Reports > Life Sciences > Phytonutrients Market Report
Phytonutrients Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the phytonutrients market from 2023 to 2033, including market trends, size, segmentation, regional insights, and key players. It aims to equip stakeholders with comprehensive data to make informed decisions.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.00 Billion |
| CAGR (2023-2033) | 5.5% |
| 2033 Market Size | $17.29 Billion |
| Top Companies | Nutraceutical International Corporation, Kemin Industries, Inc., Döhler Group, Sabinsa Corporation |
| Last Modified Date | 15 Nov 2024 |
Phytonutrients Market Report (2023 - 2033)
Phytonutrients Market Overview
What is the Market Size & CAGR of the Phytonutrients market in 2023-2033?
Phytonutrients Industry Analysis
Phytonutrients Market Segmentation and Scope
Request a custom research report for industry.
Phytonutrients Market Analysis Report by Region
Europe Phytonutrients Market Report:
Europe is anticipated to witness robust growth in the phytonutrients market, valued at $3.63 billion in 2023 and expected to expand to $6.28 billion by 2033. Consumers in this region are increasingly favoring clean labels and organic products, prompting manufacturers to invest in phytonutrient-enhanced offerings.Asia Pacific Phytonutrients Market Report:
In the Asia Pacific region, the phytonutrients market was valued at approximately $1.77 billion in 2023, expected to grow to $3.06 billion by 2033. This growth is attributed to the increasing adoption of functional foods among health-conscious consumers and the rising popularity of traditional herbal supplements. Countries like India and China are showing significant demand due to their rich phytochemical diversity and cultural inclination towards natural remedies.North America Phytonutrients Market Report:
North America holds a significant share in the phytonutrients market, with an estimated value of $3.24 billion in 2023, projected to reach $5.61 billion by 2033. The demand for dietary supplements, coupled with strong regulations supporting natural products in food, drives this regional market. The United States leads in terms of innovation and product development.South America Phytonutrients Market Report:
The South American phytonutrients market was valued at $0.18 billion in 2023 and is forecasted to reach $0.31 billion by 2033. Growth in this region is driven by the expanding food and beverage sector and the rising awareness about the health benefits of phytonutrients.Middle East & Africa Phytonutrients Market Report:
The Middle East and Africa are set to experience growth in the phytonutrients market from $1.18 billion in 2023 to $2.04 billion by 2033. The rising health concerns and growing nutrition awareness drive the demand for natural ingredients in food and supplements.Request a custom research report for industry.
Phytonutrients Market Analysis By Source
Global Phytonutrients Market, By Source Market Analysis (2023 - 2033)
Phytonutrients derived from fruits, vegetables, and herbs dominate the market. In 2023, fruits accounted for a market size of $6.49 billion, projected to grow significantly to $11.22 billion by 2033. Vegetables follow with a size of $2.52 billion, anticipated to reach $4.37 billion in the same period. Herbs have a smaller market share, valued at $0.99 billion in 2023 and expected to grow to $1.71 billion by 2033.
Phytonutrients Market Analysis By Type
Global Phytonutrients Market, By Type Market Analysis (2023 - 2033)
Flavonoids are a major category within phytonutrients, comprising a market of $6.49 billion in 2023, expected to rise to $11.22 billion by 2033. Carotenoids and glucosinolates contribute significantly as well, with market sizes of $2.52 billion and $0.99 billion respectively in 2023, projected to continue growing as health trends evolve.
Phytonutrients Market Analysis By Formulation
Global Phytonutrients Market, By Formulation Market Analysis (2023 - 2033)
The formulation segment includes capsules, powders, and liquids. Capsules dominate this segment, valued at $6.49 billion in 2023 and expected to reach $11.22 billion by 2033. Powders are also popular among consumers, currently valued at $2.52 billion and anticipated to grow to $4.37 billion. Liquids hold a smaller share with a market size of $0.99 billion in 2023, predicted to increase to $1.71 billion.
Phytonutrients Market Analysis By Application
Global Phytonutrients Market, By Application Market Analysis (2023 - 2033)
The applications of phytonutrients are extensive, ranging from food and beverages to pharmaceuticals and cosmetics. Food and beverages represent the largest segment, valued at $6.49 billion in 2023 and projected to grow to $11.22 billion by 2033, while the pharmaceutical application contributes significantly, with growth expected as manufacturers focus on integrating more natural ingredients into healthcare.
Phytonutrients Market Analysis By End User
Global Phytonutrients Market, By End-User Market Analysis (2023 - 2033)
Health-conscious consumers make up the primary end-user segment, with market values of $5.12 billion in 2023, anticipated to reach $8.86 billion by 2033. The food manufacturers and pharmaceutical companies also play crucial roles, currently valued at $2.40 billion and $1.24 billion respectively, highlighting the industry's diverse range of end-users.
Phytonutrients Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in the Phytonutrients Industry
Nutraceutical International Corporation:
A leader in the production of dietary supplements, Nutraceutical focuses on integrating phytonutrients into its diverse product offerings to enhance health benefits.Kemin Industries, Inc.:
Kemin is known for its innovative solutions in the nutritional and food ingredients market, specializing in high-quality phytonutrients derived from plants.Döhler Group:
Döhler is a global producer of natural ingredients, focusing on plant-based solutions that incorporate phytonutrients to meet the rising demand for healthy food options.Sabinsa Corporation:
Sabinsa specializes in marketing standardized herbal extracts and phytonutrients for dietary supplements and the food industry, emphasizing innovation and sustainability.We're grateful to work with incredible clients.
