Polyphenol Market 2024 | Growth, Share, Demand and Forecast Till 2032

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The global polyphenol market size reached 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.

Global Polyphenol Market Statistics: USD 3.5 Billion Value by 2032

Summary:

  • The global polyphenol market size reached USD 2.0 Billion in 2023.
  • The market is expected to reach USD 3.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024–2032.
  • Asia-Pacific leads the market, accounting for the largest polyphenol market share.
  • Fruits account for the majority of the market share in the source segment owing to their high polyphenol content and wide availability.
  • Grape seed holds the largest share in the polyphenol industry.
  • Flavonoid remains a dominant segment in the market because of its extensive range of scientifically supported health benefits.
  • Based on the form, the market has been divided into liquid, powder, and others.
  • Functional beverages account for the majority of the market share in the application segment.
  • The rising demand for functional food products and beverages is a primary driver of the polyphenol market.
  • Technological advancements in extraction and processing are reshaping the polyphenol market.

Industry Trends and Drivers:

● Increasing demand for functional food and beverage products:

The rising consumer awareness about overall health and wellness is driving the demand for functional food products and beverages enriched with polyphenols. Polyphenols, found naturally in fruits, vegetables, tea, and wine, are known for their antioxidant properties and potential health benefits, such as reducing the risk of chronic diseases like heart disease and cancer. As more consumers are seeking food products that offer additional health benefits, the demand for polyphenol-rich products is increasing. Manufacturers are incorporating polyphenols into a variety of products in the food and beverage (F&B) industry, including teas, juices, supplements, and health snacks, to cater to health-conscious consumers looking to enhance their diet with natural and health-promoting ingredients.

● Thriving nutraceutical and dietary supplements industry:

The growing consumer emphasis on preventive healthcare and wellness is increasing the expansion of the nutraceutical and dietary supplements industry. The demand for polyphenol-based supplements is rising, particularly in aging populations who are becoming more aware about their health benefits. Polyphenols are recognized for their powerful antioxidant, anti-inflammatory, and potential anti-aging properties, which makes them a desirable ingredient in products aimed at improving overall health and slowing the effects of aging. Continuous scientific research and development (R&D) activities show the positive effects of polyphenols, encouraging manufacturers to innovate new products that address specific health concerns, such as cardiovascular health, cognitive function, and skin care.

● Advancements in extraction and processing technologies:

Technological innovations in the extraction and processing of polyphenols are impelling the market growth by making it easier and more cost-effective to isolate high-purity polyphenols from natural sources. Advanced extraction techniques, such as supercritical fluid extraction and ultrasonic-assisted extraction, are allowing for higher yields and better preservation of polyphenol content. These innovations are enhancing the quality and efficacy of polyphenol products and reducing costs, making them more accessible to a broader range of people. As a result, there is an increase in the availability of polyphenol-enriched products in various sectors, including food and beverages (F&B), nutraceuticals, and personal care.

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Polyphenol Market Report Segmentation:

Breakup By Source:

  • Fruits
  • Vegetables
  • Cocoa
  • Others

Fruits represent the largest segment because they are rich in diverse polyphenols, making them a primary choice for extraction and use in various health supplements and functional foods.

Breakup By Product Type:

  • Apple
  • Green Tea
  • Grape Seed
  • Others

Grape seed accounts for the majority of the market share due to its high concentration of polyphenols and strong antioxidant properties.

Breakup By Type:

  • Flavonoid
  • Resveratrol
  • Phenolic Acid
  • Others

Flavonoid exhibits a clear dominance in the market as it is the most extensively studied group of polyphenols with proven health benefits.

Breakup By Form:

  • Liquid
  • Powder
  • Others

On the basis of the form, the market has been divided into liquid, powder, and others.

Breakup By Application:

  • Functional Foods
  • Dietary Supplements
  • Functional Beverages
  • Others

Functional beverages dominate the market owing to their ability to provide polyphenols in convenient and palatable formats.

Breakup By Region:

  • 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

Asia-Pacific enjoys the leading position in the polyphenol market, which can be attributed to its large population base, rising health awareness, and increasing demand for natural and functional food products.

Top Polyphenol Market Leaders:

The polyphenol market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

  • 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

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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