Polyphenols Market Size, Share & Trends Analysis Report By Product (Grape Seed, Green Tea, Apple, Cocoa), By Application (Beverages, Food, Feed), By Region, And Segment Forecasts, 2023 - 2030

Polyphenols Market Size, Share & Trends Analysis Report By Product (Grape Seed, Green Tea, Apple, Cocoa), By Application (Beverages, Food, Feed), By Region, And Segment Forecasts, 2023 - 2030

Polyphenols Market Growth & Trends

The global polyphenols market size is expected to reach USD 2.98 billion by 2030, expanding at a CAGR of 7.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Polyphenols are micronutrients and phytochemicals with antioxidant properties. These products are beneficial for health as they have the potential to cure many diseases including cancer, diabetes, neurodegenerative condition, aging, and skin-related problems

The product extracted from grape seed has antioxidant properties, which play a significant role in beauty products and nutritional skin supplements. Rising awareness of herbal products instead of synthetic drugs, coupled with increasing demand for anti-aging products, is expected to boost the demand for the product. Clinical and pre-clinical studies show that grape seed can be more effective than chemotherapy for the treatment of cancer. The grape seed extract is anticipated to experience high demand on account of surging consumption in the food and beverages, cosmetics, and healthcare industries.

They are enriched with functional nutrients to the basic nutritional values. With the increase in the awareness of good health, people are consuming healthy food which is indirectly driving demand for the product.

Polyphenols Market Report Highlights

• The Asia Pacific region witnessed the fastest growth rate with a CAGR of nearly 7.8%. The market is growing due to factors such as strong economic development coupled with population expansion
• Consumption of green tea can be beneficial for health-related issues such as high cholesterol, cancer, and atherosclerosis
• The functional beverage application segment is expected to register a notable growth rate with a CAGR of nearly 7.5% during the forecast period, as they provide overall nutrition and well-being to consumers
• The key players in the polyphenols industry include ADM; Naturex SA; Ajinomoto; and Others. These companies dominate the market with their extensive presence throughout the value chain

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