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Global Garcinia Cambogia Market to Grow at a CAGR of 3.80% During 2024-2032, Aided by the Increasing Demand for Plant-Based Supplements

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Garcinia Cambogia Market

Global Garcinia Cambogia Market Size, Growth, Analysis: By Form: Powder, Liquid, Capsules and Tablets; By Application: Dietary Supplements, Pharmaceuticals, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Medical Stores, Online Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Garcinia Cambogia Market Outlook

The global garcinia cambogia market reached a value of about USD 118.76 million in 2023. The market is further expected to grow at a CAGR of 3.80% in the forecast period of 2024-2032 to reach a value of approximately USD 166.12 million by 2032.

 

Global Garcinia Cambogia Market

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Increasing Demand for Pharmaceuticals to Augment the Garcinia Cambogia Industry Growth

Based on application, the pharmaceuticals segment accounts for a significant share in the garcinia cambogia industry. This can be attributed to garcinia cambogia’s superior properties, such as acid and gastric juice regulator, antioxidant, and improved glucose metabolism, which aids in the treatment of diseases such as diabetes and gastrointestinal disorders. Diabetes affected more than 425 million people in 2017. The product demand is being driven by an increase in the number of diabetic patients as a result of poor eating habits and a lack of physical activity.

 

North America to Provide Enhanced Growth Opportunities to the Garcinia Cambogia Industry

The demand for garcinia cambogia in North America, which is being led by Canada and the United States, is expected to increase significantly during the forecast period. The market in the region is expected to grow owing to an increase in the number of overweight and obese people in the region as a result of increased fast-food consumption. Obesity affected over 80 million people in the United States in 2018. Garcinia cambogia extract is used as an anti-obesity supplement because of its superior ability to regulate cholesterol and fat levels in the blood.

 

Garcinia Cambogia: Market Segmentation

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

 

Global Garcinia Cambogia Market by Segment

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By form, the market is divided into:

  • Powder
  • Liquid
  • Capsules and Tablets

Based on application, the industry can be segmented into:

  • Dietary Supplements
  • Pharmaceuticals
  • Others

The market is divided based on distribution channel into:

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

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Garcinia Cambogia Market by Region

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Increasing Number of Diseases to Bolster the Growth of the Garcinia Cambogia Industry

The rapid expansion of the pharmaceutical and dietary supplement industries, owing to an increase in the number of diseases, is driving the overall market. Moreover, the product is commonly used in food and dietary supplements for weight loss and intestinal issues, which is bolstering its demand. Furthermore, obesity issues are on the rise as a result of decreased physical activity and increased consumption of junk food, which is fuelling the product demand. This is because garcinia cambogia contains hydroxycitric acid, which serves as an appetite suppressant, thereby decreasing the urge to consume more calories. This leads to weight loss and fat loss, thus boosting the growth of the market.

Over the forecast period, the fact that garcinia cambogia is commonly used in pharmaceuticals applications because it aids in the treatment of diseases such as diabetes and gastrointestinal problems is expected to favour the industry growth.

 

Key Industry Players in the Global Garcinia Cambogia Market

The report gives a detailed analysis of the following key players in the global garcinia cambogia market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • NatureWise
  • NOW Health Group, Inc.
  • Bioganix
  • The Himalaya Drug Company
  • NutriRise
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Form
  • Application
  • Distribution Channel
  • Region
Breakup by Form
  • Powder
  • Liquid
  • Capsules and Tablets
Breakup by Application
  • Dietary Supplements
  • Pharmaceuticals
  • Others
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Medical Stores
  • Online Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • NatureWise
  • NOW Health Group, Inc.
  • Bioganix
  • The Himalaya Drug Company
  • NutriRise
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Garcinia Cambogia Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Garcinia Cambogia Historical Market (2018-2023) 
    8.3    Global Garcinia Cambogia Market Forecast (2024-2032)
    8.4    Global Garcinia Cambogia Market by Form
        8.4.1    Powder
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Liquid
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Capsules and Tablets
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Garcinia Cambogia Market by Application
        8.5.1    Dietary Supplements
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Pharmaceuticals
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Others
    8.6    Global Garcinia Cambogia Market by Distribution Channel
        8.6.1    Supermarkets and Hypermarkets
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Convenience Stores
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Medical Stores
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Online Stores
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Garcinia Cambogia Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Garcinia Cambogia Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Garcinia Cambogia Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Garcinia Cambogia Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Garcinia Cambogia Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Garcinia Cambogia Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    NatureWise
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    NOW Health Group, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Bioganix
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    The Himalaya Drug Company
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    NutriRise
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Garcinia Cambogia Market: Key Industry Highlights, 2018 and 2032
2.    Global Garcinia Cambogia Historical Market: Breakup by Form (USD Million), 2018-2023
3.    Global Garcinia Cambogia Market Forecast: Breakup by Form (USD Million), 2024-2032
4.    Global Garcinia Cambogia Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Garcinia Cambogia Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Garcinia Cambogia Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7.    Global Garcinia Cambogia Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8.    Global Garcinia Cambogia Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Garcinia Cambogia Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Garcinia Cambogia Market Structure

Key Questions Answered in the Report

What was the global garcinia cambogia market size in 2023?

In 2023, the global garcinia cambogia market attained a value of nearly USD 118.76 million.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3.80% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 166.12 million by 2032.

What are the major industry drivers?

The major drivers of the market include the growing demand from the pharmaceutical and dietary supplement industries, increasing number of diseases, and the growing technological advancements.

What are the key industry trends of the global garcinia cambogia market?

The key trend guiding the growth of the industry includes the growing research and development activities.

What are the major regional markets of garcinia cambogia, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major forms of the product available in the market?

Powder, liquid, and capsules and tablets are the different forms of the product.

What are the major applications of garcinia cambogia?

The major applications of the product include dietary supplements, pharmaceuticals, and others.

What are the various distribution channels of garcinia cambogia?

Supermarkets and hypermarkets, convenience stores, medical stores, online stores, and others are the significant distribution channels of the product.

Who are the key industry players, according to the report?

The major players in the industry are NatureWise, NOW Health Group Inc., Bioganix, The Himalaya Drug Company, NutriRise, and others.

Analyst Review

The global garcinia cambogia market attained a value of USD 118.76 million in 2023, driven by the growing demand from the pharmaceutical and dietary supplement industries. Aided by the increasing number of diseases and R&D activities, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.80%. The market is projected to reach USD 166.12 million by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market on the basis of form can be divided into powder, liquid, and capsules and tablets. Based on application, the industry can be divided into dietary supplements, pharmaceuticals, and others. On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, medical stores, online stores, and others. The major regional markets for garcinia cambogia are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include NatureWise, NOW Health Group Inc., Bioganix, The Himalaya Drug Company, NutriRise, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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