Market Overview:
The global horseradish extract market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for horseradish extract from food and beverage, pharmaceuticals, and other applications. The powder segment is expected to dominate the global horseradish extract market during the forecast period owing to its high demand from food and beverage applications.
Product Definition:
A horseradish extract is a water-based solution made from the plant horseradish (Armoracia rusticana). The extract contains high levels of sinigrin, a glucosinolate that converts to allyl isothiocyanate when crushed. This compound has potent anti-inflammatory and antioxidant properties. Horseradish extract can be applied topically to treat inflammation or used internally as an herbal supplement.
Powder:
Powder is a dry, granular form of the condiment that is made from ground spices and herbs. It can be used as table top condiment or can be blended into food products to enhance their taste. Powder has numerous applications in food & beverage industry including adding flavor and color to various products such as mayonnaise, cheese, sauces etc.
Liquid:
Liquid is the purest form of a condiment and can be used as a base in any food product. It has various applications such as adding flavor, moisture content, texture or color to any dish. The liquid extracted from horseradish plant is called “Horseradish” which can be used for making sauces, pickles or ketchup and other cooking purposes.
The global market size was valued at USD 1.10 billion in 2016.
Application Insights:
The food and beverage segment accounted for the largest revenue share of over 50% in 2017. The product is widely used as a condiment, flavor enhancer, and preservative in various foods such as cheese, mayonnaise, vinegar sauces, dressings & toppings. It is also utilized to enhance the taste of meat products such as bacon strips and ham. Furthermore, it finds application in several beverages including beer; wine; spirits like whiskey; cocktails like Manhattans & Gimlets; soft drinks like Coca-Cola and PepsiCo.; energy drinks like Red Bull etc.
The pharmaceuticals segment is expected to witness significant growth over the forecast period owing to its rising use for treatment purposes of diseases related coughs colds sores skin infections heart disease high blood pressure diabetes ulcers indigestion gas pains stomach ache nausea diarrhea mental disorders anemia asthma bronchitis whooping cough pneumonia etc.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high demand from countries, such as Germany, U.K., France and Russia. The product is used as a flavoring ingredient in pickles and sauces for burgers and hot dogs or added to mayonnaise for sandwiches. It also finds application in pharmaceutical products due to its properties of reducing platelet aggregation caused by adenosine diphosphate (ADP) stimulation test results thus making it suitable for use during medical emergencies.
Growth Factors:
- Increasing demand for horseradish extract in food and beverage industry as a flavor enhancer.
- Rising awareness about the health benefits of horseradish extract among consumers.
- Growing popularity of natural ingredients in food products.
- Technological advancements in extraction process of horseradish extract that improves its quality and purity.
- Expansion of distribution channels for marketing horseradish extract to new markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Horseradish Extract Market Research Report
By Type
Powder, Liquid
By Application
Food and Beverage, Pharmaceuticals, Others
By Companies
Garlicspices, Foodchem International Corporation, Parchem, Ultrafoods, Xi'an Tonking Biotech Co., Ltd., Xinghua Jiahe Foods Co., Ltd., The Good Scents Company, J.R. Kelly Co., Grenera Nutrients Private Limited, Woodland Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Horseradish Extract Market Report Segments:
The global Horseradish Extract market is segmented on the basis of:
Types
Powder, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverage, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Garlicspices
- Foodchem International Corporation
- Parchem
- Ultrafoods
- Xi'an Tonking Biotech Co., Ltd.
- Xinghua Jiahe Foods Co., Ltd.
- The Good Scents Company
- J.R. Kelly Co.
- Grenera Nutrients Private Limited
- Woodland Foods
Highlights of The Horseradish Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Liquid
- By Application:
- Food and Beverage
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Horseradish Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Horseradish extract is a concentrated form of horseradish that has been purified and standardized to have a certain level of active ingredients.
Some of the key players operating in the horseradish extract market are Garlicspices, Foodchem International Corporation, Parchem, Ultrafoods, Xi'an Tonking Biotech Co., Ltd., Xinghua Jiahe Foods Co., Ltd., The Good Scents Company, J.R. Kelly Co., Grenera Nutrients Private Limited, Woodland Foods.
The horseradish extract market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Horseradish Extract Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Horseradish Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Horseradish Extract Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Horseradish Extract Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Horseradish Extract Market Size & Forecast, 2018-2028
4.5.1 Horseradish Extract Market Size and Y-o-Y Growth
4.5.2 Horseradish Extract Market Absolute $ Opportunity
Chapter 5 Global Horseradish Extract Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Horseradish Extract Market Size Forecast by Type
5.2.1 Powder
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Horseradish Extract Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Horseradish Extract Market Size Forecast by Applications
6.2.1 Food and Beverage
6.2.2 Pharmaceuticals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Horseradish Extract Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Horseradish Extract Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Horseradish Extract Analysis and Forecast
9.1 Introduction
9.2 North America Horseradish Extract Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Horseradish Extract Market Size Forecast by Type
9.6.1 Powder
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Horseradish Extract Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Pharmaceuticals
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Horseradish Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Horseradish Extract Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Horseradish Extract Market Size Forecast by Type
10.6.1 Powder
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Horseradish Extract Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Pharmaceuticals
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Horseradish Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Horseradish Extract Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Horseradish Extract Market Size Forecast by Type
11.6.1 Powder
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Horseradish Extract Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Pharmaceuticals
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Horseradish Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Horseradish Extract Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Horseradish Extract Market Size Forecast by Type
12.6.1 Powder
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Horseradish Extract Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Pharmaceuticals
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Horseradish Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Horseradish Extract Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Horseradish Extract Market Size Forecast by Type
13.6.1 Powder
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Horseradish Extract Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Pharmaceuticals
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Horseradish Extract Market: Competitive Dashboard
14.2 Global Horseradish Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garlicspices
14.3.2 Foodchem International Corporation
14.3.3 Parchem
14.3.4 Ultrafoods
14.3.5 Xi'an Tonking Biotech Co., Ltd.
14.3.6 Xinghua Jiahe Foods Co., Ltd.
14.3.7 The Good Scents Company
14.3.8 J.R. Kelly Co.
14.3.9 Grenera Nutrients Private Limited
14.3.10 Woodland Foods
