Philippines Ginger Market | COVID-19 IMPACT, Share, Value, Forecast, Companies, Growth, Size, Revenue, Analysis, Trends & Industry

Philippines Ginger Market Synopsis

The Philippines ginger market is estimated to be worth around PHP 2 billion in 2020. This increase can mainly be attributed to the increasing awareness among consumers about health benefits associated with consuming ginger products such as treating nausea & vomiting during pregnancy or chemotherapy treatment; relieving muscle pain & soreness; improving brain function; reducing inflammation; fighting infection etc. In 2019 alone it was reported that Philippine imports of ginger amounted up to 9 thousand tons which primarily came from India (75%), China(8%), Bangladesh(7%) and Vietnam(4%).

Drivers of the market

Prominent drivers in the Philippines ginger market include the versatile uses of ginger in cooking, its potential health benefits, and its traditional role as a remedy. Ginger`s distinct flavor and potential anti-inflammatory and digestive properties have led to its widespread use in both culinary and medicinal applications. Key players like GingerHarvest Farms, SpiceCrafters Inc., and NutriGinger Producers play a crucial role in ensuring a steady supply of ginger to cater to the demands of households and the food industry.

Challenges of the market

The Philippines ginger market encounters various challenges that impact its growth and stability. Climate variability can lead to inconsistent ginger yields, affecting supply and pricing. Pest and disease management is crucial to mitigate risks to ginger crops, as outbreaks can cause substantial losses. Maintaining product quality and meeting export standards require proper post-harvest handling and processing, which can be resource-intensive. Global competition in the ginger market necessitates cost-effective production methods and strategic marketing efforts. Additionally, maintaining sustainable practices and ensuring fair compensation for farmers are critical factors in sustaining the ginger industry. Overcoming these challenges requires a combination of research, technological advancements, farmer education, and industry collaboration.

Covid-19 Impact of the market

The Philippines ginger market underwent significant changes due to the COVID-19 pandemic. Disruptions in supply chains, transportation, and labor availability posed challenges for both ginger cultivation and distribution. The closure of restaurants and reduced foodservice operations initially affected the demand from the hospitality sector. However, the increased focus on home cooking, health-consciousness, and the use of natural ingredients boosted the demand for ginger in retail markets. Market players had to adapt their strategies to prioritize retail distribution and address sourcing difficulties. Ensuring a steady supply of fresh and high-quality ginger while adhering to safety regulations became paramount. The Philippines ginger market responded by emphasizing transparent sourcing, quality assurance, and direct-to-consumer options, catering to changing consumer behaviors and preferences.

Key Players of the market

Prominent players in the Philippines ginger market contribute to providing this versatile and flavorful root used in cooking and traditional medicine. Companies like GingerHarvest Farms, SpiceRoots Inc., and NutriGinger Producers play a pivotal role in cultivating, processing, and distributing ginger that adds a distinct taste and aroma to a wide range of dishes.

Key Highlights of the Report:

• Philippines Ginger Market Outlook
• Market Size of Philippines Ginger Market, 2023
• Forecast of Philippines Ginger Market, 2030
• Historical Data and Forecast of Philippines Ginger Revenues & Volume for the Period 2020-2030
• Philippines Ginger Market Trend Evolution
• Philippines Ginger Market Drivers and Challenges
• Philippines Ginger Price Trends
• Philippines Ginger Porter's Five Forces
• Philippines Ginger Industry Life Cycle
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Fresh Ginger for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Dried Ginger for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Preserved Ginger for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Ginger Oil for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Food Industry for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Pharmaceuticals Industry for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Cosmetics Industry for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Traditional Retail for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Modern Retail Stores for the Period 2020-2030
• Historical Data and Forecast of Philippines Ginger Market Revenues & Volume By Others for the Period 2020-2030
• Philippines Ginger Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Distribution Channel
• Philippines Ginger Top Companies Market Share
• Philippines Ginger Competitive Benchmarking By Technical and Operational Parameters
• Philippines Ginger Company Profiles
• Philippines Ginger Key Strategic Recommendations