Overview and Scope
Garlic, scientifically known as Allium sativum, is a species in the onion genus Allium. It is characterized by its pungent aroma and distinctive taste, owing to numerous sulfur compounds, notably allicin, which contribute to its characteristic scent and potential health benefits. Garlic is a staple ingredient in global culinary traditions and is utilized in traditional medicine and herbal remedies for its antimicrobial and anti-inflammatory properties.
Sizing and Forecast
The garlic market size has grown strongly in recent years. It will grow from $21.25 billion in 2023 to $22.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in awareness of the health benefits of garlic, rise in demand for convenience foods, expansion of the food industry, changes in international trade policies, and changes in climate and environmental factors.
The garlic market size is expected to see strong growth in the next few years. It will grow to $28.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to a growing focus on health and wellness, increasing penetration of modern retail channels, growing consumer preference for organic and sustainably sourced foods, urbanization, and changing consumer lifestyles. Major trends in the forecast period include advancements in processing technologies, expansion of value-added products, introduction of new garlic varieties, adoption of technology-driven farming practices, and sustainability initiatives in garlic cultivation and processing.
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Segmentation & Regional Insights
The garlic market covered in this report is segmented –
1) By Type: Hardneck Garlic, Softneck Garlic
2) By Form: Fresh, Dehydrated, Frozen, Preserved Or Canned
3) By Application: Culinary, Soups, Sauces, And Dressings, Snacks And Convenience Food, Bakery Products, Fast Food Restaurant Chains, Meat And Poultry Products, Other Applications
Asia-Pacific was the largest region in the garlic market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the garlic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising popularity of organic and natural food products is expected to propel the growth of the garlic market going forward. Organic and natural food products are food substances produced without synthetic chemicals, pesticides, or genetically modified organisms (GMOs), and they are minimally processed and free from artificial additives. Demand for organic and natural food products is on the rise due to several factors, including increasing health consciousness among consumers and a growing need for transparency in the food supply chain. Garlic provides a potent and natural garlic flavor without the need for artificial additives or flavor enhancers. Moreover, garlic cultivation aligns well with organic farming principles, which emphasize soil health, biodiversity, and sustainability. For instance, in June 2022, according to a survey published by the Organic Trade Association (OTA), a US-based business association for the organic industry in North America, it was revealed that organic industry sales surpassed $63 billion, with $1.4 billion (2%) in total growth over the preceding year. Additionally, organic food, which accounted for over 90% of organic product sales, experienced 2% growth, reaching $57.5 billion. Therefore, the rising popularity of organic and natural food products is driving the growth of the garlic market.
Key Industry Players
Major companies operating in the garlic market report are The Spice Hunter Inc.; Ajinomoto Co. Inc.; McCormick And Company Inc.; Daesang Corporation; The Hain Celestial Group Inc.; Dabur India Ltd.; Eastern Condiments Pvt. Ltd.; Nilon’s Enterprises Pvt. Ltd.; C.F. Sauer Company; ADF Foods Ltd.; Cremica Food Industries Ltd.; MTR Foods Pvt Ltd.; The Garlic Company LLC; Italian Rose Garlic Products Inc.; Gedney Foods Company; Morton And Bassett Spices LLC; Veeba Food Services Pvt. Ltd.; Atmiya International; California Garlic Company; Filaree Garlic Farm; Mcfadden Farm; Monterey Bay Spice Company Inc.; South West Garlic Farm
The garlic market report table of contents includes:
1. Executive Summary
2. Garlic Market Characteristics
3. Garlic Market Trends And Strategies
4. Garlic Market – Macro Economic Scenario
5. Global Garlic Market Size and Growth
…
32. Global Garlic Market Competitive Benchmarking
33. Global Garlic Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Garlic Market
35.Garlic Market Future Outlook and Potential Analysis
36. Appendix
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