Phytonutrients Market – Natural Health Ingredients, Demand Trends & Market Insights

"Executive Summary Phytonutrients Market Size and Share Across Top Segments

CAGR Value

The global phytonutrients market size was valued at USD 4.34 billion in 2023, is projected to reach USD 7.68 billion by 2031, with a CAGR of 7.4% during the forecast period 2024 to 2031.

Phytonutrients Market report has reviews about key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies. This market research report delivers comprehensive analysis of the market structure along with the estimations of the various segments and sub-segments of the market. Market research studies conducted in this market report are very attentive for the businesses which help them with the better decision making and develop better strategies about production, Market, sales and promotion. The persuasive Phytonutrients Market research report proves to be a thorough synopsis on the study, analysis and estimation of the market and how it is affecting the Phytonutrients Market industry.

Besides, an international Phytonutrients Market report comprises of a far-reaching evaluation of the market’s growth prospects and restrictions. Market definition, market segmentation, key developments in the market, competitive analysis and research methodology are the key topics in which the report can be classified. This market report endows with an utter background analysis of the Phytonutrients Market industry along with an assessment of the parental market. Additionally, information gathered to prepare a reliable Phytonutrients Market report is backed up by most preferred tools viz SWOT analysis and Porter’s Five Forces analysis on which businesses can rely confidently.

Review comprehensive data and projections in our Phytonutrients Market report. Download now:
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Phytonutrients Market Growth Snapshot

Segments

- Based on type, the global phytonutrients market can be segmented into carotenoids, flavonoids, phenolic compounds, phytosterols, and others. Carotenoids are expected to witness significant growth due to their antioxidant properties and health benefits in immune system support and eye health. Flavonoids, known for their anti-inflammatory and anti-cancer properties, are also anticipated to have a considerable market share. Phenolic compounds, with their heart health benefits and disease-prevention properties, are likely to contribute significantly to the market growth. Phytosterols, recognized for their cholesterol-lowering potential, are gaining popularity among health-conscious consumers.

- By source, the phytonutrients market can be categorized into fruits, vegetables, grains, nuts and seeds, and others. Fruits are expected to dominate the market share owing to the high concentration of various phytonutrients like vitamins, minerals, and antioxidants. Vegetables are also a key segment due to their diverse nutrient profiles and health-promoting properties. Grains, nuts, and seeds are witnessing a surge in demand due to the growing awareness of their phytonutrient content and associated health benefits.

- On the basis of application, the market can be segmented into functional food and beverages, dietary supplements, pharmaceuticals, cosmetics, and animal feed. Functional food and beverages are likely to hold a significant market share as consumers are increasingly seeking products with added health benefits. The dietary supplements segment is expected to show substantial growth due to the convenience and efficacy of phytonutrient supplements in maintaining overall health. The pharmaceutical industry is also incorporating phytonutrients in their formulations for their medicinal properties, thus contributing to market expansion. Cosmetics and animal feed sectors are exploring the potential of phytonutrients for skincare and animal health applications.

Market Players

- Archer Daniels Midland Company
- Cargill, Incorporated
- DowDuPont
- BASF SE
- DSM
- Raisio plc
- Naturex (now part of Givaudan)
- ChromaDex
- Chr. Hansen
- Arboris, LLC

The global phytonutrients market is witnessing robust growth due to the increasing consumer awareness regarding the health benefits of phytonutrients. Market players are focusing on research and development activities to expand their product portfolios and cater to the rising demand for natural and functional ingredients. Partnerships, collaborations, and new product launches are key strategies adopted by companies to strengthen their market position and gain a competitive edge.

The global phytonutrients market is poised for significant growth driven by the rising consumer interest in health and wellness products. Carotenoids, flavonoids, phenolic compounds, and phytosterols are key segments within the market, each offering unique health benefits that appeal to health-conscious consumers. Carotenoids, known for their antioxidant properties, are expected to experience substantial growth due to their role in supporting the immune system and promoting eye health. Flavonoids, valued for their anti-inflammatory and anti-cancer properties, are anticipated to capture a considerable market share. Phenolic compounds, with their heart health benefits and disease-prevention properties, are also set to contribute significantly to the market expansion. The cholesterol-lowering potential of phytosterols is attracting the attention of consumers looking to improve their heart health, thus driving the popularity of this segment.

In terms of sources, fruits are projected to dominate the phytonutrients market due to their rich nutrient content, including vitamins, minerals, and antioxidants. Vegetables are also a significant segment, offering diverse nutrient profiles and various health-promoting properties. The demand for grains, nuts, and seeds is on the rise as consumers become more aware of their phytonutrient content and associated health benefits. This trend is expected to continue driving the growth of the market as consumers seek out natural and functional ingredients for their diet and overall well-being.

The application of phytonutrients spans across various industries, including functional food and beverages, dietary supplements, pharmaceuticals, cosmetics, and animal feed. Functional food and beverages are expected to hold a substantial market share as consumers increasingly seek products that offer added health benefits. The dietary supplements sector is projected to witness significant growth due to the convenience and efficacy of phytonutrient supplements in supporting overall health and well-being. The pharmaceutical industry is also incorporating phytonutrients into formulations for their medicinal properties, contributing to market expansion. Furthermore, the cosmetics and animal feed industries are exploring the potential of phytonutrients for skincare and animal health applications, further diversifying the market opportunities.

Leading market players such as Archer Daniels Midland Company, Cargill, DowDuPont, BASF SE, and DSM are actively engaged in research and development initiatives to enhance their product offerings and meet the growing demand for natural and functional ingredients. Partnerships, collaborations, and new product launches are key strategies adopted by these companies to strengthen their market position and gain a competitive edge. With the increasing focus on health and well-being, the global phytonutrients market is poised for continued growth and innovation as consumers seek out products that offer both nutrition and health benefits.The global phytonutrients market is undergoing significant growth and evolution driven by the increasing consumer awareness of the health benefits associated with phytonutrients. This growing interest in health and wellness products has propelled key market segments like carotenoids, flavonoids, phenolic compounds, and phytosterols to the forefront. Carotenoids, prized for their antioxidant properties, are witnessing substantial growth due to their contributions to immune system support and eye health. Similarly, flavonoids, renowned for their anti-inflammatory and anti-cancer attributes, are capturing a notable market share. Phenolic compounds, with their heart health benefits and disease prevention characteristics, are also expected to make a significant impact on market expansion. Additionally, the cholesterol-lowering potential of phytosterols is appealing to consumers seeking to enhance their heart health, further boosting the popularity of this segment.

The sources of phytonutrients play a crucial role in shaping the market landscape, with fruits projected to dominate due to their rich nutrient content encompassing essential vitamins, minerals, and antioxidants. Vegetables also hold a significant position in the market, offering diverse nutrient profiles and various health-promoting properties. Moreover, the increasing awareness of the phytonutrient content and associated health benefits of grains, nuts, and seeds is fueling demand in this segment. Consumers' inclination towards natural and functional ingredients for dietary and overall wellness needs is expected to sustain the growth trajectory of the market.

The application of phytonutrients spans across diverse industries such as functional food and beverages, dietary supplements, pharmaceuticals, cosmetics, and animal feed. Functional food and beverages are poised to maintain a substantial market share as consumer preferences shift towards products offering added health benefits. Dietary supplements are forecasted to experience significant growth, driven by the convenience and efficacy of phytonutrient supplements in supporting overall health. The pharmaceutical sector's integration of phytonutrients in formulations for their medicinal properties is further propelling market expansion. Furthermore, the exploration of phytonutrients in skincare and animal health applications by the cosmetics and animal feed industries presents additional growth opportunities within the market.

Market leaders like Archer Daniels Midland Company, Cargill, DowDuPont, BASF SE, and DSM are actively investing in research and development endeavors to enhance product offerings and cater to the escalating demand for natural and functional ingredients. Collaborations, partnerships, and new product introductions remain pivotal strategies employed by these companies to bolster their market presence and gain a competitive edge. The global phytonutrients market's continuous growth and innovation reinforce the industry's commitment to meeting consumer demands for products that deliver both nutrition and health benefits.

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Global Phytonutrients Market – Segmentation & Forecast Question Templates

• How is the Phytonutrients Market performing globally?
• What is the projected CAGR through 2032?
• Which components are analyzed in the segmentation framework?
• Who are the key strategists in the Phytonutrients Market?
• What market entries have disrupted the landscape recently?
• What geographic breadth is covered in the Phytonutrients Market research?
• Which region has the most investment potential?
• What countries are rapidly scaling operations?
• Which region leads in infrastructure development?
• What environmental trends affect the Phytonutrients Market?

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