Germany Garlic Extract Market: Regional Analysis, Key Players, and Forecast 2032
Garlic Extract Market Scope
The garlic extract market to escalate at a sluggish rate
of 3.8% from 2022 to 2032and 16.64 billion by 2032 (analysis period).
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.
Germany's garlic extract market is experiencing steady growth, driven by the rising demand for natural and organic food ingredients. The market in Germany is characterized by the presence of a few key players offering a variety of garlic extract products to cater to the diverse consumer preferences in the country.The increase in demand for garlic extract product across the expanding F&B sector can support expansion of the market in the near future. The garlic extract market surge can be credited to the increasing awareness about its benefits on human health. The increase in consumption of garlic extract to manage the growing populace of rubefacient, anthelmintic, antihypertensive, and anti-infective patients can also favor the market. The developing popularity of garlic extract as flavoring agent and condiment, along with its utility in the formulation of drugs can promote the market through the forecast tenure. The increase in traction of garlic extracts as active antioxidant, cholesterol-lowering agent, anti-aging solution, anti-dandruff, antimicrobial, insect repellent, blood purifying, and healing agent can improve the garlic extract market impetus.
Eminent Firms
The garlic extract key market players 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.
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.
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.
Market Segmentation
Garlic
extract market size has 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.
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