Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Phytonutrients market is influenced by a myriad of factors that collectively shape its growth and market dynamics. One of the primary drivers is the increasing consumer awareness of the health benefits associated with plant-based diets. Phytonutrients, naturally occurring compounds found in plants, have gained significant attention for their potential to promote health and prevent chronic diseases. The market benefits from the growing interest in incorporating phytonutrient-rich foods and supplements into daily diets, reflecting a broader trend toward healthier lifestyles. Phytonutrients Market Estimated to Reach At A USD 7.23 Billion By 2030, At 8.2% CAGR By 2022 – 2030
Changing dietary preferences and an emphasis on preventive healthcare also play a significant role in the Phytonutrients market. Consumers are increasingly seeking foods and supplements that go beyond basic nutrition, providing additional bioactive compounds to support overall well-being. Phytonutrients, with their antioxidant, anti-inflammatory, and immune-boosting properties, align with these preferences. The market responds by offering a variety of phytonutrient-rich products, including fruits, vegetables, nuts, seeds, and herbal supplements.
Technological advancements and innovations contribute to the diversification of the Phytonutrients market. Extraction technologies, bioavailability enhancement methods, and formulation innovations improve the delivery of phytonutrients in various products. This allows for the development of functional foods, beverages, and dietary supplements that efficiently deliver a concentrated dose of phytonutrients, meeting consumer demand for convenient and effective health solutions.
Globalization and international trade are pivotal factors shaping the Phytonutrients market. As awareness of the health benefits of phytonutrients spreads globally, there is a growing demand for phytonutrient-rich ingredients and products. Companies operating in the market must navigate diverse regulatory landscapes and cater to varying consumer preferences in different regions. Additionally, the exchange of knowledge about traditional herbal remedies and plant-based diets across cultures contributes to the market's diversity and adaptability.
The emphasis on health and wellness is another influential factor in the Phytonutrients market. Consumers are increasingly conscious of the role of nutrition in maintaining optimal health and preventing diseases. Phytonutrients, often marketed for their potential to support heart health, boost immunity, and provide anti-aging benefits, resonate with consumers seeking proactive approaches to well-being. The market benefits from the integration of phytonutrients into mainstream health-conscious lifestyles.
Sustainability considerations and environmental awareness represent emerging factors in the Phytonutrients market. As consumers prioritize eco-friendly practices, the sustainable sourcing of raw materials and environmentally responsible production methods become critical for companies in the market. Sustainable and ethical practices in harvesting and cultivating plants for phytonutrient extraction contribute to the market's alignment with broader trends in corporate social responsibility and environmentally conscious consumer choices.
Despite the positive trends, challenges exist in the Phytonutrients market. Quality control and standardization of phytonutrient extracts, as well as the need for clear labeling and consumer education, pose challenges for companies. Additionally, competition from synthetic alternatives and the need to ensure the authenticity and bioavailability of phytonutrient-rich products present ongoing challenges for market players.
Phytonutrients Market Highlights:
Global Phytonutrients Market Overview
The Phytonutrients Market is estimated to reach USD 7.23 Billion by 2030 and record a decent CAGR of 8.2% from 2022 to 2030.
Phytonutrients are usually found in plants as a compound that help protect the plant's vitality. It also helps for various functions in the plants. In addition, it also provides benefits to phytonutrient consumers. The phytonutrients consist of various health-promoting properties like liver-health-promoting activities, antioxidant, and anti-inflammatory properties. These health-beneficial properties make it able to apply in different industries like supplements, food & beverages, cosmetics, and pharmaceuticals.
The phytonutrients also provide significant benefits to the human body, such as intercellular communication, enhancing immunity, and DNA damage repair that occurred because of the exposure to toxins, alteration of estrogen metabolism, and detoxification of carcinogens. The popularity of phytonutrients is rising among different industries due to the different health benefits associated with phytonutrients. Moreover, phytonutrients are growing its acceptance in the pharmaceutical industry because of their attribute of protecting the human body against certain types of cancer, the risk of heart diseases, blindness, and stroke. In addition, the growth of the Phytonutrients Market is attributed to increasing consciousness among the health-conscious population and the rising demand for functional foods & beverages.
The global phytonutrient market is highly contributed by the intended audiences such as Food Processing Industry; Cosmetic Industry; Traders, Importers, and Exporters; Animal Nutrition Industry; Supplement Industry; Food & Beverages; and Pharmaceutical Industry. These intended audiences are promoting the growth of the worldwide market.
COVID-19 Impact Analysis
An incomparable global public health emergency has arrived because of the COVID-19, which has impacted almost all the industry. Among them, the Phytonutrients Market Trends was one. It has been found that the coronavirus outbreak has brought many changes in consumer behavior and demand, dynamics of current market forces, purchasing patterns, the significant interventions of governments, and re-routing of the supply chain.
However, the continuous efforts of the global market players are predicted to thrive the Phytonutrients Market Trends in the upcoming years.
Market Dynamics
-
Key Market Drivers
The Phytonutrients Market Growth is driving across the world due to the rising interest in phytonutrients, resulting from growing health problems among the rising demographics. The global market is fueling during the forecast period due to the increasing application of phytonutrients in sports nutrition and supplements. Moreover, the rising trend of adding nutritional supplements and functional foods in health-conscious people's diets is also enhancing the growth of the worldwide market in the research period.
According to World Health Organization (WHO), cardiovascular diseases are estimated to take nearly 17.9 million lives each year. Therefore, more researchers have found that the beneficial health properties of Phytonutrients are helpful for cardiovascular diseases, which is enhancing the Phytonutrients Market Value in the research timeframe.
-
Market Opportunities
The high efficiency of phytonutrients and the ease of application of phytonutrients are bringing lucrative opportunities for the global Phytonutrients Market. Moreover, the rise in health concerns among the people is bringing significant opportunities for the market players and vendors.
Apart from these, the global market players are getting involved in many agreements, acquisitions, expansions, research development activities, and new product launches to generate more scopes for the global Phytonutrients Market.
-
Market Restraints
The Phytonutrients Market Growth might get hampered in the upcoming years due to the quality of raw materials used for deriving phytonutrients.
Moreover, the standard quality determination technique of phytonutrients is inadequate along with its product, which might hamper the growth of the global market in the forecast period. Also, the insufficient phytonutrient supplements in regulating products can also affect the growth of the Phytonutrients Market Size.
-
Market Challenges
The manufacturers' rising focus on the extraction process of phytonutrients might bring more challenges for the global Phytonutrients Market during the research period.
Apart from that, the high cost of the raw materials is projected to bring big challenges that can affect the global Phytonutrients Market Size during the forecast timeframe. Also, the strident rules and regulations related to the safety of food and beverages might bring additional challenges to the global market growth.
Cumulative Growth Analysis
In the past years, the global market has experienced many challenges, but the continuous efforts of the key players have brought more scope to the global market. Accordingly, the global market is expecting to generate the largest Phytonutrients Market Share over the forecast period.
Furthermore, the global market has spread across various geographical locations and is planning to reach all the parts of the world, bringing more opportunities for the market players in the future.
Market Segmentation
According to the Phytonutrients Market Outlook report, the global market has been segmented based on types and applications.
-
By Types
The market has been divided into vitamins, carotenoids, flavonoids, phytosterols, and others based on the type segment.
Out of all, the carotenoids segment is projected to lead the global Phytonutrients Market during the research period. Presently, various industries are considering the application of carotenoids because of their antioxidants properties, which is fueling the demand for the carotenoids segment. On the other hand, the flavonoids segment holds the second dominating position in the global market. Additionally, the phytosterols segment is also predicted to witness substantial growth during the review period.
-
By Application
On the basis of application segment, the market has been classified into pharmaceuticals, food & beverages, cosmetics, supplements, and others.
Of these, the food & beverages segment is projected to account for the major Phytonutrients Market Share over the forecast period. On the other hand, the supplements segment is predicted to witness considerable growth during the research timeframe. Further, the pharmaceuticals segment is also holding the second considerable growth in the forecast period.
Regional Analysis
Based on the regional segments, the current Phytonutrients Market has covered various geographical locations such as Europe, North America, Asia Pacific, Latin America, the Middle East, Africa, and the rest of the world.
As per the market analysis, the European region is projected to hold the dominant position in the global market during the forecast timeframe. This region is expanding because of the presence of the major key players like BASF SE, Dohler GmbH, RAISIO PLC, and others in the region. Apart from this region, The North American region is also driving the global market growth during the research timeframe due to the presence of prominent key players like FMC CORPORATION, KEMIN INDUSTRIES INC., Archer Daniels Midland Company, CARGILL INC, and CYANOTECH CORPORATION in the region. Additionally, the North American region supports the market growth due to the rising consumption of functional foods in the U.S. Furthermore, the Asia Pacific region is the fastest-growing region throughout the analysis period. This region has some major contributors like china and India because of the population's growth in consumption of healthy foods and rising health awareness. For instance, the Latin American region is projected to acquire moderate growth during the forecast period. The nations like Mexico and Brazil are highly contributing to this region.
Competitive Landscape Analysis
As per the Phytonutrients Market Outlook report, the present market is known to be a highly competitive market because of the popular market player’s presence in the market. These players’ lists are given below.
- BASF SE (Germany),
- Dohler GmbH (Germany),
- FMC CORPORATION (U.S.),
- Archer Daniels Midland Company (U.S.),
- KEMIN INDUSTRIES INC. (U.S.),
- CARGILL INC (U.S.),
- Chr. Hansen A/S (Denmark),
- DSM N. V. (The Netherlands),
- RAITIO PLC. (Finland),
- CYANOTECH CORPORATION (U.S.).
These above-mentioned market leaders are giving their 100% efforts to enhance the global market growth in the upcoming years. They are implementing various promotional ideas, spending on research and developmental activities related to phytonutrients, doing partnerships, and many more to show their presence in the global market.
Recent Developments
- In December 2020, FMC Corporation acquired the United Kingdom'snatural colors producer company Phytone Ltd.
Report Overview
According to Phytonutrients Market Analysis, the present report has covered the market dynamics such as market restraints, challenges, drivers, opportunities, and cumulative analysis. Also, the report has given the focus on the covid-19 analysis, regional analysis, recent developments, and market segmentations to get an insight into the market value.
As per the Phytonutrients Market Forecast report, the global market has significant competition across the world.
Segmental Table
By Types
- Vitamins
- Carotenoids
- Flavonoids
- Phytosterols
- Others
By Application
- Pharmaceuticals
- Food & Beverages
- Cosmetics
- Supplements
- Others
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
