Global Ginger Powder Market Poised for Significant Growth

The global ginger powder market is experiencing robust expansion, with its valuation reaching $2.42 billion in 2023. Projections indicate a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030, aiming for nearly $4.03 billion by the end of the forecast period.

This surge is primarily driven by the increasing recognition of ginger powder's versatile applications across various industries, including food processing, pharmaceuticals, beverages, and personal care. Renowned for its phytotherapeutic, antioxidant, and anti-inflammatory properties, ginger powder is utilized as a flavoring agent, medicinal component, and even in cosmetics for its aromatic qualities.

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Competitive Landscape

The ginger powder market is characterized by a dynamic competitive environment, with key players focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market positions. Companies are investing in research and development to introduce high-quality, organic, and sustainably sourced ginger powder products to meet the evolving consumer demand.

Regional Demand Insights

Asia-Pacific stands out as the region with the highest demand for ginger powder, attributed to its deep-rooted culinary traditions and the burgeoning food processing industry. North America and Europe are also witnessing increased consumption, driven by a growing awareness of the health benefits associated with ginger.

Key Market Segments in Elderly Nutrition and Packaged Food Industry : 

by Product

Black Ginger Powder
Yellow Ginger Powder

The subsegment with the largest market share was black ginger. The herbaceous plant known as black ginger, Kaempferia parviflora, is indigenous to Thailand and belongs to the Zingiberaceae family. For more than a millennium, the traditional herbal system has used black ginger, an adaptogen. More scientific attention has been paid to it lately. People are always surprised by its black color. Black ginger's polymethoxyflavones increase energy production by activating myoblasts' AMP-activated protein kinase (AMPK). Therefore, it has been suggested that AMPK activation enhances fat metabolism, muscle endurance, and physical fitness performance. Additionally, it supports antioxidant enzyme activity and the physical fitness performance of athletes and the elderly.


by Application

Food and Beverages
Pharmaceutical
Bakery and Confectionery
Personal Care and Cosmetics
Others

The market has been segmented by application, including bakery and confectionery, personal care and cosmetics, pharmaceuticals, food and drinks, and others. The subsegment of food and beverages is anticipated to provide the most income out of all of them.
The subsegment with the largest revenue in 2023 was food and beverages. Due to its extensive use in bakeries, confections, and other products, ginger powder is becoming more and more in demand in the food business, which is responsible for this market expansion. Additionally, the growing number of health-conscious individuals using health supplements to treat a variety of illnesses may increase demand for the market analysis of ginger powder and its subsegment.

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by Distribution Channel

Online Retail
Supermarket and Hypermarket
Speciality Store
Convenience Stores
Others

The market has been segmented into specialty retailers, convenience stores, supermarkets and hypermarkets, online retail, and others based on distribution channels. The supermarket and hypermarket subsegment is anticipated to produce the most revenue out of all of these.
Due to the wide variety of products available, the supermarket and hypermarket subsegment of the ginger powder market had the largest market share in 2023. Customers now have an easier time buying because to these stores' improvements. The bargains and discounts that supermarkets offer also draw customers. The market trend for ginger powder has grown as a result of consumers finding it very convenient to buy from supermarkets and hypermarkets.

 Leading Companies Driving the Elderly Nutrition and Packaged Food Market : 

1. Vinayak Ingredients India Pvt. Ltd.
2. Frontier Co-op
3. Everest
4. Indian Organic Farmers Producer Co. Ltd.
5. Oregon's Wild Harvest
6. Anthony's Goods
7. The Synergy Company
8. Organic India
9. Blue Lily Organics
10. Terrasoul Superfoods
11. Others

 Check out our trending studies to understand industry shifts :

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♦ https://www.openpr.com/news/3884420/organic-tea-market-growth-accelerates-with-increasing-demand 

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