Global Garlic Ingredient – Market Outlook
Garlic has a distinct pungent and spicy taste that encourages its use across the globe as a seasoning agent. Garlic is a key flavoring agent for fast foods such as pizza, noodles, etc. and the demand for fast food has been growing globally, thereby raising the demand for garlic ingredient worldwide. Garlic has been produced and used for centuries in China and has been a popular ingredient in the Mediterranean. Garlic ingredient is an essential component of many regional dishes as well. Garlic has anti-fungal and anti-bacterial properties which encourage its use by consumers around the world.
Garlic powder is a seasoning made from dehydrated garlic and used in flavor enhancement cooking. Garlic extract, a condiment ingredient used in food as well as in pharmaceutical products. Garlic extract or oleoresin is obtained from garlic, which is primarily grown in India and China, and exported worldwide. The ingredient is used in the food industry as a condiment and flavoring agent, the increase in demand for garlic extract has increased with overall growth in the food industry.
High Demand of ready to use products increasing the sales of garlic ingredient
Improving consumer lifestyle, rapid urbanization, high disposable income is increasing demand for convenience food on the go, driving the growth of the ready-to-use product market. The rapid urbanization has changed food consumption patterns among consumers, increased spending on such ready to eat and use food products, and lack of time at home to cook is the major factor propelling the demand of garlic paste, garlic flakes, and other ingredients.
Demand for food and beverage ingredients, and the pharmaceutical industry, existing ingredient suppliers included garlic ingredient in their product range and boosted the global market for garlic ingredient. The global market for garlic ingredient is considered by a small number of players, operating primarily on regional markets. Even then, a few global players are expanding their distribution network to expand market presence in high potential and unorganized markets.
The increasing popularity of Oleoresins boosting the global garlic ingredient market
The shelf-life of raw spices is usually very limited to a few months, as compared to a longer shelf-life of oleoresins, up to several months. The increased visibility of nutritious foods and ethnic diets in recent years has also given the ingredient industry a boost in terms of generating revenues.
Increased demand for oleoresins in all the region across the world is propelling the garlic ingredient market. Garlic oleoresin owing to its health benefits is gaining popularity which is expected to witness prominent growth in the near future.
Global garlic Ingredient Market – Segmentation
Based on nature, the global garlic ingredient market is segmented as
Based on product type, the global garlic ingredient market is segmented as
Based on application, the global garlic ingredient market is segmented as
Based on the region, the global garlic ingredient market is segmented as
Global Garlic Ingredient Market – key Players
Some of the key players of the global garlic ingredient market are Synthite, Indo World, Naturite Agro Products Ltd. Universal Oleoresin, McCormick & Company, Inc., Sensient Technologies, Simply Organic Limited, Pereg Gourmet Spices, and others.
Impact of COVID-19 on Global garlic ingredient market
Although the COVID-19 pandemic still affects the development of various industries, the immediate impact of the outbreak is varied. While a few industries will observe a drop in demand, many others will remain completely undamaged and show promising growth prospects. The COVID-19 pandemic has substantially changed in the food and drink supply chain.
The closed food service industry may impact the overall revenue generated by the market but despite this challenge the garlic ingredient market is expected to witness growth in sales post pandemic era.
Global Garlic ingredient Market - Opportunity
The garlic ingredient market will show a significantly high growth rate in the North American and European regions, as the popularity of garlic flavor has recently increased in those regions. India and China are big consumers of garlic ngredinet in the Asia-Pacific region.
Increasing food and spice varieties and rising customer tastes for flavorful and spicy food all over the world are growing demand for garlic ingredients. Growth in the adoption of more plant-based ingredients in food is opening doors for the players to show presence in the high potential market. Expanding the foodservice industry in countries like India and China is creating space for the garlic ingredient manufacturers.