Market Insight
Increasing health conscious population and inclination of consumers towards food supplements is boosting the growth of garcinia market. Moreover, continuous increase in health issues among the growing population has created opportunity for the players in garcinia market to enter into the market and generate revenue. However, stringent government laws and regulations for application of garcinia in the products may hamper the growth of the market.
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Competitive Analysis
The key players profiled in 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)
Market Segments
On the Basis of Form: Powder, Liquid, and Others
On the Basis of Application: Foods & Beverages, Functional Foods & Dietary Supplements and Others
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
Regional Analysis
Global Garcinia Market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific region is dominating the market followed by Europe. Indonesia is the major producer of garcinia in the global market. Inclination towards body weight management among the consumers is driving the garcinia market in the Europe. Furthermore, Asia Pacific is witnessed to be the fastest growing region over the forecast period. Increasing obese population and growing health awareness in developing countries like India and China is boosting the growth of Asia Pacific market. Furthermore, rising demand for natural products in U.S. is likely to attract players to penetrate the North American market and increase the sales of their product.
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