Overview and Scope
Phytonutrients are natural substances found in plant foods such as vegetables, fruit, whole grain products, and legumes. These plant chemicals have favorable effects when combined with other vital nutrients to maintain excellent health. Many phytonutrients have antioxidant capabilities that aid in the prevention of cell damage throughout the body.
Sizing and Forecast
The phytonutrients market size has grown strongly in recent years. It will grow from $4.31 billion in 2023 to $4.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased consumer awareness of health benefits, growing interest in plant-based diets, nutraceutical and functional food trends, scientific research supporting health claims, consumer demand for natural antioxidants..
The phytonutrients market size is expected to see strongly grown in the next few years. It will grow to $6.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to emphasis on prevention-oriented healthcare, diverse applications in functional foods and beverages, expansion of nutraceutical industry, rising interest in plant-based supplements, increasing integration in personalized nutrition.. Major trends in the forecast period include utilization of exotic and novel sources, focus on clean label and natural products, integration of phytonutrients in skincare products, collaboration and partnerships in the industry, consumer education and awareness campaigns..
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The phytonutrients market covered in this report is segmented –
1) By Type: Carotenoids, Flavonoids, Isothiocyanates, Monoterpenes, Organosulfur, Phenolic, Saponins
2) By Source: Fruits And Vegetables, Cereals, Pulses And Oilseeds, Herbs And Trees, Other Sources
3) By Application: Food And Beverages, Pharmaceuticals, Cosmetics, Supplements, Other Applications
Europe was the largest region in the phytonutrients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phytonutrients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing incidence of cardiovascular diseases is expected to propel the growth of the phytonutrient market. Cardiovascular disease affects the heart or blood vessels. Phytonutrients reduce low-density lipoproteins oxidation, thereby increasing the lipid profile and regulating the apoptotic process in the endothelium. For instance, in October 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency reported heart attacks and strokes were responsible for 85% of these deaths. Therefore, the increasing incidence of cardiovascular diseases drives the phytonutrient market.
Key Industry Players
Major companies operating in the phytonutrients market report are Raiso plc, FMC Corporation, Royal DSM N.V, Chr Hansen A/S, BASF SE, Archer Daniels Midland Company, Cargill Inc., Kemin Industries Inc., Pharmachem Laboratories Inc., Allied Biotech Corporation, Arboris LLC, Dohler GmbH, Carotech Berhad, DD Williamson & Co. Inc., Cyanotech Corporation, DowDuPont Inc., PhytoSource inc., Koninklijke DSM N.V., Takasago International Corporation, Kerry Group plc, Ingredion Incorporated, Tate & Lyle plc, Foodchem International Corporation, Kothari Phytochemicals International Ltd., Hindustan Herbals Ltd., Brlb International, Merck Co. & KGaA, ConnOils LLC, Xi’an Healthful Biotechnology Co., Vitae Caps S.A.
The phytonutrients market report table of contents includes:
1. Executive Summary
2. Phytonutrients Market Characteristics
3. Phytonutrients Market Trends And Strategies
4. Phytonutrients Market – Macro Economic Scenario
5. Global Phytonutrients Market Size and Growth
…..
32. Global Phytonutrients Market Competitive Benchmarking
33. Global Phytonutrients Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Phytonutrients Market
35. Phytonutrients Market Future Outlook and Potential Analysis
36. Appendix
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