COVID-19 Impact On Ginger Extract Industry Trends, Challenges, Research Report, Forecast to 2025

 Market Overview

Global Ginger Extract Market is expected to register a CAGR of 5.1% to reach USD 1,320.3 Million by 2025. The ginger extract contains a number of phenolic compounds, some of which have displayed antineoplastic, anti-inflammatory, and antioxidant properties. This has led to the widespread use of ginger extract due to its flavoring and medicinal properties in the food & beverage, pharmaceutical, and nutraceutical industries.

The global Ginger Extract Industry is expected to grow at a notable pace during the forecast period. This growth can be attributed to the widespread application in the food & beverage industry and rising demand for dietary supplements. However, difficulties in the cultivation of ginger are restraining the growth of the market.

The growth of the global ginger extract market is expected to be driven by the increasing consumption of dietary supplements across the globe. Ginger extract is also used widely in the production of ready-to-eat food products, which is accelerating market growth. Moreover, the introduction of several ginger-infused beverages is positively impacting the demand for ginger extract. 

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.

Segmentation

The food & beverage segment accounted for major share in 2018 and is expected to expand at a substantial CAGR and reach USD 632.3 million by the end of 2025. Ginger extract is widely used in the food & beverage industry in several applications including carbonated soft drinks, beer mixes, energy drinks, still drinks, tea beverages, baked products, syrups, confectionery products, and ice cream. However, the pharmaceuticals & nutraceuticals segment is projected to exhibit the highest CAGR during the forecast period.    

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

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. The rising demand for herbal medicinal products and supplements is projected to boost the growth of the ginger extract market in North America. In the Middle East, the Gulf Cooperation Council countries are projected to contribute significantly to the growth of the ginger extract market.

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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