value is further propelling the demand for ginger extracts from the food & beverages industry.

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Regional Outlook

In terms of region, the global ginger extract market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia Pacific is expected to dominate the global market during the projection period, owing to the large production of ginger extract in this region.

Countries such as India, China, Indonesia, Myanmar, and Nepal have a significant presence of ginger extract producers. This, consequently, supports effectively meeting the growing demand from various industries. Increasing export of ginger extracts and their derivatives is projected to propel the market in the coming years.

• As per the study published by the Observatory of Economic Complexity, in 2021, exports of ginger in China were worth USD 649 Million, making it the largest global exporter of ginger. The key ginger export destinations of China are the Netherlands, Japan, the US, the UK, and Pakistan.

The market in North America is projected to witness rapid growth during the forecast period, due to the increasing applications of ginger extracts in various industries, including food & beverages and cosmetics & personal care.

Rising consumer demand for natural/organic products and increasing development of diverse products with the use of natural ingredients are driving the growth of the market in this region. Growing organic farming and adoption of advanced technology solutions for extraction are likely to expand market in the region.

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