U.S. and Europe polyphenol Market to Reach Valuation of $584.91 Billion by 2025
Growth in awareness of consumers toward health benefits offered by polyphenols, rise in preference of polyphenols extracted from herbal products over synthetic products, and increase in ag have fueled the growth of the U.S. and Europe polyphenol Market. On the other hand, complex manufacturing process of polyphenols has checked the growth to certain extent. Nevertheless, increase in applications of polyphenols, rise in health consciousness, and growth in application of passion fruit have created multiple opportunities in the segment.
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Among types, the grapeseed segment contributed the largest share in 2017, accounting for more than half of the total revenue. This segment is expected to maintain its dominance throughout the forecast period, owing to its anti-aging and antioxidant properties, for which, it has a significant demand in the personal care and skin care industry. However, the passion fruit segment is expected to register the highest CAGR of 6.7% from 2018 to 2025, owing to its adoption in health-related products and rise in use of fruit extracts and supplements. The report also analyzes apple, green tea, and others product types.
Functional beverages segment accounted for the largest share in 2017, contributing more than one-third of the total market revenue in 2017. Moreover, this is segment is expected to register the highest CAGR of 5.4% during the forecast period, owing to the health benefits and convenience offered by such beverages. The report also analyzes functional food, dietary supplements, and others segments.
Europe contributed more than half of the total market share in 2017, owing to increase in health consciousness and rise in consumption of functional foods, functional beverages, and supplements. This segment is expected to maintain its lead throughout the forecast period. However, the U.S. is projected to grow at the fastest CAGR of 5.2% from 2018 to 2025. This is due to the increase in preference for herbal & functional products, growth in geriatric population, and rise in health awareness among the populace.
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The key market players analyzed in the research include Amax NutraSource, Inc., Koninklijke DSM N.V., Cargill Inc., Glanbia Nutritionals, Inc., Futureceuticals, Inc., Naturex S.A., NOF America Corporation, Swanson Health Products, Indena S.P.A., and Berkem. They have implemented various strategies such as partnerships, mergers & acquisitions, expansions, collaborations, joint ventures, and others to gain a stronghold and lead position in the market.
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