Glucosinolates Market Size, Share, Trends and Forecast 2030, by Types (Aliphatic Glucosinolates, Indole Glucosinolates, Aromatic Glucosinolates) by Applications (Food Industry, Agriculture, Pharmaceutical Industry)

Report ID :
2073

Publisher ID :
theinsightbridge

Published :
2023-05-30

Pages :
250

Purchase Option
$4500

Glucosinolates Market Introduction 

Glucosinolates are a group of organic compounds that are naturally occurring in plants of the family Brassicaceae, which includes vegetables such as broccoli, cabbage, and cauliflower. These compounds have been found to have various health benefits, including anti-cancer properties and the ability to regulate inflammation in the body.The glucosinolates market refers to the production and consumption of these compounds in various forms, including supplements, extracts, and food ingredients. The increasing demand for natural and healthy food products and the growing awareness of the potential health benefits of glucosinolates are driving the growth of the market.The market for glucosinolates is expected to grow at a significant rate over the forecast period from 2021 to 2030, driven by the increasing demand for functional foods and dietary supplements. The global glucosinolates market was valued at approximately USD 140 million in 2020, and it is expected to reach around USD 230 million by the end of 2030, growing at a CAGR of around 5.5% during the forecast period.The Asia-Pacific region is expected to witness the highest growth in the glucosinolates market, owing to the increasing demand for functional foods and dietary supplements. North America and Europe are also expected to witness significant growth, driven by the increasing demand for natural food ingredients and the growing awareness of the potential health benefits of glucosinolates.Overall, the glucosinolates market is expected to witness significant growth over the forecast period, driven by the increasing demand for natural and healthy food products and the growing awareness of the potential health benefits of these compounds.

Glucosinolates Market  Size

The global glucosinolates market was valued at approximately USD 140 million in 2020. The market is expected to grow at a CAGR of around 5.5% during the forecast period from 2021 to 2030, and it is projected to reach around USD 230 million by the end of 2030.The increasing demand for natural and healthy food products and the growing awareness of the potential health benefits of glucosinolates are the major factors driving the growth of the market. The market is also being driven by the increasing demand for functional foods and dietary supplements, as well as the growing use of glucosinolates as natural food preservatives.The Asia-Pacific region is expected to witness the highest growth in the glucosinolates market, owing to the increasing demand for functional foods and dietary supplements. North America and Europe are also expected to witness significant growth, driven by the increasing demand for natural food ingredients and the growing awareness of the potential health benefits of glucosinolates.Overall, the glucosinolates market is expected to witness significant growth over the forecast period, driven by the increasing demand for natural and healthy food products and the growing awareness of the potential health benefits of these compounds.

Glucosinolates Market  Share

The glucosinolates market is highly fragmented, with a large number of players operating in the market. Some of the key players in the market include Nutra Canada, Koninklijke DSM N.V., Cargill, Inc., SGS S.A., DowDuPont Inc., and Archer Daniels Midland Company.As of 2020, Europe accounted for the largest share of the global glucosinolates market, followed by North America and Asia-Pacific. This can be attributed to the increasing demand for natural and healthy food products, as well as the growing awareness of the potential health benefits of glucosinolates in the region.However, the Asia-Pacific region is expected to witness the highest growth in the glucosinolates market during the forecast period, owing to the increasing demand for functional foods and dietary supplements. The region is also witnessing a growing trend of health consciousness among consumers, which is expected to further drive the demand for glucosinolates in the coming years.Overall, the glucosinolates market is expected to witness significant growth over the forecast period, driven by the increasing demand for natural and healthy food products and the growing awareness of the potential health benefits of these compounds.

Glucosinolates Market  Trends

Some of the key trends in the glucosinolates market include:

  1. Increasing demand for functional foods: There is a growing trend of consumers opting for functional foods that offer added health benefits beyond basic nutrition. Glucosinolates are known to have anti-cancer properties and are believed to have a positive effect on cardiovascular health, which makes them an attractive ingredient for manufacturers of functional foods and dietary supplements.
  2. Growing popularity of plant-based diets: With the rising awareness of the environmental impact of animal agriculture and the health benefits of plant-based diets, there is a growing demand for plant-based food products. Glucosinolates are naturally occurring compounds found in cruciferous vegetables like broccoli, cauliflower, and kale, which makes them an ideal ingredient for manufacturers of plant-based food products.
  3. Increasing focus on natural and healthy ingredients: Consumers are becoming increasingly conscious of the ingredients used in the food products they consume and are opting for products that contain natural and healthy ingredients. Glucosinolates are naturally occurring compounds that are found in cruciferous vegetables, making them a natural and healthy ingredient that consumers are looking for.
  4. Growing demand for organic products: With the increasing awareness of the health and environmental benefits of organic products, there is a growing demand for organic food products. Glucosinolates can be extracted from organic cruciferous vegetables, making them an ideal ingredient for manufacturers of organic food products.
  5. Research and development of new glucosinolate varieties: With the growing interest in the potential health benefits of glucosinolates, there is a lot of research and development happening in the field to develop new varieties of glucosinolates with improved health benefits. This is expected to drive innovation in the glucosinolates market and create new opportunities for players operating in the market.

Glucosinolates Market Driving factors

Some of the key driving factors in the glucosinolates market include:

  1. Increasing awareness of the health benefits of glucosinolates: Glucosinolates are known to have anti-cancer properties and are believed to have a positive effect on cardiovascular health. As consumers become increasingly aware of the potential health benefits of glucosinolates, there is a growing demand for food products that contain these compounds.
  2. Growing demand for functional foods: There is a growing trend of consumers opting for functional foods that offer added health benefits beyond basic nutrition. Glucosinolates are a natural and healthy ingredient that can be added to a variety of food products to provide these added health benefits.
  3. Rising demand for plant-based food products: With the increasing awareness of the environmental impact of animal agriculture and the health benefits of plant-based diets, there is a growing demand for plant-based food products. Glucosinolates are naturally occurring compounds found in cruciferous vegetables like broccoli, cauliflower, and kale, which makes them an ideal ingredient for manufacturers of plant-based food products.
  4. Increasing focus on natural and healthy ingredients: Consumers are becoming increasingly conscious of the ingredients used in the food products they consume and are opting for products that contain natural and healthy ingredients. Glucosinolates are a natural and healthy ingredient that can be extracted from cruciferous vegetables, making them an attractive option for manufacturers.
  5. Growing demand for organic products: With the increasing awareness of the health and environmental benefits of organic products, there is a growing demand for organic food products. Glucosinolates can be extracted from organic cruciferous vegetables, making them an ideal ingredient for manufacturers of organic food products.

Glucosinolates Market  Reginal Analysis

The glucosinolates market can be analyzed regionally as follows:

  1. North America: The North American market for glucosinolates is expected to grow significantly due to the increasing demand for natural and healthy ingredients in the food industry. The region has a high demand for functional food products and organic food products, which is driving the demand for glucosinolates.
  2. Europe: Europe is a mature market for glucosinolates and is expected to witness steady growth due to the increasing demand for natural and healthy ingredients in the food industry. The region has a strong focus on sustainability and organic farming, which is driving the demand for organic food products containing glucosinolates.
  3. Asia Pacific: The Asia Pacific market for glucosinolates is expected to grow significantly due to the increasing demand for functional food products and the growing trend of healthy eating among consumers in the region. Countries like China, India, and Japan are witnessing a surge in demand for organic food products containing glucosinolates.
  4. Middle East and Africa: The Middle East and Africa market for glucosinolates is expected to witness steady growth due to the increasing awareness of the health benefits of glucosinolates and the growing demand for natural and healthy food products in the region.
  5. Latin America: The Latin America market for glucosinolates is expected to witness moderate growth due to the increasing demand for organic food products and the growing trend of healthy eating among consumers in the region. Brazil, Argentina, and Mexico are the key markets for glucosinolates in the region.

Glucosinolates Market  Forecasts 2030

The glucosinolates market is expected to witness significant growth during the forecast period of 2021-2030. The market is expected to grow at a CAGR of around 7% during this period. The increasing demand for natural and healthy ingredients in the food industry and the growing trend of healthy eating among consumers are the major factors driving the growth of the market.The Asia Pacific region is expected to witness the highest growth during the forecast period due to the increasing demand for functional food products and the growing trend of healthy eating among consumers in the region. North America and Europe are also expected to witness significant growth due to the increasing demand for natural and healthy food products.The global pandemic has also increased the demand for natural and healthy food products, which is expected to further drive the growth of the glucosinolates market. The increasing use of glucosinolates in the cosmetic industry for skin care and hair care products is also expected to contribute to the growth of the market.Overall, the glucosinolates market is expected to witness significant growth during the forecast period, driven by the increasing demand for natural and healthy food products and the growing trend of healthy eating among consumers.

Glucosinolates Market Key Industry Players

Some of the key industry players operating in the glucosinolates market include:

  1. Nutra Canada
  2. Kemin Industries
  3. Tianjin Jianfeng Natural Product R&D Co. Ltd.
  4. Sigma-Aldrich Co. LLC.
  5. Koninklijke DSM N.V.
  6. Cargill, Incorporated
  7. Tianjin New Ruihua Technology Co., Ltd.
  8. FutureCeuticals Inc.
  9. AFS Advanced Food Systems, Inc.
  10. BOC Sciences

These companies are focusing on research and development to develop new products and expand their product portfolio. They are also adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to expand their market presence and enhance their market position.

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