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 Revenue. 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.
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.
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.
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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. Europe accounted for a significant share of the global ginger extract market in 2018. European countries including the UK, Germany, and the Netherlands are among the top importers of ginger. The increasing demand for natural ingredients in various industries such as food & beverages, pharmaceuticals & nutraceutical, and personal care is driving the growth of the North American ginger extract market. The increasing demand for natural health-benefiting ingredients in food & beverages is a driver for the growth of the South American market, with Brazil accounting for a significant share of the market.
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