Phytonutrient Ingredients Market Size & Share Analysis

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Data Bridge Market Research analyses that the phytonutrient ingredients market was valued at USD 5.00 billion in 2021 and is expected to reach the value of USD 9.25 billion by 2029, at a CAGR of 8.00% during the forecast period.

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Phytonutrient Ingredients Market Analysis and Size

The use of phytonutrients is becoming increasingly popular due to their health benefits. Phytonutrients are in high demand in industries that produce fortified foods or foods. Phytonutrients are abundant in legumes, grains, vegetables, nuts, and fruits. Plant phytonutrients are created to protect plants from harmful environmental changes.

Data Bridge Market Research analyses that the phytonutrient ingredients market was valued at USD 5.00 billion in 2021 and is expected to reach the value of USD 9.25 billion by 2029, at a CAGR of 8.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Phytonutrient Ingredients Market Scope and Segmentation

REPORT METRIC

DETAILS

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Phenolic Compounds, Betalains, Monoterpenes, Lignans, Carotenoids, Flavonoids, Vitamin E, Alkaloids, and Anthocyanins), Application (Pharmaceuticals, Feed, Food & Beverages, and Cosmetics), Source  (Herbs & Trees, Fruits & Vegetables, and Cereals, Pulses and Oilseeds),

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

Givaudan (Switzerland), International Flavors & Fragrances Inc (U.S.), Symrise (Germany), Sensient Technologies Corporation (U.S.), Synthite Industries Ltd (India), Synergy Flavors Inc. (U.S.), Döhler Group (Germany), Indesso (Indonesia), Vidya Herbs (India), Nutra Green Biotechnology Co., Ltd. (China) BASF SE (Germany), Dohler GmbH (Germany), FMC Corporation (U.S.), Cyanotech Corporation (U.S.)

Opportunities

  • Technological advancements and improvements in the plant extraction process
  • Rapid urbanization, population growth, the availability of a wide range of products
  • New market entrants and the expansion of existing market players' product lines

 

Market Definition

Plants contain biologically active compounds known as phytonutrients. These nutrients are beneficial to human health and can be obtained through a plant-based diet. Carotenoids, flavonoids, phenolic compounds, and vitamins are some of the most important phytonutrients. These nutrients have a variety of health benefits, including lower risk of chronic diseases, increased immunity, and protection against oxidative stress.

Global Phytonutrient Ingredients Market Dynamics

Drivers

  • Growing demand from the food and beverage industry due to its numerous health benefits

Phytonutrients are commonly used as a nutrient additive in bakery products, yoghurts, spreads, margarines, sausages, milk, and spicy sauces. Consumers' changing lifestyles and food habits are expected to increase demand for phytonutrient products. Phytonutrients' numerous health benefits, including anti-inflammatory, anti-viral, anti-bacterial, and anti-oxidant properties, also encourage their increased use. Changes in global consumer consumption patterns and rising disposable income are also expected to fuel the growth of the phytonutrients market.

  • Growing application from the pharmaceutical industry

Plant extracts are widely used in the pharmaceutical industry due to their beneficial properties, which helps the market remain profitable. The antibacterial effect of phytonutrients, particularly for treating age-related disorders like memory loss, immune disorders, and osteoporosis, is contributing to an increase in demand for plant extract for medicine manufacturing. Furthermore, the increasing regulatory requirements for using plant extracts as phyto medicine are expected to provide lucrative market opportunities for the growth of the phytonutrient ingredients segment, which is expected to boost demand over the forecast period.

Opportunities

Technological advancements and improvements in the plant extraction process increase a company's production capability and allow it to extract various components from plants efficiently and at a low cost and effort, resulting in new market entrants and the expansion of existing market players' product lines. For instance, new technological advancements in cannabis extraction production methods were made in 2019. With the introduction of high-tech manufacturing equipment and chemical apparatus, the cannabis industry is able to move away from traditional extraction techniques and experiment with new and innovative approaches. This has allowed the introduction of new cannabis extracts to the market, such as oral tinctures, wax concentrates, and vape oils.

Access Full PDF Research Report @  https://www.databridgemarketresearch.com/reports/global-phytonutrient-ingredients-market

The phytonutrient ingredients market is segmented on the basis of type, source, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Phenolic Compounds
  • Betalains
  • Monoterpenes
  • Lignans
  • Carotenoids
  • Flavonoids
  • Vitamin E
  • Alkaloids
  • Anthocyanins

Sources

  • Herbs & Trees
  • Fruits & Vegetables
  • Cereals
  • Pulses & Oilseeds

Application

  • Pharmaceuticals
  • Feed
  • Food & Beverages
  • Cosmetics

Table of Contents for a Phytonutrient Ingredients Market Research Article:

  1. Introduction
    • Background and Overview
    • Objective of the Study
    • Scope of the Phytonutrient Ingredients Market Research
  2. Methodology
    • Data Collection
    • Data Analysis
    • Research Approach
    • Sampling Techniques
    • Research Instruments
  3. Executive Summary
  4. Phytonutrient Ingredients Market Overview
    • Phytonutrient Ingredients Market Definition
    • Phytonutrient Ingredients Market Segmentation
    • Phytonutrient Ingredients Market Size and Growth Rate
    • Phytonutrient Ingredients Market Dynamics
      • Drivers
      • Restraints
      • Opportunities
    • Porter's Five Forces Analysis
  5. Phytonutrient Ingredients Market Trends and Insights
    • Emerging Technologies
    • Consumer Behavior and Preferences
    • Regulatory Landscape
    • Competitive Analysis
  6. Phytonutrient Ingredients Market Segmentation
    • Product Type
    • Application
    • Region
    • End-User
    • Other Relevant Segments
  7. Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  8. Competitive Landscape
    • Phytonutrient Ingredients Market Share Analysis
    • Key Players Profiles
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Recent Developments

Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-phytonutrient-ingredients-market

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