Phytonutrients Market
Phytonutrients Market
The market for Phytonutrients was estimated at $4.23 billion in 2023; it is anticipated to increase to $7.2 billion by 2030, with projections indicating growth to around $10.5 billion by 2035.
Report Summary
Table of Contents
Methodology
Market Data
Global Phytonutrients Market Outlook
Revenue, 2023 (US$B)
$4.2B
Forecast, 2033 (US$B)
$9.0B
CAGR, 2023 - 2033
7.9%
The Phytonutrients industry revenue is expected to be around $4.9 billion in 2024 and expected to showcase growth with 7.9% CAGR between 2025 and 2034. <p>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 $4.2 billion in 2023; Analyst predict it will grow to $7.2 billion by 2030 and then to $10 billion by the year 2035 with an annual growth rate averaging at, around 7.9%.</p><p>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.</p>
Market Key Insights
- The Phytonutrients market is projected to grow from $4.2 billion in 2023 to $9.0 billion in 2033. 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 2023 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 $700.0 million to the Phytonutrients market growth by 2030
- The Phytonutrients market is set to add $4.8 billion between 2023 and 2033, with manufacturer targeting Vegetables & Grains Source projected to gain a larger market share.
- With Rising health awareness, and Sustainable ingredient sourcing, Phytonutrients market to expand 114% between 2023 and 2033.
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
<p>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.</p>
Asia-Pacific Outlook
<p>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.</p>
Market Dynamics and Supply Chain
01
Driver: Rising Health Awareness, and Advancements in Nutraceuticals
The rising interest among consumers in maintaining health and preventing illnesses is also fueling the need for phytonutrients in supplements and health promoting foods leading brands such, as Herbalife and Nestlé to develop new products aimed at boosting immunity and preventing chronic diseases. Advancements in how nutrientsre enclosed and absorbed by the body have also improved the effectiveness of plant based health supplements. Companies such as Kemin and Amway are also leading the way in innovation, within this industry.<br>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.
02
Restraint: High Production Costs, and Lack of Consumer Awareness
To obtain phytonutrients effectively demands the use technologies and top notch raw materials. This process can lead to increased expenses, for manufacturers.<br>Emerging markets face challenges in grasping the health advantages offered by phytonutrients hindering widespread acceptance, in those areas.
03
Opportunity: Emerging Markets for Cosmetics and Expanding Applications in Functional Foods
The growing popularity of skincare and beauty trends in the Asia Pacific region offers opportunities for cosmetics derived from plant nutrients.Corporations, like L’Oreal are introducing product series tailored to these markets.<br>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.
04
Challenge: Regulatory Challenges
Strict rules regarding health assertions and safety evaluations pose challenges, for introducing products in the nutra ceuticals and pharmaceutical sectors.
Supply Chain Landscape
1
Cultivation
Bayer
Corteva Agriscience
2
Extraction
DSM
Kemin
3
Manufacturing
BASF
Cargill
4
Applications
Dietary Supplements
Functional Foods
Cosmetics
1
Cultivation
Bayer
Corteva Agriscience
2
Extraction
DSM
Kemin
3
Manufacturing
BASF
Cargill
4
Applications
Dietary Supplements
Functional Foods
Cosmetics
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Phytonutrients in Functional Food Formulations, Dietary Supplements and Cosmetics
Functional Food Formulations
<p>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.</p>
Dietary Supplements
<p>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.</p>
Cosmetics
<p>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</p>
Pharmaceutical Applications
<p>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.</p>
Recent Developments
October 2024
<p>DSM introduced a formulation of carotenoids, with enhanced bioavailability to promote eye health.</p>
March 2024
<p>Kemin developed a friendly method, for extracting phenolic compounds used in cosmetics.</p>
January 2024
<p>BASF launched a phytonutrient blend targeting immunity in functional beverages</p>
Advances in the field include DSMs carotenoid mix and BASFs immunity enhancing blend that demonstrate innovation in phytonutrients for promoting health and well being; along, with Kemins eco conscious extraction method showcasing the sectors dedication to sustainable practices.
Impact of Industry Transitions on the Phytonutrients Market
As a core segment of the Pharmaceutical industry,
the Phytonutrients market develops in line with broader industry shifts.
Over recent years, transitions such as Transition to Organic Products and AI-Driven Nutritional Formulation have redefined priorities
across the Pharmaceutical sector,
influencing how the Phytonutrients market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Transition to Organic Products
Consumers are increasingly seeking out phytonutrients in products and this trend has sparked advancements in how these nutrients are sourced and extracted from plants organically. Companies such, as BASM and Kemin are actively investing in developing supply chains to meet this growing demand.
02
AI-Driven Nutritional Formulation
The implementation and utilization of intelligence are revolutionizing the phytonutrients sector by facilitating customized nutrition options and enhancing the efficiency, in product development.