Merck KGaA, BASF SE, and DSM were dominating the Europe Phytonutrients Market in 2021

Europe Phytonutrients Market is expected to grow with a CAGR of 6.7% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Europe phytonutrients market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players in Europe phytonutrients market are introducing a strong range of product providers and adopting strategic initiatives such as partnership, acquisition, business expansion, awards, and recognition in the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

• In December 2021, Merck KGaA expanded its strategic corporate venture capital arm M Ventures. The company has an investment of € 600 million allocated to M Ventures. This has helped the company further to grow both the number and size of investments.

Merck KGaA is the dominating player in Europe phytonutrients market. The other key players existing in the market are DSM, ADM, BASF SE, Cargill Incorporated, Cyanotech Corporation, Sabinsa, Ashland, IFF Nutrition & Biosciences, AOM, ConnOils LLC, NutriScience Innovations, LLC, Prinova Group LLC. Lycored among others.

Merck KGaA

Merck KGaA, founded in 1668, has headquarters in Mathildenhöhe, Germany. Their company focuses on providing specialty products in healthcare, life science, and performance materials by improving people's health and wellbeing and advancing their lives through science and technology. The company has a business segment in healthcare, life science, performance materials, corporate, and others, and healthcare is the market-focused segment. The company offers product category healthcare, life science, performance materials, and healthcare is the market-focused segment.

For instance,

• In December 2020, Merck KGaA expanded its production facilities in the U.S. for the life sciences businesses. These expansions will significantly increase capacity and output at these facilities by the end of 2021 and 2022, respectively, and create nearly 700 new manufacturing positions. This expansion helped the company to broaden its geographical presence.

The company has a wide presence across North America, Asia-Pacific, Europe, Africa, Latin America, and Oceania. The subsidiaries are AB Pensionsverwaltung GmbH (Germany), Merck 25. Allgemeine Beteiligungs-GmbH (Germany), Sigma-Aldrich (OM) Ltd. (Greece), SAFC Arklow Ltd. (Ireland), and Merck Ltd. (U.K.) among others.

BASF SE

BASF SE, founded in 1865, is headquartered in Rhineland-Palatinate, Germany. Its primary focus is on customers and strengthening performance in innovation and operations as the leading chemical producer and plant operator. The company has a business segment in agriculture solutions, materials, industrial solutions, surface technologies, nutrition & care, and chemicals, and nutrition & maintenance is the market-focused segment. In the market-focused segment, the company offers product categories including health ingredients, food fortification, food performance ingredients colorants, beverage stabilizers, and healthy ingredients.

For instance,

• In January 2017, BASF SE opened a new technical application laboratory at Singapore Polytechnic for its nutrition and health business. This laboratory focuses on providing the proper nutrients to the right people at the right time

The company has a presence across North America, South America, Europe, Asia-Pacific, and Middle East Africa. The subsidiaries are Wintershall (Germany), BASF Oy (Finland), Chemetall GmbH(Germany), BASF Coatings (Pty.) Ltd. (Germany), TrinamiX GmbH (Germany) among others.

DSM

DSM, founded in 1902, has headquarters in Limburg, Netherlands. The company's primary focus is on the production & development of nutrition, health & sustainable living. The company has a business segment in nutrition and materials, and nutrition is the market-focused segment. The company offers product categories including nutritional lipids, digestive enzymes, vitamins, probiotics and prebiotics, carotenoids, hydrocolloids, nutraceuticals, human milk oligosaccharides, active pharmaceutical ingredients, Cannabinoids (CBD), and vitamins in the market-focused segment.

For instance,

• In March 2021, DSM launched ample-D, a three times faster-acting form of vitamin D supplement in Australia. This product launch has helped the company to widen its product portfolio

The company has a presence across North America, South America, Europe, Asia-Pacific, and Middle East Africa. The subsidiaries are DSM Jiangshan Pharmaceutical (Jiangsu) Co., Ltd (China), Glycom A/S (U.S.), Sitech Site Services B.V. (LIMBURG), DSM (China) Ltd. (China), DSM Anti Infectives India Limited (India), Euroresins Uk Limited (U.K.) among others.