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Dehydrated Garlic Market to Expand Significantly by 2034
The global dehydrated garlic market will be valued at US$7.02 billion by 2024. It is estimated to increase at a moderate CAGR of 5.70% to US$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.
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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,” – Nandini Roy Choudhury, Client Partner at Future Market Insights
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.
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).
Key Coverage of Dehydrated Garlic Market Report
• Key market progress and changing dynamics of the market.
• Key coverage of the emerging and developed markets.
• Key niche areas in the market and their potential.
• Key market restraints and challenges.