Polyphenol Market size is likely to grow at a high CAGR of 8.26% during the projected timeframe

Polyphenol Market

Global Polyphenol Market was valued at $757 million in 2015, and is expected to reach $1,121 million by 2022, supported by a CAGR of 8.26% during the forecast period 2014 – 2022.

The market holds a substantial scope for growth globally. It is in its growth stage; however, its contribution to the global market is expected to increase significantly within the next six years. It is driven by the increase in awareness among consumers towards health benefits offered by polyphenols. Moreover, with the growing popularity of herbal medicines that contain polyphenol, the demand for herbal products among the sick and elderly members is also on a rise, further accelerating the market growth.

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Though extraction of polyphenols from raw materials such as herbs, fruits, and others is difficult, technological advancements provide a great potential for market expansion.

In 2015, Asia-Pacific dominated the market with two-fifths of the total share, followed by North America. Rise in health awareness coupled with increase in application of polyphenols in cosmetics and dietary supplements is estimated to boost the market in these regions with potential growth in coming years.

Top market players in this sector include Naturex, Layn Natural Ingredients, DuPont-Danisco, ADM, Ajinomoto Omnichem Natural Specialities, Barry Callebaut, PROVA, and CEMOI.

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Key findings of Polyphenol Market

  • In 2015, green tea occupied approximately one-fourth of the total share, in terms of revenue.
  • North America is expected to expand with a CAGR of 4.78% in grape seed polyphenol market from 2016 to 2022.
  • In 2015, functional food occupied approximately one-third of the total share, in terms of revenue
  • Europe and North America together occupied approximately half of the total share in 2015.
  • Europe is expected to expand with a CAGR of 8.02%.

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