Market Size of Polyphenol Industry
| 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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
