07-Oct-2022 | Facts and Factors
According to Facts and Factors, the global phytonutrients market size was worth USD 4,729.40 million in 2021 and is estimated to grow to USD 7,057.85 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.90% over the forecast period. The report analyzes the global phytonutrient market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the global phytonutrient market.
The phytonutrients are chemical compounds that plants produce, typically to defend themselves against infections by fungi, bacteria, and viruses. The major phytonutrients are carotenoids, flavonoids, phenolic compounds, and vitamins. As insects and other animals consume them, phytonutrients help to protect them from pests such as aphids. These phytonutrients offer various benefits to the consumers as well as to the plants. In addition to being anti-inflammatory and antioxidant, they also promote liver health. The health-promoting properties of these compounds make them useful in various industries, such as food, beverages, pharmaceuticals, and cosmetics. Foods rich in phytonutrients include fruits, vegetables, spices, cereals, legumes, and oilseeds.
Browse the full “Phytonutrients Market Size, Share, Growth Analysis Report By Type (Carotenoids, Phytosterols, Flavonoids, Phenolic Compounds, Vitamin E, Others), By Application (Food & Beverages, Pharmaceuticals, Cosmetics, Feed), By Source (Fruits & Vegetables, Cereals, Pulses & Oilseeds, Herbs & Trees, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/phytonutrients-market
Phytonutrients are used more frequently in sports nutrition and supplements, boosting the global phytonutrient market over the projection period. Due to the increased demand for food and beverage worldwide, there will likely be a rise in the sector's requirement for phytonutrients. The rising need for nutraceutical products to prevent and treat health problems like diabetes, hypertension, obesity, skin & aging disorders, bone problems, cardiovascular ailments, and others is predicted to be the main driver of the need for phytonutrients in nutraceutical applications. Furthermore, the growing trend of functional foods and nutritional supplements in the diets of health-conscious consumers will promote the global market expansion during the research period. The quality of the raw materials utilized to derive phytonutrients could hinder the growth of the phytonutrient market in the ensuing years. Additionally, the size of the phytonutrient market might be impacted by the lack of phytonutrient supplements in products that are regulated.
The global phytonutrient market is segregated based on type, application, source, and region. Based on type, the market is divided into carotenoids, phytosterols, flavonoids, phenolic compounds, vitamin E, and others. Among these, the carotenoids segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on application, the market is classified into food & beverages, pharmaceuticals, cosmetics, and feed. In 2021, the food & beverages category dominated the global market. Based on the source, the market is classified into fruits & vegetables, cereals, pulses & oilseeds, herbs & trees, and others. The fruits & vegetable segment dominated the market in 2021.
The global phytonutrient market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East & Africa. Europe is anticipated to have a dominating position in the global market for phytonutrients in 2021. The market for phytonutrients has increased due to the elevated health consciousness of European consumers. Several factors have contributed to the growth of the European phytonutrient market, such as the incidence of cardiovascular diseases, the rise of health issues, the change in lifestyles, and the aging population. Due to the presence of significant key firms like BASF SE, Dohler GmbH, RAISIO PLC, and others, the regional market will further expand substantially.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 4,729.40 Million |
Projected Market Size in 2028 |
USD 7,057.85 Million |
CAGR Growth Rate |
6.90% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Archer Daniels Midland Company, BASF SE, Cargill Inc., Chr. Hansen A/S, DSM N. V., Cyanotech Corporation, FMC Corporation, Kemin Industries Inc., Allied Biotech Corporation, Arboris Llc, Carotech Berhad, D.D. Williamson & Co., Döhler Group, Pharmachem Laboratories Inc., Raisio Plc., and others. |
Key Segment |
By Type, Application, Source, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Key players in the global phytonutrients market include - Archer Daniels Midland Company, BASF SE, Cargill Inc., Chr. Hansen A/S, DSM N. V., Cyanotech Corporation, FMC Corporation, Kemin Industries Inc., Allied Biotech Corporation, Arboris Llc, Carotech Berhad, D.D. -Williamson & Co., Döhler Group, Pharmachem Laboratories Inc., Raisio Plc.
Recent Development:
- December 2021: Merck KGaA investment of EUR 600 million in its strategic corporate venture capital arm M Ventures to grow the company size.
- December 2020: The natural color manufacturer Phytone Ltd. from the United Kingdom was purchased by FMC Corporation.
Global Phytonutrients Market is segmented as follows:
By Type
- Carotenoids
- Phytosterols
- Flavonoids
- Phenolic compounds
- Vitamin E
- Others
By Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics
- Feed
- Others
By Source
- Fruits & Vegetables
- Cereals, Pulses & Oilseeds
- Herbs & Trees
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com
