European Phytochemicals & Plant Extracts Market is Estimated to Grow at a CAGR of 8.4%

Date: 2015-08-15

“The European phytochemicals & plant extracts market is estimated to grow at a CAGR of 8.4% from 2014 to 2019. Phytochemicals & plant extracts play a major role in providing health and medicinal benefits, which include the prevention and treatment of diseases, in addition to the basic nutritional value found in food.

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.

As of 2014, the European phytochemicals & plant extracts market is dominated by Germany, followed by France and Italy. The claims of nutraceuticals products related to prevention of chronic diseases, improved health, delay in the aging process, and increased life expectancy have generated interest among the aging population of this region. This drives the overall market for phytochemicals & plant extracts in the European region.

Some of the key players of the European phytochemicals & plant extracts market include Cargill Inc. (U.S.), Chr. Hansen (Denmark), Arboris LLC (U.S.), and BASF SE (Germany), among others. These companies are investing heavily in this high-growth market in order to gain higher profits and increase their shares in the European market.    


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