DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/68j93g/phytonutrients) has announced the addition of the "Phytonutrients Market by Type (Carotenoids, Phytosterols, Flavonoids, Phenolic Compounds, and Vitamin E), Application (Food & Beverage, Feed, Pharmaceutical, and Cosmetic), Source, & by Region - Global Trends and Forecast to 2020" report to their offering.
Phytonutrients Market is projected to reach $4.63 Billion and CAGR of 7.2% between 2015 and 2020.
The phytonutrients market is projected to grow significantly for the next five years in almost all parts of the world, especially in European and North American countries. Significant increase in health issues, changing lifestyles of consumers, cardiovascular diseases, and other health issues such as cancer, type 2 diabetes are the major driving factors of the phytonutrients market, globally. On the other hand, the aging population and increased awareness about health and wellness are also contributing to the market growth. Phytonutrients have been given the GRAS (Generally Recognized As Safe) status in the U.S., followed by the approval from the FDA and the EU Scientific Committee on Food (SFC).
The market was dominated by Europe, which accounted for around 37.65% of the total share, in 2014. Regulatory approvals from the EU, increasing incidences of cardiovascular diseases, increasing health issues, changing lifestyle of people, and increasing aging population are the major driving factors for the growth of phytonutrients market in Europe. In 2014, Germany was the largest phytonutrients market in Europe.
The global phytonutrients market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market.
The market is dominated by players such as dominated FMC Corporation (U.S.), BASF SE (Germany), Pharmachem Laboratories Inc. (U.S.), DSM N.V. (The Netherlands), and Raisio Plc. (Finland).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Phytonutrients Market, By Type
8 Phytonutrients Market, By Application
9 Phytonutrients Market, By Source
10 Phytonutrients Market, By Region
11 Competitive Landscape
12 Company Profiles
- BASF SE (Germany)
- Chr. Hansen A/S
- DSM N.V. (The Netherlands)
- FMC Corporation (U.S.)
- Pharmachem Laboratories Inc. (U.S.)
- Raisio Plc. (Finland).
For more information visit http://www.researchandmarkets.com/research/68j93g/phytonutrients