Health Benefits Drive Global Surge in Ginger Powder Demand

Ginger Powder Market Poised for Robust Growth Across Global Regions

The global ginger powder market is on a trajectory of significant expansion, with projections indicating a rise from $2.42 billion in 2023 to nearly $4.03 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.5%. This growth is driven by increasing consumer awareness of ginger's health benefits and its versatile applications across various industries, including food processing, pharmaceuticals, beverages, and personal care.

Competitive Landscape

The ginger powder market is characterized by the presence of several key players striving to meet the rising global demand. Companies such as Archer Daniels Midland Company, International Flavors & Fragrances Inc., and Naturex SA are at the forefront, focusing on product innovation, strategic partnerships, and expanding their global footprint to strengthen their market positions.

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Mergers, Acquisitions, and Key Developments

The ginger powder industry has seen strategic mergers and acquisitions aimed at enhancing production capacities and expanding market reach. For instance, Archer Daniels Midland Company acquired WILD Flavors, bolstering its natural ingredient portfolio, including ginger derivatives. In the Asia Pacific region, Naturex SA expanded its operations by partnering with local producers to ensure a sustainable supply chain. These strategic moves underscore the industry's commitment to meeting the growing global demand for ginger powder.

Regional Insights

Ginger Powder Growth in the United States

In the United States, the demand for ginger powder is experiencing a notable surge, driven by a growing preference for natural and organic food products. The U.S. stands as a significant importer of ginger powder, with 11,137 shipments recorded, underscoring the nation's substantial consumption. The increasing incorporation of ginger powder in health supplements and functional foods further propels market growth in this region.

Ginger Powder Opportunities in Asia Pacific

The Asia Pacific region, particularly countries like China and India, dominates the ginger powder market. These countries are not only leading producers but also major consumers, thanks to the ingrained use of ginger in traditional cuisines and medicinal practices. The region's expanding middle class and heightened health consciousness contribute to the escalating demand for ginger powder.

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Ginger Powder Market segmentation :

by Product

Black Ginger Powder

Yellow Ginger Powder

The ginger powder market has been separated into two segments based on type: black and yellow. The black ginger subsegment is anticipated to produce the most income out of all of these. The subsegment with the largest market share was black ginger. The herbaceous plant known as black ginger, Kaempferia parviflora, is indigenous to Thailand and belongs to the Zingiberaceae family. For more than a millennium, the traditional herbal system has used black ginger, an adaptogen. More scientific attention has been paid to it lately. People are always surprised by its black color. Black ginger's polymethoxyflavones increase energy production by activating myoblasts' AMP-activated protein kinase (AMPK). Therefore, it has been suggested that AMPK activation enhances fat metabolism, muscle endurance, and physical fitness performance. Additionally, it encourages performance in physical fitness.

by Application

Food and Beverages

Pharmaceutical

Bakery and Confectionery

Personal Care and Cosmetics

Others

The market has been segmented by application, including bakery and confectionery, personal care and cosmetics, pharmaceuticals, food and drinks, and others. The subsegment of food and beverages is anticipated to provide the most income out of all of them.

The subsegment with the largest revenue in 2023 was food and beverages. Due to its extensive use in bakeries, confections, and other products, ginger powder is becoming more and more in demand in the food business, which is responsible for this market expansion. Additionally, the growing number of health-conscious individuals using health supplements to treat a variety of illnesses may increase demand for the market analysis of ginger powder and its subsegment.

by Distribution Channel

Online Retail

Supermarket and Hypermarket

Speciality Store

Convenience Stores

Others

The market has been segmented into specialty retailers, convenience stores, supermarkets and hypermarkets, online retail, and others based on distribution channels. The supermarket and hypermarket subsegment is anticipated to produce the most revenue out of all of these. Due to the wide variety of products available, the supermarket and hypermarket subsegment of the ginger powder market had the largest market share in 2023. Customers now have an easier time buying because to these stores' improvements. The bargains and discounts that supermarkets offer also draw customers. The market trend for ginger powder has grown as a result of consumers finding it very convenient to buy from supermarkets and hypermarkets.

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Learn about the top players driving innovation in the Ginger Powder Market :

1. Vinayak Ingredients India Pvt. Ltd.

2. Frontier Co-op

3. Everest

4. Indian Organic Farmers Producer Co. Ltd.

5. Oregon's Wild Harvest

6. Anthony's Goods

7. The Synergy Company

8. Organic India

9. Blue Lily Organics

10. Terrasoul Superfoods

11. Others

Get answers to critical questions shaping the Ginger Powder Market

What is Ginger Powder ?
What is the growth rate of the Ginger Powder Market?
Which are the factors expected to drive the Ginger Powder market growth?
What is the CAGR at which the Ginger Powder market will grow during the forecast period?
What are the different segments of the Ginger Powder Market?
Which is the fastest growing region in the Ginger Powder market?
What growth strategies are the players considering to increase their presence in Ginger Powder ?
What are the upcoming opportunities and trends for the Ginger Powder Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Ginger Powder Market?
Who are the leading companies and what are their portfolios in Ginger Powder Market?
What segments are covered in the Ginger Powder Market?
Who are the key players in the Ginger Powder market?

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Get a closer look at the game-changing products driving success :

Past Size and Competitive Landscape

• Past Pricing and price curve by region

• Size, Share, Size Forecast by different segment

• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region

• Segmentation A detailed analysis by segment with their sub-segments and Region

• Competitive Landscape Profiles of selected key players by region from a strategic perspective

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