Phytonutrients Market is projected to rise to a valuation of US$7,929.5 mn by 2025

In an increasingly crowded marketplace for phytonutrients, companies looking forward to strengthen their positions must aim for rising set of opportunities in emerging markets such as Asia Pacific, Middle East and Africa, and Latin America. To encourage new consumers in these regions to increase their uptake of products with phytonutrients, companies need to focus on innovative marketing strategies and ways of raising awareness about the vast health benefits of these bio-active compounds, observes Transparency Market Research in a recent study.

Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18680

Prominent players in the global phytonutrients market include Archer Daniels Midland Company, BASF SE, Chr. Hansen, Kemin Industries, Inc., Pharmachem Laboratories, LLC, Döhler GmbH, Koninklijke DSM N.V., Raisio PLC, DowDuPont Inc., and Takasago International Corporation.

According to this report, the global phytonutrients market was valued at US$4,331.5 mn in 2016 and is projected to rise to a valuation of US$7,929.5 mn by 2025, registering a CAGR of 7.1% from 2017 to 2025.

Rising Set of Applications of Carotenoids to Keep Demand High

In terms of the type of phytonutrients, the segment of carotenoids held the dominant share in the global phytonutrients market in 2016, primarily due to the anti-oxidation and anti-inflammatory properties of carotenoids. The rising set of application areas for carotenoids, including treatment of diseases and conditions such as cataract, diabetes, macular degeneration, and skin damage, is expected to keep their demand steady in the global market in the next few years.

Geographically, the market in North America presently holds a dominant share in the global market while Asia Pacific is likely to remain the regional market exhibiting growth at the most promising pace in the near future. Conversely, because North America and Europe are matured markets for phytonutrients, they are likely to exhibit growth at a rather sluggish pace over the forecast period.

Read Report Overview @ https://www.transparencymarketresearch.com/phytonutrients-market.html

Rising Awareness Regarding Health Benefits to Work Well for Global Demand for Phytonutrients

The phytonutrients market is chiefly driven due to the rising demand for phytonutrients from the food and beverage industries. The rising awareness among the global population regarding the need for including nutritional food products in their daily meals and the consequent rise in demand for food products containing vitamins, minerals, folate, herbal extracts, and nutrients is also anticipated to drive the global phytonutrients market. Phytonutrients exhibit exceptional health benefits as they have anti-inflammatory, anti-bacterial, anti-viral, and anti-oxidant properties, which have positive impact on the immune system and hormones. Increasing awareness regarding these health benefits of phytonutrients is also expected to fuel the demand for phytonutrients products in the market.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.