Ginger is an important commercial crop grown for its aromatic rhizomes and is used both as a spice and a medicine. It is used as a vital ingredient in a wide range of semi-processed products for the food manufacturing sector and processed products for the retail sector. The global ginger market grew at a CAGR of around 5% during 2019-2024. The market is currently being driven by population growth, changing demographics, increasing health consciousness and busy lifestyles across the globe. This report by Expert Market Research entitled “Ginger Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the ginger market.
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Historical market trends for the global ginger industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global ginger market into the following major regions- Asia-Pacific, North America, South America, Europe and the Middle East and Africa. Asia-Pacific currently represents the largest market. On the basis of the processed product type, the market has been segmented as ginger powder, ginger oil and others.
The value chain analysis of the ginger industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the ginger industry has also been provided.
This report provides an exhaustive insight for setting-up and running a ginger processing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global ginger market?
- Which are the biggest markets (regions) for ginger?
- What are the major processed products of ginger? Which are the most popular?
- Who are the key processors in the ginger market?
- What are the land and construction requirements to start a ginger processing plant?
- What are the machinery requirements to start a ginger processing plant?
- How is ginger priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a ginger processing plant?
- What are the running costs of a ginger processing plant?
- How much revenue can a ginger processing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the ginger industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.