Europe Reigns Supreme in Phytochemicals Global Market


Published on : Sep 30, 2019

Albany, New York, September 30, 2019: Phytochemicals are natural ingredients added to the food products such as beverages, dairy products and bakery as healthy alternatives of added colors and flavors. Phytochemicals are important to increase human immune system, slow-down the cancer cell growth and prevent the body form oxidative damages.

The trend of becoming vegetarian, vegan and healthy has a considerable impact on the growing demand of plant derived food, further propelling the growth of global phytochemicals market. According to a research, the phytochemicals market is expected to attain a value of   ?$US5.0Bn by the end of 2019 and further increase to   ?US$9.0Bn in next ten years.

These insights are according to the intelligence report, titled, “Global Market Study on Phytochemicals – The Next Nutritional Buzzword,” which has been freshly added to Market Research Hub’s (MRH) over-arching repository.

Epicatechin enhances nutritional value

Carotenoid is a phytochemical widely used to provide naturally occurring color to food and beverages. Elsewhere, Epicatechin is used to make bread and enhance the nutritional value of food. Phytochemicals are used in various industries that include cosmetics, nutraceuticals, animal feed and cosmetics for they supplement end-product with natural color, flavor and nutrition. Phytochemicals market has marked its presence in the pet food segment as it helps to provide natural color to different food products.

Consumers’ inclination toward natural and non-GMO ingredients has stormed the food and beverage sector with natural multi-functional ingredients like phytochemicals. Theses natural components have penetrated the cosmetics industry as herbal extracts used in various formulations in beauty segment, mainly attributed to its ability to inhibit skin aging.

Green dietary choices dominate

Presence of pharmaceutical and food processing companies in Europe make it a leading share holder in phytochemicals market. Developing nations are drifting towards green dietary choices, generating opportunity for phytochemicals market.

Stakeholders are continuously tapping on new opportunities to expand their presence in the market. Chr. Hansen has introduced a product range for various dog and cat food applications. Other key stakeholders in the phytochemicals market include Alkaloids Corporation, nature SA, Allied Biotech Corp., LIPO Foods, Sabinsa Corporation, FYTEXIA, Nektium and Kothari Phytochemicals & Industries Ltd.

Phytochemicals market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the phytochemicals market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the phytochemicals market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on Phytochwemicals.

An insightful and deep-dive assessment of the competitive assessment of the phytochemicals market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the phytochemicals market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Phytochemicals market: Research Methodology

Primary sources and secondary sources propel intelligence report on phytochemicals market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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