Ginger (Zingiber officinale) is a globally known food and flavoring ingredient which is also reputed for its wide range of medicinal properties. The rhizome of ginger consists of a unique homologous series of compounds, gingerols, which are the major phenolic plant secondary metabolites responsible for its unique flavor and health benefits. Over the last 2 decades, extensive research has been conducted to identify bioactive constituents and medicinal potential of ginger. This review deliberates chemical composition as well as the most recent research findings on potential health benefits of ginger, including its antimicrobial, anti-inflammatory, blood pressure-lowering, cholesterol-lowering, antiplatelet aggregation, chemopreventive, antioxidant, and hypoglycemic properties.