- Sales prospects for pharma, food, and nutraceutical items through various online platforms are generating revenue streams for firms in the ginger oleoresin market
- Market participants are also investing in R&D to develop extraction technologies such as SCFE and solvent extraction in order to produce improved oleoresin items
ALBANY, N.Y., April 25, 2022 /PRNewswire/ — The value of the global ginger oleoresin market is estimated to value US$ 17.3 Mn in 2022. The global market is likely to rise at a CAGR of 10.4% during the forecast period, from 2022 to 2032. The global ginger oleoresin market is anticipated to attain the valuation of US$ 46.7 Mn by the end of 2032. Following the COVID-19 pandemic, players in the global ginger oleoresin market are generating revenue streams through the sales of nutraceutical, pharma, and food products on social media and eCommerce sites. Influencer marketing is drawing the interest of ginger oleoresin producers who are shifting their focus away from traditional marketing and promotion.
Companies in the global ginger oleoresin market are likely to benefit from the growing HoReCa (Hotels, Restaurants, and Café) business, which provides consistent revenue sources. Market growth is being aided by rising demand for organic food items. Despite the fact that the demand for organic ginger oleoresins is expected to increase at an accelerated pace, standard ginger oleoresins now control more than 90% of the global market. As a result,…