Garlic Oil Market: Pin-Point Analysis for Changing Competitive Dynamics
Garlic Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Albany, NY -- (SBWire) -- 10/02/2018 --Garlic (Allium sativum) is a member of amaryllis family (Amaryllidaceae) which also include, leeks, onions and shallots. Garlic oil is an extract of Allium sativum, a small perennial plant mostly produced in tropical countries with an annual crop around April-May. A garlic bulb is composed of 4-20 pungent bulblets commonly called as cloves. There are about 300 varieties of garlic cultivated worldwide with an annual production of around three million metric tons as estimated by per Food and Agricultural Organization. Though garlic oil is considered as one of the most powerful and essential oil but it is also one of the least known and comprehend essential oil. Commercially garlic oil is produced by steam distillation method and is regarded as one of the oldest kinds of preparations and is widely used in food industry for flavoring and in pharmaceutical industry to treat various kinds of infections. Due to high prices of garlic oil the market for garlic oil is expected to witness a stable growth over the forecast period.
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The growth of garlic oil market across the globe remains stable during the forecast period owing to high prices of the garlic oil and low production of garlic in the recent past years. It has been estimated that 500 tons of garlic is used to make 1 ton of garlic oil which makes the prices of garlic oil very expensive. While there has been a declining production of garlic in certain countries across the globe such as, in Australia, there has also been an upsurge in the use of Australian garlic for the fresh and processing market since past two years. Therefore, introduction of improved, high yielding garlic varieties and an extended appreciation of fresh product at retail stores has significantly enhanced the market revues for locally grown garlic. The market for garlic oil is expected to witness steady gains in its revenues attributed to its widespread use in food and pharma industry.
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Variety of garlic oils have been introduced by the manufacturers and some of the global market players manufacturing garlic oil market include; Hongar Farms Gourmet Foods, BOYAJIAN INC, Herb Pharm, NutraMarks, Inc., Ultra International B.V., La Tourangelle, and Lucini Italia Co. among others.
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