The Broccoli Powder Market is Predict to reach USD 106.8 Million by 2031, at a CAGR of 10.8%

25-Sep-2024 | Report Format: Electronic (PDF)

Broccoli Powder Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Broccoli Powder Market size is expected to reach $106.8 million by 2031, rising at a market growth of 10.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 816 tonnes, experiencing a growth of 10.8% (2020-2023).

The Organic market is expected to witness a CAGR of 13.2% during (2024 - 2031). Health-conscious individuals seeking products free from pesticides, chemicals, and synthetic additives drive the demand for organic broccoli powder. Despite its relatively higher price point, the organic segment continues to expand, fueled by increasing awareness about organic farming practices' environmental and health benefits.

Broccoli Powder Market Size - By Region

The B2B segment is leading the Global Broccoli Powder Market by Distribution Channel in 2023; thereby, achieving a market value of $81.0 million by 2031. This dominance is primarily driven by the growing demand for broccoli powder from industries such as food and beverage, dietary supplements, and pharmaceuticals. Manufacturers in these sectors often use broccoli powder in health products like smoothies, protein shakes, and functional foods.

The Nutritional Supplements segment is capturing a CAGR of 10.5% during (2024 - 2031). The use of broccoli in dietary supplements has been influenced by the growing recognition of its nutritional benefits, including its high content of vitamins, antioxidants, and fiber and the growing emphasis on preventive healthcare. Broccoli powder is commonly included in superfood blends, detox formulations, and immune-boosting supplements, making it a popular choice among health-conscious consumers. The ease of incorporating broccoli powder into capsules and powders has further supported its growth in this segment.

Full Report: https://www.kbvresearch.com/broccoli-powder-market/

The North America region dominated the Global Broccoli Powder Market by Region in 2023; thereby, achieving a market value of $37.1 million by 2031. The Europe region is poised to grow at a CAGR of 10.6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 11.6% during (2024 - 2031).