Future Perspectives: Key Trends Shaping the Garlic Market up to 2030

The garlic market is gaining considerable attention due to its expanding applications and growing consumer interest in health-oriented products. As the demand for natural and functional ingredients rises, this sector is set to experience steady growth, driven by innovation and evolving consumer preferences. Let's explore the market's size, key players, significant trends, and segment-wise outlook to understand its trajectory better.

Projected Market Size and Growth Outlook for the Garlic Market
The garlic market is anticipated to grow steadily over the coming years, reaching a valuation of $30.12 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 4.9%. Factors contributing to this growth include the increased use of functional food formulations, a rising preference for clean-label ingredients, expansion in processed food production, growing consumer focus on health benefits, and the scaling up of commercial garlic farming. Key trends expected to influence the market during this period are the rising demand for functional foods, greater adoption of natural flavoring agents, growth in herbal and traditional medicine usage, increased utilization of dehydrated garlic in processed food products, and a push toward premium specialty garlic varieties.

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Leading Companies Driving the Garlic Market Forward
Several prominent firms dominate the garlic industry landscape. Notable market participants include 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., and South West Garlic Farm.

Noteworthy Acquisition in the Garlic Sector
In March 2023, Diplomat Holdings Ltd., an Israel-based supply chain management firm, acquired a 51% stake in Garlic & Herbs Dorot Agricultural Cooperation Ltd. for $28 million. This strategic move is aimed at bolstering Diplomat Holdings' presence in the food industry and expanding its product offerings. Garlic & Herbs Dorot Agricultural Cooperation Ltd. specializes in supplying frozen garlic products and is based in Israel.

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Emerging Trends Highlighting Product Innovation in the Garlic Market
Market leaders are increasingly focusing on innovation, particularly the development of standardized aged garlic extracts. These extracts are produced by aging garlic to reduce its strong odor while enhancing the bioavailability of beneficial compounds, such as S-allyl cysteine (SAC). This approach helps manufacturers offer products with health benefits but fewer unpleasant sensory attributes.

For example, in November 2023, Sabinsa Corp., a US-based manufacturer of herbal extracts and specialty fine chemicals, introduced a new aged garlic ingredient standardized to contain 0.5% S-allyl cysteine. This ingredient is targeted at cardiovascular health supplement producers and aims to meet consumer concerns about the pungency of fresh garlic by delivering the cardiovascular benefits in a more palatable form.

Segmentation and Market Share Insights for the Global Garlic Market
The global garlic market is segmented into various categories for detailed analysis:

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

Further subsegments offer a deeper look into the types of garlic:

By Hardneck Garlic: Purple Stripe Garlic, Rocambole Garlic, Creole Garlic, Porcelain Garlic
By Softneck Garlic: Artichoke Garlic, Silverskin Garlic, Creole Garlic, Purple Stripe Garlic

This detailed segmentation provides a comprehensive understanding of the garlic market's structure and helps identify growth opportunities within specific niches.

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This release was published on openPR.