Bottom Article Ad

Monday, May 30, 2022

Global Garcinia Cambogia Market to be Driven by Increasing Demand in Pharmaceuticals in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Garcinia Cambogia Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global Garcinia Cambogia market, assessing the market based on its segments like form, application, distribution channel, regional markets and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents:

The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2020): USD 110.22 million
• Forecast CAGR (2022-2027): 3.8%
• Forecast Market Size (2027): USD 137.86 million

The pharmaceuticals segment accounts for a significant portion of the garcinia cambogia market, based on application. This is due to garcinia cambogia's beneficial properties, which include acid and gastric juice regulators, antioxidants, and improved glucose metabolism, which aid in the treatment of diseases like diabetes and gastrointestinal disorders. In 2017, more than 425 million people were diagnosed with diabetes. An increase in the number of diabetic patients as a result of poor eating habits and a lack of physical activity is driving product demand.

During the forecast period, demand for garcinia cambogia in North America, is expected to rise significantly. Due to an increase in the number of overweight and obese people in the region as a result of increased fast-food consumption, the market in the region is expected to grow. In 2018, obesity afflicted more than 80 million people in the United States. Because of its superior ability to regulate cholesterol and fat levels in the blood, garcinia cambogia extract is used as an anti-obesity supplement.

Market Segmentation

Garcinia gummi-gutta is an Indonesian tropical garcinia species. Some of the more common names include garcinia cambogia (a former scientific name), brindleberry, and kudam puli (pot tamarind). The fruit resembles a small pumpkin and is green to pale yellow in colour.

Segmentation of market by distribution channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Medical Stores
• Online Stores
• Others

On the basis of application, the market can be divided into:

• Dietary Supplements
• Pharmaceuticals
• Others

On the basis of form, the market is divided into:

• Powder
• Liquid
• Capsules and Tablets

The regional markets include:

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East
• Africa

Read Full Report with Table of Contents:

Market Trends

The overall market is being driven by the rapid expansion of the pharmaceutical and dietary supplement industries, which is due to an increase in the number of diseases. Furthermore, the product is widely used in food and dietary supplements for weight loss and intestinal issues, boosting demand. Furthermore, as a result of decreased physical activity and increased consumption of junk food, obesity is on the rise, fueling product demand. This is due to the presence of hydroxycitric acid in garcinia cambogia, which acts as an appetite suppressant, reducing the desire to consume more calories. This leads to weight and fat loss, which boosts the market's growth.

Key Market Players

The major players in the market are NatureWise, NOW Health Group, Inc., Bioganix, The Himalaya Drug Company, NutriRise and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Media Contact

Company Name: Claight Corporation
Contact Person:- Jessica Lucas, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, US
City: Sheridan
State: Wyoming
Country: United States

Explore more on Procurement Intelligence services of EMR Inc.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


Post a Comment