Report Overview
[170+ Pages Research Report] Garlic Extract Market to surpass USD 18.8 billion by 2031 from USD 13.3 billion in 2021 at a CAGR of 3.5% throughout the forecast period 2021-31.
Product Overview
Garlic has been used to treat high blood pressure and blood vessel disorders. If you have heart or blood vessel disease or high blood pressure, talk to your doctor for more information. It has been shown that some herbal and dietary supplement items include potentially dangerous contaminants and chemicals. Garlic contains a component, allicin that acts as an antibiotic and helps in treating respiratory diseases. These diseases or infections clog our lungs and lead to dyspnea and congestion. It also helps in reducing inflammation, improves asthma, and prevents lung cancer.
Market Highlights
The Global Garlic Extract Market is expected to project a notable CAGR of 3.5% in 2031.
Global Garlic Extract Market to surpass USD 18.8 billion by 2031 from USD 13.3 billion in 2021 at a CAGR of 3.5% in the coming years, i.e., 2021-2031. Consumer preferences for functional foods are growing, and so are the worries about food safety and quality, the availability of extraction technology is expanding, and changes in regulations about labeling requirements are propelling the sector forward. The rising demand for the essential functional features supplied by garlic, such as antioxidation, anti-inflammatory activity, antioxidant protection, and other health advantages, is another major factor driving market expansion.
Figure - Market Analysis of Global Garlic Extract Market
Global Garlic Extract Market: Segments
Paste segment is expected to grow with the highest CAGR during 2021-31
On the basis of Form, the global Garlic Extract Market is fragmented into Powder, Oil, Paste, and Granulated. One of the significant factors driving the growing revenue of the pasted sector among the product form segments is the increasing use of paste-form of garlic extract as the principal cooking ingredient to increase food flavor in their dishes among various restaurants, hotels, and others.
Food Market segment is expected to grow with the highest CAGR during 2021-31
Global Garlic Extract Market is classified on the basis of Application into Food Market, Pharmaceutical Market, and Cosmetics & Personal Care Market. Due to the widespread usage of garlic extract as a main ingredient in the creation of various food products, particularly fast foods, the food industry category is expected to develop at the fastest rate in the worldwide garlic extract market. It is widely used in the APAC region and is followed by the pharmaceutical sector due to the therapeutic characteristics of garlic extract.
Figure - Market Analysis of Global Garlic Extract
Market Dynamics
Drivers
High consumption of Garlic through multiple Food Products
The increased consumption of garlic extract as a flavoring and seasoning component in various food products is propelling the worldwide garlic extract market forward. Garlic extract's antifungal and antibacterial qualities, as well as its use as a seasoning agent, are expected to drive its rise in the pharmaceutical and cosmetics & personal care industries. It is also used as a flavoring agent in fast-food preparations such as noodles, pizza, pasta, and a variety of other dishes. Furthermore, as the popularity of fast food grows, so does the demand for garlic extracts.
Multiple Benefits of Garlic to Health and Wide Applications
Aside from being a flavoring agent, garlic extract has numerous health benefits, including boosting the immune system, decreasing cholesterol, and many others. These qualities also encouraged its inclusion in functional beverages, broadening its market. Furthermore, the growing demand for natural and herbal substances in the food and beverage, cosmetics, and pharmaceutical industries is moving the business forward.
Restraint
Poor Climate Condition for the Production of Garlic
Poor climatic conditions are the main limitation for this market, as they may cause the production of garlic to be hampered, resulting in a reduction in overall supply, which results in an increase in price and, finally, a decrease in demand. Poor extraction procedures result in lower preventative efficiency, and potential side effects such as a stomachache are also a hindrance.
Global Garlic Extract Market:
Key Players
- McCormick
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Woolworths Limited
- Dabur
- Now Foods
- Mars
- Incorporated
- Nilon's
- Ever Organic
- Allicin Pharm
- Kelpak
- Wuxi Cima Science Co.,Ltd
- Other Prominent Players
Global Garlic Extract Market: Regions
Global Garlic Extract Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Since Asia is both a producer and a consumer of garlic, the region dominates the worldwide garlic extract market and is likely to continue to do so over the forecast period. In most Asian developing countries, it is used as a basic ingredient in the making of various cuisines. Garlic extract, which contains antioxidant properties and the capacity to improve immunity, is widely utilized for therapeutic purposes in China and India. North America is also likely to account for a sizable portion of the market. global garlic extract market in the forecast timeframe.
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Impact of COVID-19 on Garlic Extract Market
Garlic demand has decreased as COVID-19 circumstances have become very severe. Garlic's market value dropped during the lockdown. Restaurants have traditionally been the biggest users of garlic, and when they can't serve their cuisine owing to blackout rules, it's not uncommon for them to close. As a result, sales from that industry experience a significant drop.
Global Garlic Extract Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States, Mexico, and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, Japan, Australia, and Rest of Asia Pacific
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – South Africa, and Rest of Middle East and Africa
Global Garlic Extract Market report also contains analysis on:
Garlic Extract Market Segments:
- By Form
- Powder
- Oil
- Paste
- Granulated
- By Application
- Food Market
- Pharmaceutical Market
- Cosmetics & Personal Care Market
- By Distribution Channel
- Hypermarkets / Supermarkets
- Specialty Store
- Online Retail
- Pharmacies & Drug Stores
- Other Channels
- Garlic Extract Market Dynamics
- Garlic Extract Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Garlic Extract Market Report Scope and Segmentation
|
REPORT ATTRIBUTE |
DETAILS |
|
Market size value in 2021 |
USD 13.3 billion |
|
Revenue forecast in 2031 |
USD 18.8 billion |
|
Growth Rate |
CAGR of 3.5% from 2021 to 2031 |
|
Base year for estimation |
2020 |
|
Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Form, Application, Distribution Channel, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key companies profiled |
McCormick, Woolworths Limited, Dabur, Now Foods, Mars, Incorporated, Nilon's, Ever Organic, Allicin Pharm, Kelpak, Wuxi Cima Science Co.,Ltd, and Other Prominent Players. |
Frequently Asked Questions (FAQ):
The Garlic Extract Market size was estimated at USD 13.3 billion in 2021 and is expected to reach USD 18.8 billion in 2031.
Garlic is a common element in many medicines since it is thought to have antimicrobial, appetite-suppressing, blood-thinning, and cholesterol-lowering effects. Garlic extract is utilized in a variety of applications, including food, cosmetics, and pharmaceuticals.
The Paste segment accounted for the largest Garlic Extract Market share.
Key players in the Garlic Extract Market include McCormick, Woolworths Limited, Dabur, Now Foods, Mars, Incorporated, Nilon's, Ever Organic, Allicin Pharm, Kelpak, Wuxi Cima Science Co.,Ltd, and Other Prominent Players.
The Garlic Extract market is primarily driven by rising consumer demand for functional foods and a reduction in concerns about food safety and quality, as well as the increased availability of extraction technology.
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