COVID-19 Impact On Ginger Extract Market Share, Opportunity, Segmentation, Forecast To 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. It is widely used for its flavoring and medicinal properties in various industries.        

Europe market accounted for a significant share in 2018 of the global Ginger Extract Market Share. European countries including the UK, Germany, and the Netherlands are among the top importers of ginger. Healthy living is an important trend in Europe which is projected to boost the sales of ginger extract in the coming years.       

Ginger extract is available in several forms including powder, liquid, and paste. The use of ginger extract is increasing rapidly in ready-to-eat food products. Ginger paste is especially gaining traction among food manufacturers. The ginger extract also finds application in several non-alcoholic beverages. Herbal tea infused with ginger is widely preferred across the globe. 

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.

Access Report Details @ https://www.marketresearchfuture.com/reports/ginger-extract-market-8813

Key Players

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

Key Findings of the Study

The Global Ginger Extract Market is expected to register a growth rate of 5.1% from 2019 to 2025.

The pharmaceuticals & nutraceuticals segment is estimated to register the highest growth rate of 5.4% during the forecast period.

On the basis of category, the conventional segment is expected to hold a larger market share during the forecast period.

Regional Analysis

Geographically, the global ginger extract market has been segregated into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Asia-Pacific accounted for the dominant share of the global market in 2018 with China being the major consumer of ginger extract. The European ginger extract market also accounted for a significant share in 2018. 

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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