The global polyphenols market size is expected to reach USD 2.9 billion by 2030, as per the new report by Grand View Research, Inc., registering a CAGR of 7.4% over the forecast period. Polyphenols are micronutrients and phytochemicals with antioxidant properties. These products are beneficial for health as they help cure many diseases like cancer, diabetes, neurodegenerative condition, and aging & skin-related problems. The product extracted from grape seeds has antioxidant properties, which play a significant role in beauty products and nutritional skin supplements. The rising awareness about the benefits of herbal products over synthetic drugs, coupled with an increasing demand for anti-aging products, is expected to boost the market growth during the forecast period.
Polyphenols Market Report Highlights
- In terms of volume Asia Pacific had the highest regional share in 2021 and is anticipated to grow at CAGR of 8.2% due to increase in awareness about nutritional enrichment among consumers.
- Consumption of Green Tea is beneficial for health related issue such as high cholesterol, cancer, and atherosclerosis.
- Functional food accounted for highest revenue share of 34.6% in 2021, due to its advantages on human body such as improved gut health and reduced intestinal inflammation.
- Functional Beverages application dominated the industry with 32.7% revenue share as they provide overall nutrition and well-being to consumers. It was valued at USD 448.8 million in 2021
- The key players in polyphenols industry include ADM, Naturex SA, Ajinomoto and Others. These companies dominate the market with their extensive presence throughout the value chain
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According to the Food and Drug Administration (FDA), grape seed is more effective than chemotherapy for the treatment of cancer. Thus, grape seed extract is anticipated to have high demand, on account of growing consumption in the food & beverage, cosmetics, and healthcare industries. The functional food & beverages segment accounted for the largest revenue share in 2021. Functional foods and beverages are enriched with functional nutrients to the basic nutritional values. With the increase in awareness about the benefits of maintaining good health, the consumption of healthy foods is increasing. This, in turn, is indirectly driving the product demand, thereby boosting the market growth.
Polyphenols Market Insights By Geographical Regions
Asia Pacific has one of the largest functional food markets owing to the burgeoning population and rising disposable income of the consumer. Rising awareness about nutritional enrichment in China, and India is expected to remain a favorable factor for the market growth in the region. Led by Germany and U.K., Europe emerged as the second-largest region in the global market. Growth in the nutraceutical industry is one of the major factors behind the development of this market. Central & South America is expected to witness a healthy growth over the forecast period. Increasing health consciousness of consumers due to effects of the Covid-19, rising geriatric population, and prevalence of chronic diseases like diabetes in this region are expected to fuel the demand for functional food & beverages and dietary supplement products.
Polyphenols Industry Analysis By Major Companies
The rising awareness levels about following a healthy lifestyle are leading to the high demand for polyphenols due to their health benefits. This, in turn, is in increasing the competition among manufacturers impelling them to enhance their production capacities. Some of the prominent companies operating in the global polyphenols market include:
- Archer Daniels Midland (ADM)
- Naturex SA
- Diana Foods
- Indena S.p.A
- Ajinomoto Co. Inc.
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Polyphenols Market Segmentation
Grand View Research has segmented the global polyphenols market on the basis of product, application, and region:
- Polyphenols Product Outlook (Volume, Tons; Revenue, USD Million, 2018 – 2030)
- Polyphenols Application Outlook (Volume, Tons; Revenue, USD Million, 2018 – 2030)
- Polyphenols Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 – 2030)
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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