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Asia-Pacific Phytochemicals & Plant Extracts (Nutraceuticals) Market is Expected to Reach $1,463.6 million in 2018 - New Report by MicroMarket Monitor

(PRWEB) August 16, 2014

The Asia-Pacific Phytochemicals & Plant Extracts market report defines and segments the phytochemicals & plant extracts market in Asia-Pacific with analysis and forecast of revenue. The phytochemicals & plant extracts market in Asia-Pacific is estimated to grow from around $911.7 million in 2012 to $1,463.6 million by 2018, at a CAGR of 8.2% from 2013 to 2018.

Browse through the TOC of the Asia-Pacific phytochemicals & plant extracts market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Asia-Pacific phytochemicals & plant extracts market, and is supported by various tables and figures.

Asia-Pacific is no longer only a manufacturing destination, but is also gradually transforming into a research and development hub for phytochemicals & plant extracts ingredients. Countries such as China, India, Japan, and Australia, in the Asia-Pacific region, are witnessing a large number of patents that are being registered for phytochemicals & plant extracts. This shows positive signs of intensive research and development activities that are being undertaken to enhance plant extract applications in various products. The inclusion of turmeric extract for preventative medication against cancer is a result of this extensive research and development. The dietary supplement segment is the largest application segment of the phytochemicals & plant extracts market due to the increased usage of natural extract-based dietary supplements in this region.

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Asia-Pacific is one of the major markets for phytochemicals & plant extracts, wherein China holds the maximum share. China, as of 2013, contributed a major share of 30% in the phytochemicals & plant extracts market. In the Asia-Pacific market, the major players include Cargill (U.S.), Chr. Hansen (Denmark), Dohler Group (Germany), and Danisco (Denmark), among others. Chr. Hansen is the major player, with a share of 10%, followed by Dohler Group (Germany), with a share of 9.9%.

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The phytochemicals & plant extracts market is segmented and projected on the basis of application, including functional food, functional beverages, dietary supplements, animal nutrition, and personal care. The dietary supplements segment is the most preferred application of phytochemicals & plant extracts. The market is further segmented and forecast on the basis of major countries, such as China, India, Japan, and Australia, among others.

This report also comprises of market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition to this, it also presents a country-level competitive landscape and company profiles of the key players such as Cargill (U.S.), Chr. Hansen (Denmark), Dohler Group (Germany), and Danisco (Denmark), among others.

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North America Phytochemicals & plant extracts (Nutraceuticals) Market
The phytochemicals and plant extracts (Nutraceuticals) market in North America had been valued at $576.3 million in the year 2013, and is projected to reach $930.1 million by 2018, at a CAGR of 8.3%. It is segmented on basis of applications and geographies.

The North American region faces problems such as cancer, diabetes, hypertension, and obesity to a large extent, due to changing lifestyles of the population in this region. Consumer concerns related to these diseases have created a massive market for nutraceuticals that incorporate natural plant extract ingredients. North America is a colossal market for plant extract and phytochemical ingredients, since a majority of the food processing and pharmaceutical companies are established in this region.

Europe Phytochemicals & plant extracts (Nutraceuticals) Market
The phytochemicals and plant extracts (Nutraceuticals) market in Europe had been valued at $710.18 million in the year 2012, and is estimated to reach $1,150.64 million by 2018, at a CAGR of 8.4%.It is segmented on basis of applications and geographies.

The European Union has implemented stringent norms against the utilization of chemical ingredients in food products, pharmaceuticals, and dietary supplements. This has caused manufacturers to utilize ingredients derived from natural sources. Plant extracts and phytochemicals are the obvious choices for this purpose. Therefore, this drives the market for plant extracts and phytochemicals in Europe. Detail technical analysis of the types of phytochemicals (bioflavonoids, glucosinolates, organosulphides).Intensive analysis of technical and development activities to enhance plant extract applications in various products.

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