Mon, 06 Dec 2021


The new report by Expert Market Research titled, 'Global Galangal Root Powder Market Report and Forecast 2021-2026', gives an in-depth analysis of the global galangal root powder market, assessing the market based on its segments like nature, application, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/galangal-root-powder-market/requestsample

The key highlights of the report include:

Market Overview (2021-2026)

  • Forecast CAGR: 8% (Global Herbal Medicine Market)

The growth of global galangal root powder market is primarily driven by increasing demand for plant-based products. The demand for herbal products is also a major contributing factor. The demand by pharmaceutical and nutraceutical industries due to its effectiveness in the treatment of cancer has also augmented the market growth. The anti-inflammatory properties of galangal root powder are also expected to the growth. The increasing escalating incomes and expanding retail sector are expected to push the growth in the forecast period.

Industry Definition and Major Segments

Galangal root powder is obtained from dried roots of galangal plant, also known as Siamese ginger or Thai ginger. It has earthy and citrus flavour. It has health benefits, lowers bad cholesterol and anti-ageing properties. It is also known to boost stamina and have calming and relaxing effect.

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/galangal-root-powder-market

Based on nature, the market is bifurcated into:

  • Organic
  • Conventional

On the basis of application, the industry can be categorised into:

  • Food and Beverage
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Others

The various distribution channels of the product include:

  • Direct Sale
  • Indirect Sale

The regional markets for galangal root powder include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The Asia Pacific region is the largest shareholder in the global galangal root powder market. This can be attributed to the strong domestic demand from food and beverage sector and culinary application in Indonesian, Thai, and Malaysian cuisines. Further, the usage of galangal root powder in traditional Chinese medicine system is also expected to aid the growth of market in the forecast period.

Key Market Players

The major players in the market are Penzeys Spices, The Spice People, Burma Spice, and Qingdao Dacon Trading Co Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.

Contact Person:-Ian Bell, Business Consultant

Email: sales@expertmarketresearch.com

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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