Ginger is a tropical plant whose rhizome (popularly known as ginger root) is used most commonly for culinary and medicinal purposes. Gnarled and knotted in appearance, the ginger root has a slightly pungent, spicy-sweet flavor and aroma.
Today, there are many uses ginger is good for. Although eating fresh, raw ginger still one of the most popular ways of consumption, the use of powdered or ground ginger is not only preferred for culinary applications but also for making ginger supplements, such as ginger root capsules and ginger tablets. Additionally, ginger can be found preserved, candied, and crystallized. While the use of natural and alternative medicines has grown greatly in recent years, so has the interest in ginger as a complementary and alternative herbal remedy. As such, much research has been performed that has confirmed many of ginger properties.
In the recent times, the global market for ginger has observed a strong surge in its valuation, thanks to the increasing popularity of ginger as a spice and as a flavoring agent across the world. The rising awareness about the medical benefits of ginger is also attracting consumers substantially, and this factor is expected to act as a long-term promoter of this market, leading it to high growth over the next few years.
In addition to this, the widening application base of ginger, from medicines to alcoholic beverages, is anticipated to boost the global ginger market in the years to come. The market is projected to gain US$3.06 bn by 2017 in revenues. The opportunities in this market is predicted to proliferate at a CAGR of 6.50% between 2017 and 2022, reaching a value of US$4.18 bn by the end of 2022.
Major factors driving growth of the global ginger markets, growing consumer awareness about the ginger benefits for health. In addition, increasing use of ginger as a home remedy various infections such as common cold and cough, rising demand for herbal medical products, rising usage in healthcare industry to cure problems related to infection, constipation, ulcers etc. are factors driving growth of the global ginger market.
