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Polyphenols Market Segments, Analysis, Size, Share And Outlook Report 2024 To 2033
Polyphenols Market Segments
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According to The Business Research Company's, The polyphenols market size has grown rapidly in recent years. It will grow from $2.14 billion in 2023 to $2.45 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to demand for natural antioxidants and dietary supplements, growth in the food and beverage industries, expansion of functional foods and nutraceuticals, development of polyphenol-rich extracts, increase in research on health benefits..
The polyphenols market size is expected to see rapid growth in the next few years. It will grow to $4.27 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to personalized and targeted polyphenol supplements, expansion in plant-based and vegetarian diets, increased use in pharmaceutical and healthcare products, integration in anti-aging and beauty products, customized polyphenol blends for specific health needs.. Major trends in the forecast period include bioavailability-enhanced polyphenol formulations, regulatory compliance in dietary polyphenol safety, plant-based and vegan polyphenol options, personalized polyphenol recommendations, collaboration between polyphenols and medical research, synergy of polyphenols with other natural compounds..
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Market Drivers and Trends:
Rising awareness about the benefits of herbal products over synthetic drugs is significantly contributing to the growth of the polyphenols market. The usage of herbal medicines and polyphenols or nutraceuticals is quickly expanding across the world, with many individuals increasingly turning to these products for the treatment of various health concerns in various national healthcare settings. Recent years have clearly seen a tremendous increase in acceptance and public interest in natural therapies, both in developing and developed countries. For instance, in November 2022, according to the American Botanical Council, a US-based non-profit organization, herbal supplement sales in the US rose by 9.7% in 2021, a significant increase from the previous year. Therefore, the rapid growth in awareness of herbal products is expected to boost demand for polyphenols during the forecast period.
Product launches have emerged as a key trend gaining popularity in the polyphenols market. Many companies operating in polyphenols are developing new products with emerging technologies to meet the industry demand and strengthen their market position across the globe. For instance, in July 2022, Genosa, a Spain-based company engaged in the production of olive fruit-derived natural extracts high in hydroxytyrosol, launched phenol-rich olive fruit extract. The amount of polyphenols in Hytolive Infinity is standardized by up to 25% and amounts to about 1,000 parts per million (ppm). Because it doesn't contain any emulsifiers, additives, or solvents, the company's modified process technology allows it to produce high purity hydroxytyrosol, which is more stable and adaptable.
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Major Key Players of the Market:
The Archer-Daniels-Midland Company, Cargill Inc., Diana Naturals S.A.S. Unipersonelle, Frutarom Industries Ltd., Glanbia Nutritionals Inc., Naturex SA, Indena S.p.A, Ajinomoto Co Inc., Chr. Hansen Holdings AS, Barry Callebaut AG, Seppic Inc., Tianjin Jianfeng Natural Product R & D Co Ltd., Royal DSM N.V., International Flavors & Fragrances Inc., Botaniex Inc., Chongqing kerui nanhai pharmaceutical Co Ltd., Martin Bauer GmbH & Co, Aquanova AG, CPC Ingredients Ltd., Sabinsa Corporation, Xian Yuensun Biological Technology Co Ltd., Hunan Huacheng Biotech Inc., Changsha E.K. Biotechnology Co.Ltd., Shaanxi Jiahe Phytochem Co Ltd., Hunan Nutramax Inc., Hunan Sunfull Bio-tech Co Ltd., Hunan Huixin Biotech Inc., Hunan Huakang Biotech Inc., Hunan Yuanhang Biotechnology Co Ltd.
Polyphenols Market 2024 Key Insights:
• The polyphenols market size is expected to see rapid growth in the next few years. It will grow to $4.27 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%.
• Growing Awareness Of Herbal Products Sparks Demand For Polyphenols In Healthcare
• Innovative Product Launches Reshaping The Polyphenols Market Genosa Introduces High-Purity Olive Fruit Extract
• Asia-Pacific was the largest region in the polyphenols market in 2023
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