Global Polyphenols Market Overview:
Polyphenols are widely used as dietary supplements both in food and beverage industries. The Polyphenols market growing at a CAGR of 8.0% from 2016 to 2023, the demand was 15.38 kilo tons in 2018 and will reach 32.88 kilo tons by 2023. Polyphenols play a vital role to prevent and cure diseases like cardiovascular, diabetes and cancer and also taken as a dietary supplement. Polyphenols are found in natural way in fruits and vegetables, where many customers prefer the natural origin. Based on source, the Polyphenols are segmented to green tea, grape seeds, apple and beetroot. Green tea source leads the growth in the market than the grape seed. It is also used in anti-aging properties, which helps to prevent skin exposure to UV rays.
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Global Polyphenols Market – Drivers and Restraints:
The major driven factors for the growth of polyphenols market are its effective health benefits. The interests for organic products among the consumers are rapidly increasing where it is also a factor for the growth of this market. People incline more on dietary supplements and nutrition, which is making Polyphenols market to grow. It also plays an important role for prevention of cancer, diabetes and cardiovascular diseases, driving the global market. The growth in demand for green tea which helps in weight management is fueling the growth for the market. However, lack of knowledge in the usage of polyphenols is hindering the market growth. Dependency on the natural products like green tea, grape seed is sustaining the market growth.
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Global Polyphenols Market – Geographical Segmentation:
The market segmented on the basis on geography into North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. In the forecast period the CAGR is expected to be high. Asia Pacific region is leading the market share and will continue the same in the forecast period due to rising health habits and concerns, North America to grow the demand among the consumers by increasing the production. China and India are expecting to witness rapid growth due to increase in dietary supplements market. The Polyphenols market is expected to grow at a CAGR of 4.97% between 2016 and 2022 by rising awareness in the LAMEA region. North America is boosting the product demand by adding dietary supplements due to their bioactive compounds. Europe market is growinh with the demands in production of anti-ageing cosmetics and rising awareness among the consumers.
List of Key Players in Global Polyphenols Market:
Kemin Industries, Naturex, PROVA, Ajinomoto OmniChem Natural Specialities, Indena S.P.A, Frutarom Ltd., Diana Naturals, Martin Bauer Group., Layn Natural Ingredients Corp, Chr. Hansen, DSM, DuPoint Danisco, ADM, Barry Callebaut, FutureCeuticals, Prinova, Glanbia Nutritionals, Amax NutraSource Inc., Cargill Inc., Blue California, and Fruitomed are key players in the Polyphenols market.
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