Get the latest insights on price movement and trend analysis of Ginger Oleoresin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ginger Oleoresin Price Trend for the First Half of 2023
Ginger Oleoresin enjoys a permanent presence in South Asia, especially in the pharma, food, and flavour industries. The price trends of ginger oleoresin are dependent on that of its feedstock ginger rhizomes. The first half of 2023 witnessed volatile price trends for ginger in the Indian market. Prices soared to intense highs as the agricultural outputs plunged, given the reduced acreage and uneven rainfall amid severe weather conditions.
The reduced crop yields affected the pricing fundamentals substantially. Ginger prices touched a 12-year high in the Indian market, crossing the 200 INR/kg mark in May and retailing at even 230-240 INR/kg. Hence, these inclined prices of ginger directly impacted the ginger oleoresin prices in the first half of 2023.
According to the Procurement Resource, Ginger Oleoresin prices are expected to continue the high run in the upcoming months as well. Given the current constricted supplies amid rising demands, the price trends will likely incline further.
Ginger Oleoresin Price Trend for the Second Half of 2022
Ginger Oleoresin is extracted from ginger rhizomes via the solvent extraction process. These oleoresins are extensively used in food, flavouring, aroma, pharmaceuticals, and nutraceutical industries. Asia has the biggest share in the Ginger Oleoresin market, with India having the highest contribution.
In the Indian domestic market, ginger prices were on an upswing after five years owing to better demand across the markets. Though the demand increased the availability was limited to certain regions which contributed towards the price rise. Though close to 70% of the produce in Karnataka was harvested but the supply in the market was limited as many farmers hoarded the supply in the wake of better prices in the future. The high prices of ginger directly impacted the price trends for ginger oleoresin.
The Ginger Oleoresin market stayed inclined in 2022. The Chinese government-mandated covid lockdown strangled the supplies which amid port congestion triggered the prices to shoot up. The Indian ginger was available in the market, but owing to high domestic consumption the supplies were not easily available in the international market contributing towards high prices. Overall, an inclined price trend for ginger oleoresin was observed, however, the market stabilized around later H2 2022, as Chinese covid restrictions were lifted and logistics got better.
According to Procurement Resource, the market sentiments for Ginger Oleoresin appear quite promising. The demand-supply gap of the commodity is expected to grow leading to high prices until the fresh stocks arrive in the market, thereby stabilizing the trends.
Procurement Resource provides latest prices of Ginger Oleoresin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Ginger Oleoresin is derived or extracted by the solvent extraction of ground-dried rhizomes of ginger or Zingiber officinale. This product has the properties of refreshing aroma of ginger. When evaluated in dilution, it has a pungent and biting sensation. It is also known for its free-flowing, homogeneous, dark brown liquid.
|Product Name||Ginger Oleoresin|
|Industrial Uses||Batters and bread mixes, Marinades, Salad dressing, Sauces, Seasonings, Snacks, Beverages, Medicine, Flavouring agent, Insect repellent, Volatile oils|
|Supplier Database||Synthite Industries Ltd., Akay Group Ltd, Plant Lipids, Universal Oleoresins, BOS Natural Flavours (P) Limited, NAR Spice Products|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
It is derived or extracted by the solvent extraction of ground-dried rhizomes of ginger with the help of an organic solvent. After this, the solvent traces are vacuum distilled to finally produce Ginger Oleoresin.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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