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.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
Market breakup by region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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
Table of Contents
Companies Mentioned
The key companies featured in this Galangal Root Powder market report include:- Penzeys Spices
- The Spice People
- Burma Spice
- Qingdao Dacon Trading Co., Ltd