Polyphenols can be obtained from plant foods and supplements. They are packed with antioxidants and can fight environmental toxins. Studies have linked polyphenol intake to improved heart health, improved blood sugar control, and reduced risk of certain types of cancer. They are also considered a "lifespan essential" and are easy to obtain from food sources. They are secondary metabolites of plants that protect against pathogens and UV rays. The majority of people's polyphenol intake comes from fruits, vegetables, and legumes. Some fruits and vegetables contain up to 200 mg of polyphenols per 100 g. These compounds are also found in red wine, kale, and onions.
The Global Polyphenol Market is estimated to account for US$ 937.15 Mn in terms of value by the end of 2021.
Global Polyphenol Market: Drivers
Increasing demand for polyphenol antioxidants for manufacturing wide range of food &beverage, cosmetic, animal feeds, and medicine products is expected to drive growth of the market. Polyphenol antioxidants have anti-inflammatory properties, due to this the compound has become key ingredient in the majority of cosmetics and medicine products.
Global Polyphenol Market: Opportunities
Growing awareness regarding the health benefits of antioxidants-rich polyphenol across developed countries is expected to bring bright market opportunities for key players. Moreover, increasing production of green tea is projected to foster the market growth in the near future. According to the National Federation of Agricultural Co-operative Associations (ZEN-NOH), in 2018, the domestic production volume of green tea in Japan accounted for around 86.3 thousand ton, increasing from about 82 thousand ton in 2017.
Global Polyphenol Market: Restraints
Negative impact of covid-19 pandemic on the global economy has impacted market growth to some extent. During pandemic, lack of transportation and workforce had stopped the production and supply of polyphenol.
To know the latest trends and insights prevalent in this market, click the link below:
Global Polyphenol Market - Impact of Coronavirus (Covid-19) Pandemic
Increasing COVID-19 cases globally has led to a global lockdown and restricted supply chains. Consumer discretionary spending reduced, and companies witnessed a behavioural shift toward safe and reliable products. Thus, the COVID-19 outbreak had impacted the growth of the market for polyphenol. In the polyphenol industry, a major slowdown in polyphenol sales was witnessed in the first quarter of 2020 due to disruption in logistics and transportation. The market also witnessed interruptions in the entire value chain from raw materials supply for culture media to production, packaging, and biomass distribution.
The global polyphenols market was valued at US$ 937.15 Mn in 2021 and is forecast to reach a value of US$ 18,910.00x Mn by 2030 at a CAGR of 8.72% between 2022 and 2030.
Green Tea segment held dominant position in the global Polyphenol market in 2020, accounting for 45.33% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Polyphenol Market Trends:
Growing popularity of cocoa polyphenol is acting as a major trend in the market. Polyphenols found in cocoa belong to the category of flavonoids. Flavonoids have shown positive influence on cardiovascular condition such as heart attack and thrombosis. They have also shown positive effects on blood platelets and the immune system.
Growing demand for functional food due to rising health and wellness trend is projected to fuel market growth. Factors such as hectic lifestyle of consumers and changing eating habits is contributing to demand for functional food.
Global Polyphenol Market: Competitive Landscape
Archer Daniels Midland Company, Kemin Industries, International Flavors & Fragrances Inc., Aquanova AG, Ajinomoto Co. Inc., Penta International Corp, Chr., Hansen A/S, Biolink Group, Indena SpA, Symrise AG, and Van Drunen Farms
Global Polyphenol Market: Recent Developments
Joining thousands of companies around the world committed to making the Excellent Business Solutions.View All Our Clients