Ginger price

Ginger

Ginger is known under the botanical name Zingiber officinale. It is a perennial herb that belongs to the Zingiberaceae family. It is believed to be native to southeastern Asia. It is well known for its pungent and aromatic rhizome (a type of underground stem) that is frequently used as a spice, food, flavoring agent, as well as a medicine.

Its name was derived from the Greek word zingiberis which comes from Sanskrit. It is known since Ancient times in China and India where it was used as food, spice, and medicine. It was brought to the Mediterranean region in the 1st century CE by the nomadic tribes of traders. By the 11th century, it was well known in England and many other European countries. Soon after the conquest, it was brought to Mexico and the West Indies and by 1547 the spice was being exported from Santiago to Spain.

The plant creates a leafy stem that may reach up to 100 centimeters high. Its leaves are quite big reaching up to 30 cm long. They are elongated, alternate in two rows, enwrapping the stem. It creates thick 5 to 8 flowers that are conelike spikes and are composed of overlapping green bracts. Each bract contains single petite flowers that occur in yellow and purple flowers.

The underground stem known as the rhizome is known for its slightly biting taste and is used in various forms mainly as a flavoring agent to add flavor to sauces, pickles, confections, curry dishes, and bread. It is also used fresh in cooking. The peeled rhizome is an important ingredient of various syrups and beverages. In many Asian countries, especially in Japan, it is eaten between dishes to clear the palate. It is used medically in order to treat various kinds of colic and flatulence. It also contains essential oils which are distilled from rhizomes and then used in the food and perfume industries.

The total production of ginger was established to be roughly 1683000 metric tonnes worldwide. The largest producers are China, India, Nepal, and Thailand having production of 396.60 thousand tons, 385.33 thousand tons, 210.79 thousand tons, and 172.68 thousand tons respectively.

Global ginger production

In 2019, global production of ginger was estimated to be around 2.2 million metric tons. The top five producing countries were China (1.5 million metric tons), India (400,000 metric tons), Nigeria (200,000 metric tons), Thailand (150,000 metric tons), and Indonesia (140,000 metric tons). Combined, these five countries account for around 85% of the world's total ginger production. Ginger is a popular spice with a wide range of applications in both food and beverages. It is used in savory dishes as well as sweet desserts and can be consumed fresh, dried, or powdered. In addition to its culinary uses, ginger is also known for its medicinal properties and is commonly used to treat nausea, stomach ache, and inflammation. The majority of the world's ginger production takes place in Asia, with China being the single largest producer. Other major producing countries include India, Nigeria, Thailand, and Indonesia. Combined, these five countries account for around 85% of global ginger production. The demand for ginger is driven by its wide range of applications in both the food and beverage industries. In addition to its use as a culinary spice, ginger is also known for its medicinal properties and is commonly used to treat nausea, stomach ache, and inflammation. The Asia-Pacific region is the largest market for ginger, followed by North America and Europe. The global ginger market is expected to grow at a CAGR of 5.5% from 2019 to 2024. The Asia-Pacific region is anticipated to witness the highest growth rate during the forecast period, owing to the increasing demand for ginger in the food and beverage industries.