The garlic global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Garlic Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 growth in the historic period can be attributed to growth in awareness of the health benefits of garlic, rise in demand for convenience foods, expansion of the food industry, changes in international trade policies, and changes in climate and environmental factors.
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%. The growth in the forecast period can be attributed to a growing focus on health and wellness, increasing penetration of modern retail channels, growing consumer preference for organic and sustainably sourced foods, urbanization, and changing consumer lifestyles. Major trends in the forecast period include advancements in processing technologies, expansion of value-added products, introduction of new garlic varieties, adoption of technology-driven farming practices, and sustainability initiatives in garlic cultivation and processing.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
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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Regional Insights –
Asia-Pacific was the largest region in the garlic market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the garlic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the garlic market report are <b>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 </b>
Table of Contents
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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