Market Forecast by Countries (United States, Canada), By Product Type (Fresh Ginger, Dried Ginger, Preserved Ginger, Ginger Oil, Others), By Application (Food Industry, Pharmaceuticals Industry, Cosmetics Industry, Others), By Distribution Channel (Traditional Retail, Modern Retail Stores, Others) And Competitive Landscape
Product Code: ETC182400 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Ginger Market |
Forecast period | 2025-2031 |
CAGR | 6.1% |
Growing Sector | Food |
The North America Ginger Market report extensively covers the market by Countries, Product Type, Application and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Ginger market is anticipated to witness significant growth during the forecast period. The growth can be attributed to factors such as increasing consumer preference towards organic and healthy food products, the rising demand in pharmaceutical industries due to its medicinal properties, and increasing use of ginger in the cosmetics industry.
According to 6Wresearch, The North America Ginger Market is projected to grow at a CAGR of 6.1% during the forecast period. The North America Ginger market is expected to experience steady growth during the forecast period, primarily driven by the rising demand from the food and pharmaceutical industries. With an increasing focus on health and wellness among consumers, there has been a growing preference towards natural and organic ingredients in food products. This has led to a surge in the use of ginger as a flavoring agent, leading to its increased demand in the food industry.Moreover, ginger's numerous medicinal properties have also contributed to its growth in the pharmaceutical sector. Its anti-inflammatory and antioxidant properties make it a popular ingredient in various medicines and supplements. Ginger is also gaining popularity in the cosmetics industry for its anti-ageing and skin-cleansing properties.
Despite the growth opportunities, there are certain challenges that could potentially hinder the growth of the North America Ginger market. One of the main challenges is the high volatility in ginger prices due to unpredictable weather conditions and natural disasters affecting its production. This can lead to fluctuations in supply and demand, making it difficult for manufacturers to maintain stable pricing and profitability.Another challenge faced by the market is the availability of substitutes such as turmeric, which has similar health benefits and is often more affordable. This can pose a threat to the demand for ginger and impact its market growth.
Prominent players operating in the North America Ginger Market include The Ginger People, McCormick & Company, Buderim Group Ltd., and Monterey Bay Spice Company among others. These companies are focusing strategies such as partnerships, mergers and acquisitions, product developments, and innovations to strengthen their market position. Currently, The Ginger People holds the largest share in the market.
The North America Ginger Market is subject to various government regulations regarding food safety and quality standards. The use of pesticides and chemicals in ginger cultivation is strictly monitored, with many countries implementing strict guidelines for their usage. This has led to manufacturers adopting organic farming practices and obtaining necessary certifications to ensure compliance with these regulations.
The North America Ginger market is expected to witness a surge in demand over the next few years, with increasing awareness of its numerous health benefits and versatile uses. The market is also expected to benefit from technological advancements in farming techniques, leading to higher yields and improved quality of ginger products. Additionally, the rising popularity of ginger-based drinks and supplements is anticipated to further boost market growth. Moreover, with technological advancements and innovations in ginger processing and packaging, the market is expected to see a rise in demand for quality and hygiene ensured products.
According to Dhaval, Research Manager, 6Wresearch, Fresh Ginger holds the largest share in the North America Ginger Market among all types due to its extensive use in cooking and medicinal purposes.
Food Industry holds the largest share in the North America Ginger Market by application because of the increasing requirement for healthy and organic food products.
Traditional Retail currently holds the largest share in the North America Ginger Market due to its wide availability and consumer's trust in buying fresh and quality products.
The United States currently holds the largest share in the North America Ginger Market, primarily due to the wide usage of ginger in households, the pharmaceutical industry, and the cosmetics industry.
The market study offers an exhaustive analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Ginger Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Ginger Market Revenues & Volume, 2021 & 2031F |
3.3 North America Ginger Market - Industry Life Cycle |
3.4 North America Ginger Market - Porter's Five Forces |
3.5 North America Ginger Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Ginger Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 North America Ginger Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 North America Ginger Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 North America Ginger Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Ginger Market Trends |
6 North America Ginger Market, 2021-2031 |
6.1 North America Ginger Market, Revenues & Volume, By Product Type, 2021-2031 |
6.2 North America Ginger Market, Revenues & Volume, By Application, 2021-2031 |
6.3 North America Ginger Market, Revenues & Volume, By Distribution Channel, 2021-2031 |
7 United States Ginger Market, 2021-2031 |
7.1 United States Ginger Market, Revenues & Volume, By Product Type, 2021-2031 |
7.2 United States Ginger Market, Revenues & Volume, By Application, 2021-2031 |
7.3 United States Ginger Market, Revenues & Volume, By Distribution Channel, 2021-2031 |
8 Canada Ginger Market, 2021-2031 |
8.1 Canada Ginger Market, Revenues & Volume, By Product Type, 2021-2031 |
8.2 Canada Ginger Market, Revenues & Volume, By Application, 2021-2031 |
8.3 Canada Ginger Market, Revenues & Volume, By Distribution Channel, 2021-2031 |
9 North America Ginger Market Key Performance Indicators |
10 North America Ginger Market - Opportunity Assessment |
10.1 North America Ginger Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Ginger Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10.3 North America Ginger Market Opportunity Assessment, By Application, 2021 & 2031F |
10.4 North America Ginger Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
11 North America Ginger Market - Competitive Landscape |
11.1 North America Ginger Market Revenue Share, By Companies, 2024 |
11.2 North America Ginger Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |