13th December 2019 – Global Polyphenols
Market is anticipated to reach USD 1.33 billion by 2024. Polyphenols
are also known as “Polyhydroxyphenols”. Polyphenols are characterized by the
presence of huge multiples of phenol structural components. Polyphenols are
characterized by numerous health benefits. As per study, polyphenols play a
vital role in reducing and preventing the progression of cancer, diabetes, and
cardiovascular & neurodegenerative diseases.
The factors that propel the growth of
the Polyphenols Market include increase in demand for herbal products,
improvement in health by polyphenol, increase in aged population, anti-aging
properties related to polyphenols, R&D activities and technical
advancements. On the other hand, there are factors that may hamper the growth
of the market including strict administration guidelines and rules regarding
tea polyphenols and its supplements, and several side effects related to
inappropriate consumption. The industry is anticipated to grow at a significant
CAGR in the upcoming period as the scope, product types, and its applications
are increasing across the globe.
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Polyphenols industry may be explored by
product type, application, and geography. The market may be explored by product
type as Apple, Grape Seed, Green Tea, and Others. The “Grape seed polyphenol
extract” segment led the Polyphenol Market in 2014 and is anticipated to
maintain its dominance by 2024 owing to growing applications of green tea and
grape seed polyphenol extracts in verticals such as cosmetics, pharmaceuticals,
and food industries.
The key applications that could be
explored in the Polyphenols industry include Functional Beverages, Functional
Food, Dietary Supplements, and Others. The “Functional Beverage” segment led
the polyphenols industry in 2015 and is anticipated to maintain its dominance
by 2024 due to growing consumption of nutritive beverages. Asia-Pacific
accounted for the major share of the Polyphenols Market Size in 2014 and will
continue to lead in the forecast period. The factors that could be attributed
to the growth include rising aged populace in China and Japan.
Some of the key players that fuel the
growth of the polyphenol industry comprise Ajinomoto OmniChem Natural
Specialities, Naturex, Frutarom Ltd., Indena S.P.A, Diana Naturals, LaynNatural
Ingredients Corp, Martin Bauer Group., DSM, Chr. Hansen, ADM, DuPont Danisco,
Barry Callebaut, Blue California, Prinova, FutureCeuticals, Amax Nutra Source
Inc., Glanbia Nutritionals, Fruitomed, and Cargill Inc. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in
order to boost the inorganic growth of the industry.
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