Europe Phytochemicals and Plant Extracts Market Worth $1.25 Bn by 2019, According to a New Study on ASDReports

Wednesday 27 January 2016, Amsterdam

The Report, now available on ASDReports, “Europe Phytochemicals and Plant Extracts Market by Applications (Functional Food, Functional Beverages, Dietary Supplement, Animal Feed, Personal Care), by Countries (Germany, France, Italy, U.K., Switzerland, Russia) - Analysis and Forecast to 2019” is estimated to reach $1.25 billion by 2019, at a CAGR of 8.4% from 2014 to 2019.

The European region has been witnessing problems such as cancer, diabetes, hypertension, and obesity, among others, across its population in recent years, mainly owing to the extravagant lifestyles. Consumer concerns related to these diseases have created a massive market for nutraceuticals that incorporate natural plant extract ingredients.

Europe is a large market for plant extracts and phytochemical ingredients, since a majority of the food processing and pharmaceutical companies are established in this region.

Germany is the largest market for phytochemicals & plant extracts in Europe, as of 2014. It constituted 22.7% of the total market revenues.

Nutraceuticals industries are increasingly incorporating phytochemicals and plant extract ingredients in their products to cater to the rising demand from consumers. The dietary supplements segment for plant extracts and phytochemicals has witnessed significant growth in recent years.

The European phytochemicals & plant extracts market has been segmented and projected on the basis of applications, which include functional food, functional beverages, dietary supplements, animal nutrition, and personal care. The dietary supplement segment is the most preferred application of phytochemicals & plant extracts in Europe.

The market has been further segmented and forecast on the basis of major countries, such as the U.K., Germany, France, and Italy, among others.