Phytonutrients Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence Pvt Ltd||商品編碼||572783|
|出版日期||內容資訊||英文 105 Pages
|全世界的植物營養素市場:全球趨勢與預測(2017年∼2022年) Phytonutrients Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 105 Pages||
The global phytonutrients market is projected to grow at a CAGR of 7.1% during the forecast period (2020 - 2025).
Growing Demand for Phytonutrients in Pharmaceutical Industry
The growing pharmaceuticals industry with the increasing usage of phytonutrients in reducing diabetes and related problems along with the need for slowing down the aging process. For instance, the University of California Los Angeles had carried out a study that revealed daily consumption of pomegranate juice helps in increased stability of the prostate antigens in the prostate cancer survivors with an approximate measure of 4times. In addition, rapidly increasing blindness, cancer, heart diseases, and stroke cases is further stimulating the demand and supply of phytonutrients. All these factors increase the probability of phytonutrients being utilized in dietary supplements and pharmaceutical drugs.
Europe Market Holds the Major Market Share
Europe dominated the global phytonutrients market in 2018. Dietary supplements and food products are the major application segments in the European market, attributable to the rising fitness awareness among consumers in the United Kingdom and Germany. In North America, plant nutrition demand has witnessed a significant increase in the past few years, owing to the growing awareness about the health benefits of plant-based products. The market in the Asia Pacific is expected to grow significantly owing to the growing exports and domestic demand for plant-based ingredients. China is one of the largest producers of plant-based ingredients in the region due to the easy availability of raw materials in the country. Also, growth in pharmaceutical, cosmetics, animal feed, and food & beverage industries is likely to propel the demand for phytonutrients from developing economies such as China, India, Indonesia, Malaysia, and South Korea over the next few years.
Some of the major ky players in phytonutrients market, globally includes Archer Daniels Midland Company, Chr. Hansen Holding A/S, KEMIN INDUSTRIES INC., Takasago International Corporation, CYANOTECH CORPORATION, among others.