Phytonutrients Market Emerging Trends and Strong Application Scope by 2025
A growing number of players in the dynamically shifting marketplace for phytonutrients are veering toward emerging economies for tapping into the vast latent opportunities found in these regions. The move has helped players, large and small, to get a firm foothold in the market, observes Transparency Market Research (TMR). Several companies are toying with innovative marketing strategies to attract new consumers. They are also focused on employing multiple marketing channels to promote products containing phytonutrients and also to raise awareness about the potential health benefits of these plant chemicals, notes TMR.
Some of the prominent players operating in the phytonutrients market are Takasago International Corporation, DowDuPont Inc., Raisio PLC, Koninklijke DSM N.V., Döhler GmbH, Pharmachem Laboratories, LLC, Kemin Industries, Inc., Chr. Hansen, BASF SE, and Archer Daniels Midland Company.
The global phytonutrients market stood at US$ 4,331.5 million in 2016 and is expected to reach a worth of US$ 7,929.5 million by end of 2025. The market is projected to rise at a CAGR of 7.1% during the forecast period of 2017–2025.
Broadly, the various types of phytonutrients are flavonoids, carotenoids, phytosterols, and phenolic compounds. Among all the segments, carotenoids dominates the pack accounting for the share in the global market in 2016. Their popularity is stoked by vast health promoting benefits owing to their anti-oxidation property and anti-inflammatory effects. The growth of the segment is fueled by an expanding breadth of diseases conditions carotenoids can be used in treatment for.
On the regional front, North America presently holds the leading share. However, the regional market is expected to witness a lackluster growth given its saturated nature of demand. Asia Pacific is prognosticated to witness the most promising growth rate over the assessment period.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18680
Promising uptake in Food and Beverages accentuate Growth
The substantially rising demand for phytonutrients in the food and beverages sector world over is a key factor driving the global market. The growing inclination toward plant-based food for their phytonutrient content is a notable factor fueling the rapid expansion of the market. The popularity of phytonutrients stems from the attractive health-promoting benefits these have such as in protecting organism cells from diseases and promoting immunity.
A set of phytonutrients has also gathered traction among global consumers as antioxidants. In emerging economies, the rising level of awareness about the aforementioned health benefits is catalyzing the growth of the global phytonutrients market.
Efforts to Capitalize Untapped Avenues in Emerging Markets underpinning Lucrative Prospects
The vast purported nutritional benefits that phytonutrients promises and efforts to explore more of their benefits have impelled their demand in the animal feed industry. The vast strides experienced by livestock production in recent years has led to a staggering production of animal feed in various parts of the globe, thus accentuating the demand for phytonutrient. The market is also benefitting from the shifting focus of the personal care and cosmetics industry toward organic ingredients and natural products. This is fostering the demand for phytonutrients in the end-use industry.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Some of the prominent players operating in the phytonutrients market are Takasago International Corporation, DowDuPont Inc., Raisio PLC, Koninklijke DSM N.V., Döhler GmbH, Pharmachem Laboratories, LLC, Kemin Industries, Inc., Chr. Hansen, BASF SE, and Archer Daniels Midland Company.
The global phytonutrients market stood at US$ 4,331.5 million in 2016 and is expected to reach a worth of US$ 7,929.5 million by end of 2025. The market is projected to rise at a CAGR of 7.1% during the forecast period of 2017–2025.
Broadly, the various types of phytonutrients are flavonoids, carotenoids, phytosterols, and phenolic compounds. Among all the segments, carotenoids dominates the pack accounting for the share in the global market in 2016. Their popularity is stoked by vast health promoting benefits owing to their anti-oxidation property and anti-inflammatory effects. The growth of the segment is fueled by an expanding breadth of diseases conditions carotenoids can be used in treatment for.
On the regional front, North America presently holds the leading share. However, the regional market is expected to witness a lackluster growth given its saturated nature of demand. Asia Pacific is prognosticated to witness the most promising growth rate over the assessment period.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18680
Promising uptake in Food and Beverages accentuate Growth
The substantially rising demand for phytonutrients in the food and beverages sector world over is a key factor driving the global market. The growing inclination toward plant-based food for their phytonutrient content is a notable factor fueling the rapid expansion of the market. The popularity of phytonutrients stems from the attractive health-promoting benefits these have such as in protecting organism cells from diseases and promoting immunity.
A set of phytonutrients has also gathered traction among global consumers as antioxidants. In emerging economies, the rising level of awareness about the aforementioned health benefits is catalyzing the growth of the global phytonutrients market.
Efforts to Capitalize Untapped Avenues in Emerging Markets underpinning Lucrative Prospects
The vast purported nutritional benefits that phytonutrients promises and efforts to explore more of their benefits have impelled their demand in the animal feed industry. The vast strides experienced by livestock production in recent years has led to a staggering production of animal feed in various parts of the globe, thus accentuating the demand for phytonutrient. The market is also benefitting from the shifting focus of the personal care and cosmetics industry toward organic ingredients and natural products. This is fostering the demand for phytonutrients in the end-use industry.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com