Polyphenol is a class of chemicals found in natural plant food sources and have antioxidant properties. They can be divided into three subclasses: flavonoids, phenolic acids, and stilbenoids. The most isolated compounds belong to the subclass of the flavonoids. The global polyphenol market is driven by the high demand from the functional beverages, functional food, and dietary supplements with the maximum contribution from the functional beverages application.
Technavio’s analysts forecast the global polyphenol market to grow at a CAGR of 8.15% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyphenol market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyphenol Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyphenol market: AJINOMOTO, Archer Daniels Midland Company, DSM, DuPont, and NATUREX.
Other Prominent Vendors in the market are: Amax NutraSource, Barry Callebaut, Blue California, Cargill, Chr. Hansen Holding, DIANA, Frutarom, FutureCeuticals, Glanbia, HERZA Schokolade, Indena, Kemin Industries, Guilin Layn Natural Ingredients, Martin Bauer Group, Prinova Group, and Sabinsa.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing adoption of polyphenol as coloring agents. Curcumin, bisdemethoxycurcumin, desmethoxycurcumin, and cyclocurcumin extracted from turmeric, which is extensively used as a coloring agent in many food products due to its high heat stability. The global natural food color market was $1,300 million in 2016 and is expected to reach $1,823.3 million by 2021, with a CAGR of 7%.”
According to the report, one driver in the market is rising prevalence of chronic diseases. The polyphenol market is driven by the increase in the number of people with chronic diseases such as cancer, cardiovascular and chronic lung disease, and diabetes. The demand for therapies that help treat these conditions continues to rise, as does the demand for devices used for the earlier diagnosis of these diseases. Technological innovations in the polyphenol market related to the medical industry have resulted in effective drug delivery. Diabetes is a chronic disease caused due to the inadequate secretion of insulin by the pancreas. This disease results in fatigue-related problems, such as dehydration, related to high blood pressure.
Further, the report states that one challenge in the market is fluctuation in the price and quality of raw materials. Raw materials like grapes, tea, apple, olive, cocoa, and pomegranate that are used in the extraction of polyphenol are highly concentrated in terms of price, and the difference in the quality of raw materials decides the final quantity of polyphenol. Fruits like grapes, apples, pomegranate, and berries, are seasonal; the availability and storage of these fruits pose a challenge. Africa is the largest producer of cocoa seeds and berries of superior quality compared to that of the rest of the world. As manufacturers of polyphenol are focusing on the quality of raw materials rather than the quantity, they import cocoa seeds and berries from the African region.
AJINOMOTO, Archer Daniels Midland Company, DSM, DuPont, and NATUREX, Amax NutraSource, Barry Callebaut, Blue California, Cargill, Chr. Hansen Holding, DIANA, Frutarom, FutureCeuticals, Glanbia, HERZA Schokolade, Indena, Kemin Industries, Guilin Layn Natural Ingredients, Martin Bauer Group, Prinova Group, and Sabinsa.