Polyphenols Market Size, Share, Growth, Trends and Industry Analysis Report, 2019 to 2025
by Susan Hill Business ConsultantThe
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.
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.
Access
full research report on global polyphenols market:
www.grandviewresearch.com/industry-analysis/polyphenols-market-analysis
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Created on Nov 4th 2019 05:47. Viewed 461 times.