Ginger Oil Market Is Seeing Increasing Demand For Natural Medicinal Health Benefits

Ginger Oil Market Is Seeing Increasing Demand For Natural Medicinal Health Benefits

It has potent anti-inflammatory, anti-microbial, anti-oxidant, and analgesic properties that help in easing indigestion, nausea, respiratory disorders, and skin conditions. The oil is used as a flavoring agent in food items like baked goods, candy, snacks, and beverages. Increasing consumer awareness about the medicinal benefits of natural products is driving the demand for ginger oil globally.

The Global ginger oil market is estimated to be valued at US$ 12.21 Bn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period from 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.

The global ginger oil market is witnessing considerable growth owing to the increased demand for natural health products and condiments. Consumer preference for organic and natural ingredients is prompting food brands and beverage makers to incorporate ginger oil into various product formulations.

The market is also expanding globally due to rising geriatric population, increasing health awareness, and growing culinary applications of ginger oil. Asia Pacific currently dominates the global market due to easy availability of raw ginger and long tradition of using ginger in culinary preparations and folk medicines in the region.

Market key trends

One of the key trends gaining momentum in the ginger oil market is its increasing usage in aromatherapy. Ginger oil blends well with other essential oils like lemon, bergamot, and orange. Adding a few drops of ginger oil to warm bath water or a vaporizer helps ease stress, boost mood, reduce inflammation, and clear nasal congestion. Many new wellness products infused with ginger oil have entered the market to leverage its therapeutic benefits. The widespread trend of self-care and demand for natural remedies is fueling the adoption of ginger oil in aromatherapy worldwide.

Porter's Analysis

Threat of new entrants: Low barriers to entry as technology required for production is readily available. However, established players dominate market and distribution channels.

Bargaining power of buyers: Buyers have moderate to high bargaining power. Multiple options available at supplier level increases buyer choice.

Bargaining power of suppliers: Ginger is an agricultural commodity grown in certain geographic locations. Suppliers have moderate bargaining power due to limited options for buyers.

Threat of new substitutes: Low threat as ginger oil provides unique flavor profile and health benefits which are difficult to substitute.

Competitive rivalry: High competition with aggressive pricing from dominant mid-sized and large players. Focus on differentiation through natural ingredients and customization.

Geographical Regions

Asia currently dominates the global Ginger Oil Market Size And Trends in terms of value. Countries like India are a major cultivation and production hub for ginger used to extract ginger oil. China is a leading importer and buyer of ginger oil which further consolidates the leading Asia position.

Europe is projected to be the fastest growing region in the ginger oil market during the forecast period. Increasing use of natural ingredients in the food and beverage industry along with rising awareness towards health benefits of ginger oil are major driving factors. Rising demand from countries like Germany, UK and Italy is expected to accelerate European market growth.

Get more insights on – Ginger Oil Market
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
​