A fresh study, titled “Phytonutrients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast - 2017 – 2025” has been recently broadcasted to the wide repository of Market Research Hub (MRH), which accurately predicts the future of the market and also gives an impression of the present market situation. It is a result of vigorous research done by a team of expert analysts who have encapsulated the vital details about the market covering the study of market drivers and restraints for every sector of the global market for phytonutrients. According to the analyst’s estimations, the global phytonutrients market will expand at a promising CAGR of 7% over the period between 2017 and 2025.
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Phytonutrients are nutrients present in the skins of several fruits and vegetables that gives food color as well as flavor and scent. Presently, phytonutrients are widely used in food & beverages industry as a nutrient preservative in spreads, bakery products, yogurts, margarine, sausages, milk, and spicy sauces. Phytonutrients are also progressively being used in animal feed goods owing to their nutritional features.
Market Overview and Geographical Expansion
Geographically for a clear vision of the global phytonutrients market, there are some prime regions emphasized in the study, such as North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America; these are analyzed in terms of market revenue. It has been clearly analyzed that the global market for phytonutrients has a high potential for growth, owing to the product’s immense health benefits. As per the report highlights, changing lifestyles and food habits among the consumers are expected to boost the demand for phytonutrients products. The research also adds that North America accounts for a larger share in the phytonutrients market while Asia Pacific region grows at a rapid rate. It has been also found that North America will witness sluggish growth in future.
Segmental Overview
Moving further, a detailed discussion of the segmentation of the phytonutrients market provides readers with a clear view of the various components of the market. The market has been segmented on the basis of type and application. Major types of phytonutrients are carotenoids, flavonoids, phenolic compounds, phytosterols and others. Amongst, carotenoids are used to treat diabetes, cataract, skin damage, and macular degeneration, thus it has maximum demand.
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On the basis of end-user, the report covers Pharmaceutical, Human Nutrition, Food & Beverage, Animal Nutrition and Personal Care & Hygiene. Market size and forecast for each major type and application have been provided in terms of global and regional markets.
The research further outlines key players that are anticipated to remain active in the expansion of the global phytonutrients market through 2025. Key players highlighted in the study include Raisio PLC, Archer Daniels Midland Company, Pharmachem Laboratories, LLC, BASF SE, Chr. Hansen, Döhler GmbH, DowDuPont Inc., Kemin Industries, Inc., Koninklijke DSM N.V., and Takasago International Corporation, among others.
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