Garlic Market Forecast, Trend Analysis and Growth      


Garlic is a plant from the onion family it has a very unique and strong taste and smell and is used in cooking to flavors. Garlic is considered one of the most important crops in most Asian countries. It is an ideal food that provides a wide range of nutrients with a lot of health benefits. In India, garlic is used in almost every home and hence it has fairly constant market demand. Garlic is used in various food preparations such as chutneys, curry powders, curried vegetable meat products, etc. Even the raw garlic is also used in Not only raw garlic is used in various second-generation products but also used as a popular remedy for different disorders.   India is considered a key player in the garlic export industry, along with countries such as South Korea, China, and Egypt. India’s garlic production mainly comes from the northern and central parts. The garlic produced by these parts is considered to be of superior quality. NPCS researchers found out that India exported 18,000 tons in the first quarter of the year valued at Rs 123.84 crore, an overwhelming upsurge of 169% in quantity and 107% in value, the maximum growth among the spices exported from India including the usual top-performing ones like chili, cumin, and spice oleoresins.   India stands at the second-highest producer of garlic globally at 5.29%, China being the world leader of garlic in production donating to 77.07% of world capacity followed, South Korea at 2.08%, and Russia at 3.98 %.

Variety of Garlic Based Products:

  The consumption of pickled garlic by Korean, cannot be ignored, which is about 60 pounds a year. Whereas the homemade pickled market is easily available and easy to make at home.   Another easy to sell garlic product is garlic pesto sauce, it is easy to make with the garlic and herbs easily available in the market. Gourmet chefs love it and generally pay a premium price for convenience.   A quite expensive garlic product is garlic vinegar, it is widely being used by a lot of trendy chefs. Due to its popularity and profit garlic growers make bottles of this gourmet product.   A lot of researchers found that garlic can provide effective, safe, and cheap insecticide. A very basic garlic spray can kill up to 95% of common pests. Garlic insecticide profit margins are huge.   Gourmet garlic powder has also made its place in the spice market. It is easy to make a food product that has a lot of superior products and is healthy to eat.  

Production and Growth

     


The market of garlic is anticipated to bring in the US $ 19,488.2 million in revenue by the end of the year 2022. From 2019-2024, it is anticipated that the garlic market will rise at a CAGR of 4.7% globally. Garlic holds the title of the most important crop in the majority of Asian countries. Therefore, Asia-Pacific holds a 90% share of the market globally, in terms of consumption of garlic. The global market for garlic extract is a growing phase and is anticipated to record a significant growth rate over the forecasted period. In a lot of the region, black garlic that is being obtained from fresh garlic is als0 in high demand as it is considered more beneficial than fresh garlic. Hard neck garlic is also an emerging industry gaining nearly two-third revenue share of the garlic market towards the end of 2017. Hard neck garlic is also projected to create incremental opportunities between 2017 and 2022.      

Conclusion

  NIIR project consultancy services (NPCS) is committed to offering an unbiased and independent market research solutions to their clients. The project report by NPCS on “Garlic and Garlic based Products” provides all the major components of the industry and all the data is compiled after months of executive research.


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Garlic Oil and Powder
Garlic Oil and Powder

Garlic is one of the important bulb crops grown and used as spice and condiment throughout India. It possesses a high nutritive value and medicinal... Read More

Capacity : Garlic Oil :10 Kgs/ Day •Garlic Powder:2 MT /Day
Plant and Machinery cost: 58.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):25.00%
Break Even Point (BEP):56.00 %
TCI :241.00 Lakhs
Cost of Project : 241.00Lakhs
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Garlic Oil
Garlic Oil

Garlic is one of the important bulb crops grown and used as spice and condiment throughout India. It possesses a high nutritive value and medicinal... Read More

Capacity : Garlic Oil :25.0 Kgs/ Day •Garlic Powder as bye Product: 5 MT /Day
Plant and Machinery cost: 53.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):56.00 %
TCI :311.00 Lakhs
Cost of Project : 311.00Lakhs
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DEHYDRATION OF ONION AND GARLIC
DEHYDRATION OF ONION AND GARLIC

Dehydration technology is well established and proven. Certain products like green peas cauliflower carrots spinach etc. command good prices during... Read More

Capacity : Dehydrated Onion:4.0 MT/Day, Dehydrated Garlic:5.6 MT/Day
Plant and Machinery cost: 82.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):32.00%
Break Even Point (BEP):55.00 %
TCI :469.00 Lakhs
Cost of Project : 469.00Lakhs
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Dehydrated Garlic Powder
Dehydrated Garlic Powder

Garlic powder means garlic in powder form. Powder form means moisture less or dehydrated form. The garlic powder is manufactured by many large scal... Read More

Capacity : 300 Kg / Day
Plant and Machinery cost: 6.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):50.00%
Break Even Point (BEP):44.00 %
TCI :63.00 Lakhs
Cost of Project : 63.00Lakhs
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DEHYDRATED GARLIC POWDER
DEHYDRATED GARLIC POWDER

Garlic powder means garlic in powder form. Powder form means moisture less or dehydrated form. In other words, dehydrated garlic is in flour form. ... Read More

Capacity : 300 Kgs / Day
Plant and Machinery cost: 6.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):51.00%
Break Even Point (BEP):45.00 %
TCI :64.00 Lakhs
Cost of Project : 64.00Lakhs
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Garlic Powder
Garlic Powder

The dehydration or drying of garlic is used for its preservation. Garlic powder is used in ayurvedic medicines for ailments for flavouring purposes... Read More

Capacity : 300 Kgs / Day
Plant and Machinery cost: 6.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):51.00%
Break Even Point (BEP):45.00 %
TCI :64.00 Lakhs
Cost of Project : 64.00Lakhs
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2nd Revised Edition of The Complete Book on Onion & Garlic Cultivation with Processing
2nd Revised Edition of The Complete Book on Onion & Garlic Cultivation with Processing

 

2nd Revised Edition of The Complete Book ... Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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NameCapacityRate of return (ROR):Cost of project
Garlic Oil and Powder Garlic Oil :10 Kgs/ Day •Garlic Powder:2 MT /Day 25.00 241.00
Garlic Oil Garlic Oil :25.0 Kgs/ Day •Garlic Powder as bye Product: 5 MT /Day 27.00 311.00
DEHYDRATION OF ONION AND ... Dehydrated Onion:4.0 MT/Day, Dehydrated Garlic:5.6 MT/Day 32.00 469.00
Dehydrated Garlic Powder 300 Kg / Day 50.00 63.00
DEHYDRATED GARLIC POWDER 300 Kgs / Day 51.00 64.00
Garlic Powder 300 Kgs / Day 51.00 64.00
2nd Revised Edition of Th... 0 0.00 0.00

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Ø  Introduction

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·         Project Objective and Strategy

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·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

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Ø  Raw Material

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Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR