Garlic Extract Market Application: Region, Revenue by Product and Competitor with Future insights
Market Overview
Garlic extract is derived from garlic and has a high
anti-oxidant properties. It has several health benefits due to which it is
consumed widely. Its application areas include pharmaceuticals, cosmetics and
various product lines in food and beverage industry. It is used as a seasoning
agent and condiment in a wide array of cuisines. Changing lifestyle leading to
increased consumption of fast foods is driving the growth of garlic extract
market. Moreover, with its health benefiting properties, it is gaining
popularity in pharmaceuticals and personal care industry as well.
Market Forecast
Garlic extract has wide range of application in food and
beverage industry including culinary market, sausage market, beverage market,
spices, seasoning, condiment market and bakery market. Garlic extract has a
unique pungent and spicy flavor which has promoted its usage as condiment and
seasoning agent across the globe. Moreover, the overall performance of food
industry is driving the market of garlic extract. Additionally, its
anti-bacterial and anti-fungal properties have opened the doors for garlic
extract in pharmaceutical and personal care industry.
Furthermore, its health beneficial properties including
reduction in cholesterol, accelerating metabolism and many more have gained
popularity among health conscious consumers which is adding fuel to the market
growth of garlic extract. However, certain consumers are allergic to garlic, which
is a restraint to the growth of garlic extract consumption. Nevertheless, all
these factors are projected to contribute to the estimated CAGR of 3.7% of
garlic extract market application during the forecast period 2017-2023.
Competitive Analysis
The major players in the garlic extract market
- McCormick
& Company, Inc. (U.S.)
- NOW
Foods (U.S.)
- Mars
Incorporated (Australia)
- Woolworths
Limited. (Australia)
- NILON'S.
(India)
- Dabur
(India)
Garlic
extract market application is gaining growth rapidly with its application
in a wide range of products which is attracting new players in the
market. Owing to increase in demand for the ingredient from food and
beverages, existing ingredient producers included garlic extracts in their
product portfolio. This stimulated the garlic extract market. Moreover, focus
on R&D and surge of technologies will boost the garlic extract market over
the forecast period 2017-2023.
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Downstream Analysis
On the basis of product form, garlic extract is segmented as
powder, granulated, oil, paste and others. Among all, paste form of garlic
extract is projected to dominate the market. Owing to its distinctive flavor
and aroma of freshly ground garlic in the food, it has become an integral part
of cooking.
On the basis of application, garlic extract is segmented in
pharmaceuticals, cosmetics, and food and beverage industry including culinary
market, sausage, beverage, spices, seasoning, condiment, and others. Among all,
food and beverage market is dominating the market by its usage in different
product lines. It is an important ingredient used in cooking, adding flavor as
well as health benefits in the food products. It adds spice and seasoning taste
in food products, gaining popularity in food industry worldwide.
Based on the distribution channel, it is segmented as
store-based and non-store based. Store-based distribution channel dominates the
market owing to one stop shopping experience.
Regional Analysis
The global garlic extract industry is segmented into North
America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific market
is dominating the garlic extract market. In Asia Pacific, China and India are
the major consumers of garlic extract. Moreover, there is continuous increase
in the consumption of garlic extract in China. It is used as a basic ingredient
for the preparation of different cuisines in this region. Moreover, U.S. is the
major consumer of garlic extract in North America, driving the growth of garlic
extract in this region.
Furthermore, in Europe, countries that are prominent
consumers of garlic extract are U.K. and the Netherlands. Moreover, increased
popularity among consumers for garlic flavored food products is expected to
drive the growth of garlic extract industry in rest of the world.
Market Segmentation
Garlic Extract industry analysis is segmented on the basis
of product form, application, distribution channel, and region.
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its Impact on Various Industry Verticals and wherever required we will be
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