Global Garlic Oil Market Size To Worth USD 165.49 Million
From GlobeNewswire: 2024-06-20 03:00:00
The Global Garlic Oil Market is projected to grow from USD 104 million in 2023 to USD 165.49 million by 2033, with a CAGR of 4.75%. Garlic oil is extracted through steam distillation from garlic segments, retaining its volatile compounds and fragrance. The market is driven by increasing demand for natural products, particularly in aromatherapy, skincare, and cooking.
The feed-grade garlicin oil segment is expected to dominate the global market, obtained from solvent extraction of crushed garlic. The pharmaceuticals segment holds the largest share due to garlic oil’s antidiabetic and heart health benefits, reducing blood pressure and cholesterol levels. The Asia Pacific region leads the market, catering to various end-use industries, including pharmaceuticals and healthcare products.
North America is predicted to experience rapid growth in the garlic oil market, driven by consumer awareness of its health benefits in improving cardiovascular health and reducing cancer risks. Major players in the market include Careline Australia Pty Ltd, GNC, Nature’s Bounty, and Amway. The market is segmented based on type, application, and region, with Asia Pacific expected to hold the largest share and North America expected to grow at the fastest pace.
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