Polyphenols Market Analysis By Product (Grape Seed, Green Tea, Apple), By Application (Functional Food, Functional Beverages, Dietary Supplements) And Segment Forecasts To 2024

Published: August 2016 | Report Code: 978-1-68038-127-6 | Report Format: PDF

Industry Insights

The global polyphenols market size exceeded USD 700 million in 2015. The key drivers impacting the polyphenols market are favorable food safety regulations, and increasing awareness of health benefits associated with the consumption of polyphenol.

Polyphenols play a significant role in addressing health concerns related to high cholesterol, eye disease, diabetes, skin damage, cardiovascular issues, cancer, and blood pressure. Increasing usage of polyphenol extract in the food & beverages, pharmaceutical, and cosmetic industry is anticipated to boost market from 2016 to 2024.

Asia Pacific is expected to grow at the highest CAGR over the forecast period, to occupy the largest market share by 2024. The major factors driving the demand of polyphenols in Asia Pacific are increasing demand for healthy food and changing demographic in China and Japan. Technological advancement in the extraction process of polyphenols from raw materials such as fruits, vegetables, plants, and herbs is anticipated to boost the market demand.

The highest demand for polyphenols is observed from the functional beverage sector owing to strong demand for polyphenol-rich beverages in the form of juices, energy drinks, and enhanced water. Increasing investments in research & development activities is expected to spur polyphenols market demand.

U.S. polyphenols market revenue by application, 2014 - 2024 (USD Million)

U.S. polyphenols market

Product Insights

Grape seed polyphenol extract accounted for the largest share in 2015 valued at USD 367.2 Million in 2015. Grape seed extract contains a high concentration of polyphenols that are beneficial for human health.

Increasing applications of grape seed and green tea polyphenol extracts in the pharmaceutical, cosmetic and food industries is anticipated to boost overall market demand. Green tea extract is expected to grow at the highest CAGR on account of increasing consumption in the Asia Pacific region. The growing production of green tea in India and China is also anticipated to drive the polyphenols market.

Application Insights

Polyphenols are widely used across in various applications like functional beverages, functional food, dietary supplements, etc. Functional beverage segment accounted for the largest share of 43.65% in 2015. The use of polyphenols as an ingredient in the functional food & beverage market is anticipated to boost the overall growth. Growing demand for functional beverages in the health care, sports, and entertainment sector is one of the key factors driving the growth of the polyphenols industry.

The growing trend of maintaining a healthy lifestyle by following organic and natural eating habit is expected to influence the polyphenols market growth positively. Polyphenol extracts used in functional food products such as diet control, cereal, and bakery products is anticipated to grow on account of GRAS status given to use polyphenols in the food & beverage sector. The accelerating demand for dietary supplements and antioxidants among the geriatric population is anticipated to boost market growth.

Regional Insights

Asia Pacific dominated the polyphenols market in 2015 and was estimated to be USD 288.1 million. The growth in this region is driven by increasing usage of polyphenols in the functional food & beverage sector. China and India are projected to witness significant growth over the forecast period. The increasing availability of raw materials in Asia Pacific is also expected to contribute to the growth of the polyphenols industry.

Growing awareness of the effectiveness of polyphenols in the treatment of health concerns such as cardiovascular, cancer, skin diseases, aging, and diet issues among people are anticipated to boost overall market growth. Increasing usage of polyphenol extracts in the pharmaceutical and cosmetic industry is also expected to fuel industry growth over the coming years.

Europe is projected to account for the second-largest share of the polyphenol market owing to favorable laws and regulations implemented for the use of polyphenols in the manufacture of healthy food products. The polyphenol extracts market in Europe is projected to grow on account of increasing demand for functional foods and dietary supplements, mainly in Germany, the UK, Italy, and France.

Competitive Insights

The leading companies in polyphenol extracts market are involved in new developments and innovations to increase the application areas of polyphenols across various industries. Key players operating in the global polyphenols market include Naturex, Ajinomoto OmniChem Natural Specialities, Indena S.P.A, Frutarom Ltd., Diana Naturals, Martin Bauer Group., Layn Natural Ingredients Corp, Chr. Hansen, DSM, DuPoint Danisco, ADM, Barry Callebaut, HERZA Schokolade GMBH & Co. KG, FutureCeuticals, Prinova, Glanbia Nutritionals, Amax NutraSource Inc., Tianjin Jianfeng Natural Products Co. Ltd (JF Naturals), Sabinsa Corporation, Xian Haotian Bio-engineering Technology Co., Ltd, Kemin Health, Cargill Inc., Blue California, and Fruitomed.

Key question answered by the report
  • What was the market size from 2013 to 2015?
  • What will be the market growth till 2024 and what will be the resultant market forecast in the year?
  • How will the market drivers, retraints and future opportunieties affect the market dynamics and a subsequent analysis of the associated trends?
  • What segment and region will drive or lead market growth and why?
  • A comprehensive mapping of the competitive landscape and the market participants behavior.
  • What are the key sustainability strategies adopted by market players? An in-depth analysis of these strategies and their impact on competition and growth.
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