The global Phytochemicals market is projected to witness robust growth, with estimates reaching USD 9.80 billion in 2024, driven by rising consumer awareness about health-promoting phytochemicals and the increasing adoption of plant-based nutraceuticals. Asia-Pacific leads the phytochemicals market, fueled by expanding demand for functional foods, dietary supplements, and herbal medicine ingredients, while North America, particularly the U.S., remains a key market with strong consumption of bioactive compounds, antioxidant supplements, and natural phytochemicals. Trade regulations, including labeling standards for natural health ingredients and organic phytochemicals, play a critical role in market expansion, impacting both pharmaceutical phytochemicals and food fortification ingredients.
Phytochemicals overview
Published by MMR Statistics Research Team, Updated