The global dehydrated garlic market size will be valued at USD 7.02 billion by 2024. It is estimated to increase at a moderate CAGR of 5.70% to USD 12.21 billion by 2034. Various market forces are influencing this estimated enhancement in the market size.
Garlic’s versatility enhances its usability. It can also be blended with other food products, which surges its demand in the industry. Consequently, the industry’s growth results in rising demand for garlic products, which is a critical market driver.
Consumers have become more aware of their health. Natural elements are used extensively to maintain their health. Moreover, preventive measures are taken to avoid critical issues like high blood pressure, cardiovascular diseases, and other illnesses. As garlic possesses great medicinal value, its demand surges. Hence, this is another market driver.
Unlock Growth Potential in Your Industry – Get Your Sample Report Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-8596
Key Takeaways from the Market Study
- The forecasted CAGR of the global dehydrated garlic market has increased compared to the historical CAGR, promising constant market growth.
- A CAGR of 11.8% in the Indian market projects magnificent progress, which creates lucrative opportunities for new entrants.
- With a CAGR of 10.3%, the United States of America leads North America to become a lucrative market for the production of dehydrated garlic.
- Germany leads the European dehydrated garlic market with a promising CAGR of 9.8%. The surge in market demand is due to the increased consumption of convenience food.
“Due to hardneck garlic’s better shelf life, usability, and versatility, the market segment is highly exploited, which helps it secure 87.2% of the market space,” says the FMI analyst.
Key players:
- Krushi Food Industries
- Chipping ShengKang Foodstuff Co., Ltd.
- Xuzhou Liming Food Co., Ltd.
- Henan Sunny Foodstuff Co., Ltd.
- Oceanic Foods Limited
- Garlico Industries Ltd.
- Royal (Jinxiang) Garlic Co., Ltd.
- B. C. Foods (Shandong) Co. Ltd.
- V.T. Foods Pvt. Ltd.
- Daksh Foods Pvt. Ltd.
- Handan Green and Healthy Dehydrated Vegetables Food Co. Ltd.
Competitive Landscape
The competitive market space is majorly occupied by Asian organizations, which depicts the cluttered Asia-Pacific region. Organizations choose various strategies to expand in the market, including forming subsidiaries, product innovation, mergers and acquisitions, partnerships, and franchising.
The following are some of the key developments in the market:-
- In November 2018, Chiping ShengKang Foodstuff Co., Ltd. extracted benefits from the Chinese agricultural department by emphasizing a wide range of crops used for protection. With the help of the initiative of the Chinese government, the organization could protect new plant varieties.
- Recently, Krushi Food Industries penetrated the market by innovating and adding a new product to its product portfolio called dehydrated pink onion flakes.
Drive Your Growth Strategy: Purchase the Report for Key Insights:
https://www.futuremarketinsights.com/checkout/8596
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the dehydrated garlic market, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.
The dehydrated garlic market is segmented by variety (hardneck and softneck), by form (Chopped, Minced, Granules, Powder, Flakes, Kibbled, and Sliced), by nature (Organic and Conventional), by drying method (Air Drying, Spray Drying, Freeze Drying, Drum Drying, and Vacuum Drying), by sales channel (B2B/Direct, Food Service (HoReCa), and Retail/ B2C/Indirect), and by region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East and Africa).
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
