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‘Living Healthy’ Trend Among Consumers will Propel Carotenoids, Phytosterols, Vitamin E, Polyphenols & Flavonoids Markets
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There is growing demand for phytonutrient rich products globally and increasing awareness for health & wellness among older & younger population has led to advancements in extraction technologies by ingredient manufacturers. This has resulted in constant innovations with novel extracts across different ingredient types. These factors will stimulate the growth of European phytonutrient ingredients market. In this edition of the Agriculture & Nutrition Opportunity Engine Series, growth opportunities in European phytonutrient ingredients market are explored in detail with emphasis on key growth factors across ingredient types, demand from end-application segment global & regional, market trends, technology and product innovations across different product types. The European phytonutrient ingredients market is expected to grow at a CAGR of 5.5% by 2022 to reach $1,907.9 million by revenue, with significant growth across different ingredient types. In terms of volume, market is expected to grow at a CAGR of 2.6% by 2022 to reach 15,431.8 thousand metric tonnes. Ingredient manufacturers in the European market are striving to meet stringent regulations to cater to consumer demand and making advancements in technology, which in turn will drive phytonutrient ingredient market growth.Among the end-application segments, dietary supplements market is expected to grow at a higher CAGR of 8.3% by 2022, by revenue followed by other segments. Vitamin E Tocotrienol, flavonoids ingredient types are anticipated to grow significantly at CAGRs of 20.1% and 7.5% by 2022. In 2017, phytonutrient ingredients revenue was driven by functional food application followed by other applications (cosmetics, pet food, animal feed), dietary supplements and Pharmaceutical, medical food & clinical nutrition.Key Questions This Study Will Answer What is the future of European phytonutrients market, and what key challenges will impact the market in future? How do macroeconomic factors determine the necessity for advancements in technology and new product innovations and how do they impact the final consumer? What are the most important product innovations and enabling technologies across different phytonutrient segments that will witness the greatest growth, and how are these likely to change in future? What are the primary consumer factors that will contribute to the overall growth and growth mix in the European phytonutrients market across different end applications? This research covers analysis of the European phytonutrient ingredients market. The study is segmented into Carotenoids (beta carotenoids and others), Natural (Vitamin E) Tocotrienols, Natural (Vitamin E) Tocopherols, Phytosterols, Polyphenols, Flavonoids and other phytonutrients (squalene). Application scope includes dietary/food supplements, functional food, pharmaceutical, medical food & clinical nutrition and other applications (Animal Feed, Pet Food and Personal Care/Cosmetics).
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