The Garcinia Cambogia extract is anticipated to increase at a CAGR of 3.8% over the estimated forecast period, according to research by Future Market Insights. According to projections, the market value will rise from USD 114.5 million in 2022 to USD 166.3 million in 2032. The market for garcinia cambogia extract was estimated to be worth USD 110.2 million at the end of 2021 and is expected to rise 3.9% year over year in 2022.
Garcinia Cambogia extract is a hub of vitamins B, Thiamin, Folic Acid, Niacin, Magnesium, Vitamin C, Manganese, Potassium and Hydroxycitric Acid (HCA). Hydroxycitric Acid in Garcinia Cambogia Extract is appetite suppressant which reduces cravings and decrease the urge to consume calories. Hydroxycitric Acid also helps in managing stress hormones, increase serotonin level, speed up metabolism leading to better mood sleep and reduce belly fat.
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Garcinia Cambogia a small, sweet tropical tree fruit also known as Malabar tamarind. Other names for Garcinia Cambogia are Assam Fruit, Gorakkapulli, Panampulli, Manda Huli, Goraka Pulli, Mangosteen, and Vadakkan Puli. Garcinia Cambogia is obtained in different colors depending on the spices such as yellow, green and red.
Garcinia Cambogia Extract not only improves your overall health, but also prohibits the conversion of calories into fat. Hydroxycitric Acid inhibits the production of an enzyme that slows down the metabolism rate of the body. Because of this, the body converts the extra calories into glycogen. Garcinia Cambogia extract also helps the body to build more muscles.
Market Segmentation
Garcinia Cambogia Extract market is segment on the basis of form, distribution channel and region. On the basis of form market is segmented into powder, capsule and liquid. Garcinia Cambogia Extract come in different forms but the most popular form is the powdered form.
Weight loss has become a common desire for many people these days and with huge rage of alternatives available it becomes quite difficult task for consumers to select one which they want for themselves. Exactly what makes garcinia cambogia extract powder hugely popular is the fact that it is natural, safe to consume and has proven positive results for weight loss. Garcinia cambogia extract powder with 100% HCA is probably the best remedies for weight loss.
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On the basis of distribution channel the market is segmented into supermarkets/hypermarkets, convenience stores, medical stores and online stores. Online Stores is expected to hold a relatively high share in the garcinia cambogia extract market. Medical stores have also contributed significantly to the growth of Garcinia cambogia extract market over the forecast period. On the basis of region garcinia cambogia extract market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan.
Market Regional Outlook
Regional segment for the market of asparagus is divided into seven different regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan.
Among these segment Asia Pacific is expected to have the major market share globally, as it is the largest consumer of garcinia cambogia extract. In Asia Pacific region the India is generating the major revenue. In terms of revenue Africa is the second prominent contributor in the garcinia cambogia extract market.
Market Drivers
The rise in demand for weight loosing supplement is expected to drive the growth of global garcinia cambogia extract market. Garcinia cambogia extract is not only used as a supplement for weight reduction but it also exhibits some special properties such as it helps to reduce the cortisol level, reduce risk of heart disease, reduce risk of ulcer and improve lipid profile.
It also helps in maintaining better metabolism and better cardiovascular health. The versatile properties of garcinia cambogia extract has defiantly attracted the pharmaceutical companies which will drive the garcinia cambogia extract market to a greater extent. Moreover, the market is also driven by the increasing awareness among the consumers about the health benefits associated with garcinia cambogia extract.
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Market Key Players
Some of the key players in garcinia Cambogia extract market are Power up health, BioGanix, Nature wise, Natura best, NOW Foods, Top Secret Nutrition, Natrol, Global Health Ideas, Quality Encapsulations, shape organics, Search Results, Potent Organics, St.Botanica, Healthawin, Whole Body Research, NutriRise, PureNutria, Gaia Science? and Morpheme Remedies among others.
The report covers exhaustive analysis on
- Garcinia Cambogia Extract Product Market Segments
- Garcinia Cambogia Extract Product Market Dynamics
- Historical Actual Market Size, 2015 – 2016
- Garcinia Cambogia Extract Market Size & Forecast 2017 to 2027
- Garcinia Cambogia Extract Market Supply & Demand Value Chain
- Garcinia Cambogia Extract Market Current Trends/Issues/Challenges
- Garcinia Cambogia Extract Market Players Competition & Companies involved
- Garcinia Cambogia Extract Market Technology
- Garcinia Cambogia Extract Market Value Chain
- Garcinia Cambogia Extract Market Drivers and Restraints
Regional analysis for Garcinia Cambogia Extract Market includes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts and inputs from industry experts. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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