Ginger Processing Market Growth 2023, Industry Share-Size, Technology, Emerging Trends, Business Strategies, and Opportunities With Key Players Analysis 2033: SPER Market Research
Ginger processing entails washing, sorting, grading, and packaging ginger for a variety of applications such as culinary, medicinal, and industrial. Ginger is a tropical herbaceous plant that is grown all over the world, including India, China, Indonesia, and Nigeria. Ginger has a distinct flavour and aroma, making it a popular spice in the food and beverage industries, as well as therapeutic characteristics that make it beneficial in traditional medicine. Ginger powder, ginger oil, ginger paste, and ginger beer are all items in the ginger processing sector. These items are widely utilised in the food and beverage industries, as well as the pharmaceutical and cosmetic industries.
According to SPER market research, ‘Ginger Processing Market Size- By Form, By End Use, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Ginger Processing Market is predicted to reach USD 1.257 billion by 2033 with a CAGR of 10.38%.
Several growth drivers are expected to fuel significant expansion in the ginger processing industry in the coming years. One of the primary drivers is ginger, a ubiquitous spice found in many foods. Furthermore, greater understanding of ginger’s health benefits is driving demand for ginger products, as ginger has anti-inflammatory, anti-nausea, and anti-cancer properties.
Because ginger is a common ingredient in many Asian dishes, the global appeal of Asian cuisine is driving up demand for ginger products. Furthermore, the increasing use of ginger in the pharmaceutical and cosmetic industries, as well as technological advances in ginger processing, are expected to drive the ginger processing market ahead.
Many obstacles face the ginger processing business, which may have an impact on its future growth prospects. One of the most pressing challenges is the availability and quality of raw resources. Ginger is primarily grown in tropical areas, where weather and natural disasters can affect crop production, resulting in a scarcity of raw materials.
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The COVID-19 epidemic had an unequal impact on the ginger processing industry. On the one hand, the increasing emphasis on health and wellness as a result of the pandemic has resulted in a surge in demand for ginger goods, particularly ginger supplements and teas, as individuals seek natural therapies to boost their immune systems. Furthermore, the appeal of home cooking and baking during lockdowns has increased demand for ginger as a cooking ingredient.
Geographically, Ginger processing involves several regions across the globe. The major regions involved in ginger cultivation and processing are Asia, Africa, and South America. In Asia, India, China, and Thailand are the largest ginger producers. In Africa, Nigeria, Ethiopia, and Tanzania are the major producers of ginger. South America, particularly Brazil and Peru, also produce significant quantities of ginger. These regions have a suitable climate and soil conditions that support ginger farming. Ginger processing involves several stages, such as harvesting, cleaning, drying, grading, and packaging. Additionally, some of the market key players are: Green Nutra, Honsea, Inner Natural, Kangdao, Lincao, Lvli, Natural Ex, Pioneer Herb, Pure source, World Way.
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Ginger Processing Market Future Outlook
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SPER Market Research