Galangal root is an East Asian modified subterranean plant stem which resembles ginger but is totally different in taste. Galangal root powder is a product which is derived from the flesh of galangal root. Galangal root powder originated as an Ayurvedic medicine in China. Today galangal root powder has been recognized as an effective medicine for cancer treatment. In gulf countries, galangal root powder is known to improve sperm count and function. The demand for galangal root powder increased dramatically after the commercialization of this product. Galangal root powder is also known as Thai ginger powder and is commonly found in Thai, Indonesian, and Malaysian cuisine. The galangal root powder is quite strong and has an earthy, sharp, and extra citrusy flavour. The ability to treat various medical conditions has now made galangal root powder a popular product among the consumers and this increasing popularity is expected to bolster the demand of galangal root powder over the years.
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Reasons for Covering this Title
As the demand for medicinal herb is increasing day after day by the consumers, many manufacturers of pharmaceutical, cosmetics and personal care are incorporating galangal root powder extract in their products. Such inclusion has enabled local manufacturers of galangal root powder to extend and reach to global market, which is expected to bolster the growth of the galangal root powder market.
- The consumption of galangal root powder has increased in past few decades in many developed as well as developing nations due to rising healthcare awareness and galangal root powder’s beneficiary effects on mind and body.
Galangal root powder is known for its calming and relaxing properties, anti-ageing properties, and its property to boost stamina and lower bad cholesterol level. Galangal root powder is beneficial nearly in all kinds of ailments, from infection to inflammation. Galangal root powder also heals acne, dandruff headaches and helps in detoxification of the body, boosts immunity and induces sleep. As a result of these properties, demand for galangal root powder is witnessing increasing demand in the market.
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Global Galangal Root Powder: Market Segmentation
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Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Global Galangal Root Powder Market: Key Players
Some of the key players operating in the global galangal root powder market are: Penzeys Spices, Ajika Organics, Apsara Foods LLC, Spiceology, Botanic Universe, The Spice People, FreshJax, The Spice Shop, BIXA BOTANICAL, Burma Spice and Holy Naturals, among others
The global galangal root powder market has progressed over the time due to the upsurge in demand for galangal root powder in food and beverage industry and is expected to continue the growth in the same mode, over the forecast period
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Opportunities for Market Participants
Dried spice plant market is highly active in nature as supply and demand situation keeps on shifting from one hand to another. Galangal root powder is the key ingredient of the spices used in food and beverage and cosmetics. As galangal root powder is also used in medical practice, used to cure sicknesses and stimulate well-being, many international players of dried spice could also jump into the market where only a handful of players exists. The beneficial possessions of the galangal root powder with no side effect have created a positive impact in the world today, which is expected to support the growth of the galangal root powder market over the forecast period. Moreover, opportunities lie for the local players those who are already working in the galangal root powder market, as the involvement of big companies for galangal root powder is still missing at a global level.
Brief Approach to Research
The analysis will be done a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the flavor, application and encapsulation process of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An overview of the Galangal Root Powder market, including background and evolution
- Macroeconomic factors affecting the market and its potential
- Market dynamics, such as drivers, challenges and trends
- Detailed value chain analysis of the market
- Cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in this market