Market Research Future (Food and Beverages) Phytonutrients Market Research Report- Forecast | Page 4

Phytonutrients Market Research Report- Forecast till 2023
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On the basis of type, phytonutrients market is segmented into carotenoids, phytosterols, flavonoids, vitamins, and
others. Among them, the carotenoids segment is dominating the market followed by the flavonoids segment. The
carotenoids act as antioxidants which is primarily driving its application in various industries. However, phytosterols
is also expected to have a substantial growth over the forecast period.
Based on the application, phytonutrients market is segmented into food & beverages, supplements, pharmaceuticals,
cosmetics, and others. Among all, the food & beverages hold the major share of the market. However, there is a
considerable growth witnessed in the supplements segment followed by the pharmaceuticals segment.
Regional Analysis:
The global phytonutrients market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW).
Europe is dominating the market followed by North America. Germany, France, and Italy are the major contributors
to the growth of the phytonutrients market. Presence of the major key players in this region is driving the growth of
phytonutrients market in Europe and North America. Moreover, increasing consumption of functional foods in the
U.S. is supporting the growth of phytonutrients market in North America.
Asia Pacific is projected to be the fastest growing region over the forecasted period. India and China are the major
contributors in this region owing to the increasing health awareness and increase in consumption of healthy foods.
Latin America is also expected to witness moderate growth over the estimated period in which Brazil and Mexico are
the major contributors.
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