Global Broccoli Extract Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2033

Global Almond Products Market was valued at USD 10180 Million in 2023 and reaches to USD 19132.8 Million by 2033 at a CAGR of 6.4%

“Global Broccoli Extract Market” report has been recently generated by MarketResearch.biz. The report has been segmented on the basis of form, product type, end-user, distribution channel, and region. The top-down and bottom-up approach was used, and the dynamics section contains detailed factors that are driving or restraining market growth. Historical revenue and projected values have been provided in tabular format along with supporting content and factors. The company profile section comprises the top 10 companies in the market, and a detailed description of financials, segments, revenues etc.

The global broccoli extract market refers to the market for extracts derived from broccoli, which are used in various industries such as dietary supplements, food and beverage, and personal care. The market is driven by factors such as increasing awareness about the health benefits of broccoli, growing demand for natural and organic products, and rising disposable income. The market is segmented by form, such as powder, liquid and others, and by application, such as dietary supplements, food and beverage, and personal care.

Overview

Broccoli is a green vegetable that belongs to Brassica oleracea plant. It is a good source of fiber, vitamins, minerals, and antioxidants. Broccoli extract is a source of sulfur-containing compounds which possess anti-cancer properties, and it improves cholesterol level, promotes cellular health, and protects against oxidative stress Assays and inflammation. Broccoli extract is consumed in the form of liquid, powder, or capsule.

Dynamics

Growing consumer awareness regarding health benefits associated with plant-based food products is a major factor projected to continue to drive the growth of the global broccoli extract market. In addition, the increasing adoption of broccoli extract in the pharmaceutical industry owing to ability to aid in protection against oxidative stress, and inflammation, and to promote cellular health is another factor projected to drive growth of the global market in the near future. Furthermore, the increasing use of broccoli extracts in the cosmetics industry is a factor projected to support growth of the global market in the near future.

However, stringent regulations and rules associated with broccoli extracts is a key factor projected to restrain growth of the target market in future.

Segment Analysis

By Form:

Among the form segments, the powder segment is currently dominating the global market in terms of revenue share contribution. Increasing demand for broccoli extract powder and its application in dietary supplements is a major factor projected to drive the growth of this segment.

By Product Type:

Among the product type segments, the sprout extract segment is projected to register major growth in terms of revenue in the future.

By End-use:

Among the end-use segments, the functional food segment is projected to account for a significantly high revenue share in the global market. This is attributable to the increasing demand for broccoli extract-based food products among consumers in developed economies, and this is projected to drive growth of this segment over the forecast period.

By Distribution Channel:

Among the distribution channels segments, the indirect segment is projected to account for high revenue share contribution in the global market over the forecast period.

Region Analysis

The Asia Pacific broccoli extract market is projected to register major revenue share and dominate the global market. Presence of key companies and exporters of broccoli extract in countries such as India is projected to drive growth of the market in Asia Pacific. In addition, rising adoption of broccoli extract in the food industry and increasing adoption of broccoli extract as an additive in cosmetic products in emerging economies such as India, China, and Japan is projected to drive growth of the market in Asia Pacific. The North America broccoli extract market is projected to account for significant revenue share in the global market. Increasing awareness regarding various benefits of broccoli extract and application in a range of products is projected to be among some of the major factors driving growth of the North America market

Global Broccoli Extract Market Segmentation:

Segmentation by form:

• Liquid
• Capsule
• Powder

Segmentation by product type:

• Seed Extract
• Sprout Extract

Segmentation by end use:

• Functional Food
• Dietary Supplements
• Cosmetics

Segmentation by distribution channel:

• Direct
• Indirect
  • Store Based Retailing
  • Hypermarket/ Supermarket
  • Specialty Stores
  • Drug Store
• Online Retailing

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa