Phytochemicals and Plant Extracts Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

Phytochemicals are chemical compounds that occur naturally in plants. Phytochemicals are non-nutritive chemicals which have disease preventive or protective properties. These chemicals produce by the plant to protect themselves, but recent research validates that they can also protect humans against diseases. Some of the phytochemicals are isoflavones in soy, lycopene in tomatoes and flavanoids in fruits. A plant extract is a substance with certain properties which is removed from the tissue of a plant. Plant extract is usually removed by treating it with a solvent, to be used for a particular purpose. Plant extracts are used in various areas such as food and beverage, additives, pharmaceutical, etc. Phytochemicals & plant extracts are the ingredients extracted from plants which are generally known as plant chemicals.

MARKET DYNAMICS

The increasing rate of diseases among individual such as diabetes, hypertension, cancer and obesity across the globe is driving the demand for phytochemicals & plant extracts market. Moreover, the rising demand for organic food products and ingredients in the nutraceutical industry is expected to have a robust impact in the phytochemicals & plant extracts market. Furthermore, increasing demand for phytochemicals & plant extracts in functional food, functional beverages and dietary supplements is also projected to influence the phytochemicals & plant extracts market significantly. Emerging demand for animal products such as dairy and meat is anticipated to generate untapped opportunity for the market participants.

MARKET SCOPE

The "Global Phytochemicals & Plant Extracts Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of phytochemicals & plant extracts market with detailed market segmentation by type, application and geography. The global phytochemicals & plant extracts market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading phytochemicals & plant extracts market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global phytochemicals & plant extracts market is segmented on the basis of type and application. Based on type, the market is segmented into carotenoids, flavanoids, phytosterols and others. On the basis of the application the market is segmented into personal care, functional food & beverages, food supplements and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global phytochemicals & plant extracts market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The phytochemicals & plant extracts market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting phytochemicals & plant extracts market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the phytochemicals & plant extracts market in these regions.

MARKET PLAYERS

The reports cover key developments in the phytochemicals & plant extracts market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from phytochemicals & plant extracts market are anticipated to lucrative growth opportunities in the future with the rising demand for phytochemicals & plant extracts in the global market. Below mentioned is the list of few companies engaged in the phytochemicals & plant extracts market.

The report also includes the profiles of key phytochemicals & plant extracts companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• BASF SE
• Cargill, Incorporated
• Changsha Organic Herb Inc.
• Chr. Hansen A/S
• E. I. du Pont de Nemours
• Indena S.p.A
• Linnea SA
• Naturex
• Plant Extracts International Inc.
• The Lubrizol Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Phytochemicals and Plant Extracts Report Scope