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Global Phytochemicals Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days


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Global Phytochemicals Market - 2021-2028
Published: July 30, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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  • Description
  • Table of Contents

Market Overview:

Phytochemicals is the group of plant-derived compounds that are mainly found in fruits, vegetables, cereals and plant-based beverages such as tea and wine. Phytochemicals are a combination of essential nutrients and antioxidants that can help with a variety of chronic illnesses, such as cardiovascular disease. Phytochemical components found in food legumes, such as phytohemagglutinins, tannins, phytic acid, saponins, protease inhibitors, oligosaccharides, and phytoestrogens, have both positive and negative health effects. These have been linked to a variety of health benefits, including lower risks of cardiovascular and kidney disease, anti-aging treatments, and brain enhancement. Also, based on their chemical structure, phytochemicals can principally be categorized into alkaloids, flavonoids, carotenoids, phenolics, terpenoids, steroids and essential oils. Phytochemicals also contain plant sterols, flavonoids, and sulphur-containing compounds, which have a variety of health benefits. Thus, growing awareness in people regarding the health benefits provided by the phytochemicals is likely to support the growth of the market. The global phytochemicals market valued US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

Market Dynamics: Rising awareness in people regarding the health benefits provided by phytochemicals is driving the market growth

With people turning more towards organic lifestyle, there has been an observed growth in adoption of phytochemicals by people. According to Roswell Organization, a leading medical research institute, the people consuming phytochemicals have shown to have lower rates of certain types of cancers and heart disease. Moreover, the American Institute of Cancer and Research has also advised that including phytochemicals in their diet can prove to be beneficial for cancer patients. In addition to these benefits, phytochemical extracts, such as Lagerstroemia speciosa and Lagerstroemia floribunda, have a wide range of anti-aging properties in skincare formulations and have no negative side effects on the skin. With changing lifestyle of consumers, combined with focus on appearance, are expected to drive demand for phytochemicals. Countries with huge population of cancer patients can serve as an opportunity for the phytochemicals market.

However, phytochemicals have negative effects like they decrease the bioavailability of certain nutrients, interfere with normal development, reproduction and restrict the digestibility of proteins and carbohydrates. Phytoestrogens have also been linked to infertility issues. Such side effects are possible restraints to the growth of the market.

Market Segments: Carotenoids are highly popular owing to their high antioxidant and vitamin levels

Among all phytochemicals, carotenoids are quite popular because of both their antioxidant and provitamin properties. Since carotenoids are considered as nature's widespread pigments, they are used as colorants in food. Beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, annatto, and canthaxanthin are some of the commercially available carotenoids. Carotenoids are known to be helpful in plant growth as they assist in photosynthesis by absorbing the energy from those wavelengths of light which are not efficiently absorbed by chlorophylls. Moreover, for years, carotenoids have been proved to be a great source of vitamin A. Thus, supplements derived from carotenoid are highly consumed in the regions like the United States where population with eye -impairments is high.

On the other hand, flavonoids segment is expected to grow with a CAGR of XX% during the forecast period. Flavonoids are used in numerous applications including functional food & beverages, dietary supplements, cosmetics, and pharmaceuticals. They are used as sweetening and coloring agents in the food industry. They inhibit cancer cell growth, cure stomach ulcers, and have anti-microbial action, thus preventing infections. Changing consumer lifestyles and rising demand for beauty & health supplements are expected to propel flavonoids consumption over the forecast period. Moreover, the growing demand of convenience food products has increased the use of flavonoids in functional food.

Geographical Penetration: North America dominates the market as United States is increasingly adopting phytochemicals in the nutraceutical industry

North America is the largest shareholder of the market with United States being the major contributor of the market. As the health-conscious population is increasing in this country, the nutraceuticals industry is increasingly integrating phytochemicals and plant extract ingredients into their products. Plant extracts and phytochemicals have seen substantial growth in the dietary supplement market in recent years. On the other hand, Europe held significant market revenue share of XX% in the year 2020. Nutraceuticals industries on fast pace are incorporating phytochemicals and plant extract ingredients in their product range for treatment of chronic diseases, health supplements, anti-ageing products, which has generated interest among the aging population particularly in European region.

Competitive Landscape:

The global phytochemicals market is highly competitive with key players like Chr. Hansen Holding A/S, BASF SE, Royal DSM, Dohler GmbH, Naturex SA, Kemin Industries Inc, Linnea SA, Sabinsa Corporation, Martin Bauer GmbH &Co. KG and Kothari Phytochemicals & Industries Ltd. The phytochemicals market is a highly fragmented market, with leading companies engaged in strategic alliances including mergers & acquisitions along with extensive research & development tactic. For instance, DSM, Vidya Herbs, a leading manufacturer of organic and traditional herbal extracts and natural carotenoids, announced the launch of a sunflower extract containing 40% chlorogenic acids in April 2019. In 2018, Chr. Hansen launched a range of products sourced from nature with coloring properties for use in multiple cat and dog food applications.

COVID-19 Impact: Pandemic had a positive impact on global phytochemicals market

Among all the complications due to COVID-19, lung injury has received special attention as it can prove to be fatal. A team of researchers from Kermanshah University of Medical Sciences, Kermanshah, Iran, studied to mitigate the risk of lung diseases and found out that phytochemicals showed prominent anti-inflammatory and antiviral effects in reducing lung injury caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The study was published in the journal 'Frontiers in Plant Science'. After a thorough study, the researchers claimed that in terms of pharmacological mechanism, phytochemicals have shown potential inhibitory effects on inflammatory and oxidative pathways/mediators, involved in the pathogenesis of lung injury during COVID-19 infection. Phytochemicals, including alkaloids, coumarins, polyphenols, especially flavonoids, and terpenes showed noticeable effects against lung injury.

Why Purchase the Report?

  • Understand the current market scenario and viability of global phytochemicals market over the forecast period
  • Visualize the composition of the global phytochemicals market in terms of type and end use to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global phytochemicals market - regional and country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Food and Beverage Companies
  • Cosmetics and personal care Manufacturers
  • Pharmaceutical companies
  • Import and Export Companies
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
Table of Contents
Product Code: DMFB3710

Table of Contents

1. Global Phytochemicals Market -Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Global Phytochemicals Market -Key Trends and Developments

3. Global Phytochemicals Market - Executive Summary

  • 3.1. Market Snippet by Type
  • 3.2. Market Snippet by End Use

4. Global Phytochemicals Market - Market Dynamics

  • 4.1. Market impacting factors
    • 4.1.1. Drivers
      • Growing awareness in people regarding health benefits provided by phytochemicals
    • 4.1.2. Restraints
      • Side effects of phytochemicals
    • 4.1.3. Opportunities
  • 4.2. Impact analysis

5. Global Phytochemicals Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Supply chain analysis
  • 5.3. Pricing analysis
  • 5.4. Patent Analysis
  • 5.5. Regulatory Analysis

6. Global Phytochemicals Market - COVID-19 Analysis

  • 6.1. Porter's five forces analysis
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives

7. Global Phytochemicals Market - By Type

  • 7.1. Introduction
    • 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Type Segment
    • 7.1.2. Market attractiveness index, By Type Segment
  • 7.2. Carotenoids*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 7.3. Flavonoids
  • 7.4. Phytosterols
  • 7.5. Alkanoids
  • 7.6. Terpenoids
  • 7.7. Steriods
  • 7.8. Essential Oils
  • 7.9. Others

8. Global Phytochemicals Market - By End Use

  • 8.1. Introduction
    • 8.1.1. Market size analysis, and y-o-y growth analysis (%), By End Use Segment
    • 8.1.2. Market attractiveness index, By End Use Segment
  • 8.2. Pharmaceuticals*
    • 8.2.1. Introduction
    • 8.2.2. 7.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 8.3. Functional Beverages
  • 8.4. Functional food
  • 8.5. Dietary Supplements
  • 8.6. Personal Care & Cosmetics
  • 8.7. Animal Nutrition
  • 8.8. Others

9. Global Phytochemicals Market - By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key region-specific dynamics
    • 9.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use
    • 9.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • U.S.
      • Canada
      • Mexico
  • 9.3. South America
    • 9.3.1. Introduction
    • 9.3.2. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use
    • 9.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • Brazil
      • Argentina
      • Rest of South America
  • 9.4. Europe
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use
    • 9.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • Germany
      • U.K.
      • France
      • Italy
      • Rest of Europe
  • 9.5. Asia Pacific
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use
    • 9.5.5.
    • 9.5.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • China
      • India
      • Japan
      • Australia
      • Rest of Asia Pacific
  • 9.6. Middle East and Africa
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use

10. Global Phytochemicals market - Competitive Landscape

  • 10.1. Competitive scenario
  • 10.2. Competitor strategy analysis
  • 10.3. Market positioning/share analysis
  • 10.4. Mergers and acquisitions analysis

11. Company Profiles

  • 11.1. Cargill Inc.*
    • 11.1.1. Company Overview
    • 11.1.2. Type Portfolio and Description
    • 11.1.3. Key Highlights
    • 11.1.4. Financial Overview
  • 11.2. BASF SE
  • 11.3. Arboris LLC
  • 11.4. Naturex SA
  • 11.5. Indena SpA
  • 11.6. Linnea SA
  • 11.7. Dupont De Nemours & Co. Ltd.
  • 11.8. Martin Bauer GmbH & Co. KG
  • 11.9. Hansen A/S
  • 11.10. LIPO Foods

12. Global Phytochemicals market - Premium Insights

13. Global Phytochemicals market - DataM

  • 13.1. Appendix
  • 13.2. About us and services
  • 13.3. Contact us