Ginger oil is a type of essential oil that is extracted from the roots of the ginger plant, known scientifically as Zingiber officinale. The product has a spicy, warm, and pungent aroma and is used in aromatherapy, perfumery, and in the food industry. The market is projected to grow due to its therapeutic qualities and distinctive flavor. It is used in various applications including medical & healthcare, personal care, food & beverages, and others. Ginger oil is majorly used in Ayurveda medicines owing to their treating properties for such as despair, low self-esteem, anxiety, and restlessness. These factors are likely to propel the ginger oil market in the healthcare industry over the forecast period.
The demand for the ginger oil is increasing in food preparation such as breads, pies, and other bakery products. The growing demand for the product in health conscious consumers owing to their usage in reducing blood pressure as a natural diuretic relieves aches, cramps, and muscular stiffness.
Moreover, the rise in investments in R&D in the production and extraction process of ginger and their product development for use in several applications. Owing to its antioxidant and anti-inflammatory characteristics to reduce swelling and pain, ginger oil is in high demand in this industry. Thereby, these factors are boosting the ginger oil demand globally in the coming years.
The market is broadly segmented into type, distribution channel, technology, and end-use. The type segment is further categorized into conventional and organic. The distribution channel segment is further sub-divided into online, store based (supermarkets, local stores, convenience stores), and offline. The technology segment includes extraction and distillation. The end use segments are further categorized into consumer goods, food & beverage, medical & healthcare, and beauty & cosmetics.
Some of the key players operating include Rocky Mountain Oils, LLC, Phoenix Aromas & Essential Oils, LLC, Mountain Rose Herbs, dōTERRA, AOS Products Pvt. Ltd., Vigon International, NOW Health Group, Inc., Natural Oil Bar, A.G.Industries, Floracopeia, Sydney Essential Oil Company, and others. Prominent players involved in the marketplace are continuously focusing on business expansion activities through collaborations and partnerships across the value chain. For instance, in December 2021, Phoenix Aromas & Essential Oils announced the merger with Tilley Distribution. This merger enhances the product ingredients, with advanced regulatory and technical supports to serve customers
The growing awareness for organic products among consumers in several industries including cosmetics, food & beverage, and pharmaceuticals is expected to create demand for ginger oils globally in the forecast period.
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