The global polyphenols market is expected to reach USD 1.33 billion by 2024, according to a new report by Grand View Research, Inc. Growing geriatric population base in the U.S., Western Europe, and Japan is expected to drive polyphenols demand over the forecast period.
The growing demand for polyphenols from the niche nutraceutical and dietary supplement market to the wider food & beverage market is projected to boost market growth. Self-affirmed GRAS status given to the use of polyphenols in the food & beverage industry is expected to positively influence the growth of this market. Increasing consumer awareness regarding the health benefits associated with polyphenol consumption and changing demographics is expected to positively influence market growth.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/polyphenols-market-analysis
Further key findings from the report suggest:
·
The global polyphenols market demand was 16.38
kilo tons in 2015 and is expected to reach 33.88 kilo tons by 2024, growing at
a CAGR of 8.4% from 2016 to 2024.
·
Grape seed polyphenol extracts with a market
share of 51.5% in terms of value dominated the product segment and is expected
to grow at a significant rate over the forecast period. Health benefits induced
by grape seed polyphenols such as improved blood circulation and reduced
pre-hypertension is anticipated to boost future market growth.
·
The functional beverage segment accounted for
the largest polyphenol application market share in 2015. The use of polyphenols
in the functional beverages is projected to grow at the highest CAGR of 7.7%
from 2016 to 2024. Increasing consumption of nutritional beverages is expected
to fuel the demand for functional beverages over the forecast period.
·
Asia Pacific dominated the global polyphenol
market with a share of over 40%. The growing geriatric population in Japan and
China is projected to boost the market growth for dietary supplements and
healthy food & beverages. The increasing use of polyphenols in the
pharmaceutical and cosmetic industries is also expected to drive the market
demand over the forecast period.
·
Some leading companies 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,
FutureCeuticals, Prinova, Glanbia Nutritionals, Amax NutraSource Inc., Cargill
Inc., Blue California, and Fruitomed.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global polyphenols market based on product, application, and region:
Global Polyphenols Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
·
Grape Seed
·
Green Tea
·
Apple
·
Others
Global Polyphenols Application Outlook (Volume, Tons; Revenue, USD
Million, 2014 - 2024)
·
Functional Beverages
·
Functional Food
·
Dietary Supplements
·
Others
Global Polyphenols Regional Outlook (Volume, Tons; Revenue, USD
Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
o
Italy
o
France
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
·
Central & South America
o
Brazil
·
Middle East and Africa
- Saudi Arabia
About Grand View
Research
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View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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