The global dehydrated garlic market is estimated to register a jump with a CAGR of 5.70% to reach USD 12.21 billion. The forecasted market size of the subject market by 2024 is USD 7.02 billion. Various driving forces influence the market’s growth.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | USD 7.02 billion |
Projected Market Value in 2034 | USD 12.21 billion |
Value-based CAGR from 2024 to 2034 | 5.70% |
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The historical period they pushed the market through 2023 at a CAGR of 2023. The fundamental driving force for the dehydrated garlic market focuses on garlic’s use to produce different sauces. These sauces were used in numerous dishes and cuisines. Consequently, the popularity of dehydrated garlic increased, which pushed the market.
Apart from this, food chains introduced bold flavors, which surged the demand for garlic, as it provides a tangy taste and flavor to dishes and spices. Therefore, this surged the subject market, pushing it moderately during the historical period.
The forecasted period is estimated to emphasize an individual’s health. Due to the rising prevalence of heart-related issues, preventive measures are preferred. This enhances the importance of garlic, as it possesses excellent medicinal properties that can cure heart-related matters. Therefore, this will be the primary demand for the market.
Historical CAGR from 2019 to 2023 | 5.30% |
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Forecast CAGR from 2024 to 2034 | 5.70% |
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The Indian market has been emerging in the industry, which creates the most lucrative opportunities for the dehydrated garlic market. Similarly, other Asian countries reflect significant growth in the subject market, which propels the Asia-Pacific region to lead the subject market.
North America produces an ever-growing food chain, experimenting with many dishes and cuisines. Consequently, the demand for garlic products increases, surging the subject market.
Apart from this, Europe has also been one of the essential contributors to the subject market.
Forecast CAGRs from 2024 to 2034
Countries | Forecasted CAGR from 2024 to 2034 |
---|---|
The United States | 10.3% |
Germany | 9.8% |
China | 10.9% |
Japan | 8.9% |
India | 11.8% |
Category | Variety (Hard neck) |
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Market Share in 2024 | 87.2% |
Market Segment Drivers |
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Category | Form (Powder) |
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Market Share in 2024 | 30.3% |
Market Segment Drivers |
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Organizations working in a wider landscape actively participate in the market’s competition. Businesses working in allied industries also play an active role in cluttering the market. A new entrant can create market space through product innovation or diversification.
Marketers expand with numerous strategies, including innovation, franchising, mergers and acquisitions, partnerships, forming subsidiaries, and many other strategic moves.
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 7.02 billion |
Projected Market Valuation in 2034 | USD 12.21 billion |
Value-based CAGR 2024 to 2034 | 5.70% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Key Market Segments Covered | By Variety, By Form, By Nature, By Drying Method, By Sales Channel, Region |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
Key Companies Profiled | 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. |
The dehydrated garlic market will reach USD 12.21 billion by 2034.
The dehydrated garlic market will progress at a CAGR of 5.70% through 2034.
The dehydrated garlic market is expected to reach USD 7.02 billion in 2024.
Based on the type of variety, the hardneck segment is the largest, holding 87.2%.
The dehydrated garlic market's powder segment is the largest and holds 30.3% based on the type of form.
Market Size (2024) | USD 171,563.1 million |
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Market Value (2034) | USD 244,124.7 million |
Market CAGR (2024 to 2034) | 3.6% |
Expected Market Value (2023) | USD 1.6 billion |
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Projected Forecast Value (2033) | USD 3.6 billion |
Anticipated CAGR (2023 to 2033) | 19% |
Expected Market value in 2023 | USD 4.5 Billion |
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Projected Market Value in 2033 | USD 6.1 Billion |
CAGR (2023 to 2033) | 3.1% |
Market Value (2022) | USD 5,763.5 Million |
---|---|
Market Anticipated Value (2032) | USD 9,036.5 Million |
Market Projected CAGR (2022 to 2032) | 4.6% |
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