Status : Published Published On : May, 2022 Report Code : VRFB11018 Industry : Food & Beverage Available Format : Page : 190
2015
2022

Global Polyphenols Market – Analysis and Forecast (2022-2028)
Industry Insight by Source (Fruits (Apples, Cherries, Grapes, Grapes, Lemons, and Others), Vegetables (Broccoli, Carrots, Potatoes, and Others), Plants Extracts (Caraway, Curry Powder, Mexican Oregano, and Others), and Others), by Class (Phenolic acids, Flavonoids, Stilbenes, and Lignans), by Application (Functional Foods, Functional Beverages, Dietary Supplements, Cosmetics & Toiletries, Animal Feed, Dyes, and Others), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The global Polyphenols market size is anticipated to grow from USD 1.65 billion in 2022 to USD 2.5 billion by 2028, registering a CAGR of 7.5% during the forecast period 2022-2028.

Polyphenols can be defined as micronutrients or plant compound that offers number of health-related benefits. Also, polyphenols are the category of compounds naturally occurring in vegetables, fruits, herbs, spices, and others.

Polyphenols Market

In addition, they can act as antioxidants and neutralize harmful radicals that can damage our cells and increase the risk of health conditions such as diabetes, cancer, and heart diseases.  Further, polyphenols compounds can also help to stipulate the secretion of insulin, a hormone that keeps the blood sugar level stable. Also, these compounds help to reduce the chronic inflammation, a risk factor responsible for heart attack.

Industry Trends

The global polyphenols market has benefitted from the COVID-19 epidemic. Also, owing to growth in the healthcare segment, increased production of functional food, and adoption of dietary supplements, the global polyphenols has exhibited a significant growth. In addition, companies operating in the global polyphenols market are comprehending new strategies in order to capture a significant market share during the forecast period.

Awareness related to the importance of good health is growing exponentially among the consumers, which is to some extent is done by online health sector. This rising awareness is resulting in consumer’s attention to stay health, which in turn is boosting the demand for Polyphenols rich food as it is one of the essential components for the body. In addition, market players are also involved in development of Polyphenol rich products for improvement of health and immunity owing to protective effects of Polyphenols against diseases.

Market Segmentation

Insight by Source

  • Fruits
    • Apples
    • Cherries
    • Grapes
    • Lemons
    • Others
  • Vegetables
    • Broccoli
    • Carrots
    • Potatoes
    • Others
  • Plant Extracts
    • Carawa
    • Curry Powder
    • Mexican Oregano
    • Others
  • Others

Fruits and vegetables segments are anticipated to hold the major share of market during the forecast period owing to various health benefits of polyphenols-rich food. Grapes have significant adoption in the Polyphenols industry as it is stable to light, pH, and heat. Furthermore, they are excellent replacers of artificial red food colors, thus increased adoption as natural colorant sources in food & beverage industry.

Insight by Class

  • Phenolic acids
  • Flavonoids
  • Stilbenes
  • Lignans

The Phenolic acids segment is anticipated to contribute significantly to the global Polyphenols Market during the forecast period owing to the health benefits it provides by acting as antioxidants and prevent cellular damage caused due to free-radical oxidation reactions.

Further, Stilbenes is anticipated to exhibit a remarkable growth rate during the forecast period owing to adoption in various industries such as Food & Beverages, pharmaceuticals, and Others.

Phenolic acids are the class of Polyphenols that are abundantly found in the foods and exhibit high antioxidant property and thus is very beneficial for human health. Also, Favonoids is a class of Polyphenols which has over 4,000 varieties, many of which are responsible for attractive colors of fruits & leaves, flowers, and others. In addition, stilbenes class acts as antifungal phytoalexins, a compound that is produced only in the response to injury or infection. Furthermore, Lignans is a class of Polyphenolic compound found majorly in plants based foods such as whole grains, legumes, fruits, vegetables, and others.

Insight by Application

  • Functional Foods
  • Functional Beverages
  • Dietary Supplements
  • Cosmetics & Toiletries
  • Animal Feed
  • Dyes
  • Others

The dietary Supplements segment is anticipated to dominate the market and maintain its lead during the forecast period as it helps in offering solutions to several health diseases and provides support to the immune system. Also, the increased awareness about the importance of nutrition in improving the health will drive the market growth of the segment.

In addition, the functional foods segment is expected to show exponential growth rate throughout the forecast period as it provides desirable impact on the human body like enhanced gut health and decrease intestinal inflammation. Furthermore, increased awareness about preventive healthcare due to several factors like surge in disposable income, enhanced standard of living, and rising geriatric population will propel the growth of the market segment during the forecast period.

Polyphenols Market Report Coverage

Report Metric

Details

Historical Period

2016–2021

Base Year Considered

2021

Forecast Period

By 2028

Market Size in 2022

$1.65 Billion

Revenue Forecast in 2028

$2.5 Billion

Growth Rate

CAGR 7.5%

Segments Covered in the Report

By Source, By Class, and By Application

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

 

Industry Dynamics

Growth Drivers

Increased Adoption in the Cosmetics Industry will drive the market growth of the Global Polyphenols Market

The increased adoption of Polyphenols in cosmetics as one of the active ingredients and anti-aging properties will accelerate the growth of the market. Consumers are focusing on personal care and have increased their spending on these products as it protects skin from dangerous radioactive rays, thus accelerating the market development of Polyphenols during the forecast period. 

Increasing health benefits offered by Polyphenol owing to its anti-inflammatory and antioxidant properties, rising demand for herbal products, and growing population of old age people are the major factors propelling the growth of global Polyphenol market. Also, the anti-carcinogenic and antitumor properties associated with Polyphenol coupled with anti-aging properties are anticipated to boost the growth of market during the forecast period. Furthermore, increased consumption of Polyphenols due to its application in liquors and wines to improve its quality will drive the growth of global Polyphenols market. Nevertheless, development in health products and nutritional products have propelled manufacturers to produce innovative product solutions, thereby propelling the market revenue for the global Polyphenols industry. 

Challenges

The challenges faced by the Polyphenols market include lack of awareness about the benefits of the application of polyphenols in various industries such as pharmaceuticals, food & beverages, etc., and ease in availability and increased utilization of various alternatives having similar properties of polyphenols may stymie the growth of the market. In addition, the major factor restraining the growth of global Polyphenols market is complex manufacturing process from several sources and high price associated with polyphenols.

Opportunities

The extraction of polyphenol from artichoke and organic rosemary is anticipated to provide remarkable growth opportunities to the companies operating in the global Polyphenol market. In addition, growing application of Polyphenols in healthcare and growing health consciousness among the population provides a significant growth opportunity to the market players. Nevertheless, Polyphenols are well-known as functional components and an important part of the nutraceutical business. There could be a better opportunity for market participants to produce polyphenols for the burgeoning nutraceutical business.

Geographic Overview

North America contributes the major share in the Polyphenols market owing to increased consumption of functional food and dietary supplements in the region. Moreover, the significant adoption in food and beverages industry due to various benefits such as lowering diabetes risk, improves health conditions, anticancer properties, and others. In addition, UK is anticipated to exhibit a remarkable growth rate during the forecast period due to high awareness regarding health benefits of consuming high food with high polyphenols concentration.

Competitive Insight

The industry players are investing in R&D activities to enhance their product portfolio and have increased participation in the value chain. Leading players operating in the Global Polyphenols Market are focusing on the extraction of high-quality Polyphenols, which will have a wide range of applications in various industries, which in turn will drive the market growth. Moreover, the players adopted organic strategies such as Product Launch, Product Development for market expansion. In addition, inorganic strategies such as Merger and Acquisition were also adopted by the players.

Major companies involved in the production of high-quality flavors, sweeteners, and others are expanding in botanicals to expand portfolio in botanical extracts. For instance, Layn Natural Ingredients, a flavors and sweeteners manufacture is expanding in botanical to propel its portfolio on Non-GMO Project Verified botanical extracts. In addition, the new ranges is majorly focused on botanical extracts that are rich in polyphenol that offers high functional benefits in dietary supplement sector and food & beverages and sports nutrition. Also, the expansion also closely follows the company securing $148 million from the stocks that are to be invested in innovation and expansion.

Leading winemakers are also producing wines with high concentration of polyphenols in grapes, which in turn is anticipated to boost the growth of polyphenols market. For instance, Morande Wine Group, a winemaker that consistently focused on the production of high-quality wines. Also, 10 years of research with French and Japanese technologies has resulted HAX, a wine with high concentrations of polyphenols, which means it has more flavors, aromas, and intensity. In addition, the vinification of such high-quality wines begins with the selection of grapes with a high concentration of polyphenol content. This exceptional innovation is anticipated to boost the growth of polyphenols market during the forecast period.

Recent Development by Key Players

Specialist from France in plant extraction has introduced a new active ingredient that is taken from organically grown flowers such as false acacia or black lotus. The new ingredient is rich in polyphenols and sugars which in turn can soothe sensitive skin. In addition, In November 2021, Berkem, an Italian chemical company has incorporated a new plant active ingredient with a focus to relieve the skin for discomfort and stress due to wearing masks also known as “maskne” (mask related acne). The new components, which are high in sugars and polyphenols, can help soothe sensitive skin. In addition, this protein also plays a very important in regulation of immune response and inflammatory processes. Thus, such use of polyphenols in pharmaceutical products is anticipated to boost market growth.

Key Players Covered in the Report

Some of the industry players in the global Polyphenols market include Indena S.p.A., Ajinomoto Co., Inc., Aquanova AG, Botaniex, Inc., BERKEM, FutureCeuticals, Inc., Glanbia Nutritionals, Inc., Archer-Daniels-Midland Company, Martin Bauer GmbH & Co. KG, and CPC Ingredients Ltd.
 

Polyphenols Market Size and Market Analysis

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The Polyphenol Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2022–2028.

Segments Covered in the Report

•    By Source

Fruits

  • Apples
  • Cherries
  • Grapes
  • Lemons
  • Others

Vegetables

  • Broccoli
  • Carrots
  • Potatoes
  • Others

Plant Extracts

  • Carawa
  • Curry Powder
  • Mexican Oregano
  • Others

Others

•    By Class

  • Phenolic Acids
  • Flavonoids
  • Stilbenes
  • Lignans

•    By Application

  • Functional Foods
  • Functional Beverages
  • Dietary Supplements
  • Cosmetics & Toiletries
  • Animal Feed
  • Dyes
  • Others

Region Covered in the Report

•    North America

  • U.S.
  • Canada
  • Mexico

•    Europe

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

•    Asia-Pacific (APAC)

  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific

•    Rest of the World (RoW)

  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Frequently Asked Questions

The global Polyphenols market size is anticipated to grow from USD 1.65 billion in 2022 to USD 2.5 billion by 2028, registering a CAGR of 7.5% during the forecast period 2022-2028.
The dietary Supplements segment is anticipated to dominate the market and maintain its lead during the forecast period as it helps in offering solutions to several health diseases and provides support to the immune system.
the anti-carcinogenic and antitumor properties associated with Polyphenol coupled with anti-aging properties are anticipated to boost the growth of market during the forecast period. Furthermore, increased consumption of Polyphenols due to its application in liquors and wines to improve its quality will drive the growth of global Polyphenols market.
North America contributes the major share in the Polyphenols market owing to increased consumption of functional food and dietary supplements in the region.
Some of the industry players in the global Polyphenols market include Indena S.p.A., Ajinomoto Co., Inc., Aquanova AG, Botaniex, Inc., BERKEM, FutureCeuticals, Inc., Glanbia Nutritionals, Inc., Archer-Daniels-Midland Company, Martin Bauer GmbH & Co. KG, and CPC Ingredients Ltd.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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