According to a research report titled ‘Global Ginger Market Size study, By Form (Supplements, Cookies, Fresh, Ginger Ale, Pickled, Dried, Preserved, Powdered and Crystallized), By Distribution Channel (Retail Stores, Hyper Market, and Online), By Application (Soups and Sauces, Culinary, Snacks & Convenience Food, Bakery Products, Non-alcoholic Beverages, and Chocolate and Confectionery), and Regional Forecasts 2020-2027’, available with Market Study Report, global ginger market was valued at USD 5.2 billion in 2019, and is projected to grow at a rate of 5.4%, reaching a valuation of USD 8 billion by 2027.
 

As per report findings, a steady growth in food & beverage business vertical is stimulating the worldwide ginger market demand. Furthermore, ginger is commonly used in everyday cooking and for medicinal purposes, thus boosting industry remuneration.
 

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Ginger is adopted to add fragrance in soaps and cosmetics, and for antacid and anti-gas drugs in the chemical industry. Incorporation in medicines for treating constipation and infections is adding substantial traction to global ginger industry. Another factor propelling industry growth is rising consumer awareness about the medicinal uses of ginger.
 

For those unversed, ginger is a healthy aromatic spice, and has an added benefit of being very palatable. It has curative properties and helps combat the flu, nausea, common cold, and a wide array of stomach problems like morning sickness, diarrhea, colic and gas. Moreover, ginger oil can be applied on the skin to relieve pain. Other benefits include reducing the risk of heart disease and cancer, alleviating symptoms of osteoarthritis, helping manage chronic indigestion, and decreasing cholesterol levels, all of which is contributing towards the popularity of ginger.
 

Based on application ambit, the industry is classified into soups & sauces, snacks & convenience food, chocolate & confectionery, bakery products, culinary, and non-alcoholic beverages.
 

Moving on to form, the industry is arrayed into supplements, ginger ale, cookies, fresh, pickled, powdered, dried, preserved, and crystallized. Speaking of distribution channels, global ginger market functions via retail stores, hyper markets, and online stores.
 

Considering the geographical viewpoint, Asia Pacific market is anticipated to garner the highest market revenue during the forecast period 2020-2027, as ginger is a common household ingredient for cooking and medicinal purposes in the region. Meanwhile, North America and Europe are also expected to generate steady returns during the study period due to increasing awareness about the benefits of ginger.
 

Key contenders in worldwide ginger industry are Buderim Group Ltd., Indian Organic Farmers Producer Co. Ltd. (IOFPCL), Sino-Nature International Co. Ltd., SA Rawther Spices (P) Ltd., Atmiya International, Monterey Bay Spice Co. Inc., Sun Impex International Foods LLC, Food Market Management Inc., Archer-Daniels-Midland Co. (ADM), and Yummy Food Industrial Group.