COVID-19 Impact On Ginger Extract Market Size, Share, Trends Analysis Report by Product, Application by 2025

 Market Highlights

Global Ginger Extract Market is estimated to be valued at USD 1,320.3 Million by 2025, registering a CAGR of 5.1% during the forecast period. Ginger extract is a substance extracted from ginger; it contains a number of phenolic compounds.    

Asia-Pacific was the largest market for ginger extract in 2018, and the region is expected to continue to dominate the global market during the review period. The rapid growth of the food & beverage industry in developing countries such as China and India and the increasing demand for natural ingredients is projected to boost the growth of the Ginger Extract Market Size.

Segmental Analysis

The global ginger extract market has been segmented on the basis of category, form, application, and region.

By category, the market has been divided into organic and conventional. The conventional segment accounted for a larger market share in 2018. Conventional ginger extract is derived from ginger grown using conventional farming practices. Owing to the low adoption of organic farming practices in several developing nations, the conventional segment accounts for the larger revenue share. However, organic segment is projected to exhibit higher CAGR during the forecast period.

Based on the form, the market has been segmented into powder and liquid. The powder segment accounted for the larger market share in 2018 due to the high consumption of ginger powder extract as a flavoring ingredient in gingerbread, cookies, crackers, cakes, ginger ale, and ginger beer, among other applications. However, the liquid segment is projected to exhibit a higher growth rate during the review period owing to the increasing preference for ginger oil extract in the food industry as it is stable, contamination-free, and clean.

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Regional Analysis

Asia-Pacific accounted for the largest market share of 34.5% of the global ginger extract market in 2018. Asia-Pacific is home to the top ginger producing countries in the world—China, India, Nepal, and Thailand. China accounted for the majority market share of 30.56% in 2018 and the country-level market is projected to grow at a significant rate during the forecast period. 

Key Players

The Prominent Players operating in the Global Ginger Extract Market include Archer Daniels Midland Company (US), International Flavors & Fragrances Inc. (US), Flavex Naturextrakte GmbH (Germany), Inner Natural Ingredients Inc. (China), Naturex SA (France), Hornsea Sunshine Biotech (China), Greenutra Resource Inc (China), KANEGRADE (UK), Naturalin Bio-Resources Co., Ltd (China), and Nutra Green Biotechnology Co., Ltd (China).

The players operating in the global ginger extract market are focusing on product launches, acquisitions, and strengthening their footprints across the globe.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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