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.
Manufacturers are trying to make it convenient to use garlic in cooking by offering it in various forms such as powder, paste, etc. However, people still prefer to use garlic in its fresh form. In some of the regions, black garlic which is obtained from fresh garlic is also being consumed on a large scale as it is considered more beneficial than fresh garlic. In this process, fresh garlic is fermented for a period of time to convert it into black garlic. Meanwhile, garlic infused dipping oils are also being used as salad dressings and to add flavor to pastas, etc.
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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 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.
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.
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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.
5- Garlic is expected to be widely used in culinary. By 2022 end, culinary is estimated to reach nearly US$ 8,900 million revenue. Although garlic is also expected to find large application in soups, sauces, and dressings.
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.
Table of Contents
1. Global Garlic Market – Executive Summary
2. 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
3. Global Garlic Market Analysis and Forecast By Product Type
3.1. Global Garlic Market Size and Forecast By Product Type, 2012-2022
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