Market Research Future (Food and Beverages) Garlic Extract Market Research Report | Page 3

Garlic Extract Market Research Report- Forecast to 2023 2 Market Overview Garlic extract has diverse application in food, pharmaceuticals and personal care industries. It has a peculiarly spicy and pungent flavor, which makes it widely preferred to be used in the food industry. Moreover, it is used as an important flavoring agent in the preparation of fast foods such as pizza, noodles, pasta, and many more. Additionally, the consumption of fast food is increasing resulting in the growth of the garlic extract market. Apart from being a flavoring agent, it holds many health beneficial properties such as reducing cholesterol, strengthening the immune system and many more. These properties have supported its use in functional beverages as well, thus expanding its market. Furthermore, garlic extract has anti-fungal and anti-bacterial properties for which it is being used in medical sector for the treatment of athlete’s foot, caused due to infection by ring worm. It also attributes to ailments associated with heart and blood systems which has increased its acceptance in pharmaceutical industry. However, some consumers are allergic to garlic which act as a restraint for the growth of garlic extract market. Regional Analysis: The global garlic extract market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific market is dominating the garlic extract market. In Asia Pacific, China and India are major consumers of garlic extract. It is used as a basic ingredient for the preparation of different cuisines in these regions. Moreover, North America is witnessing growth in garlic extract market owing to increased consumer likeness in the U.S. region. Furthermore, in Europe, countries that are prominent consumers of garlic extract are U.K. and the Netherlands. Moreover, increased popularity among consumers for garlic flavored food products is expected to flourish the growth of garlic extract market in the rest of the world. Page | 3 Copyright © 2017 Market Research Future.