This report by Expert Market Research entitled “Global Ginger Market Report and Forecast 2021-2026” provides a comprehensive analysis for anyone who plans to foray into the industry.
Historical market trends for the market have been provided from 2016-2020 and forecasts have been presented till 2026. The value chain analysis of the market has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales, and distribution. Furthermore, the study assesses the industry based on Porter’s five forces model, which evaluates the level of competition in the industry by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the industry has also been provided.
This report provides an exhaustive insight for setting-up and running a ginger processing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Ginger: Industry Definition and Segmentation
Ginger is an important commercial crop grown for its aromatic rhizomes and is used both as a spice and a medicine. It is used as a vital ingredient in a wide range of semi-processed products for the food manufacturing sector and processed products for the retail sector.
By product type, the market can be divided into fresh and processed products. On the basis of processed products, the market can be further segmented ginger powder, oil, and paste, among others. It finds wide applications in the following industries:
- Food Industry
- Pharmaceutical Industry
- Cosmetic Industry
The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Consumers around the world are becoming increasingly conscious of their health, prefer nutritionally rich food, which further boosts the industry. In food industry, the powdered ginger type is widely used in salad dressing, ketchups and pickles and curry dishes, among other things, as a condiment or flavouring agent. In addition, its powder is considered an excellent carminative ingredient which reduces intestinal gas. They are also used to treat a variety of skin disorders in ayurvedic medicines. Regular intake also decreases the risk of diabetes, obesity, heart disease as well as increases energy consumption, helps in losing weight and improves safe teething. Ginger powder is also used in soaps and personal care products to provide fragrance.
Key Industry Players in the Global Ginger Market
The report analyses the following key players in the global ginger market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:
- Organic Mountain Flavor Pvt. Ltd.
- Capital Foods Ltd.
- Buderim Group Limited
- The Ginger People
- Canadian Ginger Company
- SA Rawther Spices Pvt Ltd
- AKO GmbH
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.