Global Garcinia Market is
estimated to be valued at USD 127.95 Million by 2025, registering
a CAGR of 3.77% during the forecast period. The global
garcinia market is expected to register a notable growth rate during the
forecast period. The growth of the global market can be attributed to the
health benefits associated with garcinia and surging demand for natural and
healthy ingredients in several applications. However, the side effects
associated with prolonged consumption of garcinia are projected to hamper the
global market growth during the assessment period. The market is expected to
emerge lucrative for the vendors active in the global garcinia market due to
the increasing application of garcinia in cosmetics and nutricosmetics.
Segmental Analysis
Global Garcinia Market has been segmented on the basis of
Form, Application, and Region.
By form, the market has been divided into powder, liquid.
Among these, the powder segment accounted for significant market share in 2018
and is expected to retain its dominance throughout the forecast period. The
growth of the powder segment is attributed to several factors. Powder extracts
have a long shelf life and are easy to transport. The quality of the powdered
form of garcinia depends upon the unique biochemical, biophysical, and
energetic properties of the garcinia plant species being extracted. Powdered
garcinia is the most preferred form by the end users owing to the requirement
of low transportation cost, high heat resistance, and solubility. The demand
for the liquid form is also increasing over the last few years. Garcinia in
liquid form optimally preserves the aroma, taste, and biological activity of
the garcinia fruit.
Key Players
Market Research Future recognizes Hunan Huacheng Biotech
Inc. (China), Hunan NutraMax Inc. (China), Nuvaria Ingredients (US), Ambe
Phytoextracts Private Ltd (India), Indfrag Limited (India), Xi'an Lyphar
Biotech Co., Ltd (China), Cymbio Pharma Private Limited (India), Xian Tonking
Biotech Co., Ltd (China), BioActives Europe GmbH (Germany), and Shaanxi Bolin
Biotechnology Co., Ltd (China) as the Key Players in the Global
Garcinia Market.
Regional Analysis
Geographically, the global garcinia market has been
categorized into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa. As per MRFR analysis, Europe dominated the market,
accounting for the largest share in 2018. The market in Asia-Pacific is
expected to register the highest CAGR of 4.00% during the forecast period.
Asia-Pacific accounted for the second-largest market share in 2018.
Key Findings of the Study
- The
Global Garcinia Market is expected to register a growth rate of 3.77% from
2019 to 2025. Increasing consumer demand regarding the health benefits
associated with garcinia is anticipated to act as a major driver in the
growth of the global garcinia market.
- On
the basis of form, the powder segment is expected to hold a dominant share
of the market by 2025, registering a growth rate of 3.81%.
- The
dietary supplements segment accounted for the largest market share in 2018
and is expected to exhibit a CAGR of 3.76% during the forecast period.
Complete Report Details @ https://www.marketresearchfuture.com/reports/garcinia-market-1364
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