GINGER OIL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has emerged as the dominant region in the global ginger oil market with estimated 35.5% market share in 2024. The widespread popularity and applications of ginger oil across various industries such as food and beverages, therapeutic and aromatherapy have propelled the North America market growth. With majority of leading ginger oil manufacturers located in countries like the U.S., Canada and Mexico, North America represents the nerve center for global production and distribution of ginger oil. Moreover, high consumer awareness about the medicinal properties of ginger oil boosts its demand in cosmetics, personal care and therapeutic products in the region. However, stringent purity and quality control regulations imposed by FDA have increased the cost of production in North America, making its suppliers relatively high-priced in international markets.

Asia Pacific region, especially South Asian countries like India and China, is projected to witness the fastest growth in the ginger oil market in the near future. Abundant availability of high-quality ginger due to favourable climatic conditions in these countries provides raw material advantage. Furthermore, flourishing herbal and Ayurvedic industries catering to the needs of rising health-conscious populations can boost demand for ginger oil. The low set-up and production costs as compared to developed regions make Asia Pacific a lucrative exporter hub. India, in particular, has emerged as a major exporter owing to quality certification by agencies like ECOTEX and reinforcement of stringent extraction standards by FSSAI to meet the requirements of international markets.