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Phytonutrients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Phytonutrients Market: Overview

The term “phyto” originated from the Greek word meaning “plant”. Phytonutrients are certain specific, organic components found in plants provide health benefits. Phytonutrients are gaining importance globally due to their potential health benefits. Demand for these nutrients from fortified foods and dietary supplements industries is rising. Vegetables, legumes, nuts, grains and fruits are rich sources of phytonutrients. Phytonutrients are nutrients found in plants that get developed to protect the plants from damaging environments. Plants are exposed to excess ultraviolet rays, predator pests, toxins, and pollutants. This exposure results in generation of hazardous free radicals within plant cells. These free radicals can then bind to and damage proteins, cell membranes, and DNAs of the plant. Phytonutrients get developed simultaneously to shield the plant from this damage as well as provide them with color, flavor, and smell. Fruits and vegetables are concentrated sources of phytonutrients. Other plant foods such as whole grains, legumes/beans, nuts and seeds, and herbs and spices also contain phytonutrients.

The beneficial effects of phytonutrients will not be seen immediately, but over months or years. Phytonutrients and other healthy compounds like vitamins and minerals can only prevent or delay developing diseases. Phytonutrients are plant compounds such as carotenoids, lycopene, resveratrol, and phytosterols have health-protecting properties. They are found in plants (fruits and vegetables) or things made from plants such as tofu or tea. Phytochemicals are best taken in by eating the foods that contain them rather than supplements or pills. 

Phytonutrients Market: Dynamics and Trends

Consumption of a diet filled with a variety of vegetables can boost the effectiveness of phytonutrients, as different plants and vegetables contain different phytonutrients. When combined, they have a more positive effect on human bodies. Health benefits from consumption of phytonutrients include reduction in blood pressure and increase in vessel dilation, improved vision, decreased inflammation, decreased LDL (low density lipids) cholesterol, and prevention of cellular damage. Growing interest in health benefits and increasing end-use applications are key driving factors for the global phytonutrients market. Phytonutrients such as carotenoids protect the body against the risk of heart disease, stroke, blindness, and certain types of cancer. They may also help slow the aging process, reduce difficulties associated with diabetes, and improve lung utility.

The supplements are readily available and contain multiple phytonutrients. Rising demand for functional food coupled with growing awareness about health may support the growth of the phytonutrients market. Increase in health concerns among consumers owing to change in food habits may fuel the phytonutrients market in the food & beverages application. Growth of the phytonutrients market is due to increasing attention of consumers toward superior-quality foodstuffs, which is balanced in terms of nutrients.

Phytonutrients Market: Segmentation

The global phytonutrients market has been segmented by class (phytochemicals, medicinal plants, and herbs & spices), by type (carotenoids, phytosterols, flavonoids, phenolic compounds, and vitamin E), and by application (food & beverages, feed, pharmaceuticals, and cosmetics).

Phytonutrients Market: Region-wise Outlook

Europe dominates the global phytonutrients market, owing to strong outlook for health consciousness among consumers in this region. North America and Asia Pacific follow Europe.

Phytonutrients Market: Key Players

Key players operating in the global phytonutrients market include FMC Corporation, BASF SE, Pharmachem Laboratories Inc., DSM N.V., and Raisio Plc., Cargill, ADM, Chr. Hansen, Cyanotech, Kemin, Allied Biotech, Arboris, and Carotech Berhad.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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