Europe Garlic Extract Market on a Growth Path, Expected to Reach US$2.6 Bn by 2031, PMR Study

Market Outlook

The Europe garlic extract market is poised for steady growth, driven by increasing consumer awareness of its health benefits and widespread application across various industries. The rising demand for natural and organic food ingredients, coupled with growing consumer preference for functional foods, is expected to fuel market expansion. The Europe garlic extract market is predicted to reach a value of US$ 2.0 Bn by 2024. It is anticipated to experience a CAGR of 4.1% during the assessment period to reach a value of US$ 2.6 Bn by 2031.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐏𝐃𝐅- https://www.persistencemarketresearch.com/samples/35005
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Key Growth Determinants

Rising Demand for Functional Foods - The growing popularity of functional foods due to their health benefits, such as boosting immunity and reducing cardiovascular risks, is a major factor driving the market.

Expanding Use in Pharmaceuticals and Supplements - Garlic extract is widely used in herbal medicine, dietary supplements, and pharmaceuticals for its antibacterial, antifungal, and anti-inflammatory properties.

Growing Preference for Natural Ingredients - Consumers are increasingly shifting towards plant-based and natural ingredients in food and personal care products, boosting demand for garlic extract.

Increased Application in Cosmetics and Personal Care - The antibacterial and anti-aging properties of garlic extract have made it a sought-after ingredient in skincare and hair care formulations.

Rising Awareness of Antimicrobial Properties - The natural antimicrobial properties of garlic extract are driving its use in food preservation and as a natural food additive.

Major Growth Barriers

Strong Odor and Taste Limitations - The pungent smell and strong taste of garlic extract may limit its application in certain food and beverage formulations.

Availability of Synthetic Substitutes - The presence of synthetic alternatives and other herbal extracts with similar benefits can pose a challenge to market growth.

Regulatory Challenges - Stringent European regulations on natural extracts and food additives may restrict new product developments and market entry.

Key Trends and Opportunities to Look At

Organic and Clean-Label Products on the Rise - The increasing demand for organic and clean-label products is encouraging manufacturers to develop premium-grade garlic extract solutions.

Technological Advancements in Extraction Methods - Innovations in extraction techniques, such as supercritical fluid extraction, are enhancing the purity and efficiency of garlic extracts.

Growing Use in Plant-Based Diets - The rise of plant-based and vegan diets is increasing the demand for natural flavor enhancers like garlic extract.

Expanding E-Commerce and Direct-to-Consumer Sales - The growing online retail sector is making garlic extract-based supplements and functional foods more accessible to consumers.

Regional Frontrunners

Germany - A leading consumer of garlic extract, driven by strong demand in the food, pharmaceutical, and nutraceutical sectors.

France - Increasing preference for natural flavors and health-boosting ingredients is fueling market growth.

United Kingdom - The growing trend of herbal supplements and functional foods is supporting the expansion of the garlic extract market.

Italy and Spain - Countries known for their Mediterranean diet, incorporating garlic extract widely in food and culinary applications.

Key Market Players

McCormick & Company, Inc.
NOW Health Group, Inc.
Naturex S.A.
Bio Botanica, Inc.
Herbal Innovations
Nutra Green Biotechnology Co., Ltd.
Xian Yuensun Biological Technology Co., Ltd.
Naturalin Bio-Resources Co., Ltd.
Garlico Industries Ltd.
Pharmavit

Market Segmentation

By Form

Powdered
Oil Based
Liquid

By Application

Food and Beverages
Pharmaceuticals
Nutraceuticals
Cosmetics and Personal Care
Animal Feed

By Distribution Channel

B2B
B2C

By Region

Europe

Conclusion

The Europe garlic extract market is on a positive growth trajectory, driven by increasing consumer demand for natural health supplements, functional foods, and plant-based ingredients. While challenges such as strong odor and regulatory constraints persist, the rising trend of organic and clean-label products presents significant growth opportunities. With technological advancements and expanding applications across industries, the market is expected to maintain a steady CAGR of 4.1% and reach US$ 2.6 Bn by 2031.

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This release was published on openPR.