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Glucosinolates Market (Extract - Mustard Seed, Broccoli, Cabbage, and Bruseel Sprouts; Applications - Food and Beverage, Pharmaceuticals, Cosmetics, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : January, 2022

  • Rep Id : FB0297

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on the glucosinolates market provides in-depth analysis of segments and sub-segments in the global as well as regional glucosinolates market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional glucosinolates market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global glucosinolates market. According to the report, the global glucosinolates market is projected to grow at a CAGR of 6.70% over the forecast period of 2021-2027.

 

Market Insight

The revenue generated by the market was approximately USD 162 million in 2020 and is expected to reach approximately USD 251.9 million in 2027. Glucosinolates are primarily found in cruciferous plants and are a wide group of plant secondary metabolites having nutritional effects. The bioavailability of glucosinolates is influenced by multiple factors such as atmosphere packaging, temperature, and storage time along with inactivation processes of myrosinase. The major source of extraction of glucosinolates is Broccoli, Brussel sprouts, mustard seed, and cabbage having applications in functional foods, dietary supplements, and cosmetics. The major source of raw material for glucosinolates extraction are sourced from developing countries having agricultural base such as India, China and others. Vertical farming is emerging as an alternative to grow cruciferous plants in urban settings.

 

The consumption of plant based foods is growing around the world. As plant based foods are emerging as alternatives to traditional food which are unsustainable environmentally and have several harmful effects on the human health. The consumption of plant based foods has also increased due to the increasing number of food based companies offering a wide array of plant based food products. Glucosinolates are used in a range of functional foods. Therefore, the demand for glucosinolates has increased from food and beverage industry. Another factor majorly driving the growth of the market is the rising awareness of health benefits of cruciferous plants. Cruciferous plants are the major source for extracting glucosinolates. Glucosinolates are effecting in preventing cardiovascular diseases and is good for heart and liver. Easy availability of substitutes is expected to restrain the growth of the market. Nevertheless, new opportunities are expected to arise as the research and development for new applications of glucosinolates is growing.

 

The glucosinolates market is segmented region wise into North America, Europe, Asia-Pacific and Rest of the World. North America is expected to be the biggest market region wise. North America has an advanced research base and an established cosmetic, pharmaceutical and food and beverage industry. Thus, the demand from these industries for glucosinolates is growing. Additionally, advanced research base in North America has led to continuous R&D in exploring new applications of the glucosinolates. Asia-Pacific is expected to growing at fastest rate due to the presence of market players such as Wincobel Chemical Co., Ltd., Interherb Ltd., Xian Yuensun Biological Technology Co. Ltd., and others.

 

global-glucosinolates-market


Segment Covered

The report on global glucosinolates market covers segments such as extract, and applications. On the basis of extract, the sub-markets include mustard seed, broccoli, cabbage, and bruseel sprouts. On the basis of applications, the sub-markets include food and beverage, pharmaceuticals, cosmetics, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Kirkman Group, Wincobel Chemical Co., Ltd., Jarrow Formulas GmbH, Source Naturals, Nutra Canada, Interherb Ltd., Xian Yuensun Biological Technology Co. Ltd., NATIVE EXTRACTS Pty Ltd, Brightol, and Seagate Products.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the glucosinolates market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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