USD 4.32 Billion
Powdered Phytochemical Derivatives Market Size, Share, Growth Analysis, By Type(Carotenoids, Carbohydrate, Lipids, Phenolics), By Application(Personal Care, Functional Food & Beverages, Food Supplements, Animal Feed), By Region - Industry Forecast 2024-2031
Report ID:
SQSG35I2037 |
Region:
Global |
Published Date: April, 2024
Pages:
244
|Tables:
68
|Figures:
68
Powdered Phytochemical Derivatives Market Insights
Powdered Phytochemical Derivatives Market size was valued at USD 5.10 billion in 2022 and is poised to grow from USD 5.39 billion in 2023 to USD 6.73 billion by 2031, growing at a CAGR of 5.70% in the forecast period (2024-2031).
Phytochemicals are the products derived from organic plants and are utilized in the manufacturing of organic food and food supplements. These derivatives are extracted and made from plants are seen to be healthy for living things, consuming plant extracts and components helps prevent a variety of ailments. The nutraceutical industry is seeing an increase in demand for these substances as there is more focus on organic foods and goods. With the major producers investing in the manufacturing of novel and advanced products, the industry is expected to increase. Also, a significant growth in the nutraceutical industry increases the demand for powdered phytochemical derivatives and plant-based products as a result of growing organic agriculture. Hence, this is likely to contribute to the market growth.
US Powdered Phytochemical Derivatives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Functional Food & Beverages
Fastest Growth
Functional Food & Beverages
Growth Rate
5.70% CAGR
Global Powdered Phytochemical Derivatives Market 2021-2028 ($ Mn)
Country Share for Asia-Pacific Region- 2021 (%)
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Powdered Phytochemical Derivatives Market Segmental Analysis
The global powdered phytochemical derivatives market is segmented based type and application. Based on type, the Powdered Phytochemical Derivatives Market is segmented into carotenoids, carbohydrate, lipids, phenolics, terpenoids alkaloids, and others. Based on application, the Powdered Phytochemical Derivatives Market is segmented into personal care, functional food & beverages, food supplements, animal feed, and others. Based on the region Powdered Phytochemical Derivatives Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Powdered Phytochemical Derivatives Market Analysis by Application
Based on application, the market is segmented into personal care, functional food & beverages, food supplements, animal feed, and others. Among these, the food supplements segment of the market is projected to hold the most substantial share in the market. Food supplements including nutraceuticals is seeing a rapid growth in the market for the treatment of chronic diseases, health supplements, anti-ageing products. These food supplements, nutraceuticals, highly utilize powdered phytochemical derivatives owing to their various health advantages and benefits; which is likely to contribute to the segmental growth of the market. A significant demand for nutraceuticals from the geriatric/ elderly population is also supporting the growth for global powdered phytochemical derivatives market.
Global Powdered Phytochemical Derivatives Market By Application, 2021 (%)
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Powdered Phytochemical Derivatives Market Regional Insights
In 2021, Asia-Pacific region is expected to have the biggest market share. The regional growth of the market is attributed to the region's rising population, rising disposable income, and raising living standards. A significant factor in the market's growth is projected to be the rising awareness of foods that promote health. The growth of the regional market has also been aided by the rising popularity of functional foods and drinks in Asia-Pacific countries. For instance, in June 2020, the China Food Information Center (CFIC) released a poll report that found that 70% of Chinese people agreed that additional food supplements provide many health advantages. As a result, these are becoming more and more popular among consumers as a way to enhance health, which in turn helps to prevent a number of chronic health disorders. Hence, this is contributing to the growth of the global powdered phytochemical derivatives market growth.
Global Powdered Phytochemical Derivatives Market By Geography, 2021 - 2028
- Largest
- Fastest
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Powdered Phytochemical Derivatives Market Dynamics
Powdered Phytochemical Derivatives Market Driver
- Increasing awareness regarding veganism is poised to drive the market growth. Consumers seek multi-component products that are readily available on the market and also help them compensate for their fast-paced lifestyle. With increased demand for nutrient-rich health foods, there is a greater need for the production of healthy foods with healthier ingredients. Researchers have been looking for new food additives to improve the functionality and nutritional value of the product. As a result, farmers are turning to powdered phytochemicals derivatives in order to produce enough vegan, nutrient-rich food for human consumption; which is supporting the market growth.
Powdered Phytochemical Derivatives Market Restraint
- Despite an increased demand for the products, certain factors are limiting market growth. The highly demanding and complex regulatory structure for the commercialization of powdered phytochemical derivatives is one of the factors hindering the growth. The global markets have few unified provisions governing the content of these items. Other botanicals, botanical preparations, and bioactive compounds have yet to have their upper limits and conditions of usage established. The differing views of various government organizations on the kind of ingredients that should be permitted and in what quantities further complicates harmonization; which, thereby, limits the market growth.
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Powdered Phytochemical Derivatives Market Competitive Landscape
The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Powdered Phytochemical Derivatives Market Top Company Profiles
- Döhler GmbH (Germany)
- Naturex SA (France)
- Kemin Industries Inc. (US)
- Linnea SA (France)
- Sabinsa Corporation (US)
- Kothari Phytochemicals & Industries Ltd. (India)
- Indena SpA (Italy)
- Alkaloids Corporation (India)
- Arboris LLC (US)
- Allied Biotech Corp. (Taiwa)
- Organic Herb Inc. (US)
- Chr. Hansen Holding A/S (Denmark)
- BASF SE (Germany)
Powdered Phytochemical Derivatives Market Recent Developments
- In September 2020, Nuliv Science announced the launch of Senactiv, a newly rebranded sports nutraceuticals component from that supports muscle energy and regeneration. It offers plenty of options for the producers of dietary supplements to develop novel solutions.
Powdered Phytochemical Derivatives Key Market Trends
- Rising trends for the adoption of plant-based products over animal-based products is contributing to the market growth. Applications of ingredients derived from plants are fostering a situation that is largely constant for the producers in the food and beverage sector. Chemicals derived from plant extracts are becoming more and more popular among manufacturers because they may be utilized in a variety of food products and have numerous health advantages.
In order to create consumer-friendly health food products, the food industry commonly uses plants including gooseberry, turmeric, ginger, beetroot, and ginseng. Phytochemicals, which are found in all plants, are crucial for protecting the plant from environmental challenges. A diet rich in phytochemicals can lower the risk of developing a number of chronic and lifestyle diseases. These compounds have been linked to the consumption of dietary items connected to diets high in fruits, vegetables, legumes, and cereals.
Powdered Phytochemical Derivatives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global powdered phytochemical derivatives market is segmented based type and application. Based on type, the carbohydrate segment of the market is projected to witness a growth in the upcoming years. Based on the application, the food supplements segment of the market is projected to witness a growth in the upcoming years. While, based on the region, the Asia-Pacific region of the market is projected to witness a growth in the upcoming years.
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Powdered Phytochemical Derivatives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Powdered Phytochemical Derivatives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Powdered Phytochemical Derivatives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Powdered Phytochemical Derivatives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Powdered Phytochemical Derivatives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Powdered Phytochemical Derivatives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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