According to the report, the global garlic extract market was valued at around USD 11.86 billion in 2017 and is expected to reach approximately USD 15.30 billion by 2024, growing at a CAGR of around 3.7% between 2018 and 2024.
New York, NY, Dec. 05, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Garlic Extract Market By Product Form (Powder, Paste, Oil, and Granulated), By Application (Food Industry, Cosmetics Industry, and Pharmaceutical), and By Distribution Channel (Supermarket, Hypermarket, Specialty Stores, and Online Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global garlic extract market was valued at around USD 11.86 billion in 2017 and is expected to reach approximately USD 15.30 billion by 2024, growing at a CAGR of around 3.7% between 2018 and 2024.
An extract derived from garlic bulb is known as garlic extract. Garlic extract is highly nutritious and contains very few calories. The primary nutrients present in garlic extract are selenium, vitamin C, vitamin B6, fiber, and manganese. It also contains copper, phosphorus, vitamin B1, iron, potassium, and calcium. Health benefits of garlic are well known from centuries. The aging process is used to transform the garlic into effective and powerful antioxidants. The new compound S-Acetylcysteine is produced during the aging process, which enhances the beneficial effects of garlic extract. Garlic extract plays an important role in boosting the immune system, and therefore, increases the disease-resistance ability of human beings.
Browse through 54 Tables & 23 Figures spread over 110 Pages and in-depth TOC on “Global Garlic Extract Market: Type, Size, Trends, Share and Forecast, 2017 – 2024”.
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The global market for garlic extract is in the growth phase and is estimated to record a significant growth rate over the forecast timeframe. The growth of the garlic extract market is largely due to the increasing consumption of garlic extract in food preparation. A wide range of health benefits and medicinal properties associated with garlic extract is estimated to boost the demand for garlic extract in different industries, such as cosmetics and pharmaceutical, in the upcoming years. Moreover, the rising number of fast food services and rapidly evolving cosmetics industry, both in the developing and developed countries, are projected to fuel the expansion of the garlic extract market in forecast timeframe.
Based on the product form, the global market for garlic extract is divided into powder, paste, oil, and granulated. Garlic paste extract is highly popular among the consumers across different regions and this segment is estimated to grow considerably in the forecast timeframe. The rising demand for fast food and spicy foods are estimated to boost the growth of garlic powder of in the forecast timeframe.
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Based on application, the global market for garlic extract is divided into the food industry, cosmetics industry, and pharmaceutical. The food industry is the dominant segment, followed by the pharmaceutical and cosmetics industry. The increasing demand for natural and organic ingredients in cosmetics manufacturing is estimated to drive the growth of the cosmetics segment in the forecast timeframe.
On the basis of the distribution channel, the global market for garlic extract is divided into supermarket, hypermarket, specialty stores, and online sales. The online sales segment is estimated to grow significantly in the forecast timeframe, owing to the higher adoption of online purchasing due to increased smartphone usage.
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The Asia Pacific is projected to dominate the global market for garlic extract, due to the high consumption of garlic extract in the population’s daily diet. The organized retail sector in urban areas across the region is expected to fuel the growth of the garlic extract market in the forecast timeframe. India and China are major countries contributing toward the growth of the Asia Pacific garlic extract market. Moreover, rising preference of consumers toward fast food consumption, growing urbanization, and an increasing number of fast food retailers are the key factors projected to fuel the growth of the Asia Pacific garlic extract market in the near future.
The garlic extract market in North America is projected to account for a considerable share of global garlic extract market in the forecast timeframe. The increasing preference for natural and organic ingredients based on beauty and cosmetic products is expected to boost the demand for garlic extract in the region. Moreover, companies are investing in research on the quality formulation, delivery systems, and packaging. This, in turn, is estimated to enhance the expansion of the garlic extract market in North America during the forecast timeframe.
Browse the full “Garlic Extract Market By Product Form (Powder, Paste, Oil, and Granulated), By Application (Food Industry, Cosmetics Industry, and Pharmaceutical), and By Distribution Channel (Supermarket, Hypermarket, Specialty Stores, and Online Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024” report at https://www.zionmarketresearch.com/report/garlic-extract-market
The European garlic extract market is estimated to register stable growth during the forecast time period. High consumer preference for a healthy diet, to improve digestive health, immunity, and cardiovascular health, is expected to enhance the demand for garlic extract in the food and pharmaceutical industries in the region. Moreover, the increasing consumer inclination toward herbal medicines is anticipated to fuel the growth of the European garlic extract market in the forecast time period.
In the Middle East and Africa region, the garlic extract market is primarily driven by the use of garlic extract as a seasoning in food preparation. Moreover, the increasing penetration of garlic extract in myriad industries is expected to boost the market growth in the Middle East and Africa during the forecast timeframe.
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The market for garlic extract in Latin America is estimated to register a stable growth rate during the forecast timeframe. The increasing consumer awareness regarding anti-bacterial and medicinal properties of garlic extract is projected to fuel the growth of the garlic extract market in this region during the forecast timeframe.
Some key companies included in the global garlic extract market report are Woolworths Limited, Now Foods, Dabur, Mars, Incorporated, Nilon’s, and McCormick, among others.
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This report segments the global garlic extract market as follows:
Global Garlic extract market: Product Form Segment Analysis
Global Garlic extract market: Distribution Channel Segment Analysis
- Online Sales
- Specialty Stores
Global Garlic extract market: Application Segment Analysis
- Food Industry
- Cosmetics Industry
Global Garlic extract market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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