Impact of COVID-19 Outbreak on Global Ginger Extract Market - Drivers, Opportunities and Forecast Analysis to 2027
Market Highlights Global Ginger Extract Market is estimated to be valued at USD 1,320.3 Million by 2025, registering a CAGR of 5.1% during the forecast period. Ginger extract is a substance extracted from ginger; it contains a number of phenolic compounds. It is widely used for its flavoring and medicinal properties in various industries. Asia-Pacific was the largest market for ginger extract in 2018, and the region is expected to continue to dominate the global market during the review period. The rapid growth of the food & beverage industry in developing countries such as China and India and the increasing demand for natural ingredients is projected to boost the growth of the ginger extract market. Europe market accounted for a significant share in 2018 of the global ginger extract market. European countries including the UK, Germany, and the Netherlands are among the top importers of ginger. Healthy living is an important trend in Europe which is projected to b