Fisetin plant polyphenol molecule. 3D rendering. Atoms are represented as spheres with conventional color coding.
The Polyphenols Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Polyphenols Global Market Report 2024, The polyphenols market size has grown rapidly in recent years. It will grow from $2.14 billion in 2023 to $2.45 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to demand for natural antioxidants and dietary supplements, growth in the food and beverage industries, expansion of functional foods and nutraceuticals, development of polyphenol-rich extracts, increase in research on health benefits.
The polyphenols market size is expected to see rapid growth in the next few years. It will grow to $4.27 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to personalized and targeted polyphenol supplements, expansion in plant-based and vegetarian diets, increased use in pharmaceutical and healthcare products, integration in anti-aging and beauty products, customized polyphenol blends for specific health needs.. Major trends in the forecast period include bioavailability-enhanced polyphenol formulations, regulatory compliance in dietary polyphenol safety, plant-based and vegan polyphenol options, personalized polyphenol recommendations, collaboration between polyphenols and medical research, synergy of polyphenols with other natural compounds.
Rising awareness about the benefits of herbal products over synthetic drugs is significantly contributing to the growth of the polyphenols market. The usage of herbal medicines and polyphenols or nutraceuticals is quickly expanding across the world, with many individuals increasingly turning to these products for the treatment of various health concerns in various national healthcare settings. Recent years have clearly seen a tremendous increase in acceptance and public interest in natural therapies, both in developing and developed countries. For instance, in November 2022, according to the American Botanical Council, a US-based non-profit organization, herbal supplement sales in the US rose by 9.7% in 2021, a significant increase from the previous year. Therefore, the rapid growth in awareness of herbal products is expected to boost demand for polyphenols during the forecast period.
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The polyphenols market covered in this report is segmented –
1) By Type: Flavonoids, Phenolic Acids, Stilbenes, Lignans
2) By Source: Fruits, Vegetables, Whole Grains
3) By Application: Food & Beverage, Dietary Supplement, Cosmetics, Pharmaceuticals
Product launches have emerged as a key trend gaining popularity in the polyphenols market. Many companies operating in polyphenols are developing new products with emerging technologies to meet the industry demand and strengthen their market position across the globe. For instance, in July 2022, Genosa, a Spain-based company engaged in the production of olive fruit-derived natural extracts high in hydroxytyrosol, launched phenol-rich olive fruit extract. The amount of polyphenols in Hytolive Infinity is standardized by up to 25% and amounts to about 1,000 parts per million (ppm). Because it doesn’t contain any emulsifiers, additives, or solvents, the company’s modified process technology allows it to produce high purity hydroxytyrosol, which is more stable and adaptable.
The polyphenols market report table of contents includes:
1. Executive Summary
2. Polyphenols Market Characteristics
3. Polyphenols Market Trends And Strategies
4. Polyphenols Market – Macro Economic Scenario
5. Global Polyphenols Market Size and Growth
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26. South America Polyphenols Market
27. Brazil Polyphenols Market
28. Middle East Polyphenols Market
29. Africa Polyphenols Market
30. Polyphenols Market Competitive Landscape And Company Profiles
Top Major Players:
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