Polyphenol Market Worth USD 2.7 Billion by 2030, to grow at a CAGR of 5.2% - Report by Allied Market Research
As extraction of polyphenols from raw materials such as herbs, fruits is difficult, technological advancements will provide a great potential for market.
PORTLAND, OR, US, February 16, 2023 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global Polyphenol Market1 generated $1.6 billion in 2020, and is projected to reach $2.7 billion by 2030, witnessing a CAGR of 5.2% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ง๐ต๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐ ๐ข๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/request-sample/1808
Growth in awareness of consumers toward health benefits offered by Polyphenols and growth in preference of polyphenols extracted from herbal products over synthetic products drive the growth of the global polyphenol market. However, complex manufacturing process of polyphenols restrains the market to some extent. On the other hand, increase in applications of polyphenols and rise in health consciousness present new opportunities in the upcoming years.
๐ง๐ผ๐ฝ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐๐ป๐ฐ๐น๐๐ฑ๐ฒ๐ฑ:
The key players operating in the polyphenol industry have adopted product launch, business expansion, and merger & acquisition as their key strategies to expand their market share, increase profitability, and remain competitive in the market. Leading players analyzed in the polyphenol market analysis include Ajinomoto Co., Inc., Aquanova AG, Archer-Daniels-Midland Company, Botaniex, Inc., Chongqing kerui nanhai pharmaceutical co., ltd, Martin Bauer GmbH & Co. KG, Indena S.p.A., FutureCeuticals, Inc., Glanbia Nutritionals Inc., and CPC Ingredients Ltd.
๐๐๐ ๐ก๐ผ๐ & ๐๐ฒ๐ ๐๐ ๐ฐ๐น๐๐๐ถ๐๐ฒ ๐๐ถ๐๐ฐ๐ผ๐๐ป๐ ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ : https://www.alliedmarketresearch.com/checkout-final/e895499669e0e0f83c1e2673fb8a90c6
The polyphenol market is segmented on the basis of product type, type, application and region. By type, it is categorized into apple, green tea, grape seed and other polyphenols. By type, the market is segmented into flavonoid, resveratrol, phenolic acid and lignin. On the basis of application the market is subdivided into functional beverages, functional foods, dietary supplements and others. A major consumer shift toward their health has been witnessed, which may increase the demand for new products in the developing market. On the basis of region, the market is classified into North America, Europe, Asia-Pacific, and LAMEA.
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ข๐๐๐น๐ผ๐ผ๐ธ:
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding around one-third of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the Asia-Pacific region is projected to manifest the fastest CAGR of 6.7% during the forecast period. Other regions discussed in the report include Europe, and LAMEA.
๐๐๐ฌ ๐๐๐ก๐๐๐ก๐๐ฆ ๐ข๐ ๐ง๐๐ ๐ฆ๐ง๐จ๐๐ฌ
-> In 2020, green tea occupied approximately one-fourth of the total share, in terms of revenue.
-> North America is expected to expand with a CAGR of 2.9% in grape seed polyphenol market from 2020 to 2030.
-> In 2020, dietary supplements occupied more than one-third of the total share, in terms of revenue
-> Europe and North America together occupied more than half of the total global share in 2020.
-> Europe is expected to expand with a CAGR of 5.0%.
-> Resveratrol is the fastest growing segment during the polyphenol market forecast period.
๐๐ฒ๐ ๐ฌ๐ผ๐๐ฟ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฒ๐ฑ: https://www.alliedmarketresearch.com/request-for-customization/1808
Rise in demand for herbal products, increase in health benefits offered by polyphenol, and growth in geriatric population are the major factors that fuel the polyphenol market growth. The anti-aging properties associated with polyphenols coupled with antitumor and anti-carcinogenic properties result in their applications in cosmetics and medical sectors, respectively.
๐๐ต๐ฒ๐ฐ๐ธ ๐ผ๐๐ ๐บ๐ผ๐ฟ๐ฒ ๐ฟ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐๐๐๐ฑ๐ถ๐ฒ๐ ๐ฝ๐๐ฏ๐น๐ถ๐๐ต๐ฒ๐ฑ ๐ฏ๐ ๐๐ ๐ฅ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต:
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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