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

Global garlic extract market expected to reach approximately USD 15.30billionby 2024, growing at a CAGR of around 3.7% between 2018 and 2024. The global market for garlic extract is in the growth phase and is estimated to record a significant growth rate over the forecast timeframe.

13-Nov-2018 | Number of pages: 110 | Report Code: ZMR-2019 | Report Format : | Status : Published

Analysis

Garlic extract is the alcoholic extract derived from the garlic bulb or garlic plant. It exhibits latent antineoplastic activity. Traditionally, garlic plant has long been considered beneficial for human health and has been used as an anti-infective, a rubefacient, an antihypertensive, and an anthelmintic. Both fresh and aged garlic extracts contain diallyl and allyl propyl disulfides compounds with potent cholesterol-lowering and antioxidant properties. Garlic extract acts as an insect repellent, antioxidant, purifying, protective, antimicrobial, anti-dandruff, and anti-aging agent. However, regular consumption of garlic extract might act as a preventative for cardiovascular diseases and atherosclerosis.

High consumption of garlic extract as a seasoning and flavoring agent in various food items is driving the growth of the global garlic extract market. Anti-bacterial and anti-fungal properties associated with garlic extract are anticipated to boost the demand for garlic extract in the cosmetic and pharmaceutical industries. Additionally, the rising consumer preference for various fast food products including garlic bread, noodles, pizza, etc., is expected to fuel the growth of the garlic extract market in the forecast timeframe.

garlic extract market

Based on garlic extract product form, the market is segmented into powder, paste, oil, and granulated. Garlic paste segments widely preferred for food preparation and this is projected to witness a considerable CAGR in the forecast timeframe. A second important form of garlic extract is powder garlic which is exhibiting promising growth currently, due to its high consumption in fast-food preparation. Based on application, the market is segmented into the food industry, cosmetics industry, and pharmaceutical. The increasing consumption of garlic extract as a seasoning and flavoring agent is fueling the growth of the segment. The growing consumer inclination toward fast-food products is projected to fuel the growth of the food industry segment in the forecast period. Based on the distribution channel, the market is classified into online sales, supermarket, specialty stores, and hypermarket. Supermarket segment accounted for the largest market share in 2017. Rapidly developing infrastructure and expansion of organized retail industry in both urban and rural areas are projected to enhance the growth of the hypermarket segment during the forecast span.

Based on geography, the global market for garlic extract is classified into Europe, North America, Asia Pacific, Latin America, and the Middle East and  Africa. The Asia Pacific garlic extract market dominated the global garlic extract market in 2017. The region is projected to be followed by North America, due to the growing preference for garlic flavor in food preparation. Canada and the U.S. are major countries anticipated to contribute toward the growth of the garlic extract market in North America in the forecast timeframe. Another important region in the global garlic extract market is Europe and is projected to witness a significant CAGR in the forecast timeframe. The consumption of garlic extracts in daily food items and rising fast-food consumption are the key factors projected to fuel the growth of the garlic extract market in the Middle East and Africa in the forecast timeframe. The market for garlic extract in Latin America is expected to develop moderately in the near future, due to growing consumer awareness regarding the health benefits associated with the consumption of garlic extract.

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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