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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, and 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, organosulfur’s and plant sterols. The best source of phytonutrients is whole foods, 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 the growth of the global phytonutrients market during the forecast period. For instance, Merck KGaA and M Ventures 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 the 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 phytonutrient market.
Key Takeaways:
The According to Phytonutrients Market is expected to witness high growth, exhibiting a 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, 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.
