PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1519330

PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1519330

Phytochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

PUBLISHED: July 18, 2024

PAGES: 275 Pages

DELIVERY TIME: 2-5 business days

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Description

The global phytochemicals market has shown robust growth trends over the years, driven by increasing adoption in various industries like food & beverages, pharmaceuticals, cosmetics, and nutraceuticals.Valued at $7.58 billion in 2024, the market is projected to reach $14.49 billion by 2031, reflecting a robust CAGR of 9.70%. Phytochemicals, derived from plants, offer natural solutions rich in antioxidants, phenolic acids, and other bioactive compounds, catering to growing consumer demand for health and wellness products globally.

Phytochemicals find extensive applications across diverse sectors. In the food & beverage industry, they serve as natural additives, enhancing flavor profiles, improving texture, and extending shelf life. They are widely used in bakery, dairy, beverages, and functional foods. The shift towards natural ingredients in food products has spurred the demand for phytochemicals, known for their nutritional benefits and antioxidant properties.

In pharmaceuticals, phytochemicals are valued for their medicinal properties, including anti-inflammatory, antimicrobial, and antioxidant effects. Plants like amla, ashwagandha, and bilberry are harnessed for their therapeutic benefits, supporting immunity, cardiovascular health, and even combating cancer. The pharmaceutical sector continues to explore plant extracts for novel drug developments and formulations, leveraging their biological activity and consumer preference for natural remedies.

The cosmetics and personal care industry utilizes phytochemicals for their skincare benefits. These natural compounds are incorporated into products for their moisturizing, anti-aging, and antioxidant properties. Extracts from plants like Lagerstroemia speciosa are favored for their ability to nourish skin and combat signs of aging, aligning with consumer demand for safe, effective skincare solutions.

Nutraceuticals, another key sector, utilizes phytochemicals in dietary supplements and functional foods. Consumers increasingly seek health-enhancing products, prompting the use of phytochemical-rich ingredients like carotenoids and polyphenols. These bioactive compounds contribute to cardiovascular health, reduce cancer risks, and support overall well-being, driving their incorporation into nutraceutical formulations worldwide.

The animal feed industry also benefits from phytochemicals, which are used to enhance animal health and productivity. Natural additives like phytosterols and flavonoids are recognized for their potential to improve feed efficiency and support animal growth without synthetic chemicals, aligning with trends towards sustainable agriculture and animal husbandry practices.

Regionally, the market dynamics vary significantly. In North America, the U.S. leads in phytochemical consumption, driven by a health-conscious aging population and the popularity of natural health supplements. The U.S. market dominance reflects a strong preference for phytochemical-rich products across diverse consumer demographics, bolstered by claims of health benefits and preventive properties against chronic diseases.

Innovations and research play a pivotal role in advancing the phytochemicals market. Companies like BASF SE and Chr. Hansen Holding A/S invest heavily in R&D to develop high-quality phytochemical products. These efforts focus on enhancing product efficacy, safety, and sustainability, catering to stringent regulatory standards and consumer expectations for natural, reliable ingredients.

Competitive Analysis

Key players in the global phytochemicals market are heavily investing in research and development to uncover new applications and ensure product quality and safety. Companies focus on innovation and customer satisfaction to maintain a competitive edge.

BASF SE: BASF SE emphasizes research and innovation, maintaining special units dedicated to advanced materials, process research, chemical engineering, and bioscience. These units continuously work on developing high-quality products.

Nektium: Nektium prioritizes research and innovation to enhance product efficiency and efficacy. The company rigorously tests its products to ensure quality and sources ingredients from certified suppliers.

Chengdu Biopurify Phytochemicals Ltd.: Chengdu Biopurify focuses on offering innovative and high-quality products. The company conducts extensive testing to meet quality standards and emphasizes customer satisfaction through efficient processes and timely delivery.

Chr. Hansen Holding A/S: In 2018, Chr. Hansen Holding A/S expanded its North American production facility for natural colors to cater to customer needs more effectively. This facility includes dedicated units for research, development, application, quality assurance, production, warehousing, marketing, and sales.

Key Companies Profiled

BASF SE
Chr. Hansen Holding A/S
DSM N.V.
Dohler GmbH
Kothari Phytochemicals & Industries Ltd.
Indena SPA
Phyto Life Sciences Pvt. Ltd.
Sabinsa Corporation
HimPharma
Kisalaya Herbals Ltd.
Chengdu Biopurify Phytochemicals Ltd.
FYTEXIA
Nektium
Linnea SA
K Patel Phyto Extractions Pvt. Ltd.
Herbochem
Naturex SA
Organic Herb Inc.

Phytochemicals Market by Category

By Type:

Carotenoids
Flavonoids
Phytosterols
Polyphenols
Others

By Application:

Food and Beverage Industry
Cosmetics and Personal Care Products
Pharmaceuticals
Nutraceuticals
Animal Feed
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

1. Executive Summary

1.1. Global Phytochemicals Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2019-2023

3.1. Global Phytochemicals Market Production Output, by Region, Value (US$ Bn) and Volume (Tons), 2019-2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2019-2023

4.1. Global Average Price Analysis, by Type, US$ Per Tons, 2019-2023
4.2. Prominent Factor Affecting Phytochemicals Prices
4.3. Global Average Price Analysis, by Region, US$ Per Ton

5. Global Phytochemicals Market Outlook, 2019-2031

5.1. Global Phytochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Carotenoids
  - 5.1.1.2. Flavonoids
  - 5.1.1.3. Phytosterols
  - 5.1.1.4. Polyphenols
  - 5.1.1.5. Others
5.2. Global Phytochemicals Market Outlook, by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Food and Beverage Industry
  - 5.2.1.2. Cosmetics and Personal Care Products
  - 5.2.1.3. Pharmaceuticals
  - 5.2.1.4. Nutraceuticals
  - 5.2.1.5. Animal Feed
  - 5.2.1.6. Others
5.3. Global Phytochemicals Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Phytochemicals Market Outlook, 2019-2031

6.1. North America Phytochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Carotenoids
  - 6.1.1.2. Flavonoids
  - 6.1.1.3. Phytosterols
  - 6.1.1.4. Polyphenols
  - 6.1.1.5. Others
6.2. North America Phytochemicals Market Outlook, by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Food and Beverage Industry
  - 6.2.1.2. Cosmetics and Personal Care Products
  - 6.2.1.3. Pharmaceuticals
  - 6.2.1.4. Nutraceuticals
  - 6.2.1.5. Animal Feed
  - 6.2.1.6. Others
6.3. North America Phytochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 6.3.1.2. U.S. Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 6.3.1.3. Canada Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 6.3.1.4. Canada Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Phytochemicals Market Outlook, 2019-2031

7.1. Europe Phytochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Carotenoids
  - 7.1.1.2. Flavonoids
  - 7.1.1.3. Phytosterols
  - 7.1.1.4. Polyphenols
  - 7.1.1.5. Others
7.2. Europe Phytochemicals Market Outlook, by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Food and Beverage Industry
  - 7.2.1.2. Cosmetics and Personal Care Products
  - 7.2.1.3. Pharmaceuticals
  - 7.2.1.4. Nutraceuticals
  - 7.2.1.5. Animal Feed
  - 7.2.1.6. Others
7.3. Europe Phytochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.2. Germany Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.3. U.K. Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.4. U.K. Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.5. France Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.6. France Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.7. Italy Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.8. Italy Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.9. Turkey Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.10. Turkey Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.11. Russia Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.12. Russia Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.13. Rest of Europe Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.14. Rest of Europe Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Phytochemicals Market Outlook, 2019-2031

8.1. Asia Pacific Phytochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Carotenoids
  - 8.1.1.2. Flavonoids
  - 8.1.1.3. Phytosterols
  - 8.1.1.4. Polyphenols
  - 8.1.1.5. Others
8.2. Asia Pacific Phytochemicals Market Outlook, by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Food and Beverage Industry
  - 8.2.1.2. Cosmetics and Personal Care Products
  - 8.2.1.3. Pharmaceuticals
  - 8.2.1.4. Nutraceuticals
  - 8.2.1.5. Animal Feed
  - 8.2.1.6. Others
8.3. Asia Pacific Phytochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.2. China Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.3. Japan Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.4. Japan Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.5. South Korea Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.6. South Korea Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.7. India Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.8. India Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.9. Southeast Asia Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.10. Southeast Asia Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.11. Rest of Asia Pacific Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.12. Rest of Asia Pacific Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Phytochemicals Market Outlook, 2019-2031

9.1. Latin America Phytochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Carotenoids
  - 9.1.1.2. Flavonoids
  - 9.1.1.3. Phytosterols
  - 9.1.1.4. Polyphenols
  - 9.1.1.5. Others
9.2. Latin America Phytochemicals Market Outlook, by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Food and Beverage Industry
  - 9.2.1.2. Cosmetics and Personal Care Products
  - 9.2.1.3. Pharmaceuticals
  - 9.2.1.4. Nutraceuticals
  - 9.2.1.5. Animal Feed
  - 9.2.1.6. Others
9.3. Latin America Phytochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.2. Brazil Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.3. Mexico Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.4. Mexico Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.5. Argentina Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.6. Argentina Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.7. Rest of Latin America Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.8. Rest of Latin America Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Phytochemicals Market Outlook, 2019-2031

10.1. Middle East & Africa Phytochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Carotenoids
  - 10.1.1.2. Flavonoids
  - 10.1.1.3. Phytosterols
  - 10.1.1.4. Polyphenols
  - 10.1.1.5. Others
10.2. Middle East & Africa Phytochemicals Market Outlook, by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Food and Beverage Industry
  - 10.2.1.2. Cosmetics and Personal Care Products
  - 10.2.1.3. Pharmaceuticals
  - 10.2.1.4. Nutraceuticals
  - 10.2.1.5. Animal Feed
  - 10.2.1.6. Others
10.3. Middle East & Africa Phytochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.2. GCC Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.3. South Africa Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.4. South Africa Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.5. Egypt Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.6. Egypt Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.7. Nigeria Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.8. Nigeria Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.9. Rest of Middle East & Africa Phytochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.10. Rest of Middle East & Africa Phytochemicals Market by Applications, Value (US$ Bn) and Volume (Tons), 2019-2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs Indication Heatmap
11.2. Company Market Share Analysis, 2024
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. BASF SE
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Chr. Hansen Holding A/S
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. DSM N.V.
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. Dohler GmbH
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Kothari Phytochemicals & Industries Ltd.
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Indena SPA
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. Phyto Life Sciences Pvt. Ltd.
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. Sabinsa Corporation
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. HimPharma
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development
- 11.4.10. Kisalaya Herbals Ltd.
  - 11.4.10.1. Company Overview
  - 11.4.10.2. Product Portfolio
  - 11.4.10.3. Financial Overview
  - 11.4.10.4. Business Strategies and Development
- 11.4.11. Chengdu Biopurify Phytochemicals Ltd.
  - 11.4.11.1. Company Overview
  - 11.4.11.2. Product Portfolio
  - 11.4.11.3. Financial Overview
  - 11.4.11.4. Business Strategies and Development
- 11.4.12. FYTEXIA
  - 11.4.12.1. Company Overview
  - 11.4.12.2. Product Portfolio
  - 11.4.12.3. Financial Overview
  - 11.4.12.4. Business Strategies and Development
- 11.4.13. Nektium
  - 11.4.13.1. Company Overview
  - 11.4.13.2. Product Portfolio
  - 11.4.13.3. Financial Overview
  - 11.4.13.4. Business Strategies and Development
- 11.4.14. Linnea SA
  - 11.4.14.1. Company Overview
  - 11.4.14.2. Product Portfolio
  - 11.4.14.3. Financial Overview
  - 11.4.14.4. Business Strategies and Development
- 11.4.15. K Patel Phyto Extractions Pvt. Ltd.
  - 11.4.15.1. Company Overview
  - 11.4.15.2. Product Portfolio
  - 11.4.15.3. Financial Overview
  - 11.4.15.4. Business Strategies and Development
- 11.4.16. Herbochem
  - 11.4.16.1. Company Overview
  - 11.4.16.2. Product Portfolio
  - 11.4.16.3. Financial Overview
  - 11.4.16.4. Business Strategies and Development
- 11.4.17. Naturex SA
  - 11.4.17.1. Company Overview
  - 11.4.17.2. Product Portfolio
  - 11.4.17.3. Financial Overview
  - 11.4.17.4. Business Strategies and Development
- 11.4.18. Organic Herb Inc.
  - 11.4.18.1. Company Overview
  - 11.4.18.2. Product Portfolio
  - 11.4.18.3. Financial Overview
  - 11.4.18.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

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