iCrowd Newswire
22 Nov 2021, 20:34 GMT+10
According to a recent study by Fact.MR, the global Hard Neck garlic market is expected to experience over 5% CAGR during the forecast period 2021-2031. According to the study, a valuation of US$ 32 Bn has been projected for the market by the end of the aforementioned forecast period. In the short-run, by 2022, expected revenue for the market is US$ 19.2 Bn.
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Historically, from 2016 to 2020, market demand for soft neck garlic surged at a CAGR of around 4%, closing in at around US$ 19 Bn by 2020. Sales accelerated amidst the COVID-19 pandemic, as documented health benefits, mostly attributed to strengthening immunity against the virus, have acquired center stage. Moreover, the pandemic imposed lockdowns provided consumers the opportunity to experiment with different cuisines requiring garlic as the primary ingredient.
Manufacturers are also producing garlic in various forms such as paste, powder, oil, etc. to make it easy to use and to also balance the flavor. Increasing consumption of black garlic, attributed to the presence of greater quantities of essential vitamins and minerals, has generated substantial growth opportunities across several regions.
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"Growing inclination towards consuming spice-rich foods as well as preference for naturally sourced vitamins and minerals is augmenting demand for garlic across key regions," comments the Fact.MR analyst.
Key players operating in the garlic market include Italian Rose Garlic Products Inc., The Garlic Company, California Garlic Company, Mcfadden Farm, Mr. Lucky, Monterey Bay Spice Company Inc., Filaree Garlic Farm, Shandong Liancheng Garlic Industry Co. Ltd, Atmiya International, and South West Garlic Farm, among others.
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Regional analysis includes
Crucial insights in the Hard Neck Garlic Market research:
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Tags: Garlic Market Scope
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