Global Garcinia Market Overview 2019 - Guangdong Hybribio, Hunan Huacheng Biotech Inc., Hunan Nutramax Inc., Nuvaria Ingredients, Ambe Phytoextracts Private Ltd., Honson Pharmatech Group Ltd. And Many More

Garcinia is fruit from mangosteen family that has culinary, pharmaceutical and industrial uses. It contains hydroxycitric acid which is considered as an effective alternative to prevent fat storage, control appetite and improve body endurance towards exercise. Market Research Future (MRFR) has published a report stating that the global garcinia market is marked to expand at a moderate growth rate during the forecast period of 2018-2023.

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Market Segmentation:

The global garcinia market has been segmented based on form and application. Based on form, the garcinia market has been segmented into powder, liquid and others. Among these, the powder form forecasted to dominate the global garcinia market owing to its extensive use in manufacturing various products. Based on application, the garcinia market has been segmented into foods & beverages, functional foods & dietary supplements, and others. Among these, the functional foods & dietary supplements segment is marked to dominate the global garcinia market, owing to the high demand for garcinia in dietary supplements. This segment is also projected to be the fastest growing segment in the global garcinia market during the forecast period.

Prominent Key Players

The major player profiled by MRFR that are operating in the global garcinia market are Hunan Huacheng Biotech Inc. (China), Guangdong Hybribio Biotech Co., Ltd. (Hong Kong), Hunan Nutramax Inc. (China), Nuvaria Ingredients (the U.S.), Ambe Phytoextracts Private Ltd. (India), Indfrag Limited (India), Honson Pharmatech Group Ltd. (Canada), Xi'an Lyphar Biotech Co., Ltd. (China), Sia Fruits Serviss, Zeon Health UK Ltd. (the U.K) and others.

Regional Analysis

Geographically, the global garcinia market has been segmented into Asia Pacific, North America, Europe and the rest of the world. The Asia Pacific region is anticipated to project dominance over the global garcinia market. The Southeast Asian Countries and India are the major producers of garcinia as the tropical climate promotes the growth of garcinia plantation.

Hence, the Asia Pacific region is also projecting the fastest growth in the global garcinia market. Increased research for the development of highly effective weight management supplements from garcinia is aiding the growth of the garcinia market in the Europe region. The North America region is projecting noteworthy growth in the global garcinia market owing to the high demand for natural and organic health supplements due to increasing prevalence of obesity in this region.

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Industry/ Innovation/ Related News:

October 2018 Market Research Future has published a half-cooked research report on the Global Garcinia Market.

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