Phytonutrients Market Scope
Phytonutrients are natural compounds or chemicals produced by plants. Phytonutrients also have anti-inflammatory and antioxidant properties that can help support a healthy human body. Phytonutrients are beneficial for eye health and immune health. Moreover, it can also protect against cancer, cardiovascular disease, high blood pressure, stroke, and other chronic health conditions. Phytonutrients are available in supplement form. However, they are best consumed as nutrient-rich foods.
According to AMA, the Global Phytonutrients market is expected to see growth rate of 7.2%
The bargaining power of the supplier within the global phytonutrients market is expected to be high. This can be attributed to the surging demand for phytonutrients from various end-user industries. The market is highly competitive owing to the presence of several key vendors. Some of the prominent players are adopting some organic and inorganic strategies such as merger, acquisition, expansion, and product launch, among others, in order to gain leading share within the market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Phytonutrients market throughout the predicted period.
Archer Daniels Midland (United States), BASF (Germany), Cargill (United States), Chr. Hansen (Denmark), Royal DSM (Netherlands), Cyanotech Corporation (United States), FMC Corporation (United States), Kemin Industries (United States), Allied Biotech Corporation (Taiwan) and Arboris LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Carotech Berhad (Malaysia), D.D. Williamson & Co. (United States), Dohler Group (Germany), Pharmachem Laboratories, Inc. (United States) and Raisio Group (Finland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Phytonutrients market by Type (Carotenoids, Phytosterols, Flavonoids, Phenolic Compounds, Vitamin E and Others), by Application (Food & Beverages, Pharmaceuticals, Cosmetics and Feed) and Region with country level break-up.
On the basis of geography, the market of Phytonutrients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Drivers
- Rising Health Consciousness among the Consumers
- Lack of Fruits and Vegetable Intake Owing to Hectic Lifestyle
- The Rising Disposable Income of Individuals
Opportunities
- The Emerging Demand from Developing Countries
- The Rising Popularity of Phytonutrients for Cancer Prevention
Restraints
- Fluctuations in Raw Material Prices
Key Target Audience
Phytonutrients Manufacturers, Phytonutrients Raw Material Suppliers, Phytonutrients Traders/Distributors, Phytonutrients Importer/Exporter, Regulatory & Government Bodies, End Users and Others