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Glucosinolates Market Size, By Extract (Broccoli {Functional Food, Dietary Supplements, Cosmetics}, Mustard Seed {Food & Beverages, Cosmetics, Pharmaceuticals}, Brussel Sprouts {Food & Beverages, Cosmetics, Pharmaceuticals}, Cabbage {Food & Beverages, Dietary Supplements, Cosmetics}), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2023-2032

  • Report ID: GMI4353
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Driver

Glucosinolates Market size was valued at more than USD 180 million in 2022 and is anticipated to record over 5.5% CAGR from 2023 to 2032. Public health awareness and availability of dietary supplements to promote industry expansion.
 

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The prevalence of chronic and non-communicable diseases (NCD) among the global population would influence market progress. As per estimates by the World Health Organization (WHO), around 41 million people die from NCDs such as cardiovascular diseases, diabetes, cancer, and chronic respiratory diseases each year. Such events would impose a major burden on healthcare across undeveloped countries in South-East Asia.
 

New public health awareness drives have promoted the consumption of cruciferous vegetables and supplements to boost their immune systems. The adoption of plant-based drugs and rising cases of allergies among the younger population will likely elevate the demand for glucosinolates supplements in the coming years.
 

The limited research potential of the product along with the easy availability of substitutes may hamper the glucosinolates market development. Growing preference for numerous dietary supplements and low-cost formulated drugs has impacted the sales of plant-based supplements to some extent. However, the growing popularity of plant-derived drugs on e-commerce platforms and a consumer shift toward veganism and a green diet are estimated to favor the glucosinolates industry.
 

Growing sales of broccoli extract supplements to support market growth

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Glucosinolates market from the broccoli extract segment is anticipated to record more than 6.2% CAGR from 2023 to 2032. Broccoli is rich in glucosinolates that help fight and suppress diseases like cancer. It is also a good source of vitamins like A, B, C, and K and contains antioxidants. The need for affordable functional foods that enable disease prevention could drive the demand for broccoli extract supplements. A fast-paced urban lifestyle would trigger the need for plant-based drugs in tablet form compared to actual foods. Growing awareness regarding the benefits of broccoli extracts will encourage product sales over the forecast period.
 

High demand for mustard seed extract to influence market expansion

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Glucosinolates market from the mustard seed extract segment is expected to cross USD 60 million by 2032. The use of mustard seed glucosinolates is growing in the pharmaceutical sector as it works as a suitable ingredient for ointments, compresses, plasters, and liniments. They are also excellent for detoxifying chronic illnesses and treating bronchial infections. The growing elderly population that is prone to diseases and infections would drive the demand for new medicines as well as fuel pharmaceutical R&D and drug development activities that involve the use of mustard seed extracts.
 

Increasing pesticide consumption across APAC to drive glucosinolates demand

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market for glucosinolates was valued at more than USD 180 million in 2022 and is anticipated to record over 5.5% CAGR from 2023 to 2032.
Mustard seed extract segment is expected to cross USD 60 million by 2032 owing to robust use of the product in ointments, compresses, plasters, and liniments in the pharmaceutical sector.
Asia Pacific glucosinolates market share is projected to cross USD 130 million by 2032 owing to the rising demand for insecticides and pesticides in the region.
Jarrow Formulas GmbH, Brightol, Native Extracts, Interherb Ltd., Nutra Canada, Seagate Products, Wincobel, Kirkman Group, and NutraValley, are some of the leading players in the market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 460
  • Countries covered: 21
  • Pages: 230
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