Growth Opportunities in the Global Phytonutrient Ingredients Market, Forecast to 2022
There is growing demand for phytonutrient rich products globally and due to increasing awareness for health & wellness among older & younger population have led to advancements in extraction technologies by ingredient manufacturers and resulted in constant innovations with novel extracts across different ingredient types. These factors will stimulate the growth of global phytonutrient ingredients market.
In this edition of the Agriculture & Nutrition Opportunity Engine Series, global growth opportunities in phytonutrient ingredients market are explored in detail with emphasis on key growth factors across ingredient types, demand from end-application segment global & regional, market trends, technology and product innovations across different product types.
• The global phytonutrient ingredients market is expected to grow at a CAGR 7.6% by 2022 to reach $7,385.2 million by revenue, with significant growth across different ingredient types.
• The global phytonutrient ingredients market is expected to grow at a CAGR 4.7% by 2022 to reach 63,488.4 thousand metric tones by volume, with continuous demand from end application segments across different regions.
• Top participants in the global market contribute to 52.4% of the share and is still dominated by giants DSM, BASF, ADM, Kemin and Cargill. The market is highly fragmented with numerous market participants regionally and there are companies who specialize in certain ingredient types.
• Top market participants in the market have been active with capacity expansions like BASF, spree of acquisition by DSM and ADM in 2017, product launches and focus on improving R&D capability.
This research covers the global phytonutrient ingredients market. Regions include North America, South America, Europe, APAC, and RoW.
The study is segmented into Carotenoids (beta carotenoids and others), Natural (Vitamin E) Tocotrienols, Natural (Vitamin E) Tocopherols, Phytosterols, Polyphenols, Flavonoids and other phytonutrients (squalene).
Application scope includes dietary/food supplements, functional food, pharmaceutical, medical food & clinical nutrition and other applications (Animal Feed, Pet Food and Personal Care/Cosmetics).
Key Issues Addressed
What is the future of phytonutrients market, and what key challenges will impact the market in future?
How do macroeconomic factors determine the necessity for advancements in technology and new product innovations and how do they impact the final consumer?
What are the most important product innovations and enabling technologies across different phytonutrient segments that will witness the greatest growth, and how are these likely to change in future?
What are the primary consumer factors that will contribute to the overall growth and growth mix in the phytonutrients market across different end applications?
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