Polyphenols Market Size, Share, Growth Analysis, By Product(Grape Seed, Green Tea), By Application(Functional Beverages, Functional Foods) - Industry Forecast 2024-2031

Global Polyphenols Market size was valued at USD 1.68 Billion in 2022 and is poised to grow from USD 1.80 Billion in 2023 to USD 3.19 Billion by 2031, at a CAGR of 7.4% during the forecast period (2024-2031).

The demand for natural and plant-based ingredients in the food, beverage, and dietary supplement industries is on the rise. Polyphenols, being derived from plant sources, align with this consumer trend. As consumers seek cleaner and more natural options, the demand for polyphenol-rich ingredients and products is increasing. Manufacturers are incorporating polyphenols into a wide range of products, including functional foods, beverages, supplements, and personal care products. The product's popularity is ascribed to its multiple health benefits, such as its ability to prevent diseases like diabetes, cancer, and aging. Furthermore, polyphenols are utilized in foods and beverages to supplement the diet with nutrients such as vitamins and minerals. Polyphenols include micronutrients & phytochemicals with antioxidant effects. Prebiotic characteristics are incorporated in the product, to boost the gut's population of bacteria in a way that is useful for overall health, weight control, and illness prevention.

Manufacturers are required to give new product options due to improvements in nutritional and medical goods that are also expected to boost sales during the forecast period. In 2021, the grapeseed sector dominated the marketplace in both revenue and volume. This is due to the product's usefulness in treating cardiovascular disorders, skin allergies, or eye diseases caused by diabetes and cancer.

Polyphenols are projected to gain traction in the field of functional foods first and foremost. They are termed functional foods because they provide health benefits that go beyond basic conventional nutrition. Changing demographics and increased health awareness are expected to have a favorable impact on the sector.