Global Polyphenol Market – Industry Trends and Forecast to 2029

Global Polyphenol Market, By Source (Fruits, Vegetables, Cocoa and Others), Form (Liquid, Powder and Others), Application (Functional Foods, Dietary Supplements, Beverages and Others), Product (Apple, Green Tea, Grape Seed, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Globally, consumers are becoming more health conscious, favouring products that provide additional health benefits (such as health foods). As polyphenols are widely used in health foods, this trend is expected to boost the polyphenol market.

Data Bridge Market Research analyses that the polyphenol market was valued at USD 2.0 billion in 2021 and is expected to reach the value of USD 16.52 billion by 2029, at a CAGR of 30.20% during the forecast period of 2022 to 2029.

Market Definition

Polyphenols are plant-derived metabolites that can be found in grape seeds, apples, pomegranate, green tea, cranberries, beetroot, and potatoes, among other things. Due to its high antioxidant and anti-inflammatory properties, it is used to treat diabetes, cancer, and cardiovascular disease. It is also used to increase the rate of vitamin absorption in the body.

Report Scope and Market Segmentation

Polyphenol Market Dynamics

Drivers

• Development of polyphenol-rich products for health improvement

Consumers' awareness of the importance of well-being is growing. This increases consumer interest in staying healthy, which is driving up demand for polyphenol, an essential component of the body. Furthermore, nutritionists have recently become interested in the health benefits of polyphenols. Polyphenols' anti-disease properties have spawned novel applications in the food and nutritional supplement industries, resulting in the development of polyphenol-rich products for health improvement.

• The growing awareness of the negative effects of artificial flavourings

The growing awareness of the negative effects of artificial flavors and the health benefits of polyphenol and herbal extracts has the potential to ignite the herbal extracts and derivatives industry. Furthermore, due to an increase in business R&D ventures and an increase in the demand for comfort foods, there has been a thriving demand for plant essences in food and drink manufacturing. The classification of various herbs and seasonings in response to shifting customer preferences and suggestions will maintain the market's equilibrium during the anticipated period.

Opportunity

Plant extracts are widely used in the pharmaceutical industry due to their beneficial properties, which helps the market remain profitable. The antibacterial effect of polyphenol, particularly for the treatment of age-related disorders like memory loss, immune disorders, and osteoporosis, is contributing to an increase in demand for polyphenol for medicine manufacturing. Furthermore, the increasing regulatory requirements for the use of plant extracts as phytomedicine are expected to provide lucrative market opportunities for the growth of the phytomedicines and herbal extracts segment, which is expected to boost demand for polyphenol over the forecast period.

Restraints

However, the market's growth is expected to be hampered by a limited supply of raw materials and stringent quality standards. The polyphenol market is concerned about product quality, particularly in Asia Pacific.

This polyphenol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Polyphenol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Polyphenol Market

COVID-19 Pandemic is a worldwide pandemic that has affected many countries. It has wreaked havoc on the business and marketing fields. One of them was the global polyphenol market. The global market has come to a halt as a result of COVID-19 guidelines and lockdown implementations in various regions. The global market's growth had been stifled due to a lack of transportation and labour. As a result, both productivity and investors have suffered.

Recent Development

• Layn Natural Ingredients will launch its Non-GMO Project Verified botanical extracts portfolio in 2021. The product line focuses on polyphenol-rich botanical extracts with high functional benefits in food and beverage, sports nutrition, and the dietary supplement sector.
• In 2019, Fytexia introduces Oxxynea O, a line of bioactive polyphenols derived from organic sources of rosemary, olive, grape, and artichoke; the company also offers a custom pathway programme for selecting polyphenol sources and combining them to create tailor-made recipes that meet the specifications of formulators looking for natural sources of antioxidants to enhance their products with polyphenols.
• Frutarom introduced the NutraT line of antioxidants in 2016; these products were designed to be suitable for ready-to-use soluble powder formulas that dissolve in water, soft drinks, and dairy products.

Global Polyphenol Market Scope

The polyphenol market is segmented on the basis of source, application, form and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Fruits
• Vegetables
• Cocoa
• Others

Application

• Functional Foods
• Dietary Supplements
• Beverages
• Others

Form

• Liquid
• Powder
• Others

Product

• Apple
• Green Tea
• Grape Seed
• Others

Polyphenol Market Regional Analysis/Insights

The polyphenol market is analysed and market size insights and trends are provided by country, of source, application, form and product as referenced above.

The countries covered in the polyphenol market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.

Asia Pacific dominated the market, accounting for the majority of market share. This is due to rising nutritional enrichment awareness in China, and India is expected to remain a positive factor for regional market growth, Due to its growing population and rising disposable income, Asia Pacific has one of the world's largest functional food markets. In recent years, the Chinese government has launched a number of initiatives to promote the benefits of eating healthy food. In Europe, rising obesity rates are creating a favourable growth environment for healthy functional foods and beverages. This is expected to have an impact on the region's polyphenols market due to increased consumer spending power and awareness of the benefits of dietary supplements.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Polyphenol Market Share Analysis

The polyphenol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyphenol market.

Some of the major players operating in the polyphenol market are:

• Givaudan SA (Switzerland)
• International Flavors & Fragrances Inc (US)
• Symrise (Germany)
• Sensient Technologies Corporation (US)
• Synthite Industries Ltd (India)
• Synergy Flavors Inc. (US)
• Döhler Group (Germany)
• Indesso (Indonesia)
• Vidya Herbs (India)
• Nutra Green Biotechnology Co., Ltd. (China)