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.
The global market discussion on garlic industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Garlic Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on garlic market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.
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According to a study by Fact.MR, the global garlic market is expected to experience moderate growth. The market is estimated to register 4.3% CAGR during the forecast period 2017-2022. Due to the increasing consumption of garlic as an ingredient in various foods and also being used as a traditional medicine, the demand of garlic is boosting. Manufacturers are also producing garlic in various forms such as paste, powder, oil, etc. to make it easy to use and to also balance the flavor. Below are some of the insights on how the global garlic market will perform in the next five years.
4 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.
4- Garlic in fresh form is expected to witness the highest growth as compared to any other form. Fresh form of garlic is estimated to create an incremental opportunity of more than US$ 2,000 million between 2017 and 2022.
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.
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.
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Table of Contents:
- Global Garlic Market – Executive Summary
- Global Garlic Market Overview
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
- 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
220.127.116.11. Revenue (US$ Mn) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
3.1.2. Soft Neck Market Size and Forecast, 2012-2022
126.96.36.199. Revenue (US$ Mn) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
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