Ginger refers to an underground rhizome of a tropical plant belonging to the family of Zingiberaceae. It has a pungent and sweet-spicy aroma with a firm, striated texture that adds a special flavor to different fruit and vegetable dishes. Its oleoresin comprises numerous bioactive components, which are used to acquire several remarkable pharmacological and physiological benefits. This thick aromatic rhizome is widely consumed in a fresh form and processed to form dried, preserved, oil, pickled, and candied ginger items. As a result, it finds extensive applications across the globe.
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The expanding food and beverage (F&B) sector and the growing utilization of the product as a flavoring agent and condiment in various curries, baked items, confectionaries, etc., are primarily augmenting the ginger market. Furthermore, the inflating usage of this thick aromatic rhizome, which has anti-inflammatory properties to treat pain and swelling associated with osteoarthritis, is also bolstering the market growth. Apart from this, the rising adoption of ginger as a dietary supplement for reducing vomiting, diarrhea, nausea, and stomachache that may happen, owing to motion sickness, chemotherapy, pregnancy, menstruation, etc., is further catalyzing the global market.
Moreover, the increasing awareness among consumers about the benefits of consuming the product, such as reducing bad cholesterol levels, improving lipid metabolism, and leading to blood thinning, is positively influencing the market growth. Besides this, the leading companies, including Archer-Daniel-Midland Company, Buderim Group Limited, Floracopeia Inc., Guangxi Yongjiang Food Industry Co., Ltd., Indian Organic Farmers Producer Company Limited (IOFPCL), etc., are entering into strategic collaborations to expand their consumer base, which is acting as another significant growth-inducing factor. Additionally, the increasing applications of this thick aromatic rhizome in numerous sectors, such as cosmetics and personal care, are expected to drive the ginger market in the coming years.
List of Top Ginger Companies Worldwide:
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