Reports
Global Galangal Root Powder Market Size, Share, Forecast: By Nature: Organic, Conventional; By Distribution Channel: Direct Sale, Indirect Sale; By Application: Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Galangal Root Powder Market Outlook
The global galangal root powder market is being driven by the growing herbal medicine market. The herbal medicine market is expected to grow at a CAGR of 5.8% in the forecast period of 2024-2032.
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The Asia Pacific is Aiding the Growth of the Galangal Root Powder Industry
Galangal root, which is an East Asian modified subterranean plant stem, resembles ginger but is totally different in taste. Galangal root powder has been in use since ancient times in Ayurvedic medicines across China. The Asia Pacific significantly contributes to the industry growth, while other regions are also witnessing increased demand for the product after its commercialisation in different parts across the world. Currently, it is commonly utilised as a food ingredient in Indonesian, Thai, and Malaysian cuisines, thus, enhancing the product demand in the food and beverage industry. This is aiding the market growth in the Asia Pacific region. Meanwhile, in gulf countries, galangal root powder is being considered as an effective alternative to improve sperm count, which is expected to enhance the sales of the product in the GCC countries in the forecast period.
Galangal Root Powder: Market Segmentation
Galangal root powder is obtained from the flesh of the roots of galangal plant, commonly known as Thai ginger or Siamese ginger. The powder is quite strong and is known for its earthy and extra citrusy flavour. It has the ability to treat various medical conditions and is known for its anti-ageing and calming and relaxing properties. It also boosts stamina and lowers bad cholesterol levels.
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Based on nature, the market is bifurcated into:
- Organic
- Conventional
On the basis of application, the industry can be categorised into:
- Food and Beverage
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
The various distribution channels of the product include:
- Direct Sale
- Indirect Sale
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Plant-Based Products and the Growing Awareness Regarding the Health Benefits of Galangal Root Powder to Bolster the Market Growth
The increasing demand for plant-based products over synthetic ones is driving the demand for galangal root powder. Further, several studies have established the effectiveness of galangal root powder in the treatment of cancer, thus, driving its demand to prepare drugs and medicines for cancer treatment. This powder is considered to be effective in treating nearly all kinds of ailments, ranging from infection to inflammation. The market is being supported by the thriving pharmaceutical industry and the growing prevalence of cancer globally. Other factors like the escalating disposable incomes, growing retail sector, and rising demand for natural ingredients in food and cosmetic industries are also aiding the industry growth.
Over the forecast period, the growing research activities regarding the potential applications of galangal root powder and the new product launches are expected to significantly contribute to the market growth.
Key Industry Players in the Global Galangal Root Powder Market
The report gives a detailed analysis of the following key players in the global galangal root powder market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Penzeys Spices
- The Spice People
- Burma Spice
- Qingdao Dacon Trading Co., Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Distribution Channel, Application, Region |
| Breakup by Nature | Organic, Conventional |
| Breakup by Distribution Channel | Direct Sale, Indirect Sale |
| Breakup by Application | Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Penzeys Spices, The Spice People, Burma Spice, Qingdao Dacon Trading Co., Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Galangal Root Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Galangal Root Powder Historical Market (2018-2023)
8.3 Global Galangal Root Powder Market Forecast (2024-2032)
8.4 Global Galangal Root Powder Market by Nature
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Galangal Root Powder Market by Distribution Channel
8.5.1 Direct Sale
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Indirect Sale
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Galangal Root Powder Market by Application
8.6.1 Food and Beverage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Pharmaceuticals
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Cosmetics and Personal Care
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Galangal Root Powder Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Penzeys Spices
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 The Spice People
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Burma Spice
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Qingdao Dacon Trading Co., Ltd
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Galangal Root Powder Market: Key Industry Highlights, 2018 and 2032
2. Global Galangal Root Powder Historical Market: Breakup by Nature (USD Billion), 2018-2023
3. Global Galangal Root Powder Market Forecast: Breakup by Nature (USD Billion), 2024-2032
4. Global Galangal Root Powder Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global Galangal Root Powder Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global Galangal Root Powder Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Galangal Root Powder Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Galangal Root Powder Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Galangal Root Powder Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Galangal Root Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Galangal Root Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Galangal Root Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Galangal Root Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Galangal Root Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Galangal Root Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Galangal Root Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Galangal Root Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Galangal Root Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Galangal Root Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. North America Historical Price Trends and Forecast 2024-2032
21. Europe Historical Price Trends and Forecast 2024-2032
22. Asia Pacific Historical Price Trends and Forecast 2024-2032
23. Latin America Historical Price Trends and Forecast 2024-2032
24. Middle East and Africa Historical Price Trends and Forecast 2024-2032
25. Global Galangal Root Powder Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The major drivers of the market are the rising disposable incomes, increasing health awareness, expanding retail sector, rising demand for natural products, increasing prevalence of cancer, thriving pharmaceutical industry, and growing demand from food and cosmetic sectors.
The key trends guiding the growth of the market include the growing research and development activities and the new product launches.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading natures of galangal root powder in the market are organic and conventional.
The major distribution channels in the market are direct sale and indirect sale.
The key players in the global galangal root powder market are Penzeys Spices, The Spice People, Burma Spice, and Qingdao Dacon Trading Co., Ltd, among others.
Analyst Review
The global galangal root powder market is being driven by the rising herbal medicine industry. Aided by the rising R&D activities, the herbal medicine market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 5.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the market is divided into organic and conventional. Based on application, the industry is segmented into food and beverage, pharmaceuticals, and cosmetics and personal care, among others. On the basis of distribution channel, the market is bifurcated into direct sale and indirect sale. The major regional markets for galangal root powder are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Penzeys Spices, The Spice People, Burma Spice, and Qingdao Dacon Trading Co., Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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