Zingiberaceae is a family of plants that includes the spice ginger. It is a great source of iron, magnesium, manganese, potassium, selenium, vitamin B6, dietary fiber, and vitamin E (alpha-tocopherol). Ginger is a fragrant and aromatic spice that gives many foods a unique flavor. For generations, Asian cuisines have utilized ginger as a staple ingredient. Ginger’s pungent scent is mostly caused by the ketones it contains, particularly gingerols, which are important for its culinary and medicinal uses. Gingers can be artificially processed into a variety of forms, such as paste, oil, and powder, to increase their shelf life. Ginger processing involves a few fundamental stages, such as harvesting, washing, drying, and packing.
According to SPER market research, ‘Ginger Processing Market Size- By Form, By End User, By Distribution Channel- Regional Outlook, Competitive Strategies, and Segment Forecast to 2033’ state that the Ginger Processing Market is predicted to reach USD 1.257 Billion by 2033 with a CAGR of 10.38%.
Drivers
The reasons behind the expansion of the ginger market are changes in lifestyle, urbanization, population growth, and health consciousness. One of the things driving the expansion of the ginger market is the increased demand for ginger in the culinary industry. The need for dietary supplements is rising, which is another reason driving the ginger market’s expansion. In herbal medicine, ginger is becoming more and more popular. In addition, the demand for natural and herbal goods is anticipated to fuel the worldwide ginger market’s expansion. The demand for the ginger market has increased as a result of the launch of many beverages flavored with ginger.
Challenges
Numerous obstacles might hinder the ginger processing market’s ability to thrive in the upcoming years. The quality and availability of raw materials is one of the major obstacles. Since ginger is mostly grown in tropical climates, variations in the weather and natural disasters might have an impact on the crop’s yield, which could result in a lack of raw materials. Furthermore, the finished ginger products may vary in quality due to variances in the quality of the raw components. The rivalry from other herbs and spices, which can occasionally be used in place of ginger, presents another difficulty. Certain nations have complicated and difficult regulatory frameworks that place tight restrictions on the growing, processing, and exporting of ginger products.
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Impact of COVID-19 on Global Ginger Processing Market
The global pandemic has had a beneficial effect on the expansion of the ginger market.
The WHO states that there is no known medical therapy for COVID-19, however, ginger is a natural remedy that strengthens the immune system and treats illnesses like the common cold and the flu. It is solely manufactured in the Asia Pacific area, and when it is supplied to other nations, trade obstacles cause supply chain disruption and price fluctuations.
Ginger Processing Market Key Players & Prominent Regions
Prominent participants in this industry include Green Nutra, Honsea, Inner Natural, Kangdao, Lincao, Lvli, Natural Ex, Pioneer Herb, Pure Source, World Way, and others. These key players contribute significantly to the sector, leveraging their expertise to shape and influence market dynamics. Prominent Regions covered are Asia-Pacific, Europe, Middle East and Africa, North America, Latin America, and Others.
Global Ginger Processing Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Form: Based on the Form, Global Ginger Processing Market is segmented as; Ginger Powder, Ginger Oil.
By End Use: Based on the End Use, Global Ginger Processing Market is segmented as; Cosmetic Industry, Pharmaceutical Industry, Food Industry Others.
By Distribution Channel: Based on the Distribution Channel, Global Ginger Processing is segmented as; Speciality Food Stores, Supermarkets & Hypermarkets, Convenience Stores, Online, Others
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Ginger Processing Market Future Outlook
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