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, Die

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, 2021 - 2027

The glucosinolates market is set to grow substantially by 2027 owing to surging emphasis on health and wellbeing across the globe. Moreover, escalating incidences of metabolic and chronic diseases, including cancer, diabetes, and cardiovascular diseases, are expected to support market adoption through the forecast period.

Glucosinolates are typically found in prominent edible plants like Brassica vegetables, such as broccoli, cabbage, cauliflower, and mustard, among others. Research studies examining the health advantages of glucosinolates have found a link between high consumption of Brassica vegetables and low cancer and heart attack risks. Thus, rising awareness pertaining to health advantages of glucosinolates has boosted product demand.

Moreover, industry players have been implementing lucrative tactics to establish a strong foothold in the developing market, which has positively impacted industry dynamics. For instance, in May 2021, Native Extracts, a key company in the glucosinolates space, launched its new Nutraceutical Division to undertake extensive research on the benefits of phytonutrients. As a result, growing research focus on the product has positively influenced industry outlook.

The glucosinolates market has been segmented based on extract, application, and region. With respect to extract, the market has further been bifurcated into broccoli, cabbage, brussel sprouts, mustard seed, and others.

The broccoli extract segment finds application in functional food, dietary supplements, cosmetics, and others. The others application segment is expected to grow significantly at a CAGR of approximately 5.9% through the projected period.

Based on cabbage, the applications of glucosinolates market have been bifurcated into food & beverages, cosmetics, dietary supplements, and others. In 2020, the others application segment accounted for around 18.5% of the cabbage glucosinolates market in terms of revenue and is estimated to expand at a substantial pace over 2021-2027.

The mustard seed extract segment finds application in cosmetics, pharmaceuticals, food & beverages, and others. The mustard seed glucosinolates market from the others application segment is anticipated to grow at a CAGR of above 6.2% over the forecast period.

With respect to brussel sprouts, the applications of the market have been divided into pharmaceuticals, food & beverages, cosmetics, and others. The cosmetics application segment is calculated to expand at a CAGR of more than 5.8% through the assessment timeframe. The pharmaceuticals application segment of the brussel sprouts glucosinolates market is anticipated to surpass a valuation of USD 8.5 million by the end of 2027.

Other applications of the glucosinolates market have been segregated into dietary supplement, food & beverages, cosmetics, and others. In 2020, the food & beverages application segment garnered a notable valuation of nearly USD 13 million and is slated to observe steady growth over the review period. The cosmetics application segment held approximately 15% revenue share in the market in 2020 and is speculated to see notable growth through 2027.

From the regional perspective, the Middle East & Africa glucosinolates market is expected to exceed a revenue of USD 8 million by the end of 2027, delivering a robust CAGR over the study timeframe.