Global Polyphenols Market Size, Share, Growth Analysis, By Product(Grape Seed, Green Tea), By Application(Functional Beverages, Functional Foods) - Industry Forecast 2023-2030

Global Polyphenols Market size was valued at USD 1.68 Billion in 2022 and is poised to grow from USD 1.80 Billion in 2023 to USD 3.19 Billion by 2031, at a CAGR of 7.4% during the forecast period (2024-2031).

The surge in demand for natural and plant-based ingredients in the food, beverage, and dietary supplement sectors is driving the popularity of polyphenols, sourced from plants, in line with consumer preferences for cleaner and more natural options. Polyphenol-rich ingredients are being increasingly incorporated into various products, including functional foods, beverages, supplements, and personal care items, attributed to their numerous health benefits, such as disease prevention and supplementation of essential nutrients like vitamins and minerals. With antioxidant effects and prebiotic characteristics that promote gut health, weight management, and illness prevention, polyphenols are gaining traction among consumers. Manufacturers are expected to introduce new product offerings to capitalize on advancements in nutritional and medical goods, contributing to increased sales. Grapeseed emerged as the dominant sector in 2021, primarily due to its effectiveness in addressing cardiovascular disorders, skin allergies, and eye diseases associated with diabetes and cancer. Polyphenols are anticipated to see significant growth, particularly in the functional foods segment, as they offer health benefits beyond basic nutrition and are poised to benefit from shifting demographics and heightened health awareness.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Polyphenols Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Global Polyphenols Market Segmental Analysis

The global polyphenols market is segmented on the basis of product, application, and region. Based on product, the market is segmented into grape seed, green tea, apple, peach, citrus, olive, berries, cocoa & coffee beans, potatoes, algae, pomegranate, and others. In terms of application, the market is segmented into functional beverages, functional foods, dietary supplements, cosmetics & toiletries, animal feed, dyes, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Polyphenols Market

Consumers are increasingly recognizing the potential health advantages of polyphenols, bioactive substances present in fruits, vegetables, tea, cocoa, and other plant-derived foods. These compounds are renowned for their antioxidant and anti-inflammatory characteristics, which are thought to support various health advantages, such as enhancing cardiovascular health, averting cancer, and boosting immune function. The expanding consumer interest in natural and functional ingredients that promote overall health and well-being is propelling the expansion of the polyphenols market.

The expansion of research into polyphenols and their potential health advantages is playing a role in driving market growth. Ongoing scientific investigations into the diverse health implications of polyphenols are producing valuable insights, thereby stimulating consumer curiosity and market demand. The increasing accumulation of evidence supporting the beneficial effects of polyphenols on health is inspiring continued research and development efforts, ultimately resulting in the introduction of novel polyphenol-derived products.

Restraints in the Global Polyphenols Market

the process of producing and extracting polyphenols can be intricate and costly. Acquiring top-notch polyphenol extracts necessitates specialized machinery, know-how, and frequently entails time-intensive processes. These elevated expenses associated with production and processing have the potential to restrict the accessibility and affordability of polyphenol-rich ingredients and products, thereby impeding market expansion.

The process of producing and extracting polyphenols can be intricate and costly. Acquiring top-notch polyphenol extracts necessitates specialized machinery, know-how, and frequently entails time-intensive processes. These elevated expenses associated with production and processing have the potential to restrict the accessibility and affordability of polyphenol-rich ingredients and products, thereby impeding market expansion.

Market Trends of the Global Polyphenols Market

The rise in consumer demand for natural and plant-based items spans several sectors, such as food and beverages, dietary supplements, and personal care. Polyphenols, as naturally derived compounds found in plants, resonate with this inclination. Consumers are actively seeking out ingredients and products rich in polyphenols due to their perceived healthiness, sustainability, and absence of synthetic additives or chemicals.

Consumer awareness regarding the potential health advantages of polyphenols is on the rise. Scientific studies have underscored the antioxidant, anti-inflammatory, and other bioactive attributes of polyphenols, correlating them with a range of health benefits including cardiovascular health, enhanced cognitive function, and anti-aging properties. This increasing consciousness is fuelling the desire for products rich in polyphenols as consumers actively pursue functional ingredients for their health and overall well-being.