The market for ginger powder was estimated to be worth $2.42 billion in 2023, and from 2024 to 2030, it is projected to rise at a compound annual growth rate (CAGR) of 7.5% to reach a total revenue of over $4.03 billion.
Ginger Powder Market Overview :
The total global market for the Ginger Powder Market was valued at USD in 2023 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2030. The report analyzed by Maximize Market Research, on the Ginger Powder market, covers an extensive regional analysis and competitive landscape.
Ginger Powder Market Report Scope and Research Methodology :
The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the Ginger Powder market. The report is an in-depth analysis of the Ginger Powder market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Ginger Powder market. The bottom-up approach was used to understand the Ginger Powder market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the Ginger Powder market.
The research methodology involves gathering data from interviews, surveys, and secondary sources that can be trusted. The report looks into market tendencies, motivators, difficulties as well as chances while offering views on the competitive landscape. It covers various aspects of market dynamics such as drivers, restraints, challenges, opportunities, etc.
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Ginger Powder Market Regional Insights :
Regional analysis is conducted to assess the status of the Ginger Powder market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Ginger Powder market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
Ginger Powder Market Segmentation :
by Product
Black Ginger Powder
Yellow Ginger Powder
The ginger powder market has been separated into two categories based on type: yellow and black ginger powder. Of these, the black ginger subsegment is anticipated to yield the highest income.The subsegment with the largest market share was black ginger. The herbaceous plant known as black ginger, Kaempferia parviflora, is a native of Thailand and belongs to the Zingiberaceae family. For more than a millennium, the traditional herbal system has employed black ginger, an adaptogen. Recently, scientists have been paying more attention to it. People are always surprised by its black color. Black ginger's polymethoxyflavones stimulate myoblasts' AMP-activated protein kinase (AMPK), which increases the production of energy. Therefore, it has been suggested that activating AMPK can enhance muscle endurance, fat metabolism, and physical fitness performance. Additionally, it enhances physical fitness levels.
by Application
Food and Beverages
Pharmaceutical
Bakery and Confectionery
Personal Care and Cosmetics
Others
The market has been segmented into food and beverage, pharmaceutical, bakery and confectionery, personal care and cosmetics, and other categories based on application. The sub-segment of food and beverages is anticipated to yield the most revenue among them. In 2023, the subsegment with the biggest revenue was food and beverages. The food industry's increasing need for ginger powder, which is widely used in baked goods, confections, and other products, is the reason for this market expansion. In addition, the growing number of health-conscious individuals who take health supplements to treat a range of illnesses could increase demand for the market research on ginger powder and its subsegment.
by Distribution Channel
Online Retail
Supermarket and Hypermarket
Speciality Store
Convenience Stores
Others
The market has been segmented into online retail, supermarkets and hypermarkets, specialty stores, convenience stores, and others based on the distribution channels. The sub-segment of supermarkets and hypermarkets is anticipated to yield the most revenue among these.Because of the wide variety of products available, the ginger powder subsegment sold in supermarkets and hypermarkets saw the largest market share in 2023. Customers have an easier time buying thanks to these stores' improvements. Supermarkets also draw customers in with their promotions and discounts. The growing popularity of ginger powder can be attributed to consumers' extraordinary convenience in shopping at supermarkets and hypermarkets.In addition, consumers are reluctant to buy food and groceries online because they have concerns about the quality of the goods.
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Ginger Powder Market Key Players :
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
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Key questions answered in the Ginger Powder Market are:
- What is Ginger Powder ?
- What was the Ginger Powder Market size in 2023?
- What are the upcoming opportunities and trends for the Ginger Powder Market ?
- What are the different segments of the Ginger Powder Market ?
- Which are the factors expected to drive the Ginger Powder Market growth?
- What growth strategies are the players considering to increase their presence in Ginger Powder ?
- Who are the leading companies and what are their portfolios in Ginger Powder Market ?
- Who are the key players in the Ginger Powder Market?
- What is the CAGR at which the Ginger Powder Market will grow during the forecast period?
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Key Offerings :
- Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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