Garcinia is fruit from mangosteen family that has culinary, pharmaceutical and industrial uses. It contains hydroxycitric acid which is considered as an effective alternative to prevent fat storage, control appetite and improve body endurance towards exercise. Market Research Future (MRFR) has published a report stating that the global garcinia market is marked to expand at a moderate growth rate during the forecast period of 2018-2023.
Global Key Players and Competition Analysis
Some of the key players profiled in the global garcinia market are: Hunan Huacheng Biotech Inc. (China), Guangdong Hybribio Biotech Co., Ltd. (Hong Kong), Hunan Nutramax Inc. (China), Nuvaria Ingredients (U.S.), Ambe Phytoextracts Private Ltd. (India), Indfrag Limited (India), Honson Pharmatech Group Ltd. (Canada), Xi’an Lyphar Biotech Co., Ltd. (China), Sia Fruits Serviss, and Zeon Health UK Ltd. (U.K).
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The global garcinia market is segmented into form and application. Based on form, the market is segmented into powder, liquid, and others. Based on application, the market is segmented into foods & beverages, functional foods & dietary supplements, and others. Among them, the functional foods & dietary supplements segment is dominating the market, based on the huge demand for garcinia in dietary supplements. Moreover, this segment is projected to be the fastest growing segment during the forecast period.
The global garcinia market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific is dominating the market, followed by Europe. Indonesia is the largest producer of garcinia, which is a major driving factor for Asia-Pacific garcinia market. Moreover, Asia-Pacific is witnessed to be the fastest growing region over the forecast period.
Garcinia is majorly used in various industries for its functionality in assisting in weight loss. Prevalence of obesity among the population is a major driving factor for the growth of Garcinia Market. Increasing health awareness and growing health conscious population is supporting the growth of the market. Weight loss is a trend observed in the recent years, which is increasing the market for weight loss supplements, which, in turn, uplifts the market for garcinia.
Browse the market data and information spread across 110 pages with 36 data tables and 10 figures of the report “Garcinia Market Research Report Forecast to 2023 ” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/garcinia-market-1364
October 2018 Market Research Future has published a half-cooked research report on the Global Garcinia Market.
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