ID: MRFR/CnM/4388-HCR | February 2023 | Region: Global | 100 Pages
Polyphenol Market is projected to be worth USD 3.0 Billion by 2030, registering a CAGR of 5.20% during the forecast period (2021 - 2030).
$3.0 Billion
5.20%
Europe
2021 - 2030
Polyphenol market is expected to grow USD 2.8 billion during the forecast 2021-2030.Polyphenols naturally exist in plants as the micronutrient. Polyphenols are collectively called as phytochemicals because it is a group of nearly 500 unique types. Moreover, polyphenols have anti-inflammatory and antioxidants properties. So, these are extensively used for the treatment of chronic cancer, diabetes, and cardiovascular diseases. Therefore, Polyphenols are increasing demand across various regions as it is considered to be healthy consumption. Hence, the increasing awareness about gaining health benefits is driving the growth of the Global Polyphenol Market. Apart from that, polyphenols are widely used in cosmetics & personal care products like skin whitening, moisturizers, and anti-wrinkle products due to their antioxidant properties. Further, the Polyphenol Market is driving its growth factor due to the increasing health awareness and health issues amongst the geriatric population in the world’s population.
Polyphenols are also helpful in intestinal & hepatic conjugation, plasma transport, and promoting healthy bone and brain growth. In the Indian subcontinent, one of the polyphenols, i.e., pomegranate peel, are extensively used in non-synthetic fabrics as dyes. Moreover, polyphenol also works as renewable substitutes for non-renewable food dyes like propyl gallate, silicon dioxide, tartrazine, sodium nitrite, and others. Moreover, the European Food Safety Authority (EFSA) has approved the polyphenol usages for the safety of the food and feed chain and to ensure the health of European consumers. This might drive the growth of the Global Polyphenol Market.
The Global Polyphenol Market Report explains that the increasing research and development activities in medical and nutrition are predicted to boost the global market's growth. For instance, the report has covered the market overviews, market segments, competitive analysis, COVID-19 analysis, and recent developments. So, it can help to understand the global restraints, challenges, and growth factors across various regions. Moreover, the Asia Pacific region is dominating the Global Polyphenol Market due to the increasing health concerns among the old and young population. Further, the key players are playing an important role in expanding the global market growth and efficiency for the forecast period of 2023.
COVID-19 Impact on Global Market:
COVID-19 Pandemic is a global pandemic that has affected many regions. It has brought lots of destruction to the business and marketing field. And Global Polyphenol Market was one among them. Due to COVID-19 guidelines and lockdown implementations across various regions, the global market has faced a halt. The lack of transportation and workforce had stopped the growth of the global market. So, the large productivity and investors have been impacted.
The Polyphenol Market Analysis Report Highlights that the Global Key Players are working on these issues to boost up their productivity. The global market is also involving more key players to grab more opportunities.
Competitive Analysis:
There are Many Top-Performing Key Players in the Global Polyphenols Market, such as:
Market Dynamics:
Polyphenols have anti-inflammatory and antioxidants properties. So, these are widely used for the treatment of chronic cancer, diabetes, and cardiovascular diseases. Hence the increasing awareness about gaining health benefits is driving the growth of the Global Polyphenol Market.
Moreover, the European Food Safety Authority (EFSA) has approved the polyphenol usages for the safety of the food and feed chain and to ensure the health of European consumers. This might drive the growth of the Global Polyphenol Market.
The Polyphenol Market has many dietary supplements, functional food & beverage, pharmaceuticals, cosmetics, and others. These increasing applications are bringing more opportunities to the global market. They are using advanced technology and innovations to propel the growth of the global market.
The Polyphenol Market Analysis Report highlights that the global market is involving more key players to grab more opportunities.
The increasing awareness about gaining health benefits is driving the growth of the global market. Hence, its increasing demand leads to increase supply and limited time constraints that can be the major restraints for the Polyphenol Market.
The Polyphenol Market Analysis Report highlights that another global restraint was the COVID-19 pandemic. The lack of transportation and workforce had stopped the growth of the global market. So, the large productivity and investors have been impacted. Thus, the global market is also involving more key players to grab more opportunities.
The increasing demand for polyphenol across various regions requires more suppliers within a short period of time, which might bring more challenges for the Polyphenol Market.
The Polyphenol Market Report explains that another global challenge was the COVID-19 pandemic. It has lost its customers, investors, and productivity. Further, the key players are playing an important role in expanding the global market growth and efficiency for the forecast period of 2023.
Regionally, the Asia Pacific region is dominating the Global Polyphenol Market due to the increasing health concerns among the old and young population. Moreover, the European Food Safety Authority (EFSA) has approved the polyphenol usages for the safety of the food and feed chain and to ensure the health of European consumers.
Further, the Polyphenol Market’s Key Players are playing an important role in expanding the global market growth and efficiency for the forecast period of 2023.
Global Polyphenol, by the Application (%):
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Source: MRFR Analysis
Market Segmentation Overview:
Based on the Source Segment, the Polyphenol Market is classified into different sources: fruits, nuts, legumes, vegetables, whole grains, spices, beverages, and others.
These sources are rich in anti-inflammatory and antioxidants properties, which is increasing its demand in the Polyphenol Industry.
The Polyphenol Market is classified into stilbenes, flavonoids, phenolic acids, and lignans based on the Type Segment.
The Polyphenol Market’s Type segments are useful for diverse applications due to their better functions and quality work.
Based on the Application Segmentation, the Polyphenols Market has various applications such as dietary supplements, functional food & beverage, pharmaceuticals, cosmetics, and others.
Further, the Polyphenol Industry report explains that the global market is growing its Polyphenol Market Share due to the increasing health awareness.
Regional Analysis:
Based on the Regional Classification, the Polyphenols Market has been segmented into various regions such as Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Regionally, the Asia Pacific region is dominating the global Polyphenol market due to the increasing health concerns among the old and young population. Here, developing countries like China and India are predicted to generate the largest Polyphenol Market Share due to the region's increasing food & beverage industry. Moreover, North America is taking up the second-largest position in generating the growth of the Polyphenol Market Size. This region is growing the demand for polyphenol due to the high penetration of polyphenols in pharmaceuticals, cosmetics, and personal care products. Along with that, the European region is also growing its demand due to the increasing awareness about gaining health benefits. Further, Latin America is also contributing to the growth of the Polyphenol Market Size due to the increasing health awareness and change in consumption patterns in this region.
Out of all these market key players, Ajinomoto, Naturex, and Frutarom are dominating the Global Polyphenols Market. These key players are boosting up the market growth by adopting various advanced methods and technologies.
Recent Developments:
Report Overview:
The Global Polyphenol Market Report explains that the increasing research and development activities in medical and nutrition are predicted to boost the global market's growth. For instance, the report has covered the market overviews, market segments, competitive analysis, COVID-19 analysis, and recent developments so that it can help to understand the global restraints, challenges, and growth factors across various regions.
Moreover, the Asia Pacific region is dominating the Global Polyphenol Market due to the increasing health concerns among the old and young population. Further, the key players are playing an important role in expanding the global market growth and efficiency for the forecast period of 2023.
Segmental Table:
By Sources:
By Types:
By Applications:
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: Significant Value |
CAGR | USD 2.8 billion 2030 |
Base Year | 2021 |
Forecast Period | 2021-2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Source, type and application |
Geographies Covered | Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. |
Key Vendors | Naturex (France), Ajinomoto OmniChem N.V. (Belgium), Indena S.p.A. (Italy), Frutarom (Israel), Diana Group (France), MB- Holding GmbH & Co. KG (Germany), Guilin Layn Natural Ingredients Corp. (China), Chr. Hansen Holding A/S (Denmark), DuPont Nutrition & Health (Denmark), Archer Daniels Midland Company (U.S.) |
Key Market Opportunities | Polyphenol Market Report explains that the increasing research and development activities in medical and nutrition are predicted to boost the global market's growth. |
Key Market Drivers | The increasing health awareness and health issues amongst the geriatric population in the world’s population. |
Polyphenols are micronutrients naturally present in plants.
Major sources of polyphenols include fruits, vegetables, nuts and seeds, legumes, beverages, and spices.
Growing awareness about the health benefits of polyphenols is the major driver for the market.
Asia Pacific is the leading regional market due to the growing food and beverage industry in the region.
Leading players in the polyphenols market include Naturex, Ajinomoto, and Frutarom, among others.