Europe Phytonutrients Market – Industry Trends and Forecast to 2029

Europe Phytonutrients Market Analysis and Insights

Increasing demand for phytonutrients in the food and beverage industries will accelerate the market demand. The rising focus on pharmaceutical industries to reduce cancer, diabetes, and heart disease will also enhance the Europe phytonutrients market's growth. Additionally, the need for phytonutrients in the feed and cosmetics industry is expected to drive the market. The increase in demand for ayurvedic products is expected to act as an opportunity for the market.

The standard quality determination technique of phytonutrients is expected to restrain the growth of the Europe phytonutrients market. Additionally, the phytonutrient supplements are insufficient in regulating products that involve marketing and promotion, which are the other factors that can restrain the development of the Europe phytonutrients market. The manufacturers of the phytonutrients focus on the R&D work on the extraction process of phytonutrients that may challenge the market's competitors.  

Data Bridge Market Research analyses that the Europe phytonutrients market will grow at a CAGR of 6.7% from 2022 to 2029.

Market Definition

Phytonutrients, also called phytochemicals, are chemicals produced by plants. Plants use phytonutrients to stay healthy. For example, some phytonutrients protect plants from insect attacks, while others protect against radiation from UV rays. Phytonutrients can also provide significant benefits for humans who eat plant foods. Phytonutrient-rich foods include colorful fruits and vegetables, legumes, nuts, tea, whole grains, and many spices. More than 25,000 phytonutrients are found in plant foods. Among the benefits of phytonutrients are antioxidants and anti-inflammatory activities. Phytonutrients may also enhance immunity and intercellular communication. It also repairs DNA damage from exposure to toxins, detoxifies carcinogens, and alters estrogen metabolism.

Europe Phytonutrients Market Dynamics

Drivers

• Increasing demand for food & beverage products  

Rising demand for food and beverages due to the increasing Europe population is expected to drive the demand for phytonutrients in the industry. Further, the growing demand for natural ingredients-based food and beverages products because of rising concern about the quality and nutritional value of the products is expected to drive the demand for phytonutrients in the food and beverages industry.

• Increasing demand for animal feed

 In the animal feed industry, phytonutrients are used as antioxidants in animal feed to enhance animal growth and protect animals from oxidative damage caused by free radicals. Phytonutrients help to improve innate immunity in animals, especially poultry. The development of phytonutrients in animal feed is attributed to factors such as growing demand for meat worldwide, growing poultry meat consumption, and others expected to drive the demand for animal feed. In turn, the need for phytonutrients will likely increase in the animal feed industry over the forecast period.

Opportunity

• Growing demand for natural food products

Growing consumer awareness of the benefits of natural or organic products is expected to increase the demand for natural skincare and cosmetic products. As well as rising environmental concerns are likely to increase product demand in the upcoming years. Additionally, increased demand for phytochemicals in skincare and cosmetic products help to combat skin aging, such as Curcumin, resveratrol, epicatechin, ellagic acid, and apigenin. Thus, the increase in demand for natural skincare and cosmetic products is expected to act as an opportunity for the Europe phytonutrients market.

Restraint/Challenge

• Availability of substitutes

 Phytonutrients are healthy for the human body. However, extra consumption of some phytonutrients may have side effects. Phytochemicals that are toxic to humans are known as phytotoxins. Some phytochemicals have antinutrient properties that interfere with the absorption of nutrients. And some phytonutrients, such as polyphenols and flavonoids, are pro-oxidants in high ingested amounts.

Thus, the side effects caused by over-consumption of phytonutrients are expected to challenge the demand of the Europe phytonutrients market.

This Europe phytonutrients market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Europe phytonutrients market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Post COVID-19 Impact on Europe Phytonutrients Market

COVID-19 pandemic has resulted in lockdown in most countries to restrict the spread of the virus, which has highly affected every type of industry. The global phytonutrient market growth has created extreme uncertainty due to the outbreak of COVID-19. Maintaining food movement along the food chain is an essential function for the food and beverages industry. Most companies regained operation after the government guidelines, which positively impacted the growth of the Europe phytonutrients market in years to come.

Europe Phytonutrients Market Scope

Europe phytonutrients market is segmented into type, source, nature, category, form, function, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

• Flavonoids
• Carotenoids
• Polyphenols
• Alkaloids
• Phytosterols
• Vitamins
• Monoterpenes
• Resveratrol
• Phytoestrogens
• Isothiocyanates
• Allyl Sulfides
• Glucosinolates
• Lignans
• Betalains
• Others

On the basis of type, the phytonutrients market is segmented into flavonoids, carotenoids, polyphenols, alkaloids, phytosterols, vitamins, monoterpenes, resveratrol, phytoestrogens, isothiocyanates, allyl sulfides, glucosinolates, lignans, betalains, and others.

Form

• Dry
• Liquid

On the basis of form, the phytonutrients market is segmented into dry and liquid.

Category

• Organic
• Conventional

On the basis of category, the phytonutrients market is segmented into organic and conventional.

Nature

• Blended
• Pure

On the basis of nature, the phytonutrients market is segmented into blended and pure.

Function

• Immune System
• Vision
• Skin health
• Bone health
• Cardiovascular health
• Anti-cancer
• Lung health
• Blood vessel health
• Woman health
• Anti-cholesterol
• Others

On the basis of function, the phytonutrients market is segmented into the immune system, vision, skin health, bone health, cardiovascular health, anti-cancer, lung health, blood vessel health, woman health, anti-cholesterol, and others.

Source

• Spice
• Herb
• Flower
• Tea
• Fruit
• Vegetables
• Cereals
• Legumes
• Oilseeds
• Marine plant extract

On the basis of source, the phytonutrients market is segmented into spice, herb, flower, tea, fruit, vegetables, cereals, legumes, oilseeds, and marine plant extracts.

Application

• Food products
• Beverages
• Nutraceuticals & Dietary Supplements
• Cosmetics and Personal Care
• Animal Feed
• Pharmaceuticals
• Others

On the basis of application, the phytonutrients market is segmented into food products, beverages, nutraceuticals and dietary supplements, cosmetics and personal care, animal feed, pharmaceuticals,  and others.

Europe Phytonutrients Market Regional Analysis/Insights

Europe phytonutrients market is analyzed, and market size insights and trends are provided based on type, source, nature, category, form, function, and application, as referenced above.

The countries covered in the Europe market report are Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Sweden, Poland, Turkey and Rest of Europe.

Germany dominates the Europe phytonutrients market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. The growth in the region is expected to increase the use of phytonutrients in cosmetic products and dietary supplements.

The country section of the report also provides individual market impacting factors and changes in regulations in the market that affect the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the significant pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Europe brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Europe Phytonutrients Market Share Analysis

The Europe phytonutrients market competitive landscape provides details of the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies' focus on the Europe phytonutrients market.

Some of the major players operating in the market are MERCK KGAA DSM, ADM, BASF SE, Cargill, Incorporated, Cyanotech Corporation, Sabinsa, Ashland, IFF Nutrition & Biosciences, AOM, ConnOils LLC, Lycored, NutriScience Innovations, LLC, Prinova Group LLC., DÖHLER GMBH,  GUSTAV PARMENTIER GHMB, Elementa, MANUS AKTTEVA BIOPHARMA LLP, DYNADIS, Matrix Fine Sciences Pvt. Ltd, Elementa, Vitae Caps S.A., ExcelVite, Aayuritz Phytonutrients Pvt.Ltd., BTSA, Kothari Phytochemicals International, Hindustan Herbals, Brlb International, Bio-India, Biologicals (BIB) Corporation, and others.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and critical trend analysis are the major success factors in the market report. The fundamental research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Europe Vs. Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.

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