PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378666
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378666
The global polyphenol market was valued at US$ 1,703.9 Mn in 2022, and is expected to exhibit a CAGR of 6.2%, over the forecast period (2023-2030) to reach US$ 2,750.6 Mn by 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 1,703.9 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 6.20% | 2030 Value Projection: | US$ 2,750.6 Mn |
Polyphenols are known for their health benefits and can be obtained from a variety of food sources. They can improve blood flow and lower the risk of chronic diseases. Polyphenols are a group of naturally occurring compounds found in a variety of plant-based foods, including fruits, vegetables, nuts, seeds, and grains. They are known for their health benefits, which include antioxidant and anti-inflammatory properties, as well as potential benefits for heart health, brain function, and cancer prevention. Polyphenol content of foods can vary depending on factors such as the variety of the plant, growing conditions, and processing methods. However, consuming a diet rich in a variety of fruits, vegetables, whole grains, nuts, seeds, and herbs can help to ensure an adequate intake of polyphenols and other beneficial nutrients.
Growth in the polyphenol market can be attributed to a variety of factors. Changing dietary habits increases the consumption of polyphenol-rich food products. Green tea, for example, contains all types of polyphenols, including flavones and phenolic acids. The polyphenol content in dry green tea is approximately 18%-36% of its total weight, and its presence provides antioxidant properties and improves digestion. Consumers are also increasingly becoming health conscious. With this, polyphenol-containing food products are expected to gain the highest share in the global market. The extraction and purification of polyphenols can be a complex and expensive process, but advancements in technology are making it more efficient and cost-effective. This is enabling manufacturers to produce high-quality polyphenol extracts at a lower cost, which is helping to drive growth in the market.
On the other hand, difficulty in overall processing, manufacturing, and sourcing polyphenol is projected to hinder market growth.