SULFORAPHANE MARKET REPORT OVERVIEW
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The global sulforaphane market size was USD 13 million in 2021 and is expected to reach USD 23.55 million in 2031, exhibiting a CAGR of 5.6% during the forecast period.
Sulforaphane is a sulfur-rich and anti-cancer composite in cruciferous vegetables, commonly attributed to cabbage, kale, and broccoli. It is in the sedentary form glucoraphanin that fits into the glucosinolate family of compounds. It is stimulated when glucoraphanin comes in interaction with myrosinase, which is a part of enzymes that play a major role in the protection reaction of vegetation. It seems to have common but strong antioxidant and promising anti-inflammatory movements, with the earlier like to curcumin. It has remained connected to health benefits, such as an enriched heart and digestion.
COVID-19 Impact: Increasing Demand from R&D to Foster Market Progress
The global COVID-19 pandemic has been unprecedented and staggering, with sulforaphane experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the sulforaphane market growth and demand returning to pre-pandemic levels once the pandemic is over.
As the COVID-19 pandemic has transformed people's approaches to their food shopping habits, sulforaphane has presented a maintainable substitute. Such vegetables do not have a straightforward outcome in reducing the virus but benefit secondarily by guarding the body part owing to their antioxidant properties, strengthening immune structure, and developing a defense system against the virus. Therefore, the market has experienced a hiked demand from the consumers’ side and is expected to develop during the forecast period.
LATEST TRENDS
"Increasing Adoption of Indoor Farming to Foster Market Growth"
The rising health awareness has directed individuals to consume a diet filled with nutrients, which has directed the approval of indoor farming. Customers not only practice indoor farming in households, but it is mainly being cultured in major greenhouses. Therefore, the market is expected to develop in the coming years. Consumers are revolving toward healthy diets; the production of vegetables is expected to upsurge during the forecast period. The increasing adoption of secure farming has directed the market to cultivate reasonably across the globe. Moreover, there has been a stable growth in greenhouse production of vegetables that is expected the development will endure in the coming future. The achievement of the greenhouse procedure is enhancing the sulforaphane market. Therefore, the profits have stabilized with the progress in demand, which has supported the sulforaphane market growth.
SULFORAPHANE MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into 0.1% - 1% sulforaphane, 1% - 10% sulforaphane, and Other Grade.
- By Application Analysis
Based on applications, the market is classified into Health Care Products and Others.
DRIVING FACTORS
"Increasing Demand from Medical Sector to Foster Market Growth"
Sulforaphane is also recognized to recover signs of autism. A study has also discovered that broccoli can improve the blood sugar level in patients with Type 2 diabetes. This creates the application of broccoli extract in the healthcare sector a significant profit growth driver for the global market. Sulforaphane in broccoli extract supports skin restoration and reduces aging. The vitamin C in this phenomenon vegetable removes free radicals, making hair thick and strong. This demands the peak of the newer section of the people who seek to finance personal grooming to look attractive and to sustain their health. Broccoli is recognized to be a delicious vegetable that is rich in nutrients. A phytochemical derived from broccoli leaves called sulforaphane aids in inhibiting cancer by cleansing mixtures taken into the body and by augmenting the anti-oxidation capability.
"Anti-Cancer Effects to Promote Growth"
Sulforaphane has been connected with several health benefits and might positively touch heart disease, cancer, diabetes, and digestion. A more high-quality examination is desired to appreciate the amount of these effects on a human being. Sulforaphane has been revealed to have anticancer properties in an amount of test-tube and animal training, falling the size and number of numerous types of cancer tumors. Cancer is an actually deadly illness categorized by the unrestrained progress of cells. It may also avoid cancer cell growth by discharging antioxidant and detoxification enzymes that guard counter to carcinogenic ingredients that affect cancer.
RESTRAINING FACTORS
"Side Effects to Impede Market Progress"
The side effects have been linked with sulforaphane supplements, such as a surge in constipation, gas, and diarrhea. Despite their rising popularity, more investigation is desired to control the ideal dose, security, and use of sulforaphane supplements in human beings.
SULFORAPHANE MARKET REGIONAL INSIGHTS
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"Increasing Investments by Prominent Players to Foster Market Growth in North America"
North America is projected to dominate the sulforaphane market share due to enhanced indoor farming, US farmers have been able to harvest vegetables on a huge scale. Furthermore, farming generates the maximum revenue for Californian growers. Therefore, produces such as broccoli, lettuce, and salad veggies are mature, which are best suitable for this agricultural method. Rising indoors farming removes numerous of the pest and disease problems of outside fabrication. Therefore, organic farmers are beating into this market owing to the augmented demand from cooks that use them as flavor enrichments and lively garnishing.
KEY INDUSTRY PLAYERS
"Incorporation of Strategies for Increasing Product Adoption to Help Companies Grow"
The sulforaphane market is fragmented, and the key competitors have used various techniques to strengthen their positions in the market, including expansions, agreements, new product releases, joint ventures, partnerships, and acquisitions. The global sulforaphane market share due to enhanced indoor farming, US farmers have been able to harvest vegetable market provides a playing field for small and medium-sized market players to experiment with new business strategies.
List of Market Players Profiled
- Brassica Protection Products (U.S.)
- Seagate (U.S.)
- Lingeba Technology (China)
- Zhe Jiang Teley (China)
- Pioneer Herb Industrial (China)
- Xian Yuensun Biological Technology (U.S.)
- Anhui Chengya (China)
REPORT COVERAGE
The research examines the most recent developments and the most profitable categories. It goes through the influence of COVID-19, the driving and restraining elements in detail. It keeps track of the important players' strategies and regional trends. It allows readers to learn about the critical methods that promote market growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 13 Million in 2021 |
Market Size Value By |
US$ 23.55 Million by 2031 |
Growth Rate |
CAGR of 5.6% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type, Application & Region |
Frequently Asked Questions
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What is the estimated global market size for the sulforaphane market?
The global sulforaphane market is expected to reach USD 23.55 million by 2031.
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What CAGR is the sulforaphane market expected to exhibit by 2031?
The sulforaphane market exhibits a CAGR of 5.6.% during the forecast period.
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Which are the driving factors of the sulforaphane market?
Increasing demand from the medical sector and anti-cancer effects are the driving factors of this sulforaphane market.
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Which are the top companies operating in the sulforaphane market?
Brassica Protection Products, Seagate, Lingeba Technology, Zhe Jiang Teley, Pioneer Herb Industrial, Xian Yuensun Biological Technology, Anhui Chengya are the top companies operating in the sulforaphane market.