Press release
Garlic Oleoresin Market is expected to surpass the value of US$ 320.5 Mn By 2032
Garlic Oleoresin Market Outlook 2031The global garlic oleoresin market was valued at US$ 131 Mn in 2022
It is estimated to expand at a CAGR of 9.4% from 2022 to 2032
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The global garlic oleoresin market is expected to reach US$ 320.5 Mn by the end of 2032
Garlic Oleoresin Market: Overview
The global garlic oleoresin market is currently valued at US$ 131 Mn in 2022 end, and is expected to reach US$ 320.5 Mn by the end of 2032
Based on nature, conventional segment of the garlic oleoresin market holds a market volume share of around 93.8% and is estimated at more than 800 Metric Tons in 2022
Based on end use, food & beverage segment holds a majority of value share of around 75.0% with a value of US$ 97.8 Mn in 2022 and is expected to grow at a CAGR of 9.1% during the forecast period.
On the basis of extraction method, the SCFE segment holds the value market share of 7.0% with the total value share at US$ 9.4 Mn approximately in 2022 and is anticipated to reach at US$ 24.2 Mn by the end of 2032.
Garlic Oleoresin: Market Frontrunners
The North America hold a market value share of 12.1% of the overall market. Whereas, U.S. holds the market value share of around 73.6% and, Brazil with 51.7% market value share approximately.
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Garlic oleoresin is a brown or black oleoresin extracted from the crush bulb of the garlic, allium sativum linn. It has a strong obnoxious odor due to presence of di-sulphides. The bulb contains 0.06% to 0.1% approximately of volatile oil whose active constituents are propyl/disulphide, alliin and allicin.
The strong preference of including antioxidants in the food products is escalating with the increasing demand from customers in the market. The global trend of consuming natural and healthy food ingredients is fueling the demand for garlic oleoresin in the market.
Garlic Oleoresin Market: Trends
Rising Consumer Spending on Natural Products Tending Customer toward Garlic Oleoresin
Consumer spending on natural products is rising as a result of numerous causes, the most important of which is increased health awareness. Consumers have become more aware of their options as a result of increased urbanization and literacy. Before purchasing a product, consumers research the ingredients as well as all of the processes used to create the final product.
Customers are even willing to pay more for natural products. This is why manufacturers all around the globe are harmonizing their product lines to meet the expectations of their customers. In such context, the usage of garlic oleoresins by consumer goods manufacturers is on the rise. Garlic oleoresins market are predicted to have a favorable impact on customers due to their natural essence.
Health Benefits Associated with Garlic Oleoresins Coupled with Consumer Awareness Boosting Garlic Oleoresin Market
Consumers are increasingly exposed to work-centric lifestyles, which have a number of disadvantages that are powerful enough to accelerate a number of health concerns. As a result, consumers are choosing goods that reduce the effects of hazardous components in the body.
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Garlic oleoresin contain elements that aid in curing various diseases such as common colds, heartburn, nausea, upset stomach, diarrohea, morning sickness and others. Additionally it has been found to be beneficial for anti-inflammatory properties, due to its high levels of gingerol, making it a natural remedy for minor body aches, headaches, and even some cases of arthritis.
According to World Health Organization (WHO), it has been estimated that headache disorder prevalence among adults is around 50%. Half to three quarters of adults aged 18-65 years in the world have had headache in the last year and, among those individuals, 30% or more have reported migraine. Headache on 15 or more days every month affects 1.7-4% of the world's adult population.
Rise in Garlic Oleoresin in Various Application Driving Global Market
Garlic oleoresins are utilized in a wide range of industries due to their strong aroma and flavor, and are commonly used as a flavoring agent in food processing. Garlic oleoresins are preferred because of their microbiological benefits, flavor homogeneity, and storage and transportation convenience. Turmeric oleoresins also possess a higher percentage of non-volatiles, which makes them more appealing to the flavor and food industries.
Non-volatiles are substances that do not vaporize easily. They are not lost when exposed to open air. Oleoresins are consumed by broad spectrum of manufacturers of soup powders, noodles beverages, canned meats, poultry products, confectioneries, and others. The increasing applications of oleoresins in the, baked foods, snacks and beverages is increasing the demand for garlic oleoresin, globally.
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Garlic oleoresin Market: Strategies
Manufacturer of the garlic oleoresin are focusing on providing quality product by carrying out product development with the help of research and development in order to cater market needs with innovative and leading product inclined with to customers' requirements.
Universal Oleoresins invests in research & development and testing activities. It has the most modern methods & equipment and qualified lab chemists for carrying out product innovation and testing. This strategy ensure timely product innovation according to market requirements and also help in the expansion of the product range.
Mane Kancor invests heavily in research & development and product quality testing and has state-of-the-art equipment to ensure quality and innovative products for its customers. For instance, its labs are equipped with sophisticated equipment to meet the current food & safety requirements and are also accredited by NABL.
Garlic Oleoresin Market: Key Players
Some of the key players in the market include Mane KANCOR, Synthite Industries Ltd., Universal Oleoresins, Akay, Bioingredia Natural Pvt Ltd., AVT Natural Products Limited, Manohar Botanical Extracts Pvt. Ltd., Plant Lipids Private Limited, BOS Natural Flavors Pvt. Ltd., Vidya Herbs Pvt. Ltd., Sami Spices, HDDES Group, and others
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