Garlic Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The new report published by The Business Research Company, titled "Garlic Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the garlic market size has grown strongly in recent years. It will grow from $21.25 billion in 2023 to $22.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The garlic market size is expected to see strong growth in the next few years. It will grow to $28.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.

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Impact of Rising Popularity of Organic And Natural Food Products On The Garlic Market
The rising popularity of organic and natural food products is expected to propel the growth of the garlic market going forward. Organic and natural food products are food substances produced without synthetic chemicals, pesticides, or genetically modified organisms (GMOs), and they are minimally processed and free from artificial additives. Demand for organic and natural food products is on the rise due to several factors, including increasing health consciousness among consumers and a growing need for transparency in the food supply chain. Garlic provides a potent and natural garlic flavor without the need for artificial additives or flavor enhancers. Moreover, garlic cultivation aligns well with organic farming principles, which emphasize soil health, biodiversity, and sustainability. For instance, in June 2022, according to a survey published by the Organic Trade Association (OTA), a US-based business association for the organic industry in North America, it was revealed that organic industry sales surpassed $63 billion, with $1.4 billion (2%) in total growth over the preceding year. Additionally, organic food, which accounted for over 90% of organic product sales, experienced 2% growth, reaching $57.5 billion. Therefore, the rising popularity of organic and natural food products is driving the growth of the garlic market.

Development Of Standardized Aged Garlic Extract In The Garlic Market
Major companies operating in the garlic market are increasing their focus on developing innovative products, such as standardized aged garlic extracts, to gain a competitive edge in the market. Standardized aged garlic extracts are derived from garlic that has been aged to reduce its pungency and increase its bioavailability of beneficial compounds, typically containing a specified amount of key active ingredients, such as S-allyl cysteine. For instance, in November 2023, Sabinsa Corp., a US-based company that manufactures herbal extracts, phytonutrients, and specialty fine chemicals, launched a new aged garlic ingredient standardized to contain 0.5% S-allyl cysteine (SAC), the active constituent known for its cardiovascular health benefits. This targets manufacturers in the cardiovascular health supplement industry. The product aims to address consumer concerns about the strong odor associated with fresh garlic by providing the benefits of aged garlic while reducing its pungency.

The garlic market covered in this report is segmented -

1) By Type: Hardneck Garlic, Softneck Garlic
2) By Form: Fresh, Dehydrated, Frozen, Preserved Or Canned
3) By Application: Culinary, Soups, Sauces, And Dressings, Snacks And Convenience Food, Bakery Products, Fast Food Restaurant Chains, Meat And Poultry Products, Other Applications

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Major companies operating in the garlic market report are The Spice Hunter Inc., Ajinomoto Co. Inc., McCormick And Company Inc., Daesang Corporation, The Hain Celestial Group Inc., Dabur India Ltd., Eastern Condiments Pvt. Ltd., Nilon's Enterprises Pvt. Ltd., C.F. Sauer Company, ADF Foods Ltd., Cremica Food Industries Ltd., MTR Foods Pvt Ltd., The Garlic Company LLC, Italian Rose Garlic Products Inc., Gedney Foods Company, Morton And Bassett Spices LLC, Veeba Food Services Pvt. Ltd., Atmiya International, California Garlic Company, Filaree Garlic Farm, Mcfadden Farm, Monterey Bay Spice Company Inc., South West Garlic Farm

Contents of the report:
1. Executive Summary
2. Garlic Market Report Structure
3. Garlic Market Trends And Strategies
4. Garlic Market - Macro Economic Scenario
5. Garlic Market Size And Growth
…..
27. Garlic Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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