IMARC Group, a leading market research company, has recently releases report titled “Polyphenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” the global polyphenols market size eached US$ 2.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.
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Factors Affecting the Growth of the Polyphenol Industry:
- Health Consciousness:
The rising awareness among the masses about the health benefits offered by polyphenols represents one of the primary factors propelling the market growth. polyphenols have antioxidant properties, which help combat free radicals in the body and reduce oxidative stress. Additionally, the increasing consumption of products containing polyphenols provides various health benefits, such as improved heart health, reduced risk of chronic diseases like cancer and diabetes, and enhanced cognitive function. Along with this, the rising health consciousness among people and their growing preferences for natural and organic solutions to support their well-being are driving the market.
- Expansion of the Food and Beverage (F&B) Industry:
The continuous expansion of the food and beverage (F&B) industry is strengthening the growth of the market. Manufacturers are incorporating polyphenol-rich ingredients into their products to enhance their nutritional value and appeal to health-conscious consumers. In line with this, the leading market players are focusing on the development of functional beverages, including herbal teas, fruit juices, and energy drinks, which often contain polyphenol extracts for their potential health benefits. Furthermore, individuals are increasingly looking for convenient and tasty ways to incorporate health-promoting ingredients into their daily diets, and polyphenols offer a natural solution that aligns with this demand.
- Research and Innovation in Polyphenol Extraction and Applications:
Advancements in research and technology have led to innovations in polyphenol extraction methods and their applications across various industries. Scientists and researchers are continuously exploring new sources of polyphenols and improving extraction techniques to yield higher-quality and more potent polyphenol extracts. Apart from this, the expanding applications of polyphenols in formulating skincare products for their potential anti-aging and anti-inflammatory properties are driving the market. Moreover, the rising use of polyphenols in pharmaceuticals for their role in disease prevention and management is favoring the market growth.
Leading Companies Operating in the Global Polyphenol Industry:
- Ajinomoto Co. Inc.
- Aquanova AG
- Archer-Daniels-Midland Company
- Cargill Incorporated
- DÖHLER GmbH
- FutureCeuticals Inc.
- Givaudan SA
- Groupe Berkem
- Indena S.p.A.
- Kemin Industries Inc.
- Koninklijke DSM N.V.
- Martin Bauer GmbH & Co. KG
- Sabinsa Corporation
Polyphenol Market Report Segmentation:
By Source:
- Fruits
- Vegetables
- Cocoa
- Others
Fruits dominate the market due to the increasing awareness among people about the health benefits associated with polyphenol-rich fruits.
By Type:
- Apple
- Green Tea
- Grape Seed
- Others
Flavonoid represents the largest segment as it aids in reducing the risk of chronic diseases.
By Product Type:
- Flavonoid
- Resveratrol
- Phenolic Acid
- Others
Grape seed holds the largest market share due to their antioxidant properties and potential cardiovascular benefits.
By Form:
- Liquid
- Powder
- Others
On the basis of the form, the market has been segmented into liquid, powder, and others.
By Application:
- Functional Foods
- Dietary Supplements
- Functional Beverages
- Others
Functional beverages account for the majority of the market share due to the rising participation of individuals in health and wellness programs.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America’s dominance in the polyphenol market is attributed to the growing preferences of people in the region for healthier food and beverage choices.
Global Polyphenol Market Trends:
The increasing adoption of veganism and vegetarianism due to health reasons, ethical concerns, or sustainability goals is influencing the market positively. Polyphenols are naturally abundant in many plant-based foods, including berries, apples, dark leafy greens, and whole grains. In addition, the introduction of a variety of plant-based products that highlight their polyphenol content, such as berry-infused snacks and green tea-infused beverages is driving the market.
The escalating demand for natural and functional ingredients in consumer products is strengthening the growth of the market. Polyphenols, which are naturally occurring compounds found in a wide range of plant-based foods and beverages, fit perfectly into this trend.
Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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