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Global Garcinia Cambogia Market: By Form: Powder, Liquid, Capsules and Tablets; By Application: Dietary Supplements, Pharmaceuticals, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Garcinia Cambogia Market Outlook

The global garcinia cambogia market reached a value of about USD 110.22 million in 2021. The market is further expected to grow at a CAGR of 3.80% in the forecast period of 2022-2027 to reach a value of approximately USD 137.86 million by 2027.

 

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.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
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.

 

*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.

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    Industry Opportunities and Challenges
8    Global Garcinia Cambogia Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Garcinia Cambogia Historical Market (2017-2021) 
    8.3    Global Garcinia Cambogia Market Forecast (2022-2027)
    8.4    Global Garcinia Cambogia Market by Form
        8.4.1    Powder
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Liquid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Capsules and Tablets
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Garcinia Cambogia Market by Application
        8.5.1    Dietary Supplements
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Pharmaceuticals
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Others
    8.6    Global Garcinia Cambogia Market by Distribution Channel
        8.6.1    Supermarkets and Hypermarkets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Convenience Stores
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Medical Stores
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Online Stores
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Others
    8.7    Global Garcinia Cambogia Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    NatureWise
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    NOW Health Group, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Bioganix
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    The Himalaya Drug Company
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    NutriRise
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Garcinia Cambogia Market: Key Industry Highlights, 2017 and 2027
2.    Global Garcinia Cambogia Historical Market: Breakup by Form (USD Million), 2017-2021
3.    Global Garcinia Cambogia Market Forecast: Breakup by Form (USD Million), 2022-2027
4.    Global Garcinia Cambogia Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Garcinia Cambogia Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Garcinia Cambogia Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
7.    Global Garcinia Cambogia Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
8.    Global Garcinia Cambogia Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Garcinia Cambogia Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Garcinia Cambogia Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Garcinia Cambogia Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Garcinia Cambogia Market Structure

Key Questions Answered in the Report

In 2021, the global garcinia cambogia market attained a value of nearly USD 110.22 million.

The market is projected to grow at a CAGR of 3.80% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 137.86 million by 2027.

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.

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

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

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

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

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

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 110.22 million in 2021, 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 2022-2027, growing at a CAGR of 3.80%. The market is projected to reach USD 137.86 million by 2027.

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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