Polyphenols Market Size Worth $2.08 Billion By 2025

The global polyphenols market size is expected to reach USD 2.08 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.2% during the forecast period. Growing awareness about effectiveness of polyphenols in treating diabetes, cardiovascular diseases, high cholesterol, and cancer, along with rising number of applications in the food and beverage and pharmaceutical sectors, is anticipated to drive product demand over the forecast period.

Polyphenols extracted from grape seed have antioxidant properties, which play a significant role in beauty products and nutritional skin supplements. These antioxidants bind to the skin collagen and stimulate flexibility, elasticity, and cell health, thus resulting in youthful skin. Rising awareness of herbal products instead of synthetic drugs, coupled with increasing demand for anti-aging products, is expected to boost demand for polyphenols.

Technological advancements enable manufacturers to enhance the benefits of polyphenols in curing various diseases. Moreover, development of cost-effective technology to extract polyphenols from plants, herbs, fruits, and vegetables for human and animal consumption is expected boost market growth over the coming years.

Grape seed polyphenols dominated the global polyphenols market in 2018. Grape seed extract has essential therapeutic properties, including managing poor circulation, nerve damage, cholesterol, macular degeneration, anticancer, and atherosclerosis. According to the United States Food & Drug Administration (FDA), grape seed is more effective than chemotherapy for the treatment of cancer. Grape seed extracts are anticipated to experience high demand on account of surging consumption in the food and beverage, cosmetics, and healthcare industries.

In terms of volume, Asia Pacific emerged as the largest regional market, followed by North America. China, India, South Korea, and Japan are anticipated to witness major product demand in the coming years on account of increasing health awareness among the growing diet-conscious population, seeking functional benefits in every kind of food they consume. Surging population and awareness about polyphenol benefits on human health are expected to drive the market in Asia Pacific.

North America is anticipated to emerge as the second-largest regional market owing to increasing disposable income of consumers, resulting in growing consumption of healthy food and beverages in countries such as U.S. and Canada. Changing demographics and lifestyles, rising health concerns, favorable research studies, and technological developments are anticipated to drive the market over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/polyphenols-market-analysis

Further key findings from the study suggest:

  • In terms of revenue, the grape seed product segment is expected to expand at a CAGR of 7.3% over the forecast period
  • In terms of volume, the functional beverages application segment dominated the market with a share of 36.4% in 2018
  • In U.S., development of preventive healthcare and government focus on improving the national health standard are some of the significant factors contributing to industry growth
  • Some of the key industry participants present in the market are Cargill, Inc.; Chr. Hansen; Ajinomoto; Archer Daniels Midland (ADM); HERZA Schokolade GmbH & Co. KG; Indena S.p.A.; Martin Bauer Group; and Frutarom Ltd.

Tea Polyphenol Market To Grow At A CAGR Of 7.4% From 2014 To 2020

Global tea polyphenol market size was estimated at USD 209.3 million in 2012 and the market is expected to grow at a CAGR of 7.4% over the forecast period. Rising consumer awareness regarding the various advantages of the ingredient coupled with increasing health consciousness of consumers are key factors driving the market.

Tea polyphenols have become popular over the past few years as they help in prevention of various neurodegenerative diseases including Parkinson’s and Alzheimer’s. Their rising popularity has significantly resulted in the market demand at 4,850.0 tons in 2012 and is expected to be 9,169.9 tons by 2020.

Increasing geriatric population in developed economies of Asia Pacific and Europe including UK and Japan coupled with rising demand for nutraceutical products such as tea polyphenols due to growing health concerns among consumers is anticipated to drive demand. The global market is estimated to reach a value of USD 367.7 million by 2020.

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http://www.grandviewresearch.com/industry-analysis/tea-polyphenols-industry

Green tea polyphenols constitute of about 30-40% of extractable polyphenols which are used mainly for treating skin cancer, weight management and sickle cell disease. Their rising popularity has resulted in the product accounting for 72.5% of the total market as of 2012. The market is also anticipated to witness significant gains over the forecast period at a CAGR of 8.8% owing to its increasing consumption, particularly among the working population.

Increasing cases of diabetes, particularly among the younger population, has resulted in a growing demand for oolong tea as it helps in lowering the effect of diabetes. The segment accounted for over 15% of the overall market volume in 2012. Black tea polyphenols contain lower concentration of polyphenols and hence are anticipated to grow at a CAGR of 6.3% over the forecast period exceeding a value of USD 20.0 million by 2020.

Functional beverages including bottled juices, bottled water, energy drinks and bottled tea captured over 40% of the total market share in 2013. Growing consumption of functional beverages containing the ingredient is expected to fuel demand at a CAGR of 8.8 % from 2014 to 2020.

Functional food was the second largest application capturing over 30% of the total polyphenols market in 2013. Dietary supplements including liquid & powder extracts and capsules are anticipated to grow at a CAGR of 7.1 % from 2014 to 2020. Growing demand for dietary supplements owing to increasing prevalence of obesity is expected tp bolster demand.

Asia Pacific tea polyphenols market accounted for 40% of the overall volume in 2013, and is anticipated to grow at a CAGR of 9.2% over the projected period. Increasing ageing population, rising health concerns and abundant availability of raw materials in Japan are likely to be the major drivers of the market in the near future.

North America and Europe together accounted for over 50% of the industry in 2013. Growing demand for the ingredient among consumers in Asia Pacific is expected to result in these regions losing out their market shares over the forecast period. Prominent players in the market include Naturex, Indena S.P.A, Tianjin Jianfeng Natural Products Co, Ltd, Lyn Natural Ingredients Corp and Ajinomoto Omnichem Natural Specialities.