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.
The major players in the Phytonutrients Market Analysis
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)
On the basis of type, Phytonutrients Market Analysis 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 Analysis 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.
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The global Phytonutrients Market Analysis 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.
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