Garcinia Cambogia Extract Market Outlook (2022 to 2032)
According to Future Market Insights research, during the projected forecast period, the Garcinia Cambogia Extract market is expected to grow at a CAGR of 3.8%. The market value projected to increase is from USD 114.5 Million in 2022 to USD 166.3 Million by 2032. The Garcinia Cambogia Extract market was valued at USD 110.2 Million at the end of 2021 and is projected to exhibit Y-o-Y growth of 3.9% in 2022.
Market Size Value in 2022
USD 114.5 Million
Market Forecast Value in 2032
USD 166.3 Million
Global Growth Rate (2022 to 2032)
3.8% CAGR
Forecast Period
2022 to 2032
USA market share of Garcinia Cambogia Extract
34.0%
The tropical plant known as garcinia Cambogia is indigenous to South-East Asia and India. It resembles a hybrid of a tomato and a pumpkin. In animal studies, a substance called hydroxy citric acid (HCA), which is contained in the fruit's peel, has been shown to support weight loss.
Under a variety of names, including garcinia cambogia extract, garcinia, garcinia gummi-gutta, garcinia diet supplement, garcinia complex, cambogia garcinia, or brindle berry, the extract of HCA is offered in powdered or tablet form.
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Historical Outlook vs Future Projections of Garcinia Cambogia Extract Market
In the Historical outlook of the Garcinia Cambogia Extract market, the value increased from USD 94.6 Million in 2017 to USD 110.2 Million in 2021. The CAGR (2017 to 2021) is observed to be 3.9%.
The expansion of the worldwide garcinia cambogia extract market is predicted to be fueled by the increase in demand for weight-loss supplements. In addition to being utilized as a weight-loss aid, garcinia cambogia extract also possesses several unique qualities, including the ability to lower cholesterol levels, lower the risk of heart disease, lower the risk of ulcers, and improve lipid profiles.
Additionally, it supports better cardiovascular health and better metabolism. The diverse qualities of garcinia cambogia extract have undoubtedly drawn pharmaceutical companies, which will significantly increase the market's growth. The market is also being stimulated by customers' growing knowledge of the health advantages of garcinia cambogia extract.
For the Future projection of the Garcinia Cambogia Extract market, the value increased from USD 114.5 Million in 2022 to USD 166.3 Million in 2032. The CAGR (2022 to 2032) is estimated to be 3.8%.
Country Wise Analysis
How North American Garcinia Cambogia Extract market is shaping?
The Garcinia Cambogia Extract market is growing rapidly in North America. This is due to the increasing popularity of weight loss supplements and the growing awareness of the health benefits of Garcinia Cambogia.
The USA contributes 34.0% of the total revenue for the Garcinia Cambogia Extract Market.
How Europe Garcinia Cambogia Extract market is shaping?
Garcinia Cambogia extract supplements are becoming increasingly popular as people look for natural ways to improve their health and lose weight. The European market for Garcinia Cambogia extract is expected to grow significantly over the next few years as more people become aware of its potential health benefits.
Germany contributes 25.5% to the Garcinia Cambogia Extract market and United Kingdom CAGR for the forecast period is 3.9%.
How Asia Pacific is growing in Garcinia Cambogia Extract market?
The Garcinia Cambogia extract market is expected to grow significantly in the Asia Pacific region over the next five years. This growth can be attributed to the rising obesity rates in Asian countries such as China and India, as well as the growing awareness of the health benefits of Garcinia Cambogia extract.
With its proven efficacy and safety, Garcinia Cambogia extract is poised to become one of the leading weight loss supplements in the Asia Pacific region.
Japan's contribution to the Garcinia Cambogia Extract market is 5.6% of the total market share, India and China are market drivers in Asia Pacific and their latest CAGR in the Garcinia Cambogia Extract market are 5.0% and 4.3% respectively.
What is the Garcinia Cambogia Extract market situation in the Latin America region?
Garcinia Cambogia extract supplements are becoming increasingly popular, particularly in Latin America. This is likely due to the fact that Garcinia Cambogia has been shown to be effective for weight loss. In one study, participants who took Garcinia Cambogia extract lost an average of 5.4kg over 12 weeks, without making any other changes to their diet or lifestyle.
How the RoW is responding to Garcinia Cambogia Extract market?
From the Oceania region, Australia is contributing 2.8% of the total revenue of the Garcinia Cambogia Extract market.
The Garcinia Cambogia Extract market in Australia is expected to grow significantly in the next few years. This is due to the growing awareness of the health benefits of HCA and the rising obesity rates in Australia.
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Category Wise Insights
What is Garcinia Cambogia?
Small, sweet Garcinia Cambogia fruit, often called Malabar tamarind, is a tropical tree fruit. Garcinia cambogia is also known as the Assam fruit, Panampulli, Manda Huli, Vadakkan Puli, Mangosteen, and Goraka Pulli. Depending on the spices used, garcinia cambogia can be found in yellow, green, or red hues.
What Ingredients Are in Garcinia Cambogia Extract?
Vitamins B and C, folic acid, thiamin, niacin, magnesium, potassium, manganese, and hydroxy citric acid are all abundant in garcinia cambogia extract (HCA). Garcinia Cambogia Extract contains hydroxy citric acid, an appetite suppressant that lessens cravings and the desire to eat calories. Additionally, hydroxy citric acid promotes serotonin production, lowers belly fat, speeds up metabolism, reduces stress hormones, and improves mood and sleep.
What are the benefits of consuming Garcinia Cambogia Extract?
Your general health is enhanced by garcinia cambogia extract, which also stops calories from being turned into fat. The development of an enzyme that lowers the body's metabolic rate is inhibited by hydroxy citric acid. As a result, the body turns the additional calories into glycogen. Additionally, garcinia cambogia extract promotes muscular growth in the body.
Competitive Landscape
Garcinia cambogia extract is a popular weight loss supplement that has been on the market for over a decade. The competitive landscape for garcinia cambogia extract is crowded with many brands vying for market share. However, there are a few key players that have emerged as leaders in the space.
One of the leading brands of garcinia cambogia extract is Garcinia Cambogia Extra. The company has been in business since 2006 and has an impressive track record of safety and efficacy. Clinical studies have shown that their product is effective for weight loss, and they offer a money-back guarantee if customers are not satisfied.
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Garcinia Cambogia Extract Market Report Scope
Attribute
Details
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2022
Market Analysis
USD Million for Value and Units for Volume
Key Regions Covered
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
RoW
Key Countries Covered
USA
Canada
Germany
United Kingdom
France
Russia
Brazil
Argentina
Japan
Australia
China
India
Key Segments Covered
Form
Sales Channel
Region
Key Companies Profiled
Garcinia Cambogia Extra
Power up health
Nature wise
BioGanix
Naturabest
Top Secret Nutrition
NOW Foods
Global Health Ideas
Natrol
St.Botanica
Report Coverage
Drivers, Restraints, Opportunities and Threats Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Segmentation Of Garcinia Cambogia Extract Market
Segmentation by Form:
Capsule
Liquid
Powder
Segmentation by Sales Channel:
Supermarkets/Hypermarkets
Convenience Stores
Medical Stores
Online Stores
Segmentation by Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
RoW
Frequently Asked Questions
What is the market size of Garcinia Cambogia Extract?
The global Garcinia Cambogia Extract market will reach a valuation of USD 114.5 Million by the end of 2022.
What is the USA, Garcinia Cambogia Extract Market Outlook?
The USA Garcinia Cambogia Extract Market is contributing 34.0% of the total market share which is valued at around USD 38.9 Million.
Which are the major countries driving demand for Garcinia Cambogia Extract Market?
USA, Canada, Mexico, Argentina, Brazil, Germany, United Kingdom, France, Italy, Russia, China, Japan, India, and Australia are the major countries driving demand for Garcinia Cambogia Extract Market.
What is the Germany, Garcinia Cambogia Extract Market Outlook?
The German Garcinia Cambogia Extract Market is contributing 25.5% of the total market share which values at USD 29.4 Million.
Who are the top 5 players operating in the market?
• Garcinia Cambogia Extra
• Power up health
• Nature wise
• BioGanix
• Naturabest
Above are the top 5 market players in the Garcinia Cambogia Extract industry.
What is the contribution of Japan in Garcinia Cambogia Extract market?
The Japan Garcinia Cambogia Extract market contribution is 5.6% of the total market share.
At What Rate Will Garcinia Cambogia Extract market grow in India?
The India Garcinia Cambogia Extract market will grow at 5.0% CAGR between 2022 and 2032
What is the demand outlook forecast for the Garcinia Cambogia Extract market?
The global Garcinia Cambogia Extract market is forecasted to surpass USD 166.3 Million by the end of 2032.
