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Europe Phytochemicals & Plant Extracts (Nutraceuticals) Market is Expected to Reach $1,150.64 Million in 2018 - New Report by MicroMarket Monitor

(PRWEB) July 30, 2014

The Europe Phytochemicals & plant extracts market report defines and segments the Phytochemicals & plant extracts market in Europe with analysis and forecast of revenue. The Phytochemicals & plant extracts market in Europe is estimated to grow from around 710.18$ million in 2012 to 1,150.64$ million by 2018, at a CAGR of 8.4%, for the given period.

Browse through the TOC of the Europe 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 Europe Phytochemicals & plant extracts market, and is supported by various tables and figures.

Germany has been a pioneer for the inclusion of plant extracts and phytochemical ingredients in food products and is a destination for a majority of innovations in the nutraceutical ingredient industry. This has caused Germany to become the largest market for plant extracts and phytochemicals in the European region. 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 increase their usage of ingredients derived from natural sources. Plant extracts and phytochemicals are the obvious choices for this purpose. Significant amounts of research and development is undertaken to identify the potential applications of plant extracts and phytochemicals due to their disease prevention properties.

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Europe lies as one of the major market, wherein Germany holds a maximum share in the Phytochemicals & plant extracts Market. Germany is the biggest market in Europe, and as of 2013, contributed a major share of around 23% in the Phytochemicals & plant extracts Market. In Europe, Phytochemicals & plant extracts market there are five major players- Cargill (U.S.), Chr. Hansen (Denmark), Dohler Group (Germany), Danisco (Denmark) and others. Chr. Hansen (Denmark) is the major player with a share of 10.6% followed by Dohler Group (Germany) with a share of 10.5%.

The Phytochemicals & plant extracts market is segmented and projected on the basis of application which is Functional food, functional beverages, dietary supplements, animal nutrition and personal care. Dietary Supplements is the most preferred application of Phytochemicals & plant extracts. The market is further segmented and forecasted on the basis of major countries, such as the France, Italy, Germany, U.K, Switzerland, Russia & Others.

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

Asia-Pacific Phytochemicals & plant extracts (Nutraceuticals) Market
The phytochemicals & plant extracts (Nutraceuticals) market in Asia-Pacific had been valued at $911.7 million in the year 2012, and is projected to reach $1,463.6 million by 2018, at a CAGR of 8.2% It is segmented on basis of applications and geographies.

Countries such as China, India, Japan, and Australia, in Asia-Pacific, are witnessing a large number of patents that are being registered under plant extracts and phytochemicals. This provides positive signs of intensive research and development activities that are being undertaken to enhance plant extract applications in various products. Asia-Pacific is no longer only a manufacturing destination, but is also gradually transforming into a research and development hub for plant extracts and phytochemical ingredients.

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