The Business Research Company’s Phytonutrients Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
Strong Future Growth Anticipated
The phytonutrients market is projected to continue its strong growth, reaching $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.
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Growth Driver Of The Phytonutrients Market
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 lipoprotein oxidation, thereby increasing the lipid profile and regulating the apoptotic process in the endothelium.
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Major Players And Market Trends
Key players in the phytonutrients market include Raiso PLC, FMC Corporation, Royal DSM N.V, Chr Hansen A/S, BASF SE, Archer Daniels Midland Company, Cargill Inc., Kemin Industries Inc..
Product innovation is a key trend in the phytonutrients market. Major companies operating in the phytonutrients sector are focused on developing new products to meet customer demand.
Segments:
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
Geographical Insights: Europe Leading The Market
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
Phytonutrients Market Definition
Phytonutrients are natural substances found in plant foods such as vegetables, fruit, whole grain products, and legumes. These plant chemicals have favorable effects when combined with other vital nutrients to maintain excellent health. Many phytonutrients have antioxidant capabilities that aid in the prevention of cell damage throughout the body.
Phytonutrients Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Phytonutrients Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on phytonutrients market size, phytonutrients market drivers and trends, phytonutrients market major players, phytonutrients competitors' revenues, phytonutrients market positioning, and phytonutrients market growth across geographies. The phytonutrients market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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