Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12827.9 Million | USD 15677.57179 Million | 3.4% | 2021 |
FrequentlyAsked Questions
Rising disposable incomes, changing lifestyles, and increasing health awareness among consumers are some important aspects of the growth of the Garlic Extract Market. The demand for garlic extract has rapidly increased and is largely due to the key functional properties offered by garlic
According to the Market Research report, The Garlic Extract Market was worth around USD 12827.9 million in 2021 and is estimated to grow to about USD 15677.57179 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.4 percent over the forecast period.
Asia Pacific market leads the global garlic extract market and is expected to keep on dominating over the forecast period because it is the major producer as well as consumer of garlic. It is used as a basic ingredient for the preparation of different cuisine in the countries such as India, China & Thailand. The North America region is also expected to account for a considerable share of the global garlic extract market in the forecast timeframe. The European garlic extract market is projected to register stable growth during the forecast time period because of the increasing consumer inclination toward herbal medicines.
Some of the main competitors dominating the Garlic Extract Market include - Woolworths Limited, Now Foods, Dabur, Mars Incorporated, Nilon's, and McCormick.
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