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Garcinia Market Updates and Global Industry Analysis and Global Forecast till 2023

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Garcinia is fruit from mangosteen family that has culinary, pharmaceutical and industrial uses. It contains hydroxycitric acid which is considered as an effective alternative to prevent fat storage, control appetite and improve body endurance towards exercise. Market Research Future (MRFR) has published a report stating that the global garcinia market is marked to expand at a moderate growth rate during the forecast period of 2018-2023.

The major player profiled by MRFR that are operating in the Global Garcinia Market are Hunan Huacheng Biotech Inc. (China), Guangdong Hybribio Biotech Co., Ltd. (Hong Kong), Hunan Nutramax Inc. (China), Nuvaria Ingredients (the U.S.), Ambe Phytoextracts Private Ltd. (India), Indfrag Limited (India), Honson Pharmatech Group Ltd. (Canada), Xi’an Lyphar Biotech Co., Ltd. (China), Sia Fruits Serviss, Zeon Health UK Ltd. (the U.K) and others.

The global garcinia market has been segmented based on form and application. Based on form, the garcinia market has been segmented into powder, liquid and others. Based on application, the garcinia market has been segmented into foods & beverages, functional foods & dietary supplements, and others. This segment is also projected to be the fastest growing segment in the global garcinia market during the forecast period.

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Geographically, the global garcinia market has been segmented into Asia Pacific, North America, Europe and the rest of the world. The Asia Pacific region is anticipated to project dominance over the global garcinia market. The Southeast Asian Countries and India are the major producers of garcinia as the tropical climate promotes the growth of garcinia plantation. Hence, the Asia Pacific region is also projecting the fastest growth in the global garcinia market.

Increasing utilization of dried garcinia and garcinia extracts in various cuisines owing to its distinct flavor and rise in popularity of food products made from tropical fruits are some other factors that are propelling the growth of the global garcinia market. However, lack of awareness regarding the nutritive value of garcinia and easy availability of alternative supplements for weight loss are likely to act as restraints on the growth of the global garcinia market during the forecast period.

Report page URL @ https://www.marketresearchfuture.com/reports/garcinia-market-1364

October 2018 Market Research Future has published a half-cooked research report on the Global Garcinia Market.

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