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Phytonutrients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Phytonutrients Market is segmented by Type (Carotenoids, Phytosterols, Flavonoids, Phenolic Compounds, Vitamin E), By Application (Food & Beverages, Pharmaceuticals, Cosmetics, Feed, Others), and Geography.

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Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 7.1 %

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Market Overview

The global phytonutrients market is projected to grow at a CAGR of 7.1% during the forecast period (2020 - 2025).

  • The nutrients or certain compounds that are found in the plants whose consumption provides health benefits are known as phytonutrients. Owing to the factor that the consumption of the phytonutrients is very healthy its popularity is growing globally. 
  • The industries where fortified foods or dietary supplements are produced are having a huge demand for the phytonutrients. The rich sources of phytonutrients are legumes, grains, vegetables, nuts, and fruits. The phytonutrients that are found in the plants get developed to protect the plants from the harmful environmental changes.

 

Scope of the Report

The global phytonutrients market is segmented by type and application. Based on type, the market is segmented into carotenoids, phytosterols, flavonoids, phenolic compounds, vitamin E. based on application, the market is segmented into food & beverages, pharmaceuticals, cosmetics, feed, others. Based on geography, the study provides an analysis of the phytonutrients market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
Carotenoids
Phytosterols
Flavonoids
Phenolic Compounds
Vitamin E
By Application
Food & Beverages
Pharmaceuticals
Cosmetics
Feed
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Growing Demand for Phytonutrients in Pharmaceutical Industry

The growing pharmaceuticals industry with the increasing usage of phytonutrients in reducing diabetes and related problems along with the need for slowing down the aging process. For instance, the University of California Los Angeles had carried out a study that revealed daily consumption of pomegranate juice helps in increased stability of the prostate antigens in the prostate cancer survivors with an approximate measure of 4times. In addition, rapidly increasing blindness, cancer, heart diseases, and stroke cases is further stimulating the demand and supply of phytonutrients. All these factors increase the probability of phytonutrients being utilized in dietary supplements and pharmaceutical drugs.

phytonutrients market1

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Europe Market Holds the Major Market Share

Europe dominated the global phytonutrients market in 2018. Dietary supplements and food products are the major application segments in the European market, attributable to the rising fitness awareness among consumers in the United Kingdom and Germany. In North America, plant nutrition demand has witnessed a significant increase in the past few years, owing to the growing awareness about the health benefits of plant-based products. The market in the Asia Pacific is expected to grow significantly owing to the growing exports and domestic demand for plant-based ingredients. China is one of the largest producers of plant-based ingredients in the region due to the easy availability of raw materials in the country. Also, growth in pharmaceutical, cosmetics, animal feed, and food & beverage industries is likely to propel the demand for phytonutrients from developing economies such as China, India, Indonesia, Malaysia, and South Korea over the next few years.

phytonutrients market2

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Competitive Landscape

Some of the major ky players in phytonutrients market, globally includes Archer Daniels Midland Company, Chr. Hansen Holding A/S, KEMIN INDUSTRIES INC., Takasago International Corporation, CYANOTECH CORPORATION, among others.

PHYTONUTRIENT

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Carotenoids

      2. 5.1.2 Phytosterols

      3. 5.1.3 Flavonoids

      4. 5.1.4 Phenolic Compounds

      5. 5.1.5 Vitamin E

    2. 5.2 By Application

      1. 5.2.1 Food & Beverages

      2. 5.2.2 Pharmaceuticals

      3. 5.2.3 Cosmetics

      4. 5.2.4 Feed

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Archer Daniels Midland Company

      2. 6.4.2 BASF SE

      3. 6.4.3 Chr. Hansen Holding A/S

      4. 6.4.4 DSM Nutritional Products Ltd

      5. 6.4.5 CYANOTECH CORPORATION

      6. 6.4.6 KEMIN INDUSTRIES INC.

      7. 6.4.7 Allied Biotech

      8. 6.4.8 Takasago International Corporation

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Phytonutrients Market market is studied from 2016 - 2026.

The Phytonutrients Market is growing at a CAGR of 7.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Archer Daniels Midland Company, BASF SE, Chr. Hansen Holding A/S, DSM Nutritional Products Ltd, CYANOTECH CORPORATION are the major companies operating in Phytonutrients Market.

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