Summary

The global market for phytochemicals is witnessing substantial growth, driven by increasing demand across various industries such as food and beverage, cosmetics, pharmaceuticals, 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, are valued for their natural properties and health benefits, making them integral to diverse applications.

Market Growth Trends

The market is experiencing significant expansion, supported by the rising preference for natural ingredients in consumer products. In the food and beverage sector, phytochemicals serve as additives that enhance taste, texture, and shelf life. Similarly, their use in cosmetics and personal care products is driven by their moisturizing and anti-aging properties. The pharmaceutical industry utilizes phytochemicals for their therapeutic benefits, contributing to their growing popularity in global markets.

Key Drivers

One of the primary growth drivers is the increasing adoption of phytochemicals in the food and beverage industry. Consumers are increasingly opting for products with natural ingredients, attributing to the surge in demand for phytochemical-rich additives in various food segments including bakery, dairy, and functional foods. Additionally, the pharmaceutical sector utilizes phytochemicals for their medicinal properties, bolstering market growth globally.

Industry Applications

Phytochemicals find extensive applications across several sectors including food and beverages, cosmetics, pharmaceuticals, nutraceuticals, and animal feed. Their versatility in providing nutritional benefits and functional properties makes them indispensable across these industries. In cosmetics, for instance, phytochemicals are valued for their ability to nourish the skin and combat signs of aging, driving their incorporation into skincare formulations.

Regional Insights

The United States leads the North American market for phytochemicals, owing to robust consumer demand fueled by health-conscious trends and the popularity of natural ingredients. This region commands a significant market share, supported by a mature consumer base that prioritizes health and wellness products.

Market Dynamics

The market dynamics are characterized by extensive research and development efforts by key players to innovate and expand the application of phytochemicals. Companies like BASF SE and Chr. Hansen Holding A/S are at the forefront, leveraging technological advancements to enhance product quality and meet evolving consumer preferences. These efforts underscore the industry's commitment to delivering high-quality phytochemical products across diverse sectors.

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

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Table of Contents

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