Global Phytonutrients Market Overview:
Phytonutrients are natural compounds or chemicals produced by plants. Phytonutrients also have anti-inflammatory and antioxidant properties that can help support a healthy human body. Phytonutrients are beneficial for eye health and immune health. Moreover, it can also protect against cancer, cardiovascular disease, high blood pressure, stroke, and other chronic health conditions. Phytonutrients are available in supplement form. However, they are best consumed as nutrient-rich foods. According to AMA, the Global Phytonutrients market is expected to see growth rate of 7.2%
- Rising Health Consciousness among the Consumers
- Lack of Fruits and Vegetable Intake Owing to Hectic Lifestyle
- The Rising Disposable Income of Individuals
- Fluctuations in Raw Material Prices
- The Emerging Demand from Developing Countries
- The Rising Popularity of Phytonutrients for Cancer Prevention
The bargaining power of the supplier within the global phytonutrients market is expected to be high. This can be attributed to the surging demand for phytonutrients from various end-user industries. The market is highly competitive owing to the presence of several key vendors. Some of the prominent players are adopting some organic and inorganic strategies such as merger, acquisition, expansion, and product launch, among others, in order to gain leading share within the market.
Some of the key players profiled in the report are Archer Daniels Midland (United States), BASF (Germany), Cargill (United States), Chr. Hansen (Denmark), Royal DSM (Netherlands), Cyanotech Corporation (United States), FMC Corporation (United States), Kemin Industries (United States), Allied Biotech Corporation (Taiwan) and Arboris LLC (United States). Additionally, following companies can also be profiled that are part of our coverage like Carotech Berhad (Malaysia), D.D. Williamson & Co. (United States), Dohler Group (Germany), Pharmachem Laboratories, Inc. (United States) and Raisio Group (Finland). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Phytonutrients market by 2024. Considering Market by Color, the sub-segment i.e. Green will boost the Phytonutrients market. Considering Market by Source, the sub-segment i.e. Fruits will boost the Phytonutrients market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Phytonutrients market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Phytonutrients market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Phytonutrients Manufacturers, Phytonutrients Raw Material Suppliers, Phytonutrients Traders/Distributors, Phytonutrients Importer/Exporter, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.