Global Ginger Oleoresin Market Size to grow by US$ 46.7 Million in 2030.

Press Release

The growing awareness of the benefits of ginger oleoresin is likely to boost global revenue growth. Consumers now prefer personal care products manufactured with natural substances for skin care as a result of contaminated weather conditions. This element is a big motivator for ginger oil producers. However, there are other essential oils that can be used in place of ginger oil, particularly for aromatherapy. The market for ginger oil is projected to be limited as a result of this. Nonetheless, a surge in fast food and junk food consumption among consumers has resulted in an increase in health issues such as obesity, depression, digestive disorders, heart disease and stroke, and others. Ginger oil does wonders for stomach problems. Pharmaceutical companies have a significant chance to grow their presence in the ginger oil sector.

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Furthermore, rising demand for organic spices has increased demand for organic ginger oleoresins in food and beverage applications, which is projected to generate sufficient development possibilities. Convenience items with more non-volatile content are preferred by consumers. Ginger oleoresins contain a higher proportion of non-volatile matter than essential oils, making them popular among medicinal, cosmetic, and taste and fragrance industries.

Ginger oleoresin is in high demand in the non-alcoholic beverage sector. Ginger oil has long been utilised in the treatment of a variety of diseases due to its therapeutic characteristics. Ginger oleoresins are used in numerous pharmaceutical products to treat a variety of stomach problems such as nausea and vomiting, diarrhoea, food poisoning, gastric ulcer, headache, asthma, migraine, inflammation, and many other disorders. Ginger oil is used in personal care products and is used to treat dandruff in hair. Ginger oleoresin is utilised in aromatherapy and Ayurveda because it is invigorating and cures sadness, mental tension, dizziness, weariness, restlessness, and anxiety.

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The super critical fluid extraction (scfe) held the largest market share in 2020 of the global ginger oleoresin market attributing to due to the obtaining highest yield capacity at optimum conditions. The most common extraction methods amongst others. The food & beverage held the largest market share in 2020 of the global ginger oleoresin market attributing to increased demand in the food and beverage industry is one of the key factors impacting the global market. The supermarkets/hypermarkets segment is dominated the market share in 2020 owing to easy availability and consumer preference as they believe to touch and check before buying.

Asia Pacific region is dominating the market share of global ginger oleoresin market owing to the rising population and urbanization activities. The need for ginger oleoresin has increased as the region's specialty stores and supermarkets/hypermarkets development activities have been increased. In recent years, market expansion has been spurred by population growth and an increase in disposable income in emerging countries. Furthermore, the consumption of ginger oleoresin has increased in India and China has been fast growing thanks to increased government investment. Higher production rate as well as the usage of new industrial technologies are credited with driving growth in the Asia Pacific area.

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REGIONAL INSIGHTS

The global ginger oleoresin market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia Pacific region is dominating the market share of global ginger oleoresin market owing to the rising population and urbanization activities. The need for ginger oleoresin has increased as the region's specialty stores and supermarkets/hypermarkets development activities have been increased. In recent years, market expansion has been spurred by population growth and an increase in disposable income in emerging countries. Furthermore, the consumption of ginger oleoresin has increased in India and China has been fast growing thanks to increased government investment. Higher production rate as well as the usage of new industrial technologies are credited with driving growth in the Asia Pacific area.

The Asia Pacific area is the world's leading producer and exporter of the product. Spice-producing countries in the region include India, China, Vietnam, Indonesia, and Malaysia, among others. However, North America is expected to witness highest growth rate during the forecast period of the global ginger oleoresin market owing to investing in research and development to develop extraction technologies such as SCFE and solvent extraction to create better oleoresin products.

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