Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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 brussels sprout. On the basis of applications, the sub-markets include food and
beverage, pharmaceuticals, cosmetics, and others.
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.
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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