PUBLISHER: Value Market Research | PRODUCT CODE: 1408959
PUBLISHER: Value Market Research | PRODUCT CODE: 1408959
The global demand for Phytonutrients Market is presumed to reach the market size of nearly USD 13.58 BN by 2030 from USD 7.29 BN in 2022 with a CAGR of 8.09% under the study period of 2023 - 2030.
Phytonutrients or phytochemicals are natural compounds from plants that have various health benefits. These bioactive substances, like vitamins and minerals, are not considered essential for human survival but contribute to overall well-being and assist in preventing various diseases. These contribute to the vibrant colors, flavors, and disease resistance in plants.
The phytonutrients market is driven by a global awareness of health and wellness, with consumers increasingly recognizing the health benefits associated with plant-derived compounds. The rise in preventive healthcare practices and growing consumer awareness contribute to the demand for phytonutrient-rich foods and supplements. The trend towards functional foods and nutraceuticals, coupled with scientific research highlighting the positive impacts of phytonutrients, fuels the market growth. Natural and plant-based trends, along with a focus on sustainability, align with the inherent nature of these compounds, driving their popularity. Their association with beauty and skin health enhances their incorporation into skincare products. The aging population's interest in nutrition for healthy aging further supports the market. The inclusion of phytonutrients in functional beverages and supplements caters to consumer preferences for convenient and concentrated sources of these health-promoting compounds. Regulatory support and transparent labeling contribute to consumer confidence, shaping the phytonutrient market as a key player in the evolving landscape of holistic nutrition and well-being.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of phytonutrients. The growth and trends of Phytonutrients Industry provide a holistic approach to this study.
This section of the phytonutrients market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Phytonutrients market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the phytonutrients market include Raisio PLC, Chr. Hansen, Archer Daniels Midland Company, BASE SE, Koninklijke DSM N.V., DowDuPont Inc., Dohler GmbH, Takasago International Corporation, Kemin Industries Inc, Pharmachem Laboratories LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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