Phytonutrients Market is expected to rise at a CAGR of 6.2% during the forecast period

Market Overview:

Phytonutrients are compounds present in plants which help them protect from germs, fungi, bugs, and other threats. They also provide significant benefits to the human body which includes enhancing immunity, intercellular communication, DNA damage repair caused from the exposure to toxins, detoxification of carcinogens, and alteration of estrogen metabolism. Moreover, they benefit in antioxidant and anti-inflammatory activities. Owing to these beneficial attributes, they are gaining increasing application in various industries such as food & beverages, supplements, pharmaceuticals, cosmetics, and others including the feed industry.

Market Forecast:

Growing trend of living a healthy lifestyle and high inclination towards functional foods and supplements is gaining traction towards phytonutrients market size, globally. Moreover, the immense health beneficial properties of phytonutrients are increasing its application in various industries and driving the growth of the market. Increasing vegan population is also boosting the growth of the market.

Phytonutrients are also used in animal feed to add to their nutritional level which is growing the demand for phytonutrients market size. Moreover, the growth of supplements market is adding advantage to the phytonutrients market size. Additionally, continuous R&D is enhancing the efficiency to extract phytonutrients and assisting the manufacturers to meet the growing demand for phytonutrients. All these factors are projected to contribute to the estimated CAGR of 6.2% of phytonutrients market size during the forecast period 2017-2023. 

Access Report Details @ https://www.marketresearchfuture.com/reports/phytonutrients-market-5462

Downstream analysis:

On the basis of type, phytonutrients market size is segmented into carotenoids, phytosterols, flavonoids, vitamins, and others. Among them, the carotenoids segment is dominating the market followed by the flavonoids segment. The carotenoids act as antioxidants which is primarily driving its application in various industries. However, the phytosterols is also expected to have a substantial growth over the forecast period.

Based on the application, phytonutrients market size is segmented into food & beverages, supplements, pharmaceuticals, cosmetics, and others. Among all, the food & beverages hold the major share of the market. However, there is a considerable growth witnessed in the supplements segment followed by the pharmaceuticals segment.

Competitive analysis

The major players in the phytonutrients market size

  • Archer Daniels Midland Company (U.S.)
  • BASF SE (Germany)
  • CARGILL INC (U.S.)
  • DSM N. V. (The Netherlands)
  • FMC CORPORATION (U.S.)
  • KEMIN INDUSTRIES INC. (U.S.)
  • Hansen A/S (Denmark)
  • CYANOTECH CORPORATION (U.S.)
  • Döhler GmbH (Germany)
  • RAISIO PLC. (Finland)

Regional Analysis

The global phytonutrients market size is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is dominating the market followed by North America. High investment by key players on the R&D and technological advancements is propelling the market growth in these regions. High inclination of the consumers towards supplements and functional food in North America is driving the market for phytonutrients in this region.

Asia Pacific is projected to be the fastest growing region over the forecasted period. Growing health awareness and increasing consumption of healthy diet among the population in developing countries is majorly contributing to the growth of this market in Asia Pacific. Latin America is also expected to witness moderate growth over the estimated period in which Brazil is the major contributor followed by Mexico.

Request a Sample Report @

https://www.marketresearchfuture.com/sample_request/5462

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Comments

Post a Comment

Popular posts from this blog

Rennet Market Forecast Statistics, Trends, Segmentation Analysis and Forecast to 2023

Market Definition: Rennet is widely used as an enzyme which is needed to coagulate milk and separate it into solids curds and liquid whey in the production of cheese. Usually, some varieties of cheese are consumed fresh, but the varieties of cheese that use rennet for clotting are aged for periods ranging from 4 weeks to 2 years and the duration depends on the humidity content of the cheese. Increasing consumption of dairy products and rapid industrialization has led to the demand and launch of new and innovative cheese products by market players which in turn is expected to boost the global rennet market size during the forecast period. The rennet market in Europe is expected to dominate during the assessment period due to high production of cheese leading to high usage of animal rennet in the region. Cheese such as Grana Padano and Gorgonzola are highly popular cheese of the region that uses rennet for its production. Parmesan (Parmigiano Reggiano) cheese is made by traditional m...
Read more

Water-Soluble Fertilizer Market Trends, Market Segments, Landscape, Analysis and Forecast – 2027

Market Highlights Fertilizers provide essential nutrients to crops and are important for healthy growth of the crops. Water-soluble fertilizers are mainly used for their high efficiency and optimal plant nutrition. They are also useful in controlling the quantity of nutrients that should be provided to plants. Water-soluble fertilizers are easily soluble in water and hence, are more suitable with modern irrigation system. They are easy to apply and absorbed by plants through fertigation and foliar. Moreover, absorption and utilization rate of water-soluble fertilizers is relatively high when compared to conventional chemical fertilizers. Efficient use of water-soluble fertilizers also prevents groundwater contamination. Owing to these factors, the water-soluble fertilizers market size is expected to show a steady growth during the forecast period. However, high costs of water-soluble fertilizers when compared to their counterparts will be a restraining factor in water-soluble ferti...
Read more

Seafood Market Trends, Market Segments, Landscape, Analysis and Forecast–2027

Market Insights: Market Research Future has invested its best resources in the research of the global seafood market size in its latest report on the subject. Growth is projected for the market over the forecast period between 2018 and 2023. This projection has been dictated by several factors which have been recorded in the report along with key market figures regarding key market segments as well as the overall growth of the global market. Seafood comprises of fish, mollusks, crustaceans and various other delicacies which are in high demand across the world, particularly in coastal areas where seafood is an important part of the local diet. Seafood is lauded as an incredible source of various vital nutrients including protein, and omega fatty acids. High obesity rates and increased incidence of chronic diseases have resulted in an increasing focus on improving health as a preventative measure. Growing health consciousness has directly impacted an increased demand for seafood acro...
Read more