Phytonutrients Market Report, By Type (Carotenoids, Phytosterols, Flavonoids, Phenolic Compounds, Vitamin E), Application (Food & Beverages, Feed, Pharmaceuticals and Cosmetics), Source (Fruits & Vegetables, Herbs & Trees and Cereals, Pulses & Oilseeds ) and Geography- Global Market Share, Trend Analysis & Forecast

Phytonutrients, which are also called as phytochemicals, are chemicals produced by plants. Plants use phytonutrients owing to its nutritious benefits. Phytonutrients shield plants from insect attacks, though others protect against fallout from UV rays. 

Phytonutrients can also offer noteworthy benefits for humans who eat plant foods. Phytonutrient-rich foods comprise colorful fruits and vegetables, legumes, nuts, tea, whole grains and many spices. They affect human health but are not considered nutrients that are essential for life, like carbohydrates, protein, fats, vitamins and minerals.

Market Dynamics- Global Phytonutrients Market

The surging pharmaceuticals industry with the expanding usage of phytonutrients in minimizing diabetes and other related problems together with the necessity for slowing down the aging process is expected to propel the market growth. Moreover, swiftly increasing blindness, cancer, heart diseases, and stroke cases is additionally fuelling the demand and supply of phytonutrients. All these factors increase the probability of phytonutrients being utilized in dietary supplements and pharmaceutical drugs.

Phytonutrients Market Segmental Overview

The study analyses Global Phytonutrients market based on type, source, application and geography. 

• By type, the market is categorized into carotenoids, phytosterols, flavonoids, phenolic compounds, vitamin E etc. Carotenoids include beta-carotenes, lutein, lycopene, astanxanthin, zeaxanthin, canthaxanthin etc. 
• Carotenoids are beneficial in preventive healthcare. Increasing use of natural carotenoids as food colorants and innovative technologies for the extraction of carotenoids drives the market.
• The main sources of phytonutrients include fruits & vegetables, cereals, pulses, oilseeds, herbs & trees etc.
• The market finds application in food & beverages, feed, pharmaceuticals and cosmetics. Pharmaceuticals industry is anticipated to hold a majority share of the market owing to the mounting use of phytonutrients. The feed segment is also likely to grow at a modest rate owing to increase in livestock production such as poultry, cattle, swine for meat consumption. 

Phytonutrients Market by Geography

Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America Phytonutrients market is likely to dominate the market over the forecast period owing to various aspects such as growing population and increasing diversified food demand, growing middle class population along with increasing end use applications.

However, Asia Pacific region is anticipated to grow at a rapid pace owing to rising awareness among people and growing out of pocket expenditure of the populace in this region. Nevertheless, ill-effects associated with increased intake of phytonutrients and lack of standardized equipment for the extraction of phytonutrients may hamper the market growth in all regions

Global Phytonutrients Market-Key Players

The major key players included in this market are Raisio PLC, Archer Daniels Midland Company, BASF SE, Cargill, Inc., Chr. Hansen, DSM N.V., Cyanotech Corporation, FMC Corporation, Kemin Industries, Allied Biotech Corporation, Arboris LLC, Dohler Group and among others.