Overview:
Phytonutrients are natural compounds in plants that work
with other essential nutrients to promote health and prevent disease. They
provide us with anti-inflammatory agents, neuroprotective properties, provide
immune support, regulate hormones and more. Thousands of phytochemicals are
known, and they come in many different forms and classes including carotenoids flavonoids
isoflavones, coumarins, lignans, organosulfures and plant sterols. The best
source of phytonutrients is whole foods, and especially vegetables, fruits,
herbs, spices, legumes, nuts, seeds and teas. Other great phytonutrient foods
include non-processed white, tan and brown foods such as kale, tomatoes,
apples, onions, garlic and whole grains.
Market
Dynamics:
Increasing strategic
collaborations are estimated to augment growth of the global phytonutrients market during
the forecast period. For instance, Merck KGaA and M Ventures have expanded their strategic
corporate venture in December 2021. The
company invested € 600 million for further expansions. Moreover,
limited availability and accessibility of raw materials are anticipated
to restrain growth of the global phytonutrients market during
the forecast period.
Impact
of COVID-19:
COVID-19 was first reported in 2019 in
China. The pandemic had a great influence on the growth of many sectors. The
pandemic also impacted all sectors including electronics, automobiles,
chemicals, healthcare, food and beverage. The outbreak of the pandemic had
severe repercussions on the health of many individuals globally. Increasing
cases of COVID-19 led to growing mental health issues among the population.
This resulted in many individuals opting for healthier food options. This
increased the demand for phytonutrients. Thus, the pandemic had a positive impact on
the growth of the global phytonutrients market.
Key
Takeaways:
The According to Phytonutrients Market is expected to witness high growth, exhibiting CAGR of 7.10 % over the forecast period, due to increasing product launches. For instance, a new blend of berry extracts was launched by Artemis International in November 2022. It consists of cherry, aroni cranberry, elderberry, and blueberry extracts.
Europe is anticipated to
witness significant growth in the global phytonutrients market during
the forecast period, due to growing consumer
demand for plant-based food products and
Key players operating in
the global Vitamin Supplements Market are The
Archer-Daniels-Midland Company, Cargill, Kerry Group plc, Incorporated, BASF
SE, Hindustan Herbals, DuPont de Nemours,
Inc., Merck KGaA, Aayuritz Phytonutrients Pvt.Ltd., DÖHLER GMBH,
Bio-India Biologicals (BIB) Corporation, Arboris, Brlb International, Kothari
Phytochemicals International, Prinova Group LLC., ExcelVite, and Brlb
International.
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