Revenue From Sales of Garlic Market To Witness Relatively Significant Growth During   2022 – 2031 : Fact.MR

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Frozen Garlic. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Frozen Garlic Market across various industries and regions.

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Fact.MR’s recent study on the global garlic market projects that the market is likely to experience a CAGR exceeding 5% during the 2021-2031 forecast period. The market is projected to bring in US$ 19.5 Bn in revenue by the end of 2022. Prominent manufacturers are experimenting with multiple garlic formats- including pastes, powder and fresh forms respectively. High preference for black garlic is spurring countless product innovations, broadening overall market growth prospects for the future.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Frozen Garlic market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Frozen Garlic.

This newly published and insightful report sheds light on Market Insights of Frozen Garlic, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Frozen Garlic Market.

Manufacturers are also offering and exporting garlic products to the countries to be used in the off-season when garlic is not available in the market. Garlic is also being used in variety of food products in order to increase their shelf-life. This report, published by Fact.MR, provides in-depth analysis of the global garlic market for the forecast period 2017-2022, and offers key insights about future market direction.

Key Segments Covered

  • Product Type

    • Hard Neck Garlic
    • Soft Neck Garlic
  • Form

    • Fresh Garlic
    • Dehydrated Garlic
    • Frozen Garlic
    • Preserved/Canned Garlic
  • Application

    • Garlic for Culinary Applications
    • Garlic for Soups, Sauces and Dressings
    • Garlic for Snacks & Convenience Foods
    • Garlic for Bakery Products
    • Garlic for Fast Food Restaurant Chains
    • Garlic for Meat & Poultry Products
    • Garlic for Other Applications

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Key Takeaways from the Market Study

  • Global market for garlic to expand 1.6x until 2031, compared to 2021
  • Culinary garlic applications to remain prominent, generating over 2 out of 5 sales through 2031
  • Fresh garlic to generate revenues worth US$ 11.1 Bn by 2022, attributed to greater effectiveness
  • Hard necked garlic likely to generate incremental $ opportunity worth US$ 2.6 Bn by 2031
  • Asia to emerge as an opportunistic region, surpassing US$ 8.1 Bn in value in the short-run
  • U.S to experience noteworthy expansion, registering a CAGR of nearly 5% through 2031
  • China to be an important investment destination, yielding 4 out of 5 garlic sales

“Growing inclination towards consuming spice-rich foods as well as preference for naturally sourced vitamins and minerals is augmenting demand for garlic across key regions,” comments the Fact.MR analyst.

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Competitive Landscape

The global garlic market is highly competitive in nature. The global reach of well-established market players and high capital investment for entering the market has created barriers for new market players.

Leading market players are focusing their efforts on developing innovative products to strengthen their position in the global market and are adopting strategies like acquisitions and mergers.

  • For instance, the Garlic Company provides premium quality California garlic to food service, industrial, and retail customers. Offering pack types in the fresh whole bulb, peeled, diced, pureed, or frozen form, the company delivers the consistent, delicious flavor of California garlic to everyone’s favorite foods.
  • In January 2021, Frontenac acquired Monterey Bay Spice Company- a processor and distributor of botanicals, herbs, teas, essential oils, seasonings and spices. This acquisition will help Frontenac expand its outreach in the global food & beverage industry

Key Question answered in the survey of Frozen Garlic market report:

  • Sales and Demand of Frozen Garlic
  • Growth of Frozen Garlic Market
  • Market Analysis of Frozen Garlic
  • Market Insights of Frozen Garlic
  • Key Drivers Impacting the Frozen Garlic market
  • Which are the Key drivers impacted by Frozen Garlic market
  • Restraints Shaping Market Growth
  • Market Survey of Frozen Garlic

More Valuable Insights on Frozen Garlic Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Frozen Garlic, Sales and Demand of Frozen Garlic, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

For More Insight https://www.entrepreneur.com/article/431147

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