Polyphenols Market Size, Share & Trends Analysis Report By Product (Grape Seed, Green Tea, Peach), By Application (Functional Foods Functional Beverages), By Region (Europe, APAC, North America), And Segment Forecasts, 2022 - 2030

Report Overview

The global polyphenols market size was valued at USD 1.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2030. The high product demand is attributed to various health benefits offered by it, such as prevention of cancer, diabetes, aging, etc. Polyphenols are used in food and beverages that add nutrients, vitamins, minerals, etc. to the diet. Polyphenols are micronutrients and phytochemicals with antioxidant properties. They also have prebiotic effects and help increase the ratio of bacteria in the gut, which is important for overall good health, weight management, and disease prevention. The advancements in health products and nutritional products compel manufacturers to develop innovative product solutions, which is also anticipated to boost sales over the forecast period.

The grape seed product segment dominated the global market in 2021, in terms of revenue as well as volume share. This growth was attributed to the effectiveness of the product to treat cardiovascular conditions, skin allergies, eye diseases resulting from diabetes, and cancer. The segment is anticipated to expand further at a steady CAGR retaining the leading position throughout the forecast period. Polyphenols are expected to gain traction primarily in the functional foods market. They can be considered functional foods as they are beneficial for health beyond basic traditional nutrition. The changing demographics, along with rising health awareness levels, are also projected to influence the industry positively.

Product Insights

The grape seed segment dominated the market in 2021 and accounted for the maximum revenue share of more than 44.1% market share in 2021. This is attributed to the increase in demand for extracts from grape seeds, which contain high antioxidants and help in controlling high cholesterol, diseases associated with diabetes, and cancer. Grapeseed is a waste product of the grape juice industry and wineries. The green tea segment accounted for the second-highest revenue share in 2021. The growth is attributed to a rise in the consumption of green tea by health-conscious consumers. Green tea leaves have phenolic acids, flavonoids, and flavones, which may account for 30% of their dry weight.

The consumption of green tea is beneficial for curing health-related issues, such as high cholesterol, cancer, and atherosclerosis. The major polyphenols found in green tea include catechin, epicatechin, epicatechin gallate, and epigallocatechin gallate (EGCG). These polyphenols exhibit in vitro and in vivo antimetastasis and osteolytic properties. Cocoa & coffee beans are also anticipated to gain demand as there is a direct link between health and cocoa antioxidants mainly because of the significant flavonoids contents. Cocoa and coffee beans extracts are beneficial for the treatment of several pathological disorders.

Coffee bean-derived polyphenols have antioxidative components contributing to oxidative stress prevention. The main oxidants in coffee are melanoidins, caffeine, and chlorogenic acids. The peach segment is anticipated to witness the fastest CAGR over the forecast period. The growth is attributed to a rise in demand for peach peel, which contains plenty of polyphenols and has three to five folds more phenolic content as compared to its flesh. Thus, peach peel extracts have more antioxidant properties than peach flesh extracts. Peach contains catechin up to 2.33mg/100g fresh weight. The consumption of polyphenol-rich peach juice is known to prevent Cardiovascular Diseases (CVDs) and obesity-related metabolic disorders.

Application Insights

The functional foods application segment dominated the market in 2021 with a revenue share of more than 35%. When consumed in adequate amounts, functional foods offer desirable effects on the human body, such as improved gut health and reduced intestinal inflammation. Rising awareness levels regarding preventive healthcare owing to various factors, such as increasing disposable income, improving the standard of living, and growing aging population, are projected to boost the segment growth. Functional beverages accounted for the second-largest share in 2021 owing to the increased demand on account of their advantage, such as offering overall nutritional well-being and keeping the body hydrated.

Functional beverages are stimulated drinks that prevent health issues in all age groups. Technology upgradations coupled with progression in the product adoption are projected to drive the segment over the forecasted period. The dietary supplement segment accounted for a 23.1% market share in terms of value in 2021. This is attributed to a rise in the number of consumers seeking natural solutions to various health ailments. Life expectancy is on the rise. The growing awareness about the role of nutrition in improving overall health is one of the key factors contributing to the segment growth.

Natural supplements, as opposed to pharmacological solutions, are the preferred way of treating a variety of illnesses related to gut health and gastrointestinal conditions along with immunity strengthening. The cosmetics & toiletries segment is predicted to grow at a significant CAGR over the forecast period. The segment growth is attributed to the rising adoption of organic cosmetics containing natural ingredients like polyphenols to eliminate problems related to skin, hair, etc. caused by chemicals. For example, extensive usage of chemical-rich shampoos, serums, and conditioners may lead to significant hair problems.

Regional Insights

Asia Pacific dominated the market with a 45.3% market share in 2021. This is due to the rising awareness about nutritional enrichment in China, and India is expected to remain a favorable factor for the market growth in the region. Asia Pacific has one of the largest functional food markets owing to the burgeoning population and rising disposable income of the consumer. The government of China has taken numerous initiatives in recent years to promote the benefits of consuming healthy food. Europe, led by Germany and U.K., emerged as the second-largest region in the global market. Growth in the nutraceutical industry is one of the major factors behind the development of this market.

Growing obesity cases in Europe are creating a supportive growth potential for healthy functional food and beverages. Central & South America is expected to witness a CAGR of 7.8% over the forecast period. This is predicted to have an influence on the polyphenols market in the region due to increased consumer spending power and awareness of the benefits of dietary supplements. Increasing health consciousness of consumers due to effects of the Covid-19, rising geriatric population, and prevalence of chronic diseases like diabetes in this region are expected to fuel the demand for functional food & beverages and dietary supplement products which are expected to drive the demand for polyphenols in the coming years.

Key Companies & Market Share Insight

The rising awareness levels about following a healthy lifestyle are leading to the high demand for polyphenols due to their health benefits. This, in turn, is in increasing the competition among manufacturers impelling them to enhance their production capacities. Industry participants are heavily investing in R&D activities to improve their product portfolio and achieve higher participation in the value chain. For instance, ADM has 428 crop production locations and 280 ingredient manufacturing facilities. Some of the prominent companies operating in the global polyphenols market include:

• Archer Daniels Midland (ADM)

• Naturex SA

• Diana Foods

• Indena S.p.A

• Ajinomoto Co. Inc.

• Chr. Hansen Holdings A/S

• Barry Callebaut

Polyphenols Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global polyphenols market report on the basis of product, application, and region:

• Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

  • Grape Seed

  • Green Tea

  • Apple

  • Peach

  • Citrus

  • Olive

  • Berries

  • Cocoa & Coffee Beans

  • Potatoes

  • Algae

  • Pomegranate

  • Others

• Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

  • Functional Beverages

  • Functional Foods

  • Dietary Supplements

  • Cosmetics & Toiletries

  • Animal Feed

  • Dyes

  • Others

• Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa