Phytonutrients Market Description:
In the human body, phytonutrients stimulate enzymes that help the body to boost the immune system, promote healthy estrogen metabolism, improve cardiovascular health, get rid of toxins and stimulate the death of cancer cells. Recently, interest in phytonutrients has increased, because of their antioxidant and free radical scavenging abilities.
Natural compounds derived from plant are called phytonutrients, which are powerful defenders of health. They have shown to reduce the risk of certain diseases and slow the aging process thereby promoting health. Along with imparting color and distinctive tastes & smells, Phytonutrients provide many functions in the plant itself, such as providing protection from pests and environmental stressors.
Today, phytonutrients act as a base compound for more than 40% of medications and are used in the treatment of a wide-range of diseases. Furthermore, the industries where fortified foods or dietary supplements are produced are having a huge demand for the phytonutrients.
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Phytonutrients Market Outlook
Changing lifestyles and food habits among the consumers is also expected to fuel the growth of phytonutrients market. Furthermore, growing awareness among the consumers about the health benefits and increased demand for the functional food with good nutritional value are some of the reasons that are surging the demand of the phytonutrients in the global market. However, the excessive intake and side effects of phytonutrients may have adverse effects on the human body. This factor is anticipated to hamper the growth of the phytonutrients market.
Phytonutrients Market by Application
The need to include all required nutrients in the balanced diet has led to the increase in demand for food & beverage industry in the global market. Moreover, phytonutrients in the pharmaceuticals industry and their consumption is anticipated to increase in the next five years.
On the basis of application the market is segmented into food & beverages, feed, pharmaceuticals and cosmetics. Phytonutrients are used highly in a wide range of food & beverages therefore it occupies the largest share of the global market.
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Phytonutrients Market by Source
Fruits & vegetables are concentrated sources which produce high amount of phytonutrients, owing to these factor the fruits & vegetables segment has dominated the global phytonutrient market.
Based on source, the phytonutrients market is segmented into fruits & vegetables, cereals, pulses, and oilseeds, herbs & trees and other sources. Phytonutrients Market by Geography
By geography, the phytonutrients market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of the World (RoW).
North America accounts for a larger share in the phytonutrients market.
Moreover, Asia Pacific region is expected to grow at a faster rate during the forecast period 2020 to 2025.
Phytonutrients Market Key Players
Prominent players in the global phytonutrients market are Raisio Plc., Archer Daniels Midland Company, BASF SE, Cargill Inc., Chr. Hansen A/S, DSM N. V., Cyanotech Corporation, FMC Corporation, Kemin Industries Inc., Allied Biotech Corporation, Arboris Llc, Carotech Berhad, D.D. Williamson & Co., Döhler Group and Pharmachem Laboratories Inc. New product launches, mergers & acquisitions are the key strategies adopted by market players to ensure their growth in the market.
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