Asia-Pacific Phytonutrients Market – Industry Trends and Forecast to 2029

Asia-Pacific 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 Asia-Pacific phytonutrients market. Additionally, the need for phytonutrients in the feed and cosmetics industries is also 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 and their products is inadequate, which is expected to restrain the growth of the Asia-Pacific phytonutrients market. Additionally, the phytonutrient supplements are insufficient in regulating products that involve marketing and promotion, which is anticipated to inhibit the development of the Asia-Pacific phytonutrients market through the forecast term. The manufacturers of the phytonutrients focus on the R&D work on the extraction process of phytonutrients that may challenge competitors in the market.  

Data Bridge Market Research analyses that the Asia-Pacific phytonutrients market will grow at a CAGR of 8.7% during the forecast period of 2022 to 2029.

Asia-Pacific Phytonutrients Market Dynamics

Drivers

• Increasing Demand for Food & Beverage Products 

Rising demand for food and beverages due to the increasing Asia-Pacific population is expected to drive the demand for phytonutrients in the industry. Further, the increasing demand for natural ingredients-based food and beverages products because of rising concern about the quality and nutritional value of the food and beverages 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 enhance innate immunity in animals, especially poultry. The growth of phytonutrients in animal feed is attributed to some the factors such as the growing demand for meat worldwide, growing poultry meat consumption, and others are expected to drive the demand for animal feed, which in turn, the demand for phytonutrients is likely to increase in the animal feed industry over the forecast period

Opportunities

• Growing Demand for Natural Skincare and Cosmetic 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, increase in demand for phytochemicals in skincare and cosmetic products, such as Curcumin, resveratrol, epicatechin, ellagic acid, and apigenin used in cosmetic formulations to combat skin aging. Thus, the increase in demand for natural skincare and cosmetic products is expected to act as an opportunity for the Asia-Pacific phytonutrients market.

Restraints/Challenges

• Side Effects of Extra Consumption of Phytonutrients

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 antinutrients 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 due to over-consumption of phytonutrients are expected to challenge the demand of the Asia-Pacific phytonutrients market.

This Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific Phytonutrients Market

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

Recent Development

• In December 2020, Merck KGaA expanded its production facilities in the U.S. for the life sciences businesses. These expansions will significantly increase capacity and output at these facilities by the end of 2021 and 2022, respectively, and create nearly 700 new manufacturing positions. This expansion helped the company to broaden its geographical presence

Asia-Pacific Phytonutrients Market Scope

The Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific phytonutrients market is segmented into dry and liquid.

Category

• Organic
• Conventional

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

Nature

• Blended
• Pure

On the basis of nature, the Asia-Pacific 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 Asia-Pacific phytonutrients market is segmented into 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 nature, the Asia-Pacific phytonutrients market is segmented into spice, herb, flower, tea, fruit, vegetables, cereals, legumes, oilseeds, marine plant extracts.

Application

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

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

Asia-Pacific Phytonutrients Market Regional Analysis/Insights

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

Some of the countries covered in the Asia-Pacific phytonutrients market report are China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, Vietnam, and the Rest of Asia-Pacific.

India is expected to dominate the Asia-Pacific phytonutrients market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. The growth in the region is attributed to an increase in 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 impact 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 major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific 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 Asia-Pacific Phytonutrients Market Share Analysis

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

Some of the key market players in the Asia-Pacific phytonutrients market are DSM, ADM, BASF SE, Cargill, Incorporated., Merck KGaA, Ashland, IFF Nutrition & Biosciences, ConnOils LLC, PhytoSource, Inc., NutriScience Innovations, LLC, Matrix Fine Sciences Pvt. Ltd, Xi'an Healthful Biotechnology Co., Ltd, Vitae Caps S.A., DÖHLER GMBH, HERBAL CREATIONS, ExcelVite, Bio-India Biologicals (BIB) Corporation, Cyanotech Corporation, Kothari Phytochemicals International, Aayuritz Phytonutrients Pvt.Ltd., Lycored, BTSA, MANUS AKTTEVA BIOPHARMA LLP, Hindustan Herbals, Brlb International, Sabinsa, among 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 key trend analysis are the major success factors in the market report. The key 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. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Asia-Pacific Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.

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