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Global Broccoli Extracts Market to Grow at 3.7% CAGR and Reach US$ 2.8 Bn by 2027-End

Press release Description

Albany, New York, April 3, 2018: A new research report titled “Global Market Study on Broccoli Extract: Seed Extract Product Type to Exhibit Relatively High Market Attractiveness Index During 2017 – 2027” has been added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global broccoli extract market is likely to reach a valuation of US$ 2.8 Bn by 2027-end, growing at a CAGR of 3.7% during the assessment period 2017-2027.

According to the report, the broader trend that is boosting the demand for broccoli extract is growing awareness related to role of nutritious food in maintaining health and well-being. Increase in the number of lifestyle diseases on account of poor dietary habits is influencing end-users to make more conscious choices. Growing awareness on health and wellness is likely to provide an impetus to growth during the assessment period.

Although the outlook on the global broccoli extracts market remains positive, challenges pertaining to supply chain and procurement of raw materials is likely to influence demand during the assessment period. Also, the growing awareness levels that are fuelling demand, vary across regions, with low awareness witnessed in developing countries. As a result, many developing countries in Asia Pacific and Latin America may witness lower demand for broccoli extracts during the assessment period.

The report offers detailed segment-wise analysis to readers in a bid to identify the lucrative and sluggish pockets of growth in the market. The segmentation has been offered on the basis of form type, product type, distribution channel, end-use, and nature of the product. According to the report, demand for broccoli extracts in powdered form account for the largest share of the market, whereas broccoli capsules are witnessing steady adoption. The report projects broccoli extract capsules to witness high growth rates during the assessment period.

By nature, demand for organic broccoli extracts is growing at a high CAGR, however, conventional broccoli extracts dominate on the basis of revenue share. By product type, the key segments include seed extract and sprout extract. Between these, demand for sprout extract is likely to grow at a higher CAGR during the assessment period. Functional foods remain one of the most lucrative segments on the basis of end-use, whereas indirect segment remains a preferred distribution channel for manufacturers.

By region, North America is likely to remain one of the largest markets for broccoli extracts during the assessment period. The demand for broccoli extracts in North America is likely to remain concentrated in the US. In addition to North America, Asia Pacific is likely to remain one of the leading markets for broccoli extracts during the assessment period. China and India are likely to remain the two largest markets for broccoli extracts during the assessment period.

The report also profiles some of the leading players in the broccoli extracts market, highlighting their key business and product strategies. According to the report, some of the leading players in the market include Wincobel, Love Life Supplements Ltd., Jarrow Formulas GmbH, Biological Technology Co., Ltd., Source Naturals, Nutra Canada, Seagate Products, Xian Yuensun Kirkman Group Inc., and Interherb Ltd.

Browse Full Global Broccoli Extract Market Report with TOC :

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