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Polyphenol Market Size Analysis, Competitive Landscape, Revenue Status and Forecast
Polyphenol Market
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.
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In addition, brewing industries are expected witness increased consumption of polyphenols owing to their application in liquors and wines. Increase in aged population has given rise to the demand for fortified food supplements to reduce the effects of chronic diseases, which is expected to positively impact the polyphenol market.
The polyphenol market is segmented based on product type, application, and geography. Based on product type, it consists of apple, green tea, grape seeds, and others. According to application, it is categorized into functional beverages, functional food, dietary supplements, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The rise in aging population possessing chronic diseases such as heart disease, Alzheimer’s disease, and osteoporosis needs to be focused on. Moreover, growth in interest in personal fitness among the geriatric population also influences the market growth. The demand for organic products fortified with vitamins and probiotics has increased, as they act as preventive measures against health problems.
Consumers are now more inclined in overall well-being, willing to spend more on nutrition and supplements which is globally improving the polyphenol market share.
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Top market players in this sector include Naturex, Layn Natural Ingredients, DuPont-Danisco, ADM, Ajinomoto Omnichem Natural Specialities, Barry Callebaut, PROVA, and CEMOI.
Key findings of Polyphenol Market
In 2015, green tea occupied approximately one-fourth of the total share, in terms of revenue.
North America is expected to expand with a CAGR of 4.78% in grape seed polyphenol market from 2016 to 2022.
In 2015, functional food occupied approximately one-third of the total share, in terms of revenue
Europe and North America together occupied approximately half of the total share in 2015.
Europe is expected to expand with a CAGR of 8.02%.
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