USD 1.68 Billion
Report ID:
SQMIG15C2056 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
76
|Figures:
75
Global Polyphenols Market size was valued at USD 1.68 Billion in 2022 and is poised to grow from USD 1.80 Billion in 2023 to USD 3.19 Billion by 2031, at a CAGR of 7.4% during the forecast period (2024-2031).
The demand for natural and plant-based ingredients in the food, beverage, and dietary supplement industries is on the rise. Polyphenols, being derived from plant sources, align with this consumer trend. As consumers seek cleaner and more natural options, the demand for polyphenol-rich ingredients and products is increasing. Manufacturers are incorporating polyphenols into a wide range of products, including functional foods, beverages, supplements, and personal care products. The product's popularity is ascribed to its multiple health benefits, such as its ability to prevent diseases like diabetes, cancer, and aging. Furthermore, polyphenols are utilized in foods and beverages to supplement the diet with nutrients such as vitamins and minerals. Polyphenols include micronutrients & phytochemicals with antioxidant effects. Prebiotic characteristics are incorporated in the product, to boost the gut's population of bacteria in a way that is useful for overall health, weight control, and illness prevention.
Manufacturers are required to give new product options due to improvements in nutritional and medical goods that are also expected to boost sales during the forecast period. In 2021, the grapeseed sector dominated the marketplace in both revenue and volume. This is due to the product's usefulness in treating cardiovascular disorders, skin allergies, or eye diseases caused by diabetes and cancer.
Polyphenols are projected to gain traction in the field of functional foods first and foremost. They are termed functional foods because they provide health benefits that go beyond basic conventional nutrition. Changing demographics and increased health awareness are expected to have a favorable impact on the sector.
Global Market Size
USD 1.68 Billion
Largest Segment
Grape Seed
Fastest Growth
Green Tea
Growth Rate
7.4% CAGR
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The global polyphenols market is segmented on the basis of product, application, and region. Based on product, the market is segmented into grape seed, green tea, apple, peach, citrus, olive, berries, cocoa & coffee beans, potatoes, algae, pomegranate, and others. In terms of application, the market is segmented into functional beverages, functional foods, dietary supplements, cosmetics & toiletries, animal feed, dyes, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Polyphenols Market Analysis by Product
Grape seed products led the market in 2022, accounting for 44.1% of total sales. This is due to the fact that the seed is a byproduct of the grape juice and wine industries. Grape seed polyphenol extracts are high in antioxidants, which aid in the treatment of high cholesterol, as well as eye disorders connected with diabetes and cancer.
Green tea is the next most popular product category since it is a worldwide beverage that is widely eaten by health-conscious people. Green tea leaves include phenolic acids, flavonoids, & flavones that can account for up to 30% of their dry weight. Green tea consumption is good for treating health conditions such as excessive cholesterol, cancer, et atherosclerosis.
The cocoa & coffee bean segment is expected to grow as there is a clear correlation between wellness and cocoa antioxidants, owing to the considerable flavonoid concentration. Polyphenol extracts from cocoa & coffee beans are useful in the treatment of a variety of clinical conditions.
Polyphenols Market Analysis by Application
In 2022, the functional beverage applications category dominated the market, accounting for 32.7% of total revenue. This is due to the fact that functional drinks are rapidly becoming the most profitable application sector in the polyphenols business. They are stimulating drinks that help to prevent health problems in people of all ages. Over the projection period, functional beverages are expected to be driven by technological advancements and progress in product uptake.
Functional foods are predicted to be the market's second-largest application category. When ingested in sufficient quantities, functional foods have beneficial benefits on human beings, including better gut wellness and reduced inflammation in the intestines. increased consumer awareness of preventive healthcare due to reasons such as increased disposable income, rising consumer standard of life, and an aging population is expected to drive demand for the product.
Globally, life expectancy is increasing. One of the primary elements driving segment expansion is increased awareness of the function of nutrition in promoting overall well-being. Dietary supplements have grown in popularity among consumers looking for natural answers to a variety of health problems.
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Asia Pacific dominated the market with a 45.6% revenue share in 2022. This is due to increased nutritional enrichment awareness in China, and India is likely to be a positive factor for regional market growth. Because of its growing population & rising disposable income, Asia Pacific has one of the world's greatest functional food marketplaces. In recent years, the Chinese government has launched a number of campaigns that highlight the benefits of eating healthy food.
In Europe, increasing levels of obesity are creating a positive growth atmosphere for healthy functioning foods and beverages. The region's polyphenol industry is expected to benefit from increased consumer spending and an understanding of the health benefits of dietary supplements.
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Polyphenols Market Drivers
Increasing Consumer Awareness about Health Benefits
Growing Research and Development Activities
Polyphenols Market Restraints
High Production and Processing Costs
Lack of Standardized Regulations and Labeling
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The polyphenols market is fragmented in nature, with global and regional companies present. These companies are increasing their consumer base as well as brand loyalty through large acquisitions with mergers, marketing efforts, and product releases. Furthermore, these players are developing new products such as white oats, oat bran, wheat porridge, and 100.0% organic components in diabetes foods with no chemical or hazardous substance.
Polyphenols Market Top Player’s Company Profiles
Polyphenols Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global polyphenols market analysis, the demand for natural and plant-based ingredients in the food, beverage, and dietary supplement industries is on the rise. Polyphenols, being derived from plant sources, align with this consumer trend. As consumers seek cleaner and more natural options, the demand for polyphenol-rich ingredients and products is increasing. Manufacturers are incorporating polyphenols into a wide range of products, including functional foods, beverages, supplements, and personal care products. The product's popularity is ascribed to its multiple health benefits, such as its ability to prevent diseases like diabetes, cancer, and aging. Furthermore, polyphenols are utilized in foods and beverages to supplement the diet with nutrients such as vitamins and minerals. Polyphenols include micronutrients & phytochemicals with antioxidant effects. Prebiotic characteristics are incorporated in the product, to boost the gut's population of bacteria in a way that is useful for overall health, weight control, and illness prevention.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.68 Billion |
Market size value in 2031 | USD 3.19 Billion |
Growth Rate | 7.4% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Polyphenols Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyphenols Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyphenols Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyphenols Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG15C2056
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