The global phytonutrients market size was worth around USD 4.87 Billion in 2022 and is predicted to grow to around USD 10.57 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 10.17% between 2023 and 2030.

The phytonutrient market is being stimulated by the increasing demand for functional foods and dietary supplements, which presents a potential opportunity for plant nutrients. Unfortunately, these nutrients are not synthesised naturally in the human body, necessitating external administration.

Consequently, the market's sales of plant-fortified food products are further increasing due to the increasing popularity of vegan cuisine among consumers. This, in turn, leads to an increase in the consumption of phytonutrients in the food industry.

The market's expansion of phytonutrients is being driven by the growing demand for organic food and beverages. The demand for phytonutrients is also on the rise in the nutraceutical industry, as consumers are increasingly inclined to favour plant-based or vegan alternatives to animal-based products. Furthermore, the animal feed industry is experiencing an increase in demand for phytonutrients.

Additionally, the personal care and cosmetic industry is experiencing a surge in the demand for phytonutrients, which are frequently employed in skincare and cosmetics. This is attributed to their beneficial impact on the preservation of the skin's health and vitality.

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Creams and cosmetic products that contain these compounds moisturise and smooth the skin, prevent the formation of creases, and aid in the synthesis of collagen. As an outcome, it is anticipated that the cosmetic industry's increasing demand for phytonutrients will drive market expansion.

As a compound, phytonutrients are typically present in plants and aid in the preservation of their vitality. It is also beneficial for a variety of plant functions. Furthermore, it offers advantages to consumers of phytonutrients.

These phytonutrients possess a variety of health-promoting properties, including antioxidant and anti-inflammatory properties, as well as liver-health-promoting activities. These health-beneficial properties enable it to be utilised in a variety of industries, including pharmaceuticals, cosmetics, food and beverages, and supplements.

Additionally, phytonutrients offer substantial advantages to the human body, including the repair of DNA damage, the enhancement of immunity, and intercellular communication. These benefits are a result of the exposure to contaminants, the modification of oestrogen metabolism, and the detoxification of carcinogens. Phytonutrients are experiencing an increase in prominence across various industries as a result of the diverse health benefits they offer.

In addition, phytonutrients are gaining acceptance in the pharmaceutical industry due to their ability to safeguard the human body from certain types of cancer, heart disease, cataracts, and stroke risks. In addition, the Phytonutrients Market's expansion is ascribed to the growing demand for functional foods and beverages and the growing awareness of the health-conscious population.

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The intended audiences, including the Food Processing Industry, Cosmetic Industry, Traders, Importers, and Exporters, Animal Nutrition Industry, Supplement Industry, Food & Beverages Industry, and Pharmaceutical Industry, significantly contribute to the global phytonutrient market. The expansion of the global market is being encouraged by these intended audiences.

In recent years, the global phytonutrients market has experienced accelerated growth and is currently exhibiting no indications of slowing down. Phytonutrients, which are also referred to as plant-based nutrients, are compounds that are present in plants and can provide a variety of health benefits and are ingested. The human immune system is believed to be significantly influenced by them, and they are gaining popularity due to their potential health benefits.

The demand for phytonutrients is anticipated to continue increasing as a result of the expanding recognition of the significance of healthy eating, particularly among Generation Z and millennials. This heightened consciousness is expected to be further bolstered by the increasing number of individuals adopting vegetarian and vegan diets, which frequently incorporate plant-based ingredients. Additionally, the increasing incomes of individuals in emerging markets like China and India are encouraging them to purchase premium products that contain higher levels of phytonutrients than traditional dietary options.

Global Phytonutrients Market: Competitive Players

The major market players in the phytonutrients market include

• FMC Corporation
• Pharmachem Laboratories Inc.
• Cargill
• Cyanotech
• Allied Biotech
• BASF SE
• DSM N.V.
• Raisio Plc.
• Kemin
• Arboris
• Carotech Berhad
• And Others

The global phytonutrients market is segmented as follows:

By Type

• Phytosterols
• Phenolic Compounds
• Betalains
• Monoterpenes
• Lignans
• Carotenoids
• Flavonoids
• Vitamin E
• Alkaloids
• Anthocyanins

By Application

• Automotive
• Residential
• Commercial

By Source

• Herbs & Trees
• Fruits & Vegetables
• Cereals
• Pulses & Oilseeds

Global Phytonutrients Market: Regional Segment Analysis

• North America U.S.
• Europe UK France Germany
• Asia Pacific China Japan India
• Latin America Brazil
• The Middle East and Africa

How are the Phytonutrients markets segmented by product type?

In order to gain a more comprehensive understanding of the industry's structure and dynamics, the phytonutrients market is segmented by product type. The global phytonutrients market can be categorised into carotenoids, phenolic compounds, glucosinolates, flavonoids, saponins, and other types based on product type. In a variety of fruits and vegetables, including carrots, pumpkins, squash, spinach, and tomatoes, carotenoids are recognised for their antioxidant properties. Plant-based nutrients, such as olive oil and tea leaves, also contain phenolic compounds, which are antioxidants.

Glucosinolates are responsible for the production of anti-cancer compounds during the metabolism of molecules from plants, which provides protection against cancer. Saponins offer antimicrobial advantages, while flavonoids possess anti-inflammatory properties.

What are the potential applications of phytonutrients in pharmaceuticals?

In plants, phytonutrients are compounds that possess medicinal properties and may be advantageous to human health. As a potential alternative to pharmaceutical medications, they are acquiring popularity due to their natural properties and relatively low cost.

Studies have demonstrated that these compounds can be employed in the development of novel drugs, with a significant number of them already serving as active ingredients in a diverse array of pharmaceutical products. For instance, certain phytonutrients may function as antimicrobials, antioxidants, anti-inflammatory agents, and antifungal agents.

Other phytonutrients, including carotenoids, may also contribute to the prevention or treatment of cancer. Furthermore, it appears that certain compounds may provide protection against cardiovascular diseases and other chronic conditions.

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The greatest market is Europe.

Due to the growing consumer demand for plant-based food products, Europe is expected to dominate the global phytonutrients market with a substantial market share. Additionally, the market under investigation is expanding due to the increasing demand for plant-derived fortified food products throughout the nation.

The demand for non-GMO products has resulted in an expansion of the phytonutrient market in the region. Conversely, the market's sales of phytonutrient food products are being further bolstered by the rising disposable income of consumers.

In addition, phytonutrients are beneficial in the management of a variety of health issues, including cardiovascular diseases and gastrointestinal issues. As a result, the market is experiencing development due to the increasing geriatric population and the escalating health issues in the country. In addition, the market's expansion is influenced by government regulations regarding phytonutrients.

In accordance with this, phytonutrients have been granted regulatory sanction from the European Union and are classified as GRAS (Generally Recognised As Safe). Therefore, the market is expected to experience growth during the forecast period as a result of the rising health concerns, the increasing consumption of phytonutrient food products, and the favourable government regulations.

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