Garlic
extract, a condiment agent used as an ingredient in food as well as
pharmaceutical preparations. Garlic extract is derived from garlic,
which is predominantly cultivated in mainland China and India, and is
traded globally. Since, the ingredient is used as condiment and
flavoring agent in food industry, the growth in demand for garlic
extract has higher correlation with the performance of overall food
and beverages industry. Apart from condiment agent in food, garlic
extract is also used in pharmaceutical formulation. Attributed to its
health benefits which includes its effectiveness in many ailments
associated with heart and blood system, the product has witnessed
increased traction in global market.
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On
the backdrop of continuous increase in demand for the ingredient from
food and beverages, and pharmaceutical industry, existing ingredient
producers included garlic extracts in their product portfolio and
stimulated the global garlic extract market. Global garlic extract
market is characterized by fragmented number of players, largely
operating in regional markets. However, a few multinational players
are strengthening their distribution network to increase market
foothold in markets that has high potential and are unorganized.
Garlic
Extract Market Regional Overview:
Garlic
extract has traditionally been produced and used in China for
centuries and it has been a common ingredient in Mediterranean.
Garlic extract is an important component for several dishes of many
regions, which includes South Asia, eastern Asia, Southeast Asia, the
Middle East, southern Europe, northern Africa, and parts of Central
and South America. In the north-American region the U.S.A. is
prominent consumer for Garlic extract. The U.K. and the Netherlands
are the major consumers for garlic extracts in Western Europe. The
market for garlic extract is expected to show considerably high
growth rate in North American and European region, as recently there
has been an increase in popularity for garlic flavor in these
regions. In Asia-Pacific region India and China are major consumers
for Garlic extract.
Garlic
Extract Market Drivers:
Garlic
extract has a unique pungent and spicy flavor which promotes its
usage as condiment and seasoning agent around the globe. Garlic
extract is a key flavoring agent for fast foods such as pizza,
noodles, garlic bread etc., and there has been an increase the demand
for fast food globally, thereby increasing the market for Garlic
extract.
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Garlic
extract has anti-fungal and anti-bacterial properties which is
promoting its use among athletes for Jock itch or athlete's foot,
which is caused by ring worm. Garlic extract is used in shampoo and
other cosmetic products for the same reason.
Garlic
Extract Market Restraints:
Garlic
extract causes bad breathe, and body odor which decreases its
popularity among the consumers and this significantly restrains the
market growth for garlic extract. Apart from this garlic extract is
known to instigate allergies in a lot of people and it is also
reported to cause burns when applied topically over the skin
resulting in hindrance for garlic extract market growth.
Garlic
Extract Market Key Players:
Some
of the key players of garlic extract market are Now Foods, McCormick,
Mars, Incorporated, Woolworths Limited, Nilon's, Dabur, and others.
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