North American phytochemical and plant extract market to Reach $1.01 billion by 2019
Consumer concern has created a massive market for nutraceuticals that incorporate natural plant extracts
The North American phytochemicals and plant extracts market is estimated to grow from $675.9 million in 2014 to $1.01 billion by 2019, at a CAGR of 8.3% during the period under consideration.
Browse through the TOC of The North American phytochemicals and plant extracts market for an analysis of industry trends and segments, with the help of various tables and figures. Early buyers will receive 10% customisation on this report.
The North American region has been witnessing problems such as cancer, diabetes, hypertension and obesity, among others, across its population in recent years, mainly owing to extravagant lifestyles.
Consumer concerns related to these diseases have created a massive market for nutraceuticals that incorporate natural plant extract ingredients. North America is a large market for plant extracts and phytochemical ingredients, as a majority of the food processing and pharmaceutical companies are established in this region.
The US is the largest market for phytochemicals and plant extracts in the North American region. The US market constituted 50.1% of the region market share in 2014. Nutraceutical industries are increasingly incorporating phytochemicals and plant extract ingredients in their products to cater to the rising demand from consumers.
