The Latin America phytonutrients market size is expected to reach USD 372.06 million in 2024 and reach USD 532.66 million by 2029, growing at a CAGR of 7.44% from 2024 to 2029.
Phytonutrients, which are also called phytochemicals, are chemical substances produced by plants. Plants use these chemicals to stay healthy. For instance, a few phytonutrients protect plants from attacks by insects, while some others protect from radiation of UV rays.
Phytonutrients provide many benefits for humans eating plant foods. A few phytonutrient-rich foods are legumes, nuts, colorful fruits and vegetables, tea, whole grains, and some spices. They assist human health but are not thought of as nutrients that are essential for life processes, like protein, fats, carbohydrates, vitamins, and minerals. Among the advantages of phytonutrients are anti-inflammatory and antioxidant activities. Phytonutrients also repair DNA damage from exposure to toxins, increase immunity and intercellular communication, detoxify carcinogens, and alter estrogen metabolism.
The Latin American phytonutrients market is driven by factors like health benefits offered by them, such as reduction in blood pressure and improved vision, growing end-use applications, growing demand for functional food, and rising awareness about healthy foods, among others. Other factors such as rising health ailments due to changes in diet are also expected to drive the market growth.
This research report on the Latin American phytonutrients market is segmented and sub-segmented into the following categories:
Latin America Phytonutrients Market – By Application:
Latin America Phytonutrients Market – By Source:
Latin America Phytonutrients Market – By Type:
Latin America Phytonutrients Market – By Country:
Other parts of the region. Factors such as health benefits offered by phytonutrients and rising incidence of health ailments is expected to drive the market growth in the region.
KEY MARKET PLAYERS:
Some of the major players in the market include Raisio Plc. (Finland), FMC Corporation (U.S.), DSM N.V. (The Netherlands), Chr. Hansen A/S (Denmark) and BASF SE (Germany), Pharmachem Laboratories, Inc. (U.S.), Archer Daniels Midland Co. (U.S.), Cargill Inc. (U.S.), Allied Biotech Corporation (U.S.), Arboris, LLC (U.S.), Dohler Group (Germany), Carotech Berhad (Malaysia), and D.D. Williamson & Co. (U.S.).
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