Phytonutrients Global Market Report 2024

Description

Phytonutrients are natural compounds present in plant-based foods like vegetables, fruits, whole grains, and legumes. These substances, when combined with essential nutrients, contribute positively to overall health. Many phytonutrients possess antioxidant properties that help prevent cellular damage within the body.

The main types of phytonutrients are carotenoids, flavonoids, isothiocyanates, monoterpenes, organosulfur, phenolic, and saponins. Carotenoids are pigments found in plants, algae, and photosynthetic microorganisms, and serve as a form of antioxidant in humans. These are available from various sources including fruits and vegetables, cereals, pulses and oilseeds, herbs and trees, and others that are used for different applications such as food and beverages, pharmaceuticals, cosmetics, supplements, and other applications.

The phytonutrients market research report is one of a series of new reports from The Business Research Company that provides phytonutrients market statistics, including phytonutrients industry global market size, regional shares, competitors with a phytonutrients market share, detailed phytonutrients market segments, market trends and opportunities, and any further data you may need to thrive in the phytonutrients industry. This phytonutrients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 upsurge observed in the historical timeframe is a result of heightened consumer consciousness regarding health advantages, a burgeoning inclination towards plant-based diets, the surge in nutraceutical and functional food preferences, backed by scientific studies validating health assertions, and the rising consumer desire 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 anticipated growth in the upcoming period can be ascribed to a focus on proactive healthcare approaches, wide-ranging uses in functional food and beverage sectors, the burgeoning expansion of the nutraceutical industry, heightened interest in plant-based supplements, and an increasing incorporation into personalized nutrition initiatives. Key trends projected in this period encompass the use of unique and innovative sources, prioritization of clean label and natural offerings, integration of phytonutrients into skincare items, industry-wide collaboration and partnerships, as well as comprehensive consumer education and awareness initiatives.

The projected surge in cardiovascular disease cases is anticipated to drive growth within the phytonutrient market. These diseases impact the heart and blood vessels, and phytonutrients play a vital role in reducing oxidation of low-density lipoproteins, consequently improving lipid profiles and regulating endothelial cell apoptosis. As reported by the Centers for Disease Control and Prevention in October 2022, a significant portion (85%) of deaths were attributed to heart attacks and strokes in the US. This substantiates the driving force behind the rising demand for phytonutrients.

The escalating adoption of health-conscious lifestyles is poised to fuel the expansion of the phytonutrient industry. Health-conscious choices encompass deliberate decisions aimed at enhancing overall well-being through mindful selections of food, habits, and lifestyle practices. Phytonutrients, derived from plant-based sources, align with this ethos by providing natural compounds that support preventive health measures. The 2022 Food and Health Survey by the International Food Information Council indicated a substantial increase in dietary consciousness among Americans, with 52% adhering to specific diets or eating patterns, compared to 39% in 2021 and 43% in 2020. This upward trend in health-conscious choices significantly influences the growth trajectory of the phytonutrients market.

A prominent trend in the phytonutrients sector revolves around product innovation. Key industry players prioritize the development of novel products to meet evolving customer demands. In January 2022, DSM Corporation, a Netherlands-based entity specializing in phytonutrients, introduced HiPhorius, a comprehensive phytase solution targeting poultry breeders. This innovation enhances broiler performance by providing consistent improvements and higher nutrient values through targeted nutrition via phytate degradation. HiPhorius sets a new standard in phytase technology, offering producers greater flexibility in optimizing diets for poultry, swine, and aquaculture species. Moreover, it contributes to improved animal lifetime performance, reduced livestock emissions, and more efficient utilization of natural resources.

In February 2022, ABF Ingredients (ABFI), a UK-based expert in ingredient solutions, successfully finalized the acquisition of Fytexia Group for an undisclosed amount. This deliberate step was aimed at diversifying ABFI's product line and bolstering its capabilities, particularly within the pharmaceutical, nutritional, and food industries. Fytexia Group, headquartered in France, stands out as a prominent life science company recognized for its expertise in delivering cutting-edge nutritional components, notably flavonoids, developed through rigorous scientific research methodologies.

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.

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

The countries covered in the phytonutrients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The phytonutrient market consists of sales of alkaloids, glucosinolates, resveratrol, and ellagic acid. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Phytonutrients Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on phytonutrients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

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Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for phytonutrients? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The phytonutrients market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Raiso plc; FMC Corporation; Royal DSM N.V; Chr Hansen A/S; BASF SE
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r13260

1. Executive Summary

2. Phytonutrients Market Characteristics

3. Phytonutrients Market Trends And Strategies

4. Phytonutrients Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Phytonutrients Market Size and Growth

5.1. Global Phytonutrients Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Phytonutrients Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Phytonutrients Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Phytonutrients Market Segmentation

6.1. Global Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Carotenoids
Flavonoids
Isothiocyanates
Monoterpenes
Organosulfur
Phenolic
Saponins
6.2. Global Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fruits And Vegetables
Cereals, Pulses And Oilseeds
Herbs And Trees
Other Sources
6.3. Global Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food And Beverages
Pharmaceuticals
Cosmetics
Supplements
Other Applications

7. Phytonutrients Market Regional And Country Analysis

7.1. Global Phytonutrients Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Phytonutrients Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Phytonutrients Market

8.1. Asia-Pacific Phytonutrients Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Phytonutrients Market

9.1. China Phytonutrients Market Overview
9.2. China Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Phytonutrients Market

10.1. India Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Phytonutrients Market

11.1. Japan Phytonutrients Market Overview
11.2. Japan Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Phytonutrients Market

12.1. Australia Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Phytonutrients Market

13.1. Indonesia Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Phytonutrients Market

14.1. South Korea Phytonutrients Market Overview
14.2. South Korea Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Phytonutrients Market

15.1. Western Europe Phytonutrients Market Overview
15.2. Western Europe Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Phytonutrients Market

16.1. UK Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Phytonutrients Market

17.1. Germany Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Phytonutrients Market

18.1. France Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Phytonutrients Market

19.1. Italy Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Phytonutrients Market

20.1. Spain Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Phytonutrients Market

21.1. Eastern Europe Phytonutrients Market Overview
21.2. Eastern Europe Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Phytonutrients Market

22.1. Russia Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Phytonutrients Market

23.1. North America Phytonutrients Market Overview
23.2. North America Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Phytonutrients Market

24.1. USA Phytonutrients Market Overview
24.2. USA Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Phytonutrients Market

25.1. Canada Phytonutrients Market Overview
25.2. Canada Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Phytonutrients Market

26.1. South America Phytonutrients Market Overview
26.2. South America Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Phytonutrients Market

27.1. Brazil Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Phytonutrients Market

28.1. Middle East Phytonutrients Market Overview
28.2. Middle East Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Phytonutrients Market

29.1. Africa Phytonutrients Market Overview
29.2. Africa Phytonutrients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Phytonutrients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Phytonutrients Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Phytonutrients Market Competitive Landscape And Company Profiles

30.1. Phytonutrients Market Competitive Landscape
30.2. Phytonutrients Market Company Profiles
- 30.2.1. Raisio plc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. FMC Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Royal DSM N.V
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Chr Hansen A/S
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. BASF SE
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Phytonutrients Market Competitive Benchmarking

32. Global Phytonutrients Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Phytonutrients Market

34. Phytonutrients Market Future Outlook and Potential Analysis

34.1 Phytonutrients Market In 2028 - Countries Offering Most New Opportunities
34.2 Phytonutrients Market In 2028 - Segments Offering Most New Opportunities
34.3 Phytonutrients Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer