Global Ginger Oil Market Insights Forecasts to 2033

• The Global Ginger Oil Market Size was Valued at USD 11.48 Billion in 2023
• The Market Size is Growing at a CAGR of 3.45% from 2023 to 2033
• The Worldwide Ginger Oil Market Size is Expected to Reach USD 16.12 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

 

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The Global Ginger Oil Market Size is Anticipated to Exceed USD 16.12 Billion by 2033, Growing at a CAGR of 3.45% from 2023 to 2033.

 

Market Overview

The scientific name for ginger root is Zingiber Officinale Roscoe, from which ginger oil is formed. It is an oil used in cuisine, medicine, and other fields. It is warm, spicy, energetic, and aromatic. Ginger root is a source of therapy and supplements; the quality and aroma of the product depend on the type of ginger used in the distillation method. Numerous health advantages and medicinal qualities of ginger oil include its ability to reduce nausea, relieve arthritic and muscular pain, and have anti-inflammatory, antioxidant, and antibacterial qualities. The food and beverage sectors utilize ginger oil as a flavoring ingredient. In addition to its benefits for skin care, ginger oil is being used more often in the personal care, cosmetics, and nutritional supplement industries, which might propel market expansion. Shortly, demand for ginger oil is anticipated to rise due to its growing industrial application and health benefits. The market for ginger oil is growing due to the growth of the natural personal care products industry. Because ginger oil is one of the best essential oils for aches and pains, the market for ginger oil is increasing.

 

Report Coverage

This research report categorizes the market for the global ginger oil market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global ginger oil market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global ginger oil market.

 

Driving Factors

The growing demand in the food and beverage industry is one of the factors boosting the global market. This is used by producers of food and beverage products to provide them with a distinctive flavor, aroma, and taste. Manufacturers' requests to include natural ingredients or flavors in their products are also influenced by the increasing global market for flavored drinks and juices. In addition, the pharmaceutical sector is also growing more and more interested in it due to its therapeutic qualities. It helps treat cold, flu, cough, and many other ailments by relieving aches, pains, and cramping in the muscles.

 

Restraining Factors

The expansion of the worldwide ginger market is expected to be restricted during the forecast period. A major factor that is expected to hinder the growth of the ginger market shortly is the potential for large doses of ginger to cause heartburn and mouth irritation.

 

Market Segmentation

The global ginger oil market share is classified into nature, application, and distribution channels.

 

• The organic segment dominates the market with the largest market share through the forecast period.

Based on its nature, the global ginger oil market is categorized into organic and conventional. Among these, the organic segment dominates the market with the largest market share through the forecast period.  Due to organic ginger oil avoiding the use of chemicals, it is said to be a safer and more natural option than conventional oil. Demand for organic ingredients has increased as a result of the growing popularity of the organic vegan lifestyle, particularly among young urban customers. To promote their products as being purer, chemical-free, and environmentally friendly, producers of organic ginger oil concentrate on these factors. 

 

• The cosmetics & personal care segment is anticipated to grow at the fastest CAGR growth through the forecast period.

Based on the application, the global ginger oil market is categorized into cosmetics & personal care, pharmaceuticals, household, and others. Among these, the cosmetics & personal care segment is anticipated to grow at the fastest CAGR growth through the forecast period. In addition to its stimulating, antioxidant, and anti-inflammatory qualities, ginger oil is frequently used in cosmetic products. When added to lotions and creams, it helps retain moisture and successfully heals acne, scars, and skin infections. Ginger oil promotes circulation on the scalp to treat and prevent dandruff in hair. Due to its invigorating aroma, it is a widely used ingredient in fragrances and perfumes. Ginger oil works well as a stress-relieving combination in aromatherapy.

 

• The hypermarkets/supermarkets segment accounted for the largest revenue share through the forecast period.

Based on the distribution channel, the global ginger oil market is categorized into hypermarkets/supermarkets, specialty stores, mass grocery stores, online retail, and others. Among these, the hypermarkets/supermarkets segment accounted for the largest revenue share through the forecast period. Hypermarkets can display more ginger oil brands on their shelves thanks to their greater shop sizes. Additionally, their extensive presence in both rural and urban locations guarantees consumers simple access and geographic reach. Hypermarkets' regular marketing activities increase their appeal by providing the best deals and increasing awareness.

 

Regional Segment Analysis of the Global Ginger Oil Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global ginger oil market over the predicted timeframe.

 

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North America is anticipated to hold the largest share of the global ginger oil market over the predicted timeframe. North America serves as the center for the production and distribution of ginger oil worldwide, with the bulk of the world's top producers being found in nations like the United States, Canada, and Mexico. Additionally, a growing number of consumers in the region are aware of ginger oil's therapeutic and cosmetic benefits, which is driving up demand for the oil in these products.   

 

Asia Pacific is expected to grow at the fastest CAGR growth of the global ginger oil market during the forecast period. These countries' favorable climates make high-quality ginger readily available, which is advantageous for raw materials. Asia Pacific is a profitable exporting region due to its lower setup and manufacturing costs when compared to industrialized nations. Because of quality certification from organizations like ECOTEX and the FSSAI's enforcement of strict extraction criteria to satisfy the demands of global markets, India in particular has become an important export nation.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global ginger oil market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Aadhunik Ayurveda
• Hindustan Mint and Agro Products Pvt. Ltd.
• Avi Naturals
• Anjum Aromatics
• Moksha Lifestyle
• Sidus Natural Products P Ltd.
• Rakesh Sandal Industries
• Bhramarah
• Botanic Healthcare
• doTERRA International
• Haihang Industry Co., Ltd.
• Hindustan Mint & Agro Products
• Majestic Pure Cosmeceuticals
• Natures Natural India
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

        •    In October 2023, Jamaican farmers are urged to increase ginger cultivation for the global market due to the country's favorable climate and fertile soil, ideal for producing high-quality ginger.

 

• In 2023, doTERRA announced the launch of several new essential oils and essential oil blends at its global convention as well as additions to their sleep and gut health systems. doTERRA remains firm in its goal to provide high-quality products and sustainably sourced essential oils.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global ginger oil market based on the below-mentioned segments: 

 

Global Ginger Oil Market, By Nature

• Organic
• Conventional

 

Global Ginger Oil Market, By Application

• Cosmetics & Personal Care
• Pharmaceuticals
• Household
• Others

 

Global Ginger Oil Market, By Distribution Channel

• Hypermarkets/Supermarkets
• Specialty Stores
• Mass Grocery Stores
• Online Retail
• Others

 

Global Ginger Oil Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa