Broccoli Powder prices in 2023 were influenced by the production yield and market consumption of broccoli. Unfavorable weather conditions disrupted crop cycles, causing broccoli prices to rise. As broccoli powder is consumed as a green supplement, downstream demands remained consistent. Erratic supply and high prices of feedstock broccoli put pressure on broccoli powder’s upstream costs, impacting its overall price trends.
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Definition
Broccoli Powder refers to a powdered form of broccoli that is made by drying and grinding broccoli plants. It is commonly used as a dietary supplement due to its concentrated nutrients, vitamins, and minerals. The pricing of broccoli powder can be influenced by factors such as production yield, market demand, production costs, and external factors like weather conditions and disruptions in crop cycles.
Key Details About the Broccoli Powder Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Broccoli Powder in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Broccoli Powder Price chart, including India Broccoli Powder price, USA Broccoli Powder price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Broccoli Powder Price Trend:
Broccoli powder finds key industrial uses in the food and beverage industry as a nutritional supplement and ingredient in various products such as smoothies, health drinks, and snacks. It is also utilized in the nutraceutical and dietary supplement industries to enhance products with its concentrated health benefits.
Key Players:
- Z Natural Foods
- Bulk Powders Nutraceuticals Private Limited
- Golden Greens Organic Ltd.
News & Recent Development:
Broccoli prices have risen significantly in some regions due to the challenges posed by unusually wet weather, including Cyclone Gabrielle and persistent rain throughout the year. The excessive humidity has caused quality issues and reduced the supply of produce from outdoor greens and orchard crops. Growers in certain parts of New Zealand have faced water shortages, while others have surplus water, leading to variations in supply. Despite the current high prices, growers anticipate prices to drop as supply improves in the coming weeks. (2 March 2023)
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