The use of phytochemicals as antioxidants has help immensely to protect against cancer, heart diseases and other illness. There are around 4000 identified phytochemicals, out of which 150 are extensively studied.
In the nutraceutical arena, phytochemicals are used as bioactive constituents to promote or sustain health. These phytochemical substances range from dietary supplements, isolated nutrients to herbal products, processed food and beverages. The use of phytochemicals along or in combination has initiated a new market potential in healthcare.
Geographically, phytochemical API market is segmented into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. North America region is projected to maintain its lions share over the forecast period. Due to extravagant lifestyle the population is witnessing problems such as diabetes, cancer, obesity and hypertension. Consumer concern related to such chronic diseases have created a massive market for phytochemicals. Europe follows North America in terms of revenue share. The region is gradually incorporating proven herbal cure in their medical system. Asia-Pacific is expected to be the fasted growing region due to its ancient heritage in herbal medicines. Several countries have incorporated traditional healing methods into modern health system. In Japan, the patients prescribed phytomedicines are covered under insurance.
The market participants are adopting both organic and inorganic strategies to gain maximum markets share. The companies are adopting market strategies such as partnerships. Product development, mergers and acquisitions, facility or capacity expansion. Centroflora CMS acquired manufacturing assets of phytochemical APIs from Boehringer Ingelheim. The company has also signed multi-year agreement with Boehringer to supply the market with phytochemical API. Centroflora CMS will distribute its own pilocarpine APIs to more than 100 pharmaceutical companies in Europe, U.S., Asia, South America, Africa and Australia.
key players
Some of the key players in the phytochemical API market are Centroflora CMS, Cargill Inc., Chr. Hansen, Kothari Phytochemicals & Industries Ltd., SeQuent Scientific Limited, Doehler Group, Lipo Foods, Arboris LLC, Medipure Pharmaceuticals Inc. and BASF SE.
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, material type, and end-use.
The Report covers exhaust Analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends /Issues/Challenges
- Competition & Companies involved
- Technology
Regional Analysis includes:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
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Based on the molecules, phytochemical API market is segmented into the following:
- Alkaloids
- Anthocyanins
- Monoterpenes
- Carotenoids
- Phenolic Acids
- Others
Based on the application, the phytochemical API market is segmented into the following:
- Pharmaceutical
- Nutraceuticals
- Herbal based industries
- Others
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- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
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- Potential and niche segments, geographical regions exhibiting promising growth
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