Phytonutrients Market Growth Accelerated by Increase in Consumer...

Phytonutrients Market Growth Accelerated by Increase in Consumer Health Awareness

Posted 2024-02-07 10:00:01

Phytonutrients are naturally occurring compounds found in plants that provide health benefits beyond basic nutrition. Common compounds include flavonoids, carotenoids, stilbenoids, phenolic acids, and isothiocyanates. These compounds are associated with reducing the risk of chronic diseases like cancer and cardiovascular disease. Increasing consumer awareness about links between diet and health have fueled demand for phytonutrient-rich foods and dietary supplements. The global Phytonutrients Market is estimated to be valued at US$ 8619.5 Bn in 2024 and is expected to exhibit a CAGR of 20% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increase in consumer health awareness has accelerated the demand for phytonutrient-rich products in recent years. Research shows phytonutrients protect against oxidative stress and help regulate cell-signaling pathways related to inflammation. With growing health consciousness, consumers are increasingly substituting heavily processed foods with plant-based whole foods and supplements containing phytonutrients. This shift towards proactive healthcare through diet has boosted the phytonutrients market growth significantly. Varieties of innovative delivery formats such as beverages, ready-to-eat snacks, and nutrient strips have also expanded the market reach.

Segment Analysis
The global phytonutrients market is dominated by the carotenoids segment. Carotenoids are red, orange, and yellow pigments found in plants. They have antioxidant properties and provide the plants color. Lycopene, lutein, beta-carotene, and astaxanthin are some of the major carotenoid phytonutrients. Carotenoids prevent oxidation in the body and have been linked to reducing risk of chronic diseases. They are widely used as coloring agents and supplement ingredients. Increasing awareness about benefits of carotenoids is driving the segment's growth.

Key Takeaways
The Global Phytonutrients Market Share is expected to witness high growth during the forecast period of 2024 to 2031.

Regional analysis indicates that Asia Pacific region currently hold the largest share and is expected to maintain its dominance during the forecast years. Countries like India, China are witnessing high demand for phytonutrient foods and supplements. The region is also a major producer of phytonutrient crops like tomatoes, carrots which aid market growth.

Key players operating in the phytonutrients market are Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, and the Mobility House GmbH. These players are focusing on new product launches and partnerships to strengthen their market presence.

For more details on the report, Read- https://www.rapidwebwire.com/phytonutrients-market-growth-demand-and-overview/

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