Polyphenol Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.11 Billion |
| Market Size (2029) | USD 1.70 Billion |
| CAGR (2024 - 2029) | 8.72 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Polyphenol Market Analysis
The Polyphenol Market size is estimated at USD 1.11 billion in 2024, and is expected to reach USD 1.7 billion by 2029, growing at a CAGR of 8.72% during the forecast period (2024-2029).
The COVID-19 pandemic has placed unprecedented stresses on food supply chains, with bottlenecks in farm labor, processing, transport, and logistics, as well as momentous shifts in demand. Food supply chains demonstrated a remarkable resilience in the face of these stresses. The effect on the agricultural sectors, including fruits, vegetables, spices, tea (raw material for Polyphenol), is marginal in some countries while considerable in countries; this is inturn expected to put pressure on entier supply chain of Polyphenol market over the medium term.
Growing awareness about the effectiveness of polyphenols in treating diabetes, cardiovascular diseases, high cholesterol, and cancer, along with the rising number of applications in the food and beverage and pharmaceutical sectors, is anticipated to drive product demand over the forecast period.
Further, the high functionality of superfoods, like food colorants, nutrient sources, and others, along with the positive perception of the term, 'natural', has been the primary attribute that is boosting the demand for natural food colorants in the market. The food industry dominates the market due to its continuous innovation in the sector, followed by the other market segments.
Based on source, grapes are most prevalent in the market studied. Due to certain technical properties, grapes are very stable to light, pH, and heat. These properties make them excellent replacers of artificial red food colors, thus, driving the usage of these natural colorant sources in the food and beverage industry. Green tea is another major source of polyphenol.
Globally, consumers are becoming health conscious, thus showing preference towards products that provide additional health benefits (such as health foods). This trend is expected to boost the polyphenols market as it is extensively used in health foods.
Polyphenol Market Trends
This section covers the major market trends shaping the Polyphenol Market according to our research experts:
Extensive Promotion Of Natural Food Pigments
The global market for natural food colorants is growing considerably, as consumers are seeking simpler and cleaner labels for their foods and are looking for alternatives to synthetic ingredients. Moreover, the support from various governments as well as local and international organizations is further supplementing the growth of the market.
Anthocyanins are the major polyphenol pigments that determine the colors of flowers and fruits (like orange, red, blue, or purple), followed by other polyphenols, such as varied aurones and chalcone derivatives. Thus, the use of polyphenol as a natural food additive is highly promoted in the food industry, in order to impart natural food pigmentation.
Accordingly, the market is witnessing positive promotions by several associations around the world. These associations are dedicating their core values to boost the consumption of natural food colorants across industries, thereby further benefitting the market studied.
One of the most popular associations includes the Natural Food Colours Association. Based in Europe, the association engages in an extensive promotion of natural colorants, including anthocyanins. Moreover, it works with industry leaders, such as ADM Wild, DDW Color House, Chr. Hansen, FMC, and GNT. To increase the efficiency of the industry, the association operates different working groups to examine the potential of various natural color sources. In 2016, the Natural Food Colours Association (NATCOL) sponsored a report on consumers' exposure to anthocyanins, where it investigated the levels of usage of anthocyanins as food coloring.
Asia-Pacific Holds Significant Market Share
The Asia Pacific emerged as the largest regional market, followed by North America. China, India, South Korea, and Japan are anticipated to witness major product demand in the coming years on account of increasing health awareness among the growing diet-conscious population, seeking functional benefits in every kind of food they consume. Surging population and awareness about polyphenol benefits on human health are expected to drive the market in the Asia Pacific.
Though flavonoids, isoflavones, lignans, and other polyphones are naturally obtained from plant-based foods, studies suggest that the rapidly aging population in counties like China and Japan paying way for various supplement and functional food, beverage manufacturers to incorporate polyphenols in forecast period.
Polyphenol Industry Overview
Some of the major key players in the polyphenol market, globally includes ADM, Naturex Inc., Frutarom Ltd., Aquanova AG., Ajinomoto OmniChem N.V - NaturalSpecialities, CPC INGREDIENTS, UNITED KINGDOM, CHR. HANSEN, among others. These companies are mainly focused on capacity expansion owing to the increasing demand for health foods containing high amounts of polyphenols.
The major players in the market studied are adopting strategies, like product innovations, mergers and acquisitions, and geographical expansions, in order to establish stronger consumer bases and esteemed positions in the market.
Polyphenol Market Leaders
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ADM
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Aquanova AG.
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Ajinomoto Co., Inc
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Chr. Hansen Holding A/S
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CPC Ingredients Ltd
*Disclaimer: Major Players sorted in no particular order
Polyphenol Market News
In 2021, Layn Natural Ingredients has launched its portfolio of Non-GMO Project Verified ts portfolio of Non-GMO Project Verified botanical extracts. The range focuses on polyphenol-rich botanical extracts that offer high functional benefits in food and beverage and sports nutrition, as well as the dietary supplement sector botanical extracts; These offer high functional benefits in sports nutrition, food and beverage and the dietary supplement sector.
In 2019, Fytexia launches Oxxynea O a range of bioactive polyphenols these are extracred from from organic sources of rosemary, olive, grape and artichoke; The company offers custom pathway program for selecting polyphenol sources and combining them to build tailor-made recipes the specifications of formulators in search of natural sources of antioxidants to reinforce their products with polyphenols.
In 2016, Frutarom has launched NutraT line of antioxidants; these products are developed to make them suitable for ready-to-use soluble powder formulas that dissolve in water, soft drinks and dairy products.
Polyphenol Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Form
5.1.1 Liquid
5.1.2 Powder
5.1.3 Others
5.2 By Source
5.2.1 Fruits
5.2.2 Vegetables
5.2.3 Cocoa
5.2.4 Others
5.3 By Application
5.3.1 Functional Foods
5.3.2 Dietary Supplements
5.3.3 Beverages
5.3.4 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Archer Daniels Midland Company
6.4.2 Givaudan
6.4.3 Frutarom Ltd.
6.4.4 Aquanova AG.
6.4.5 Ajinomoto Co., Inc.
6.4.6 C P C Ingredients Ltd
6.4.7 Omega Protein
6.4.8 Chr. Hansen A/S
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Polyphenol Industry Segmentation
Polyphenols are naturel compounds found abundantly in plants, including flavonoids, tannic acid, ellagitannin and phenolic acid, that greatly benefit the human body and help fight disease.
The global polyphenol market is segmented by form, source, application, and geography. On the basis of form, the market is segmented into liquid, powder, and others. On the basis of source, the market is segmented into plant extracts, fruits, vegetables, cocoa, and others. On the basis of application, the market is segmented into functional foods, dietary supplements, beverages, others. On the basis of geography, the study provides an analysis of the polyphenol market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Form | |
| Liquid | |
| Powder | |
| Others |
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| Fruits | |
| Vegetables | |
| Cocoa | |
| Others |
| By Application | |
| Functional Foods | |
| Dietary Supplements | |
| Beverages | |
| Others |
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Polyphenol Market Research FAQs
How big is the Polyphenol Market?
The Polyphenol Market size is expected to reach USD 1.11 billion in 2024 and grow at a CAGR of 8.72% to reach USD 1.70 billion by 2029.
What is the current Polyphenol Market size?
In 2024, the Polyphenol Market size is expected to reach USD 1.11 billion.
Who are the key players in Polyphenol Market?
ADM, Aquanova AG., Ajinomoto Co., Inc, Chr. Hansen Holding A/S and CPC Ingredients Ltd are the major companies operating in the Polyphenol Market.
Which is the fastest growing region in Polyphenol Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polyphenol Market?
In 2024, the Asia Pacific accounts for the largest market share in Polyphenol Market.
What years does this Polyphenol Market cover, and what was the market size in 2023?
In 2023, the Polyphenol Market size was estimated at USD 1.02 billion. The report covers the Polyphenol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyphenol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polyphenol Industry Report
The market analysis for global polyphenols covers various manufacturers and is segmented by form, source, application, and geography. The market report provides insights into the market share, market size, and market growth. The industry report includes a detailed industry analysis, including market trends and market forecast. The industry overview gives a comprehensive look at the market leaders and industry outlook.
The market segmentation includes forms such as liquid, powder, and others. The sources of polyphenols are fruits, vegetables, cocoa, and others. Applications cover functional foods, dietary supplements, beverages, and more. The market data is segmented by regions including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The industry reports offer a thorough industry research and industry statistics, providing a clear market overview and market predictions.
The market review highlights the market value and industry size, offering a detailed market outlook. The industry information includes industry trends and industry sales, while the market forecast provides insights into the market growth and market segmentation. The industry research is supported by industry reports, which include a report example and a report pdf for further reference. Research companies have contributed to the market analysis, ensuring accurate and up-to-date industry information.
