ID: MRFR/F-B & N/7341-CR | March 2020 | Region: Global | 110 pages
A various number of phenolic compounds that contain special properties like anti-inflammatory properties, antineoplastic properties, and antioxidant properties have been found in the ginger extract. Owing to these properties, ginger extract is widely used in pharmaceutical and nutraceutical industries, and in the food and beverage segment for adding additional medical properties and flavor. Now, due to the growing concern about health among the customers, most of them prefer ginger-infused carbonated drinks and food. These factors also help in the growth of the ginger extract market in the global market.
The ginger extract global market is expected to grow at a high CAGR of about 5.1 % to account for a larger market value of approximately USD 1,320.3 million in the global market by the end of the forecasted period from 2017 to 2025.
COVID 19 Analysis
The situation of the global pandemic of COVID 19 has affected the normal lives of the people adversely. With the growing outbreak of COVID 19, one has to deal with financial crises along with health issues. This global pandemic has pushed the economies towards forced recession. Not only this but during the lockdown period and post-lockdown period, most of the manufacturing units were shut down which lead to low ginger extract production which resulted in a steep downfall of revenues along with the profit margin.
However, it is expected that the market will recover from this global pandemic of COVID 19 at the end of the second quarter of the coming year during the forecasted period in the global market.
The ginger extract market is growing tremendously in the global market owing to the increase in the consumption of dietary supplements in the global market. Moreover, another factor that drives the growth of the global market is that it is widely used in the production of food items that are ready-to-eat and hence can be used while traveling to longer distances. Another factor that boosts the growth of the market is its use in various beverages which are generally ginger-infused and they are also good for health.
The ginger extract market is growing at an accelerating rate in the global market and is expected to grow even further in the global market during the forecasted period from 2017 to 2025. Owing to the shift in customer’s tastes and preferences there is a high scope of growth in the the global market as people are more concerned about their health and prefer organic food and beverages in their diets to sustain a healthy life. Also, it helps in increasing the immunity of the body which is needed very much during the pandemic situation.
The ginger extract market is growing rapidly in the global market but some factors restrict the growth of market, one of them is that it is highly dependent on climatic conditions for the production of ginger which keeps on fluctuating which hampers the growth of market. Also, the lack of awareness related to ginger extracted products is another that restricts the growth of the market in the global market.
Value Chain Analysis
The ginger extract market is growing at an alarming rate in the global market owing to its various benefits associated with the ginger extracts as it helps in reducing skin irritation, it also helps in reducing pain especially in women. The ginger extract is also observed to protect the body against cancer and helps in looking younger than the actual age. The ginger extract-infused beverages are usually consumed for quicker digestion and are mostly consumed after a meal.
The global market has been divided based on category, form, and application.
Based on the Category
The global market has been divided based on the category into the organic market and conventional market.
Based on the Form
The global market has been divided based on the form into powder form and liquid form.
Based on the Application
The global market has been divided based on the application into food and beverages, pharmaceuticals and nutraceuticals, personal care, and many others. The largest market share in the application dividend is held by the food and beverages dividend as it is widely used in the production of beer mixes, still drinks, baked products, confectionery products, carbonated soft drinks, energy drinks, tea beverages, syrups, and ice cream. Pharmaceuticals and nutraceuticals are also expected to grow at a fast pace during the forecasted period.
The ginger extract market in the global market has been divided based on the region into Asia-Pacific region, North American region, European region, and the rest of the world. The largest share in the global market has been held by the Asia-Pacific region owing to the presence of various ginger-producing countries like Thailand, Nepal, India, and China. Out of these countries, China accounts for the largest market share of approximately 30.56%.
The second-largest share in the ginger extract the global market has been held by the European region as the major countries like the Netherlands, Germany, the U.K. are the top importers of the ginger extracts. The third-largest market share in the global market has been held by the North American region owing to increasing demand for personal care, pharmaceutical and nutraceutical, and food and beverages which are natural health-benefiting ingredients followed by the Latin American region.
The most prominent major key players in the ginger extract the global market are as follows:
These major key players in the ginger extract market use different strategies and policies to attract the large customer size in the potential market by doing a collaboration, joint ventures, development of a new product, innovation in the production process, mergers and acquisitions, and partnership during the forecasted period.
This global ginger extract market research report consists of the following elements:
This global ginger extract market research report consists of various factors that drive the ginger extract global market along with the factors that restrict its growth in the global market. This report also contains various opportunities available in the ginger extract market during the forecasted period. The impact of the global pandemic of COVID 19 is also mentioned. The future growth rate in the ginger extract global market is estimated and mentioned.
Ginger extract manufacturers, food and beverage manufacturers, pharmaceutical industry, personal care industry, traders, wholesalers, and distributors, government bodies, associations, and industrial bodies, investors and traders, and many others.
Frequently Asked Questions (FAQ) :
It is expected that the ginger extract market will grow at a high CAGR of approximately 5.1 % in the global market during the forecasted period.
The ginger extract market is expected to account for a higher market share of approximately USD 1320.3 million in the global market by the end of the forecasted period from 2017 to 2025.
Nutra Green Biotechnology Co., Ltd (China), Naturex SA (France), Hornsea Sunshine Biotech (China), and many others are the most prominent major key players in the ginger extract market in the global market.