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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 the 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 rest of the world phytonutrient ingredients market. In this edition of the Agriculture & Nutrition Opportunity Engine Series, growth opportunities in rest of the world 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 rest of the world phytonutrient ingredients market is expected to grow at a CAGR of 12.0% by 2022 to reach $999.5 million by revenue, with significant growth across different ingredient types. In terms of volume, market is expected to grow at a CAGR of 7.8% by 2022 to reach 7,422.3 thousand metric tonnes. Among the end-application segments, other applications (cosmetics, pet food & animal feed) is expected to grow at a higher CAGR of 13.6% by 2022 due to demand from cosmetic ingredients, followed by dietary supplements (12%), pharmaceutical, Medical food and clinical nutrition (12.4%) and functional food (11%).Vitamin E Tocotrienols, phytosterols and tocopherols ingredient types are anticipated to grow significantly at rates of 20.1%, 15.3%, and 12.5%, respectively, by revenue by 2022. Key Questions This Study Will Answer What is the future of rest of the world 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 rest of the world phytonutrients market across different end applications? This research covers analysis of the rest of the world 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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