Garlic Extract Market Trends, Statistics, Key Players, Revenue, and Forecast 2032
Garlic Extract Market Scope
The garlic extract market to escalate at a sluggish rate
of 3.8% from 2022 to 2030 (analysis period).
Eminent Firms
Following the COVID-19 outbreak, companies have been
focusing on rearranging their supply chains while trying to recover from the
financial restrains brought on by the pandemic. The pandemic led to remote
working, as well as closure of several commercial activities, which negative
affected sales of food products like garlic extracts. However, players have remained resilient and
continue to adopt strategic initiatives such as acquisitions, exhaustive
R&D, product innovation, and mergers.
The most important contenders profiled in the MRFR study of
the garlic extract market include NOW Foods (U.S.), NILON'S. (India), Dabur
(India), McCormick & Company, Inc. (U.S.), Woolworths Limited. (Australia),
Mars Incorporated (Australia), to mention a few.
Market Segmentation
Garlic
Extract Market Trends have been segmented with respect to product form,
application, and distribution channel.
The different product forms are granulated, powdered,
pasted, oiled, and more. The highest gainer in the market is the paste segment,
as this form is majorly used as a cooking ingredient to infuse a unique flavor
as well as aroma in the dish.
Major applications of garlic extract include cosmetics, food
and beverages, and pharmaceuticals. The food and beverage sector forms the
biggest segment, wherein garlic extract is used in beverages, condiments,
sausage, seasoning, spices, and many more. It is an essential cooking
ingredient that not only adds flavour but also offers a host of health benefits
to the consumer.
Store-based as well as non-store-based are the key
distribution channels considered in the report. The store-based distribution
channel takes the lead, as consumers prefer the convenient shopping experience
offered by these retail outlets.
Primary Boosters and Deterrents
Garlic plant has always been perceived as a health inducing
ingredient and is therefore, used extensively as an anthelmintic,
anti-infective, antihypertensive and rubefacient. Garlic extract is derived
from the garlic plant, which is mostly found in Mainland China and India and is
exported to other regions. Since it is largely consumed as a flavoring agent
and condiment, the incredible growth of the food and beverage sector has
resulted in significant demand.
Fresh and aged garlic extracts are generally rich in active
antioxidants as well as cholesterol-lowering properties. As a result, they are
used as antioxidants, anti-aging and anti-dandruff agents, antimicrobial,
insect repellents and healing and purifying agents. Moreover, their daily
consumption has been proven effective in preventing cardiovascular and
atherosclerosis disease. Garlic extract’s multiple applications in the food,
cosmetics & personal care and pharmaceutical industries has fostered the
market growth to a large extent.
Furthermore, garlic extracts also act as effective flavoring
agents in a variety of fast-food preparations including pizza, pasta, noodles,
and many others. Thus, the rising fast-food intake has bolstered the demand and
use of garlic extracts. Moreover, the surge in health-conscious population
focused on wellbeing are creating a huge demand, since garlic extracts also
help foster the immune system, reduce cholesterol and more. These properties
have also led to higher use of garlic extracts in a number of functional drinks
by major brands trying to widen their geographical presence and customer reach.
Regional Outlook
The key garlic extract markets are in North America, Asia
Pacific (APAC), Europe, and the rest of the world (RoW).
APAC is the world's biggest market for garlic extracts,
thanks to the rapidly burgeoning pharmaceutical sector and the exploding
populations in China and India. The escalating health awareness among consumers
also adds to the market value in the region. Acquisitions and mergers between
the top garlic extract developers and suppliers have emerged as the latest
trend in the region, which is bound to create growth avenues for the market in
the ensuing years. Also, garlic extra is used extensively in the preparation of
a variety of cuisines, especially in Malaysia, India, and Singapore, which can
favour the regional market in the years to come. Some of the food preparations
in which garlic extracts are used include pickles, chutneys, curried
vegetables, curry powders, tomato ketchup, and meat and meat product
preparations, to name a few.
The European garlic
extract market report is led by the U.K. and the Netherlands, where more
and more consumers are exploring new cuisines, in line with the rising
immigration rate. Some of the top macroeconomic growth boosters can be the
expanding population, high domestic income, and the high urbanization rate in
the region. Most of the top manufacturers are focused on carrying out extensive
research and development activities to produce garlic extracts that adhere to
regulatory standards while also catering to consumer taste.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and
Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013,
United States of America
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