Polyphenols Market Size, Regional Outlook, Application Development Potential, Price Trends, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2659
Polyphenols Market size is poised to be robust over 2021-2027 with increasing penetration of grape seed extract. End-use applications such as functional beverages, dietary supplements and cosmetics & toiletries will contribute to the industry growth. Polyphenols are found in plants that have antioxidant and anti-bacterial properties, offering advantages associated with potential prevention of diabetes, cardiovascular diseases, neurodegenerative conditions and aging.
Technological advancements and increasing trend for herbal products among elderly population will further expedite polyphenols industry growth. The trend for personal fitness among the geriatric population will also encourage leading ingredient providers to boost their portfolios.
Based on product, the grape seed segment will be a major growth enabler through 2027 given its antioxidant status. Grape seed polyphenol has become popular in personal care products and skin cosmetics that can prevent against tissue damage, oxidative stress and inflammation. The features of grape seeds to protect the skin from disease, premature aging and decay.
With respect to application, the polyphenols market share from functional food segment is poised to grow at a significant growth rate over 2021-2027. Polyphenols produced by plants have become an essential ingredient in functional food to reinforce the nutrition portfolio as they have invaluable effects in protecting from specific diseases, with benefits such as anti-inflammatory, pro-oxidant, cytotoxic, anti-diabetic and antihypertensive. Heightened awareness about preventing health issues is expected to boost the use of polyphenols globally.
In terms of region, Europe polyphenols market forecast will be strong following the penetration of dietary supplements. Dietary supplements have gained uptick with increasing demand for natural solutions. Supplements with naturally sourced ingredients have become popular to boost immunity, gastrointestinal conditions and gut health. Additionally, nutraceuticals are also contributing to the regional growth as businesses continue to focus on functional food & beverages.
Key vendors in the global polyphenols market are DuPont-Danisco, Layn Natural Ingredients, Naturex, CEMOI Barry Callebaut, Kemin Industries, PROVA, ADM and Omnichem, among others. The competitive landscape indicates increased traction for strategic alliances, partnerships, collaborations and mergers & acquisitions.
To illustrate, in June 2021, Layn Natural Ingredients announced an investment of USD 148 million to boost botanical ingredient innovations and infrastructure expansion. The company will apparently focus on R&D and will look to keep up with the demand for natural ingredients and polyphenol-based botanical ingredients.
Potential impact of the COVID-19 outbreak on the global polyphenols market share
The onset of the coronavirus pandemic disrupted the supply chain across many industries in the midst of growing demand for natural immune support, healthy ingredients and other clean label products. Food and ingredients manufacturers have expedited the production of functional food, including those based on citrus and berries extracts, for instance. Increasing research activities on the possible use of polyphenols for population affected by the pandemic have also augured well for the polyphenols market outlook.
According to the Journal Integrative Physiology, researchers found that dietary polyphenols could potentially lead to beneficial effects in COVID-19. Considering the trend for natural ingredients amidst the outbreak, leading players are expected to fuel the market footfall of polyphenols.
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