Glucosinolates Market size to hit $330 Mn by 2032

Published Date: February 7, 2023

Glucosinolates Market size is expected to cross USD 330 million by 2032, according to a new research report by Global Market Insights Inc.

The rising demand for cosmetics across Europe will influence the market growth. As per the Cosmetics Europe Association, in 2021, the European cosmetics and personal care sector was valued at nearly USD 88 billion. Sulforaphane glucosinolates are good antioxidants that help in improving skin tone and texture. Cosmetics like creams, lotions, and other topical application products contain glucosinolates. As broccoli has the properties to make hair shinier and silkier, cosmetic brands are incorporating it in their shampoo and conditioners. Developments like these in the cosmetics sector will boost the market demand.

Medicinal benefits of cabbage extracts to promote product uptake

The glucosinolates market share from the cabbage extract segment is poised to reach USD 20 million by 2032. Cabbage is one of the cruciferous vegetables that are rich in glucosinolate and is packed with nutrients like Vitamin A, Vitamin K, magnesium, potassium, etc. Studies has shown that it has the ability to prevent some types of cancer due to the presence of glucosinolates. It is also used in dietary supplements as they help cure stomach-related conditions like ulcers, Roemheld syndrome, excess stomach acids, intestine ulcers, etc.

Browse key industry insights spread across 230 pages with 435 market data tables and 25 figures & charts from the report, “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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/glucosinolates-market

High production of cruciferous vegetables across North America

North America glucosinolates industry size will witness over 6.2% CAGR from 2023 to 2032. The demand for broccoli, cabbage, Brussels sprouts, and other cruciferous vegetables is high in the region. Globally, the United States is the third largest producer of broccoli, with California leading at 90%, and out of this 15-20% of the produce is exported to Canada, Taiwan, and Japan. The demand for brussels sprouts is particularly high due to their health benefits. North American suppliers exported the highest dollar worth Brussels in 2021 with shipments valued at nearly USD 136 million which was more than half of the worldwide total.

Business expansion activities by leading comapnies

Some of the leading companies operating in the glucosinolates market include Jarrow Formulas GmbH, Nutra Canada, NutraValley, Xian Yuensun Biological Co., Ltd, Native Extracts, Seagate Products, Wincobel, Brightol, Interherb Ltd., and Kirkman Group. Companies are working on expanding their business and improving their geographical standing through new product launches, strategic partnerships, mergers, and much more. For instance, in September 2022, Native Extracts launched in Poland as a part of its global expansion process.