Vertical: CFnBBase Year: 201811 Sections
Market Size (2018)
$935.30M
Projected (2025)
$1.32B
CAGR (2017–2025)
5.0%
Key Players
10+
The global ginger extract market is expected to grow at a notable pace during the forecast period. This growth can be attributed to the widespread application in the food & beverage industry and rising demand for dietary supplements. However, difficulties in cultivation of ginger are restraining the growth of the market.
The Ginger Extracts Market market is projected to grow at a CAGR of 5.0% from 2017 to 2025.
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View Subscription PlansGinger extract contains a number of phenolic compounds, some of which have displayed antineoplastic, anti-inflammatory, and antioxidant properties. This has led to the widespread use of ginger extract for its flavoring and medicinal properties in the food & beverage, pharmaceutical, and nutraceutical industries.
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View Subscription PlansRESEARCH PROCESS
Wantstats analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, Category assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years, by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
PRIMARY RESEARCH
Extensive primary research was conducted to gain a deeper insight into the market and the industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five years.
SECONDARY RESEARCH
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global ginger extract market. it was also used to obtain key information about major players, market classification and segmentation according to industry trends, geographical markets, and developments related to the market and type. for this study, analysts have gathered information from various credible sources such as annual reports, sec filings, journals, white papers, corporate presentations, company websites, international organizations, and paid databases.
MARKET SIZE ESTIMATION
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the overall global ginger extract market. The key players in the market were identified through secondary research, and their market contributions in different applications across the globe were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Wantstats added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for the purpose of this study.
Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansMichael Porter’s Five Forces model offers a framework to study the global ginger extract market. Strategic business managers, trying to gain an edge over competing firms in the global ginger extract market, can utilize this model to better comprehend the industry in which the company operates. The components of each of the forces and the degree of impact of each element in the context of the global ginger extract market have been broken down and analyzed.
THREAT OF NEW ENTRANTS
The global ginger extract market is highly lucrative due to the widening application scope of the product in various industries. Rising consumption of ready-to-eat food products along with the increasing consumption of dietary supplements is expected to fuel the growth of the market. Moreover, ginger extract finds widespread application in personal care products. However, the initial investments and working capital required to efficiently produce ginger extract are high as it requires a continuous supply of electricity and proper disposal of waste.
Hence, the threat of new entrants in the global ginger extract market is expected to be moderate.
BARGAINING POWER OF SUPPLIERS
The production of ginger is mostly restricted to certain countries, including China, India, Thailand, Indonesia, Bangladesh, the Philippines, South Korea, and Sri Lanka. The supplier concentration is high. However, ginger extract manufacturers based in North America and Europe are highly dependent on imports from producing countries in Asia-Pacific due to the low production volumes of ginger in their regions. This has led to a gap between demand and supply of the raw material in North America and Europe. Thus, the manufactures are dependent on imports for raw material supply which is anticipated to increase switching costs. Moreover, key manufacturers enter into long-term contracts with the major suppliers of ginger for uninterrupted supply.
Hence, the bargaining power of suppliers in the global ginger extract market is expected to be moderate.
BARGAINING POWER OF BUYERS
The buyers in the global ginger extract market are manufacturers of food & beverages, pharmaceuticals & nutraceuticals, personal care products, and animal feed. There are several buyers as the demand for ginger extract is exceptionally high in dietary supplements production. Apart from that, ginger is used in several beverages as a flavoring agent. Many beverages manufacturers are introducing new products infused with ginger in order to cater to the requirements of the end customers. For instance, in November 2016, The Coca-Cola Company introduced ginger-infused Coca-Cola in the Australian market. There is limited product differentiation between the key market players, which increases the bargaining power of buyers and lowers switching costs.
Hence, the bargaining power of buyers in the global ginger extract market is expected to be moderate.
THREAT OF SUBSTITUTES
There are no direct substitutes for ginger extract in application industries due to its unique flavoring and health-promoting properties. However, there is a certain degree of internal substitution with the powder and liquid forms of ginger extract used interchangeably in food & beverage products.
Hence, the threat of substitutes in the global ginger extract market is expected to be low.
INTENSITY OF RIVALRY
The global ginger extract market is marked by a high intensity of rivalry. The established players in the market are targeting competitors in terms of quality and price, thus making the industry competitive and reducing profit potential for the existing firms. The key players invest in research and development to bring about innovation in their product lines and make product development a priority to meet changing consumer preferences.
Hence, the intensity of rivalry in the global ginger extract market is expected to be high.
Market estimates by geography (2025)
InsightAsia Pacific leads with $463.80M by 2025.
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View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $194.90M | $235.10M | $285.00M | 4.9% | 22% |
| Europe | $264.00M | $321.70M | $394.20M | 5.1% | 30% |
| Asia Pacific | $307.20M | $376.50M | $463.80M | 5.3% | 35% |
| Rest of the World | $125.40M | $148.70M | $177.20M | 4.4% | 13% |
| Total | $891.50M | $1.08B | $1.32B | 5.0% | 100% |
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View Subscription PlansTotal Market Size
$1.32B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Conventional | $926.00M | 4.9% | 70% |
| Organic | $394.30M | 5.2% | 30% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Ginger Extracts Market covering market dynamics, competitive landscape, and strategic outlook.
The Ginger Extracts Market market is projected to reach $1.32B by 2025, growing at 5.0% CAGR. The Conventional segment holds the largest share.
The global ginger extract market has witnessed significant growth over the last few years and is projected to register a CAGR of 5.1% during the forecast period. The growth of the global ginger extract market is expected to be driven by the increasing consumption of dietary supplements across the globe. Ginger extract is also used widely in the production of ready-to-eat food products, which is accelerating market growth. Moreover, the introduction of several ginger-infused beverages is positively impacting the demand for ginger extract. However, ginger production depends heavily on climatic conditions which is anticipated to restrict the growth of the global ginger extract market. Consumer preference for organic food & beverages is anticipated to increase the consumption of organic ginger extract.
Ginger is used widely as a spice in households across the world. However, ginger extract is mostly used for industrial purposes. Ginger extract is available in several forms including powder, liquid, and paste. The use of ginger extract is increasing rapidly in ready-to-eat food products. Ginger paste is especially gaining traction among food manufacturers. The demand for ready-to-eat food products has been increasing both in developed and developing economies over the last few years due to several factors such as urbanization, increasing per capita disposable incomes, and hectic lifestyles. According to Wantstats analysis, the global ready meals market was valued at USD 210.25 billion in 2018. The food service industry has also witnessed substantial growth over the last few years. Ginger is an essential spice in the majority of world cuisines and is used widely in the food service industry. According to Wantstats analysis, the global food service market was valued at USD 3.12 trillion in 2018 and projected to register a CAGR of 4.35% during the forecast period of 2019 to 2025. Ginger extract also finds application in several non-alcoholic beverages. Herbal tea infused with ginger is widely preferred across the globe. Ginger herbal tea offers several health benefits and is used to treat dizziness, nausea, and cold sweats. Beverage manufacturers are introducing ginger-based products, which is accelerating the demand for ginger extract.
Thus, the widespread use of ginger extract in several segments of the food & beverage industry is expected to drive the growth of the market during the forecast period.
The demand for organic food & beverages is exceptionally high in developed regions such as North America and Europe. Consumers in these regions are aware of the adverse impact of chemicals on health. This increased health consciousness has led to a preference for products with minimal or no chemicals. Rising health consciousness and consumer inclination toward healthy and nutritional food products are driving the demand for organic food & beverages in Europe and North America. Consumers are also concerned about the impact of chemicals on the environment, resulting in a shift to organically cultivated and processed products. Consumers are willing to pay a premium for healthy food products, propelling the adoption of organic ginger extract in the food industry. As per the Forschungsinstitut für Biologischen Landbau (FiBL), the research institute of organic agriculture, organic food sales in Europe were worth EUR 30.7 billion (USD 34.2 billion) in 2016, which reflected a market growth of 11.4% from 2015. The demand for organic food & beverages is also increasing gradually among consumers in emerging economies in Asia-Pacific.
The inclination towards organic ingredients in food & beverage products presents market players with lucrative opportunities for growth.
Soil and climatic conditions play vital roles in the production of fruits, vegetables, herbs, and spices. Specific temperature requirements are essential for the optimum production of spices. Climatic conditions, therefore, greatly affect crop production. Ginger grows well in warm and humid climate and the crop is cultivated from sea level to an altitude of 1500 meters. Ginger can be grown in both rain-fed and irrigated conditions. However, crop rotation is advised for the optimal cultivation of ginger, which restricts production. Apart from that, natural disasters which include hurricanes, landslides, and floods and hostile weather conditions can adversely affect the overall production of ginger. Moreover, the production of ginger is limited to certain countries, which increases dependability. China, India, Thailand, Indonesia, Bangladesh, the Philippines, South Korea, and Sri Lanka are the major producers of ginger. The production of ginger is low in North America and Europe, making market players based in these regions dependent on imports. Thus, difficulties in the cultivation of ginger are expected to restrict the growth of the global ginger extract market during the review period.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 106 companies operating in the Ginger Extracts Market market, including revenue, employee count, and market positioning where available.
Showing 106 of 106 companies
IFF is the world's largest ingredients and solutions house by revenue, formed by the 2018 acquisition of Frutarom and the transformational 2021 Reverse Morris Trust combination with DuPont's Nutrition & Biosciences division. It occupies the business-to-business layer immediately upstream of the global consumer packaged goods industry, selling flavours, fragrances, enzymes, cultures, probiotics, proteins and texturants into food and beverage, home care, beauty and personal care, animal nutrition and biofuels end-markets. Since 2024, under CEO Erik Fyrwald, the company has executed a decisive retreat from the scale-and-scope logic that produced the N&B deal: Pharma Solutions, Nitrocellulose, Cosmetic Ingredients, Soy Crush and — pending — the entire Food Ingredients segment have been sold, shrinking revenue from a 2022 peak of $12.4 billion to a guided 2026 continuing-operations base of $7.4–7.6 billion. What remains is a narrower, higher-margin triad of Taste, Scent and Health & Biosciences, funded by roughly $3.8 billion of divestiture proceeds earmarked for deleveraging and buybacks. --- ### The company's own description (paraphrased from the FY2025 Form 10-K, Item 1) IFF describes itself as a leading creator and manufacturer of products used in food, beverage, health and biosciences and scent applications, together with complementary adjacent products including natural health ingredients. Its output is sold principally to manufacturers of dairy, meat, beverages, snacks, savoury and sweet goods, baked goods, other foods, personal care products, soaps and detergents, cleaning products, perfumes, dietary supplements, food protection products, infant, elderly and animal nutrition, functional food, biofuel and oral care products. Management asserts global leadership positions in Food & Beverage, Home & Personal Care and Health & Wellness markets, and across the tastes, textures, scents, nutrition, enzymes, cultures, soy proteins and probiotics categories. ### Independent characterisation IFF is best understood as three quite different businesses that happen to share a customer list. **First, a creative formulation business (Taste and Scent Compounds).** Perfumers and flavourists design bespoke compounds against a customer brief. The product is a formula, protected almost entirely as a trade secret rather than by patent — the FY2025 10-K states explicitly that most formulas are trade secrets and that the business is not materially dependent on any individual patent, trademark or licence. Economics are driven by winning and holding places on customer "core lists", by creative reputation, and by the extremely high switching cost of reformulating an established consumer product. Gross margins are high; the fixed cost of the creative network is the principal operating leverage. **Second, an industrial biotechnology business (Health & Biosciences).** Enzymes, cultures, probiotics and yeasts sold into detergents, dairy, baking, brewing, animal feed and ethanol. This is genuinely patent- and process-protected, capital-intensive fermentation manufacturing, and it is IFF's highest-margin segment — 26.0% adjusted operating EBITDA margin in FY2025 versus 19.2% for the group. **Third, a specialty food ingredients business (Food Ingredients).** Emulsifiers, texturants, sweeteners, soy and pea proteins, inclusions, natural food protection. Structurally lower-margin (12.9% in FY2025), more commodity-exposed, more capital-hungry, and the part of the portfolio being sold to CVC. **Revenue model.** Essentially 100% product sales. IFF discloses no subscription, licensing or service revenue lines; there is no separately reported services or royalty stream. Revenue is recognised on transfer of goods. There is a modest ingredient-trading dimension in Scent, where excess fragrance-ingredient capacity is sold to third parties — explicitly including competitors — to absorb fixed cost while preserving supply security for IFF's own perfumers. **Value chain position.** IFF sits between roughly 20,000 raw-material suppliers (farms, botanical processors, petrochemical feedstock producers) and roughly 20,000 customers. It is a classic "small ingredient, large influence" supplier: its content is typically 1–3% of a finished consumer product's cost but disproportionately determines consumer acceptance. **Customer structure (FY2025).** Approximately 20,000 customers; approximately 69% are small and mid-sized companies. The 25 largest customers accounted for approximately 32% of sales. No single customer accounted for 10% or more of sales in FY2025 — a notable dispersion for a B2B supplier, and a direct consequence of the Frutarom acquisition, which brought a long tail of regional and mid-market accounts. **Geographic model.** Approximately 72% of FY2025 sales were to customers outside the United States. The US alone represented approximately 28%; no other single country exceeded 10%.
Company Headquarters: Illinois, US Founded: 1902 Workforce: ~38,100 Company Working: Archer Daniels Midland Co (ADM) specializes in manufacturing food and beverage ingredients and other varieties of agricultural products. The company's product portfolios include natural flavors and colors, health and nutrition products, vegetable oil, corn sweeteners, flour, animal feed, and biofuels. It primarily operates in three business segments: Ag services and oilseeds, carbohydrate solutions, and nutrition. The origination, marketing, transportation, and storage of agricultural raw materials are all included in the worldwide operations covered by the agricultural services and oilseeds category. The section for carbohydrate solutions is involved in the wet and dry milling of corn and wheat, among other things. The segment converts corn and wheat into ingredients and products that are used in the food and beverage industry including sweeteners, corn, wheat starch, dextrose, syrup, glucose, and wheat flour. The nutrition segment serves customer needs for food, beverages, health, wellness, and many more. The nutritional segment covers the manufacturing, sale, and distribution of specialty products that include natural flavor ingredients, flavor systems, natural colors, plant-based proteins, emulsifiers, soluble fibers, polyols, and other specialty food and feed ingredients. With more than 270 processing plants, 500 crop procurement facilities, and a vast crop transportation network, Archer-Daniels-Midland Company (ADM) has a presence in over 160 countries worldwide. The company provides tapioca maltodextrins and syrup solids those are highly versatile and a taste neutral ingredient that offers various functionality, offering humectancy and adhesion and helps in preventing sugar crystallization, and the maltodextrin and corn syrup solids offers functionality that don’t impact the finished products taste.
Company Headquarters: Dalian Liaoning, China Founded: 2012 Workforce: ~51–100 Company Working: Greenutra Resource Inc is engaged in the production and sale of natural ingredients. The company offers botanical extracts, including ginger extract, organic herbs, and nutraceutical ingredients to the healthcare, nutraceutical, food & beverage, and cosmetics industries. It provides natural products that comply with the US FDA and European Federation of Food Science and Technology (EFFoST). The company actively operates in the US and China.
Company Headquarters: Guangdong, China Founded: 2001 Workforce: ~70 Company Working: Honsea Sunshine Biotech manufactures botanic ginger extract for the pharmaceutical, food, and personal care industries. If also offers branded extracts, botanical extracts, nutritional and health oils, and aroma essential oils. The company follows integrated value chains and business processes that comprise manufacturing, sales, marketing, and export of various products. The company has is located on a 39,000 square meter campus.
Company Headquarters: Hunan, China Founded: 2005 Workforce: ~32 Company Working: Inner Natural Ingredients Inc. is engaged in the development and production of nutritional plant source derivatives. It is a leading natural medicine and nutritional material supplier. The company also manufactures and sells chlorophyll, natural fruit powder, grains and nuts foods, and green tea extract. It has sales partnerships with leading cosmetic, pharmaceutical, flavor, nutritional supplement, and food & beverage companies.
Company Headquarters: Saarland, Germany Founded: 1986 Workforce: ~50 Company Working: Flavex Naturextrakte GmbH specializes in botanical extracts through the use of CO2 extraction technology. It offers a wide range of flavors, fragrances, and bioactive ingredients for the food, nutraceutical, skincare, and perfumery industries. The company also provides organic botanical extracts and halal- and kosher-certified products. The production site of the company is located in Rehlingen-Siersburg, Germany, near the borders of France and Benelux countries from where it operates in the international market.
10 interactive charts drawn from the Ginger Extracts Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Ginger Extracts Market South America, Middle-East and Africa Of Rest Of The World
Global Ginger Extracts Market China, India, Japan, Rest Of Asia Pacific and Australia And New Zealand Of Asia Pacific By Country
Global Ginger Extracts Market Germany, Spain, France, United Kingdom, Italy and Rest Of Europe By Country
Global Ginger Extracts Market United States, Canada and Mexico Of North America By Country
Global Ginger Extracts Market By Region
Ginger Extracts Market Rest Of The World
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Historical performance and future projections (2020–2030, USD Billion)
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