Phytonutrients Market Detailed Analysis of Future Trends & Growth Opportunities
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products. The organic retail sales in Europe was US$ 30.85 billion in 2014, as estimated by The<br />
International Federation <strong>of</strong> Organic Agriculture Movements.<br />
Asia Pacific is projected to be the fastest growing region in the market over the forecast period.<br />
Key factors such as bulk availability <strong>of</strong> raw materials, increasing population, and rapid<br />
penetration <strong>of</strong> food & beverages and pharmaceutical companies into emerging economies such<br />
as China and India are creating immense opportunities for growth <strong>of</strong> the market. According to<br />
the India Brand Equity Foundation 2017 report on food processing, India is world’s 2nd largest<br />
producer <strong>of</strong> fruits and vegetables. The government expects the processing in this sector to grow<br />
by 25 per cent <strong>of</strong> the total produce by 2025. In 2015-2016, the total production <strong>of</strong> horticulture<br />
sector was pegged at 282.5 million tons.<br />
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Key players in Global <strong>Phytonutrients</strong> <strong>Market</strong><br />
Key players operating in the global phytonutrients market include FMC Corporation, Royal<br />
DSM N.V., Raisio Plc., Archer Daniels Midland Company, Cargill Inc., BASF SE, DowDuPont<br />
Inc., Kemin Industries, Chr Hansen A/S, and Sabinsa Corporation<br />
Key market players are launching new phytonutrient products, in order to meet the rising<br />
demand for phytonutrients from consumers. For instance, in October 2016, Archer Daniels<br />
Midland Company launched a unique line <strong>of</strong> fruit & vegetable extracts enriched in beta-carotene<br />
& anthocyanins for variety <strong>of</strong> applications in food, beverages & dietary supplements. Such<br />
activities by key players are fueling growth <strong>of</strong> the market.<br />
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