Rising Demand for Ginger Oil Due to its Medicinal Properties to Aid the Market Growth
The market growth of ginger oil is being driven by the growing demand for the product owing to its medicinal properties and unique taste. Further, the growing demand for ginger oil due to its colour and pleasant pungent aroma, which enriches the food and beverage, is aiding the market growth.Region-wise, the product is witnessing a significant demand from the North America and the Asia-Pacific regions. This can be attributed to the rising demand for the product for various products like food, cosmetics, and medicines, among other products. The market is further aided by the rising demand for seasoned beverages and juices across the globe, which is compelling the manufacturers to imbibe ginger oil in their products as a natural ingredient.
Ginger Oil: Market Segmentation
Ginger oil is derived from ginger root and has a warm, spicy, invigorating, and a pungent smell. It has an array of applications across various sectors like food and beverages, pharmaceuticals, and others.On the basis of type, the market is divided into:
- Organic
- Conventional
Based on processing technology, the industry can be segmented into:
- Steam Distillation
- Cold Pressed
- Carbon Dioxide Extraction
- Solvent Extraction
- Others
By distribution channel, the industry is segregated into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
On the basis of application, the industry is categorised into:
- Food and Beverage
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
The regional markets for the product include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Rising Demand from the Pharmaceutical Industry to Aid the Market Growth of Ginger Oil
The market growth of ginger oil is being aided by the rising demand for the product from the pharmaceutical industry for its medicinal properties. Further, the ginger oil helps relieve aches, muscular pain, and cramps, which is applicable in the drugs for flu, cold, and cough, among others. In addition, the industry is witnessing rising traction due to the increasing demand for ginger oil from the health-conscious consumers, which has been resulting in organic variants of ginger oil in the food and beverage sector. Thereby, enhancing the market growth of ginger oil globally.Key Industry Players in the Global Ginger Oil Market
The report gives a detailed analysis of the following key players in the global ginger oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Mountain Rose Herbs
- NOW Health Group, Inc.
- doTERRA International, LLC
- Rocky Mountain Oils, LLC
- The Sydney Essential Oil Co.
- Others
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Companies Mentioned
The key companies featured in this Ginger Oil market report include:- Mountain Rose Herbs
- NOW Health Group, Inc.
- doTERRA International, LLC
- Rocky Mountain Oils, LLC
- The Sydney Essential Oil Co.