Garcinia Cambogia Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3684
Garcinia cambogia market should see a substantial growth during the forecast period. Growing trends in pharmaceutical industry and dietary supplements owing to increasing number of diseases may drive the overall market. The product is widely utilized in food and dietary supplements for weight loss and intestinal problems which may foster the product demand.
Garcinia cambogia is a small tropical fruit mainly cultivated in Southeast Asia, Indian coastal regions and central and west Africa. It is obtained in different colors red, yellow and green based on different species. Garcinia cambogia extract is a rich source of thiamin, niacin, folic acid, magnesium, vitamin B, potassium, manganese and hydroxycitric acid (HCA).
Rising trends of obesity problems owing to reducing physical activities and increasing consumption of junk food are the key factors which may drive the product demand. Globally more than 600 million adults and over 108 million children are suffering from obesity. Hydroxycitric acid (HCA) present in garcinia cambogia which acts as an appetite suppressor, thereby reducing the urge or craving to consume more calories thus helps in reducing fat and weight loss thereby fostering the product market size.
Garcinia cambogia is widely used in pharmaceutical applications, it helps to cure diseases like diabetes and gastrointestinal disorders owing to its superior properties including acid and gastric juice regulator, antioxidant and improves glucose metabolism. In 2017, over 425 million adults were suffering from diabetes. Rising number of diabetes patients owing to wrong eating habits and lack of physical activities may drive the product market. The product also aid in increasing the red blood cells counts and reduces the rate of oxidant induced hemolysis owing to its excellent anti-oxidant properties thereby driving the product demand.
Garcinia cambogia is also used as a condiment in southeast Asia cuisine. Traditionally, it is utilized as culinary spices and for medical uses. The leaves and fruit are sour, thermogenic, astringent, digestive and constipating owing to which its herbal preparation are used in inflammatory ailment, bowel and rheumatic pains. Garcinia cambogia rinds are also used to preserve fish.
Garcinia cambogia extract include different forms such as liquid, powder and tablets and capsule form. Powdered and liquid form are used widely owing to their immediate effect as liquid and powder which are easy to digest. Tablets and capsules of the product are also used widely owing to ease to consume in prescribed quantity hence reduces the risk of over dosage thereby driving the market size.
North America driven by Canada and the U.S. garcinia cambogia market demand may account for a substantial growth during the forecast timeframe. Increasing population of overweight and obese people owing to rising consumption of fast foods may foster the product market size. In 2018, over 80 million adults were suffering from obesity in the U.S. Garcinia cambogia extract is used as an anti-obesity substance owing to its superior properties to regulate cholesterol level and fat in blood.
Europe market driven by UK, Russia, Spin, France and Germany garcinia cambogia market size should see a moderate growth by the year 2025. In 2017, over 7.5 million diabetes case in adults were registered in Germany. Increasing prevalence for diabetes in all age groups in European region owing to growing trends for obesity and overweight, unhealthy dietary habits and physical inactivity may drive the regional market size of garcinia cambogia. The product helps in regulating blood sugar it reduces the insulin level of your body thus making it easier for your body to utilize blood sugar thereby increasing the regional market demand.
Asia pacific led by China, Japan, Australlia and India garcinia cambogia market demand is likely to see a substantial growth in foreseeable timeframe. Rising trends towards high calorie foods, overeating, diabetes and unhealthy lifestyle are the key factors driving the product demand. Indian fast food market size is expected to grow at over USD 27 billion by the year 2020 which may act the key factor responsible for rising number of obese and overweight people. The product is utilized in weight reducing dietary supplements, hydroxycitric acid present in the product helps to convert extra calories into glycogen by boosting metabolism rate, thereby driving the regional product demand.
Garcinia cambogia market is highly fragment due to the presence of several key manufacturers. Companies like Nature Wise, NOW Foods, BioGanix, Top Secret Nutrition, Natrol, Healthawin, Himalaya, Nutririse and PureNutria are the key market players.
Garcinia Cambogia Market, By form, 2014-2025 (Kilo Tons) (USD Million)
- Capsules and tablets
Garcinia Cambogia Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Dietary supplements
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Nature Wise
- NOW Foods
- Top Secret Nutrition
- Natrol, Healthawin
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