Global Ginger Oil Forecasts from 2020 to 2025: COVID 19 has Positive Impact on the Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Ginger Oil Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global ginger oil market is expected to grow at a CAGR of 9.41% over the forecast period to reach a total market size of US$189.431 million by 2025, increasing from US$110.435 million.
The investments in research and development of the extraction process of ginger oil and product development are increasing significantly. The use of ginger oil in anti-wrinkle creams, shampoos, skincare products, and hair care products is increasing steadily. Ginger oil has been found as a useful essential oil in animal feed supplements after research.
Ginger Oil is also used to treat and cure arthritis pain
According to the Centers for Diseases Control and Prevention, In the United States alone, 54 million people suffer from arthritis, which represents about 23% of the US adult population. Osteoarthritis is a type of degenerative joint problem and diseases and According to the World Health Organization, 18% of women and 9.6 of men, which are over 60 years of age have symptomatic problems related to arthritis.
Ginger Oil is generating a significant demand in this sector because of its anti-inflammatory and antioxidant properties, that helps in the ease of swelling and pain. It is a safe and cost-effective method to solve this problem. Various studies have been conducted and it showed that people that massaged ginger oil into their knees at least two times a week, had better movement and minimum pain in their knees.
Pharmacological Potentials of Ginger Oil will drive the market growth
Europe is expected to hold a major share in the ginger oil market. There are certain elements in the oil that are used to prevent and cure tumor related problems.
Major companies and institutions have been investing a substantial sum of capital into the development of pharmaceutical products with clean ginger oil label. Gingerol in ginger oil is used to open and expand airways of patients that are suffering from bronchitis.
India and China are the leading ginger oil-producing regions
The world's top five ginger producers in 2019 are India, China, Nigeria, Nepal, and Indonesia. Asia Pacific is the biggest producer of ginger in regional markets and therefore possesses high shares in ginger oil production. India is the highest producer of ginger oil and is a leader in the ginger oil market with almost half of the total market shares.
There has been growth in the demand for aromatherapy in developing countries like India and China, which will play an imperative role in the overall market growth during the forecast period.
North America will also generate significant growth in the coming years because of the presence of major players and increasing health awareness among the consumers. Phoenix Aromas, one of the major American players in the ginger oil market, has enhanced its portfolio in the recent months by providing ginger oil to different manufacturers for its use as perfume agents, masking agents, tonic and skin conditioning.
With the rise of the COVID-19 pandemic all over the globe, the use of animal-based products is decreasing. Consumers are leaning towards plant-based products which is beneficial for the ginger oil market.
COVID 19 has a positive impact on the ginger oil market. In India, the use of ginger oil increased due to its medicinal properties related to the respiratory system and its immunity empowering trait. The consumption increased as the people opted for natural products for gaining immunity and for alleviating respiratory diseases. Ginger oil companies used the COVID-19 pandemic as an opportunity to increase the production of ginger oil and ginger oil-related health supplements.
In India, Government hospitals are treating COVID-19 patients with boiling water mixed with lime and ginger extracts. This is one of the safest and traditional methods, and patient doesn't suffer from any major side effect. Ginger Oil is being consumed with herbal tea as it helps in enhancing overall immunity in a body.
- Food and Beverages
By Distribution Channel
- North America
- United States
- South America
- United Kingdom
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Ginger Oil Market Analysis, by Type (Value in US$ Million)
6. Global Ginger Oil Market Analysis, by Applications (Value in US$ Million)
6.2. Food and Beverages
7. Global Ginger Oil Market Analysis, by Distribution Channel (Value in US$ Million)
8. Global Ginger Oil Market Analysis, by Geography (Value in US$ Million)
8.2. North America (Value in US$ Million)
8.3. South America (Value in US$ Million)
8.4. Europe (Value in US$ Million) (Volume in Tons)
8.5. The Middle East and Africa (Value in US$ Million)
8.6. Asia-Pacific (Value in US$ Million)
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
- AOS Products Private Limited
- New Directions Aromatics
- Sydney Essential Oil
- Anhui Huafeng
- Edens Garden
- Kanta Enterprises Pvt. Ltd.
- Young Living Essential Oils
- Rocky Mountain Oils
- Manohar Botanical extracts Pvt. Ltd.
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