The size of Flavonoids Phytonutrients Market worldwide reached USD 5.46 Billion in 2022, and it is projected to experience a rapid growth in revenue at a CAGR of 7.3% throughout the forecast period. The increasing awareness surrounding the health benefits associated with phytonutrients, along with advancements in research and development (RD), a growing preference for natural and organic products, and the rising demand for functional foods and nutraceuticals, are significant drivers contributing to the expansion of market revenue.
Phytonutrients are natural substances found in plant-based foods like vegetables, fruits, whole grains, and legumes. These naturally occurring compounds within plants collaborate with other essential nutrients to support and enhance overall well-being. Moreover, the rising global population's demand for food and beverages (FB) and animal feed further propels the market growth, as phytonutrients are utilized as antioxidants in animal feed. This factor is expected to contribute to the increase in market revenue during the forecast period.
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Top Companies:
ADM, BASF SE, Cargill, Incorporated, Chr. Hansen Holding A/S, DSM, Cyanotech Corporation., FMC Corporation, Kemin Industries, Inc., Allied Biotech Corporation, Arboris, and DÖHLER.
Trends of Flavonoids Phytonutrients Market
- Growing Interest in Health and Wellness: There has been a growing awareness among consumers about the importance of a healthy diet and the role of phytonutrients in promoting overall well-being. This has led to an increased demand for foods and supplements rich in phytonutrients.
- Plant-Based and Natural Products: Consumers have been shifting towards plant-based diets and seeking natural, plant-derived sources of phytonutrients. This has driven the demand for fruits, vegetables, nuts, and seeds, which are rich sources of phytonutrients.
- Functional Foods and Beverages: The food and beverage industry has been incorporating phytonutrients into a wide range of products, including functional foods and beverages. These products are marketed for their health-promoting properties, such as antioxidants, anti-inflammatory effects, and immune system support.
- Clean Label and Transparency: Consumers have been increasingly seeking products with clean labels, which means they want to know where their phytonutrients are sourced and how they are processed. Brands that can provide transparency and authenticity in their sourcing and production methods have an advantage.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Flavonoids Phytonutrients Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Flavonoids Phytonutrients Market is provided to gain a deeper understanding of its growth and progress.
The global Flavonoids Phytonutrients Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2032)
- Carotenoids
- Phytosterols
- Flavonoids
- Phenolic Compounds
- Vitamin E
- Others
Source Outlook (Revenue, USD Billion; 2019-2032)
- Herbs Trees
- Fruits Vegetables
- Cereal, Pulses, and Oilseeds
- Others
Application Outlook (Revenue, USD Billion; 2019-2032)
- Pharmaceuticals
- Food Beverages (FB)
- Cosmetics
- Others
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