As per this study the Global Broccoli Extract Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Broccoli extract is the type of vegetable extracts derived from sprouts and seeds of broccoli. Broccoli is an excellent source of various essential nutrients however when cooked, these nutrients degrade and thus broccoli extract is preferred. The broccoli extract is rich source sulfur-containing compounds that possess anti-cancer properties, and also promotes cellular health, improve cholesterol level, protects against inflammation and oxidative stress. It can be consumed in the form of liquid, powder or pills.
Rising demand of broccoli extract on account of growing awareness with respect to its health benefits is driving the market growth. Increase usage in the cosmetic and pharmaceutical sector to offer protection against inflammation, oxidative stress, and to promote cellular health is fueling the market growth. Increasing inclination towards healthier and plant-based food products on account of rise in health-conscious population is pushing the demand of the broccoli extract. However, intense market competitiveness results in a reduction in profit margins act as a key challenge for market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of broccoli extract.
The broad broccoli extract market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Functional Food
- Dietary Supplement
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for broccoli extract in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Broccoli Extract Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the broccoli extract market include Jarrow Formulas, Love Life Supplements, Nutra Canada, Seagate Products, Source Naturals, Wincobel and Xian Yuensun Biological Technology among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.