ID: MRFR/F-B & N/3129-HCR | 110 Pages | Published By Snehal Singh on April 2023
Garlic Extract Market size is projected to reach approximately USD 15697.51 million by 2030, at a CAGR of 3.8% from 2021 to 2030
2022 to 2030
The garlic extract market has been a growing market in the past few years. Garlic is a popular ingredient in many remedies and is believed to have antibacterial properties and have appetite-suppressing, blood thinning, and cholesterol-lowering properties. Garlic extract is being used for all sorts of things, from food, cosmetics, and pharmaceuticals. Not surprising that the garlic extract market has been booming, with sales increasing by 20% year-over-year.
COVID-19 has had an immediate and detrimental effect on the global garlic market. After this new legislation, demand for garlic fell worldwide.
With the intensification of conditions in COVID-19, demand for garlic has decreased, and prices have risen. China supplies eighty percent of the world's garlic, so other countries disproportionately feel China's decrease in supplies.
As lockdown has been going on, the market value of garlic has gone down. Restaurants have been the primary consumers of garlic, and since they cannot serve their foods due to blackout restrictions, it is not uncommon for restaurants to close. As a result, this leads to a sharp decline in sales from that kind of company.
Drivers: Some of the factors driving the global garlic extract market are: increasing consumer preference for functional foods and a reduction in concerns about food safety and quality; increasing availability of extraction technologies; and changes in legislation related to labeling requirements. Global garlic production is expected to grow at a CAGR of 2.8% and reach 26.2 million tonnes by 2022. This is largely due to the increased demand for the key functional properties offered by garlic, such as antioxidation, antioxidant protection, anti-inflammatory activity, and other health benefits.
Restraints: The restraints can be poor climatic conditions in certain areas. Due to this, the production of garlic might get hampered. Along with natural causes, the lack of demand for the product, poor extraction methods lead to lesser effectiveness in prevention, and potential side effects like a stomach ache are also restraints. There is a need for further research in order to improve the production and marketing of garlic extracts.
Opportunities: The extract market of garlic is a lucrative business with rapid growth. The extract market is also becoming increasingly important because of the benefits it offers to consumers. Garlic extract has been used as a source of antioxidants and antioxidants for centuries. It is one of the most powerful supplements available to help maintain the body's health and wellness. Garlic Extract types:
Challenges: The challenges of the garlic extract market are mainly due to the lack of demand from a certain region of the world, which leads to insufficient production capacity from farmers. In China, there have been restrictions on importing products from India because of the rising demand for Indian garlic. This has made it difficult for Indian traders to export their products, leading them into a financial crisis. The major challenges that have come up are due to climate changes, which have led to garlic not being able to grow at the same rates.
Value Chain Analysis
The Garlic extract market is very competitive, with different brands coming up with new products every day because it's an extensive sector with many brands spread across countries, making it difficult for customers to choose one brand over another. Value chain analysis is an economic tool that helps to understand how different participants in the supply chain are connected with one another. It helps to determine where potential opportunities for improvement lie and provides insights on how to move forward. Value chain analysis of the garlic extract market deals with the various activities that take place in the garlic extract production process. We can harvest, produce, move, trade, and consume all these activities.
Application Areas: Garlic extract is a supplement that can be ingested in foods, beverages, and supplements. It is a result of the concentration of naturally occurring compounds called sulfur-containing sulfur compounds or organosulfur compounds.
The molecules have antimicrobial, antioxidant, anti-inflammatory, and antibacterial properties. They are most widely used in the food industry for preserving food and improving its taste and smell. Garlic extract is also used in manufacturing textiles, leather goods, detergents, cosmetics, and pharmaceuticals.
In the last few years, the garlic extract market has seen substantial growth with application areas such as apitherapy (treatment of bee infestation), health care (cosmetic use), animal husbandry (treatment of livestock infections) coming into the limelight owing to its effective nature.
Properties End Users get: Garlic extract is a mixture of water, alcohol, and allicin. It is often used as both an aroma and flavor enhancer in various food products. Allicin has been reported to have anti-inflammatory properties that help to reduce the risk of heart disease. People who take garlic extract have been able to lower their blood pressure by up to 12 points within just 2 weeks. Garlic extract also has antioxidant properties that offer health benefits.
It contains vitamins B6, C, D, selenium, magnesium, iron, and copper that are able to improve your immune system function. At the same time, allicin can help to relieve common cold symptoms by killing bacteria in your nose or throat. Garlic extract is very popular, especially among natural food consumers but growing awareness among the elite segment.
Garlic is Korea's most important export, under $700 million per year, with China leading the way. India and South East Asia follow in second and third, respectively. Korea is dominated by garlic extract sales in its global market, but they are only 2 domestically in terms of importance. Garlic is an essential ingredient in many types of recipes and is often used with various spices. Some regions grow it best at specific temperatures, and China exports the most.
Garlic is a popular food that has been used by people for centuries. There are several varieties of garlic that are produced throughout the world. The two most famous garlic varieties are Chinese garlic and Spanish garlic. The demand for this product has been increasing in recent times due to its medicinal properties and ability to boost immunity. This increased demand has led to a rise in the global production of this product, which is expected to continue into the future. The key players are:
The garlic extract market is expected to grow at a healthy pace during the forecast period under the pressure of increasing demand for healthy products among consumers, rising sales of functional foods, and growing awareness about the health benefits of garlic extract.
The main driving factors for this industry are the growing number of consumers opting for healthier diet choices and government initiatives aimed at improving public health.
As traditional methods of extracting garlic are not efficient enough to meet the demand, several companies have come up with innovative solutions that use newer technology to extract garlic from plant materials. These innovations not only benefit consumers but also help producers grow their businesses.
The Garlic Extract market saw rapid development in recent years with the advent of new extraction techniques and consumer preferences. A number of companies have come up with more efficient ways to extract the herb from plant materials without any degradation or loss in quality.
This is a market research report on the Garlic Extract Market. It provides an in-
depth analysis of the global market size along with insights into various segments within it.
Rest of the world
The food industry would influence the garlic extract market growth.
China, Spain, India, the Netherlands, and Argentina are major producers of the garlic extract market.
The Asia Pacific region has the lead in the garlic extract market.
Garlic extract market players are NOW Foods (U.S.), Mars Incorporated (Australia), McCormick & Company, Inc. (U.S.), NILON'S. (India), Woolworths Limited. (Australia), Dabur (India), and others.
Garlic extract market report includes store-based and non-store-based segments as distribution channels.