Global Polyphenols Market - Growth, Trends and Forecasts (2017 - 2022)
Polyphenols Market The polyphenols market size was estimated at USD 880 million in 2017. This market is anticipated to witness a CAGR of X.X% during the forecast period (2017-2022). Polyphenol is compound that has several usages in the food & beverage industry. Polyphenols are characterized by several health benefits. According to various studies, polyphenols play a crucial role in preventing and reducing the progression of diabetes, cancer, and neurodegenerative & cardiovascular diseases. Besides, polyphenols play an important role as a prebiotic, increasing the ratio of beneficial bacteria in the gut, which is extremely crucial for health, weight management and disease prevention.
Increasing number of consumers affected by lifestyle diseases expected to boost the growth for polyphenols
Polyphenols have properties that help in preventing and reducing the progression of diabetes, cancer, and neurodegenerative & cardiovascular diseases. Hence, this compound witnesses high usage in nutraceutical and dietary supplement. Globally, consumers are becoming health conscious, thus showing preference toward products that provide with additional health benefits (such as health foods). This trend is expected to boost the market for polyphenols as it is extensively used in health foods.
The global polyphenols market is segmented, based on source, into plant extracts, fruits, vegetables, cocoa and others. Among these, the fruit-based polyphenols segment account for majority of the commercial demand. The segment is further expected to witness considerable growth in the near future owing to its high functional and health benefits, primarily in the application of dietary supplements. 7-8% of the dry weight of cocoa is being used as polyphenol as an additive to food supplements and other cosmetic products.
North America currently accounts for the largest market share of 35% for polyphenols in 2017, followed by Europe. The large North American market is attributed to the growing number of health conscious consumers. The United States has the largest market share of 47% in North America. However, it is expected that Mexico and Canada will have the higher growth rates (compared to the United States) during the forecast period (2017-2022). Additionally, Asia- Pacific is anticipated to witness the highest CAGR during the forecast period (2017-2022).
The global polyphenols market is segmented, based on application, into cosmetics, functional foods, dietary supplements, beverages, others. Polyphenols are micronutrients with antioxidant activity besides various other health benefits. Therefore, they have high usage in functional foods and dietary supplements.
Some of the leading manufacturers and suppliers of the polyphenols are Archer Daniels Midland Company, Puratos NV, Cargill, Inc., Maltra Foods, Herza Schokolade GMBH & CO KG, CEMOI, PROVA, Barry Callebaut, Ajinomoto OmniChem Natural Specialities, CPC Ingredients, Cyvex Nutrition Inc. , Chr. Hansen A/S and FMC Corporation (FMC Biolpolymer Division).These companies are mainly focused on capacity expansion owing to the increasing demand for health foods containing high amounts of polyphenols.
Our report on global polyphenols market covers the following
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