Ginger Oil Market Driven by Growing Demand for Natural Ingredients in Food and Beverages
Ginger oil is an essential oil extracted from ginger roots through steam distillation. It has a spicy, warm aroma and is widely used as a condiment or seasoning in various cuisines and delicacies. Ginger oil provides anti-inflammatory, anti-bacterial and anti-oxidant properties which have increased its utilization in food and beverages, cosmetics and pharmaceutical industries. The presence of high levels of bioactive compounds like gingerol, shogaols and zingerone gives ginger oil numerous health benefits such as helps in digestion, alleviation of nausea and reduction of inflammation. Rising preference for natural ingredients over chemical compounds in cosmetic and food products has significantly boosted the demand for ginger oil in recent years.
The Global ginger oil market is estimated to be valued at US$ 14.54 Bn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the ginger oil market are Katyani Exports, Universal Olioresins, AOS Product Pvt. Ltd., Phoenix Aromas (Nanjing) Co. Ltd., Alchem International Ltd., Kancor Industries, Frutarom, Chr. Hansen, Biomax Life Sciences Limited, Firmenich, A.G. Organica, Aadhunik Ayurveda, Hindustan Mint and Agro Products Pvt. Ltd., Avi Naturals, Anjum Aromatics, Moksha Lifestyle, Sidus Natural Products P Ltd., Rakesh Sandal Industries (Rakesh Group), Shubham Natural Fragrances, Fancy India Corp. These key players are focusing on expanding their production facilities and product portfolio through extensive research and development.
The growing demand for natural ingredients in food and cosmetic products is fueling the ginger oil market globally. Increasing health consciousness among consumers regarding use of herbal and plant-derived ingredients in products has boosted the adoption of ginger oil. Furthermore, rising application of ginger oil in treating gastrointestinal issues, inflammation and other health conditions has significantly augmented the market growth.
North America and Europe hold the largest Ginger Oil Market Size share globally attributed to high consumer preference for natural ingredients in food, personal care and pharmaceutical products. However, Asia Pacific region is expected to grow at fastest CAGR during the forecast period with China and India being the major consumers of ginger oil. This can be accredited to growing cosmetics industry and expanding herbal industry in developing nations of Asia Pacific region.
Market Drivers
The increasing demand for natural ingredients in food and beverages is a major market driver for ginger oil market. Processed and packaged food companies are increasingly incorporating ginger oil in their food products owing to various health benefits and flavoring properties. Moreover, rising awareness about therapeutic benefits of ginger oil in treatments of cold, nausea, indigestion and inflammation has resulted in augmented adoption across pharmaceutical industry. Growing health and wellness trend among consumers has also propelled the demand for natural and herbal ingredients like ginger oil based products globally. Strong distribution channel of natural ingredients producers and expanding application base across industries will continue to drive the ginger oil market during the forecast period.
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