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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 North American phytonutrient ingredients market. In this edition of the Agriculture & Nutrition Opportunity Engine Series, growth opportunities in North American 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 American phytonutrient ingredients market is expected to grow at a CAGR of 7.0% by 2022 to reach $2493.9 million by revenue, with significant growth across different ingredient types. In terms of volume, market is expected to grow at a CAGR of 4.0% by 2022 to reach 21,773.7 thousand metric tonnes.Beta Carotene & Other Carotenoids ingredient type contributed to 34.1% by revenue in 2017 followed by tocopherols, flavonoids, polyphenols, phytosterols, tocotrienols, and other phytonutrients to the total American Phytonutrient Ingredients Market.Among the end-application segments, dietary supplements market is expected to grow at higher CAGRs of 7.1% and 12.3%, in North America and South America respectively by 2022. Vitamin E Tocotrienol, Tocopherol and Polyphenol ingredient types are anticipated to grow significantly at rates of 19.1%, 7.6%, and 9.3%, respectively, by 2022. Key Questions This Study Will Answer What is the future of North American 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 North American phytonutrients market across different end applications? This research covers analysis of the North American 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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