Garlic Extract Market Type Statistics, Trends, Segmentation Analysis and Forecast to 2027
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 Type.
Moreover, with its health benefiting properties, it is gaining popularity in
pharmaceuticals and personal care industry as well.
Competitive Analysis
The major players in the Garlic
Extract Market Type
McCormick & Company, Inc. (U.S.)
NOW Foods (U.S.)
Mars Incorporated (Australia)
Woolworths Limited. (Australia)
NILON'S. (India)
Dabur (India)
Garlic extract industry 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 industry. Moreover, focus on R&D and surge of technologies will boost the Garlic Extract Market Type over the forecast period 2017-2023.
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 Market
Type is segmented into North America, Europe, Asia Pacific and rest of the
world (RoW). Asia Pacific market is dominating the Garlic Extract Market Type.
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.
NOTE: Our Team of Researchers are Studying Covid19
and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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