Global Phytonutrients Market in 2024: Market Share, Continuous Trends, Size, Growth Rate, Key Players And Outlook By 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Phytonutrients Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

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 growth in the historic period can be attributed to increased consumer awareness of health benefits, growing interest in plant-based diets, nutraceutical and functional food trends, scientific research supporting health claims, consumer demand 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 growth in the forecast period can be attributed to emphasis on prevention-oriented healthcare, diverse applications in functional foods and beverages, expansion of nutraceutical industry, rising interest in plant-based supplements, increasing integration in personalized nutrition.. Major trends in the forecast period include utilization of exotic and novel sources, focus on clean label and natural products, integration of phytonutrients in skincare products, collaboration and partnerships in the industry, consumer education and awareness campaigns..

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Key Market Players:

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.

Market Drivers:

The increasing incidence of cardiovascular diseases is expected to propel the growth of the phytonutrient market. Cardiovascular disease affects the heart or blood vessels. Phytonutrients reduce low-density lipoproteins oxidation, thereby increasing the lipid profile and regulating the apoptotic process in the endothelium. For instance, in October 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency reported heart attacks and strokes were responsible for 85% of these deaths. Therefore, the increasing incidence of cardiovascular diseases drives the phytonutrient market.

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https://www.thebusinessresearchcompany.com/report/phytonutrients-global-market-report

The phytonutrients market covered in this report is segmented -

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

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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