Polyphenol Market: By Product Type (Apple, Green Tea, Grape Seeds, Others), By Type (Flavonoid, Resveratrol, Phenolic Acid, Lignin), By Application (Functional Beverages, Functional Foods, Dietary Supplements, Others) And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Global Polyphenol Market to surpass USD 3.3 billion by 2031 from USD 1.7 billion in 2021 at a CAGR of 6.6% in the coming years, i.e., 2021-2031.
Polyphenols are micronutrients found in plants naturally. Many supplements include them, but you can also acquire them in your diet by eating fruits, teas, vegetables, and spices. They have the ability to act as antioxidants, which means they can neutralize dangerous free radicals that would otherwise damage your cells and increase cancer risk, heart disease, and diabetes. The amount and type of polyphenols found in foods are determined by several factors, including the food's origin, maturity, and how it was grown, transported, stored, and prepared. Polyphenol-containing supplements are also available. They are, however, likely to be less helpful than diets high in polyphenols.
Global Polyphenol Market is expected to touch a notable CAGR of 6.6% by 2031
Global Polyphenol Market to surpass USD 3.3 billion by 2031 from USD 1.7 billion in 2021 at a CAGR of 6.6% in the coming years, i.e., 2021-2031. Growing customer knowledge of the health advantages of polyphenols is one of the major driving factors of the Global Polyphenol Market. Also, the rising preference for polyphenols that are extracted from herbal products over synthetic products is driving the market. Furthermore, expanding polyphenol applications and rising health concerns are projected to open up new prospects in the near future.
Grape Seeds segment is expected to lead the market with the highest CAGR
On the basis of Product Type, the Global Polyphenol Market is divided into Apple, Green Tea, Grape Seeds, and Others. Owing to high production volume and comparatively low market prices, the grape seed segment has the largest market share. During the polyphenol market prediction period, however, the apple polyphenol sector is predicted to increase at the quickest rate.
Dietary Supplements segment is predicted to grow with the highest CAGR for the forecasted period
On the basis of application, the Global Polyphenol Market is segmented as Functional Beverages, Functional Foods, Dietary Supplements, and Others. Functional beverages are the fastest-growing market, owing to a rise in customer demand for plant-based goods and nutrients. Owing to the significant consumption of sunflower protein by consumers, the dietary supplements segment is projected to be the most dominant segment of the market.
Growing technological improvement in the extraction processes is majorly driving the market growth
The worldwide polyphenols market is predicted to increase rapidly during the forecast period, owing to an aging population in key economies and technological advancements in the polyphenol extraction process. In addition, the increased demand for polyphenols in foods and beverages, such as dietary supplements, functional drinks, and functional meals, is a major driver of market expansion, owing to the numerous health benefits they provide.
Rising awareness of health benefits among consumers is also driving the market
The worldwide polyphenol market is growing due to increased consumer knowledge of the health advantages of polyphenols and a preference for polyphenols extracted from herbal items over synthetic alternatives.
Complicated extraction process and availability of substitutes are a few market restraints
The worldwide polyphenol market is hampered by high polyphenol prices and the complicated process of extracting polyphenols from numerous sources. Another factor that may limit the market's growth during the projection period is the cheap availability and rising use of numerous substitutes with similar qualities to polyphenols.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Geographically, the Global Polyphenol Market is segmented into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The largest geographic market was the Asia Pacific, followed by North America. China, India, South Korea, and Japan are expected to generate significant product demand in the next years as a result of rising health awareness among a growing diet-conscious population looking for functional benefits in all foods they eat. In the Asia Pacific, the market is likely to be driven by a rising population and increased awareness of polyphenol's health advantages.
With bottlenecks in farm labor, processing, transportation, and logistics, as well as significant swings in demand, the COVID-19 epidemic has put unprecedented strains on food supply networks. In the face of these challenges, food supply chains showed extraordinary resilience. The impact on agricultural sectors, such as fruits, vegetables, spices, and tea, is minor in some countries but significant in others; this, in turn, is likely to put pressure on the global polyphenol market's whole supply chain in the medium term.
Global Polyphenol Market Report Scope and Segmentation
Market size value in 2021
USD 1.7 billion
Revenue forecast in 2031
USD 3.3 billion
CAGR of 6.6% from 2021 to 2031
Base year for estimation
Revenue in USD million and CAGR from 2021 to 2030
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product Type, Type, Application, and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
Ajinomoto Co., Inc., Aquanova AG, Archer-Daniels-Midland Company, Botaniex, Inc., Chongqing kerui nanhai pharmaceutical co., ltd, Martin Bauer GmbH & Co. KG, Indena S.p.A., FutureCeuticals, Inc., Glanbia Nutritionals, Inc., and CPC Ingredients Ltd. And Other Prominent Players
Global Polyphenol Market size was estimated at USD 1.7 billion in 2021 and is expected to reach USD 3.3 billion in 2031.
Polyphenols are a category of chemicals that naturally occur in plants. Many of the health benefits associated with polyphenols are related to their role as antioxidants.
The Grape Seeds segment accounted for the largest Global Polyphenol Market share.
Key players in the Global Polyphenol Market include Ajinomoto Co., Inc., Aquanova AG, Archer-Daniels-Midland Company, Botaniex, Inc., Chongqing kerui nanhai pharmaceutical co., ltd, Martin Bauer GmbH & Co. KG, Indena S.p.A., FutureCeuticals, Inc., Glanbia Nutritionals, Inc., and CPC Ingredients Ltd.
Growing technological improvement in the extraction processes of Polyphenol and raising awareness of health benefits among consumers are majorly driving the market.
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