The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Garlic Global Market Report 2024 offers crucial insights into the garlic market help businesses analyse and build stronger strategies.

Growing Market Size

• Strong Growth: The garlic market size has seen robust growth, rising from $21.25 billion in 2023 to an anticipated $22.45 billion in 2024, reflecting a 5.7% compound annual growth rate (CAGR).
• Driving Factors: Increased awareness of garlic’s health benefits, higher demand for convenience foods, the expansion of the food industry, international trade policy changes, and climate factors have fueled this growth.

Future Projections

• Continued Expansion: The market is expected to grow further, reaching $28.27 billion by 2028 with a CAGR of 5.9%.
• Contributing Trends: Key factors include a focus on health and wellness, the rise of modern retail channels, consumer preference for organic and sustainable foods, urbanization, and lifestyle changes.

Trends Shaping the Market

Advancements in Processing Technologies

• Innovation: Development of new processing technologies enhances product quality and extends shelf life.
• Value-Added Products: Introduction of new garlic varieties and value-added products cater to diverse consumer preferences.

Technology-Driven Farming Practices

• Efficiency: Adoption of technology in farming improves yield and sustainability.
• Sustainability Initiatives: Emphasis on sustainable garlic cultivation aligns with growing consumer demand for eco-friendly products.

Read The Full Garlic Market Report Here:
https://www.thebusinessresearchcompany.com/report/garlic-global-market-report

Impact of Organic and Natural Food Products

• Consumer Demand: Increasing health consciousness and demand for transparency drive the popularity of organic and natural foods.
• Organic Farming: Garlic’s alignment with organic farming principles supports its market growth.
• Market Statistics: Organic industry sales in the U.S. surpassed $63 billion in 2022, with organic food sales reaching $57.5 billion, indicating a growing market.

Major Players in the Garlic Market

• Key Companies: The Spice Hunter Inc., Ajinomoto Co. Inc., McCormick And Company Inc., and Daesang Corporation are some prominent names.
• Innovative Products: Companies like Sabinsa Corp. are focusing on products like standardized aged garlic extracts to stay competitive.

Development of Standardized Aged Garlic Extract

• Product Innovation: Standardized aged garlic extracts offer reduced pungency and increased bioavailability of beneficial compounds.
• Market Introduction: In November 2023, Sabinsa Corp. launched a new aged garlic ingredient targeting the cardiovascular health supplement industry.

Strategic Acquisitions

• Market Expansion: In March 2023, Diplomat Holdings Ltd. acquired a 51% stake in Garlic & Herbs Dorot Agricultural Cooperation Ltd., strengthening its position in the food industry.
• Portfolio Diversification: This acquisition enables Diplomat Holdings to expand its product offerings and market reach.

Regional Insights

• Asia-Pacific Dominance: The Asia-Pacific region was the largest in the garlic market in 2023 and is expected to continue its rapid growth during the forecast period.
• Market Segmentation: The market is segmented by type (Hardneck and Softneck Garlic), form (Fresh, Dehydrated, Frozen, Preserved or Canned), and application (Culinary, Soups, Sauces, Snacks, Bakery Products, Fast Food, Meat and Poultry Products, etc.).

Conclusion

The garlic market is poised for significant growth, driven by increasing health consciousness, advancements in technology, and the rising popularity of organic products. With major players investing in innovative products and strategic acquisitions, the market is set to expand rapidly, especially in the Asia-Pacific region.

Get A Free Sample On The Global Garlic Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=15176&type=smp

The Garlic Global Market Report 2024  provides a comprehensive outlook of the garlic market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The garlic market forecast offers a thorough analysis on garlic market size, garlic market share, prominent players and their strategies.

The Table Of Content For The Garlic Market Include:
1. Garlic Market Executive Summary
2. Garlic Market Segments
3. Garlic Market Size And Garlic Market Growth Rate
4. Key Garlic Market Trends
5. Major Garlic Market Drivers
……
25. Key Mergers And Acquisitions In The Garlic Market
26. Top Garlic Companies
27. Garlic Market Opportunities And Strategies
28. Garlic Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:
Dehydrated Garlic Global Market Report 2024
Agriculture And Forestry Services Global Market Report 2024
Irrigation Controller For Agriculture Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: