Phytonutrients Market
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REPORT DESCRIPTION<br />
<strong>Market</strong> Outlook<br />
Among product types, carotenoids segment accounted for the highest market share in the market in 2017.<br />
Carotenoids such as beta-carotene, lycopene, lutein, and zeaxanthin prevent the onset of cancer and eye defects.<br />
Other notable health benefits include improved cardiovascular health, increased fertility, and skin health.<br />
Among end-use industries, food & beverages segment dominated in the market in 2017. Owing to extensive<br />
applications of phytonutrients in the manufacturing of functional food, beverages, and dietary supplements, the<br />
segment is projected to have dominant position in the market over the forecast period.<br />
Europe held highest market share in the global market in 2017. The region is projected to maintain its dominance<br />
over the forecast period, owing to increasing demand for organic food products. The organic retail sales in Europe<br />
was US$ 30.85 billion in 2014, as estimated by The International Federation of Organic Agriculture Movements.<br />
Asia Pacific is projected to be the fastest growing region in the market over the forecast period. Key factors such<br />
as bulk availability of raw materials, increasing population, and rapid penetration of food & beverages and<br />
pharmaceutical companies into emerging economies such as China and India are creating immense opportunities<br />
for growth of the market.<br />
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