Press release
Garlic Oleoresin Market to Reach $320.5 Million by 2032, Driven by Rising Demand for Natural Products
The global garlic oleoresin market (마늘 올레오레진 시장), valued at US$ 131 million in 2022, is poised for substantial growth, with an estimated expansion at a compound annual growth rate (CAGR) of 9.4% from 2022 to 2032. By the end of 2032, the market is expected to reach a valuation of US$ 320.5 million. This growth is driven by various factors including increasing consumer preference for natural products and the rising demand for garlic oleoresin in various industrial applications.Get Sample PDF Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84786
Market Segmentation
Nature Segment
The conventional segment dominates the garlic oleoresin market, holding a market volume share of around 93.8%. In 2022, this segment accounted for more than 800 metric tons. The prevalence of conventional garlic oleoresin is attributed to its widespread availability and cost-effectiveness.
End Use Segment
The food and beverage segment holds the majority of the market value share at approximately 75%, with a valuation of US$ 97.8 million in 2022. This segment is anticipated to grow at a CAGR of 9.1% during the forecast period. Garlic oleoresin's application in food and beverages is primarily due to its strong flavor and aroma, which enhances the taste of various products.
Extraction Method Segment
The Supercritical Fluid Extraction (SCFE) segment holds a 7% value market share, translating to approximately US$ 9.4 million in 2022. This segment is projected to grow significantly, reaching an estimated value of US$ 24.2 million by 2032. SCFE is preferred for its ability to produce high-purity oleoresins with minimal thermal degradation.
𝗖𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲 𝘁𝗼 𝘃𝗶𝗲𝘄 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝗻 𝗳𝘂𝗹𝗹 𝗱𝗲𝘁𝗮𝗶𝗹 - https://www.transparencymarketresearch.com/garlic-oleoresin-market.html
Regional Insights
North America
North America holds a market value share of 12.1% in the global garlic oleoresin market. Within this region, the United States dominates with a market value share of around 73.6%. The demand in North America is driven by the increasing consumer preference for natural and healthy ingredients in food products.
Latin America
Brazil is a key market in Latin America, holding a 51.7% market value share. The region's growth is fueled by the rising demand for natural food additives and the increasing awareness of the health benefits associated with garlic oleoresin.
Market Drivers
Rising Consumer Spending on Natural Products
The shift towards natural products is a significant driver of the garlic oleoresin market. Increasing health awareness, urbanization, and literacy have made consumers more informed about their choices. Consumers are willing to pay a premium for products that are natural and offer health benefits, leading to increased demand for garlic oleoresin in various applications.
Health Benefits and Consumer Awareness
Garlic oleoresin is known for its numerous health benefits, including its ability to alleviate common colds, heartburn, nausea, upset stomach, diarrhea, and morning sickness. It also possesses anti-inflammatory properties due to its high levels of gingerol, making it a natural remedy for minor aches, headaches, and arthritis. The World Health Organization (WHO) estimates that headache disorders affect around 50% of adults globally, further driving the demand for garlic oleoresin as a natural treatment option.
Applications of Garlic Oleoresin
Garlic oleoresins are utilized in a variety of industries due to their strong aroma and flavor. They are commonly used as flavoring agents in food processing, including in soup powders, noodles, beverages, canned meats, poultry products, and confectioneries. The microbiological benefits, flavor homogeneity, and convenience in storage and transportation make garlic oleoresin a preferred choice in the food industry.
Market Trends
Increasing Applications in Various Industries
The broad spectrum of applications for garlic oleoresin, including baked goods, snacks, and beverages, is driving its global demand. The oleoresin's strong aroma and flavor, combined with its microbiological benefits, make it an appealing ingredient for manufacturers. The increasing consumer preference for natural food ingredients is further boosting the market growth.
Innovation and Product Development
Manufacturers are focusing on providing high-quality products through continuous research and development. Universal Oleoresins, for instance, invests in modern methods and equipment for product innovation and testing, ensuring timely product development according to market needs. Similarly, Mane Kancor's heavy investment in research and development and state-of-the-art equipment ensures the production of quality and innovative products.
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Key Players
The garlic oleoresin market (ニンニクオレオレジン市場) features several key players, including 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, and HDDES Group. These companies are focused on research and development, product innovation, and maintaining high-quality standards to meet the growing demand for garlic oleoresin.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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