Global Phytonutrients Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Phytonutrients are increasingly being acknowledged for their impacts on health and their role in preventing illnesses such as heart disease and cancer; they are now essential components in supplements and food products designed for health benefits or beauty enhancements. The market size for phytonutrients reached $5.2 billion in 2024; Analyst predict it will grow to $8.2 billion by 2030 and then to $12.1 billion by the year 2035 with an annual growth rate averaging at, around 7.9%.
Plant based bioactive substances like carotenoids and flavonoids have gained recognition for possessing antioxidant and anti inflammatory qualities well as potential anti cancer benefits. They are now commonly incorporated into health oriented goods to connect nutrition, with healthcare practices.
Market Key Insights
- The Phytonutrients market is projected to grow from $5.2 billion in 2024 to $11.2 billion in 2034. This represents a CAGR of 7.9%, reflecting rising demand across Functional Food Formulations, Dietary Supplements and Cosmetics.
DSM, BASF, Kemin are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Phytonutrients market and are expected to observe the growth CAGR of 5.1% to 7.6% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Korea are expected to observe highest growth with CAGR ranging between 9.1% to 10.9%.
Transition like Transition to Organic Products is expected to add $800.0 million to the Phytonutrients market growth by 2030
- The Phytonutrients market is set to add $6.0 billion between 2024 and 2034, with manufacturer targeting Dietary Supplements & Animal Nutrition Application projected to gain a larger market share.
- With Rising health awareness, and Sustainable ingredient sourcing, Phytonutrients market to expand 114% between 2024 and 2034.
Opportunities in the Phytonutrients
Personalized nutrition and product formulation solutions powered by AI allow companies such, as DSM to meet health requirements and foster advancements in the useage phytonutrients.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
The region leads the market with a presence in the nutraceutical and functional food sector, where major companies such, as DSM and Nestle drive progress through cutting edge technologies and collaborations.
Asia-Pacific Outlook
The quick acceptance and use of plant derived ingredients in beauty products and health supplements are driving the market expansion here in this area. Brands, like L’Oréal are using tailored approaches to reach out to growing numbers of customers.
Market Dynamics and Supply Chain
Driver: Rising Health Awareness, and Advancements in Nutraceuticals
The trend towards using plant based ingredients in food and beauty products is also driving the demand for phytonutrients sourced from organic materials with companies like BASF and DSM at the forefront, in producing sustainable ingredients.
Restraint: High Production Costs, and Lack of Consumer Awareness
Emerging markets face challenges in grasping the health advantages offered by phytonutrients hindering widespread acceptance, in those areas.
Opportunity: Emerging Markets for Cosmetics and Expanding Applications in Functional Foods
The increasing interest in food options creates new possibilities for adding phytonutrients to snacks, drinks and meal substitutes. Companies such, as Nestle are taking advantage of this emerging trend.
Challenge: Regulatory Challenges
Supply Chain Landscape
Bayer
Corteva Agriscience
DSM
Kemin
BASF
Cargill
Dietary Supplements
Functional Foods
Cosmetics
Bayer
Corteva Agriscience
DSM
Kemin
BASF
Cargill
Dietary Supplements
Functional Foods
Cosmetics
Applications of Phytonutrients in Functional Food Formulations, Dietary Supplements & Cosmetics
Companies such as BAS and Nestle are at the forefront when it comes to enhancing the health benefits in food products by adding phytonutrients, like flavonoids and carotenoids which can help strengthen the system and ward off long term illnesses in fortified beverages and snacks.
Carotenoids and phenolic compounds are frequently found in health supplements to support the well being of the heart and eyes with companies, like DSM and Herbalife creating formulas for specific health advantages.
Phytonutrients such as flavonoids and glucosinolates are commonly used in skincare products for the benefits they provide in terms of antioxidation and antiaging effects Companies, like L’Oréal. Amway are known for creating cosmetics that harness the power of these phytonutrients
Substances and plant sterols are essential in creating medications to control cholesterol levels and decrease inflammation with companies such as Abbott and GSK utilizing these components, for groundbreaking medical treatments.
Recent Developments
DSM introduced a formulation of carotenoids, with enhanced bioavailability to promote eye health.
Kemin developed a friendly method, for extracting phenolic compounds used in cosmetics.
BASF launched a phytonutrient blend targeting immunity in functional beverages