Polyphenols
are micronutrients found abundantly in plant-based foods like fruits,
vegetables, cereals, coffee and tea. They possess antioxidant properties that
help combat oxidative stress, inflammation and have associated health benefits.
Consumption of polyphenol-rich foods has been linked to reduced risk of chronic
diseases. The global polyphenol market encompasses a wide range of products
including beverages, functional foods and dietary supplements containing
polyphenol extracts.
The
market is estimated to be valued at US$ 1921.74 Mn in 2024 and is expected to
exhibit a CAGR of 6.2% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the polyphenol market are 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. These players are focused on expanding
their product portfolio and global footprint through collaborations and
acquisitions.
The key opportunities in the market include development and commercialization
of new application-specific polyphenol ingredients, functional food &
beverages with enhanced polyphenol content, and dietary supplements with
combinations of polyphenols for synergistic health effects. The rising demand
from developing regions of Asia Pacific and Latin America will also drive the
market globally.
Key players are expanding their production facilities globally especially in
China, India and Brazil to tap the demand from the growing health-conscious
population in these regions. Leading players are investing heavily in R&D
to develop novel extraction and analytical techniques to produce polyphenols at
competitive prices.
Market drivers
Rising health consciousness among consumers is driving the demand for
polyphenol-rich functional foods and beverages globally. Extensive research
substantiating the health benefits of polyphenols especially in supporting
heart health, brain health, anti-aging and immune function is compelling more
consumers to include them in their diet. This in turn is fueling the growth of
the polyphenol market.
PEST Analysis
Political: The politics related to manufacturing standards and regulations
impacts the polyphenol market. Changes in policies could create opportunities
or challenges for market players.
Economic: Factors such as changing global economic conditions, disposable
income levels, and commodity prices directly influence the demand trends in the
polyphenol market.
Social: the growing health consciousness among consumers and increasing
preferences for healthier food and beverage options drives the demand for
polyphenol enriched products.
Technological: Advancements in extraction technologies help market players
develop innovative product offerings. The availability of new methods to
enhance polyphenol content supports the market growth.
Geographical regions with high market concentration
The Asia Pacific region dominates the global polyphenol market in terms of
value. Factors such as rising income levels, growing health awareness, and
increasing adoption of polyphenol ingredients in various industries like food
& beverages, personal care & cosmetics drives significant demand from
countries like China, Japan, and India.
Fastest growing region
Europe is projected to be the fastest growing regional market during the
forecast period. Factors such as robust food processing industry, growing nutraceutical
industry, strict regulatory framework regarding organic ingredients, and high
consumer preference for naturally sourced polyphenol products are expected to
boost the market in European countries like Germany, France and U.K.
Explore
More Related Article on - Beryllium
Market
Discover the Report for More Insights, Tailored to
Your Language.
About Author:
Money Singh is a seasoned content writer with over
four years of experience in the market research sector. Her expertise spans
various industries, including food and beverages, biotechnology, chemical and
materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
Comments
Post a Comment