Global Garlic Market Estimated for Steady Growth at a CAGR of 4.3% during the Forecast Period 2017-2022

Posted on 2018-05-22 by Mark Hub in Food & Beverage // 0 Comments

Fact.MR

Dublin 2, Ireland, 2018-May-22 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of garlic market. The study is titled as “Garlic Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global garlic market.

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According to the report by Fact.MR, the global garlic market is likely to experience moderate CAGR. The market is projected to bring in US$ 19,488.2 million revenue by the end of 2022. Garlic is a common ingredient used while preparing various foods to enhance the taste and also being consumed in a fresh form due to various health benefits offered. Manufacturers are also researching on various methods to retain all the antibiotic properties of garlic even after processing it or mixing it with other foods.

3 Forecast Highlights on Global Garlic Market

1. Asia Pacific Excluding Japan (APEJ) is expected to emerge as one of the biggest markets in the global garlic market. Witnessing a steady growth rate during the forecast period, APEJ garlic market is estimated to exceed US$ 8,200 million value by 2022 end. China and India are the two highest garlic producing countries in the APEJ region. Moreover, initiatives by the government in both the countries are also supporting the garlic production.

2. Europe and North America are also expected to experience moderate growth in the global garlic market.

3. Hard Neck garlic is expected to be one of the highly preferred garlic product. Hard neck garlic is estimated to reach nearly US$ 13,000 million revenue by 2022 end. Meanwhile, the soft neck is also expected to account for more than one-third of the revenue share by 2017 end.

Garlic in Fresh Form to be Highly Preferred

Among various forms of garlic available in the market such as frozen, dehydrated, canned or preserved, fresh form of garlic is likely to be the most preferred form. Garlic in fresh form is projected to surpass US$ 11,100 million revenue towards the end of 2022. On the other hand, garlic in dehydrated form is also likely to experience moderate growth throughout the forecast period.

Garlic to Find Largest Application in Culinary

Culinary is likely to emerge as one of the largest users of garlic. Culinary is projected to surpass US$ 8,800 million revenue by the end of 2022. It is also expected to gain over two-fifth of the share in terms of the revenue towards 2017 end.

Hard Neck Garlic- Top-Selling Product

Compared to the soft neck garlic, hard neck garlic is likely to emerge as the top-selling product in the global garlic market. Gaining nearly two-third of the share in terms of the revenue towards the end of 2017, hard neck garlic is projected to create incremental opportunity exceeding US$ 2,600 million during 2017-2022.

Competition Tracking

The report provides a detailed profile of the key companies, anticipated to stay active and play a major role in the growth of global garlic market through 2022, which include Italian Rose Garlic Products Inc., The Garlic Company, California Garlic Company, Mcfadden Farm, Mr. Lucky, Monterey Bay Spice Company Inc., Filaree Garlic Farm, Shandong Liancheng Garlic Industry Co., Ltd, Atmiya International, and South West Garlic Farm.

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Table of Content:

1. Global Garlic Market – Executive Summary

2. Global Garlic Market Overview
2.1. Introduction
2.1.1. Global Garlic Market Taxonomy
2.1.2. Global Garlic Market Definition
2.2. Global Garlic Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Garlic Market Y-o-Y Growth
2.3. Global Garlic Market Dynamics
2.4. Value Chain
2.5. Supply Chain
2.6. Trade Analysis
2.7. Product Innovations
2.8. List of Distributors
2.9. Key Participants in the Market

3. Global Garlic Market Analysis and Forecast By Product Type
3.1. Global Garlic Market Size and Forecast By Product Type, 2012-2022
3.1.1. Hard Neck Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Soft Neck Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

Continued………

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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