Polyphenols Market [2022-2031] Status and Prospect | Global Industry Size, Growth Rate, Share, Players Profiles, Upstream and Downstream Analysis, Cost Analysis, Revenue, Price and Gross Margin Research

Kenneth Research recently added a report on the Polyphenols Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

The global market for Polyphenols is projected to grow at a CAGR of nearly 7.3% over the projected period of time. The market, along with technological advances in the polyphenol extraction method, is expected to be driven by development in the worldwide functional food and beverage sector. Technological advances and investments allow companies to create innovative product alternatives for a broad spectrum of apps. Polyphenols is awarded Generally Recognized as Safe (GRAS) status from Food and Drug Administration (FDA) federal agency owing to which It is anticipated that the food and beverage industry will extend its range of implementation from the niche nutraceutical industry to the food and beverage industry.

The use of polyphenols in liquors and wines is anticipated to increase in the brewing sectors. Furthermore, polyphenols have characteristics that assist prevent and reduce the development of diabetes, cancer, and cardiovascular and neurodegenerative diseases owing to which polyphenols are finding huge applications in the dietary supplement segment in the economies like U.S, Canada, China, India, South Korea, etc. Also, this trend is anticipated to increase the market for polyphenols as it is widely used in health foods.

In terms of source, fruits dominated the global polyphenols market followed by plants extract segment. Phenolic acids and flavonoids in green tea leaves are capable of representing up to 10 per cent of dry weight and 30% of new black tea leaves. Coffee beans and cocoa have long been recognized as food rich in polyphenols. Their extracts are regarded useful in the therapy of several diseases. Asia Pacific holds majority of the polyphenol production owing to the presence of economies such as China and Japan.

The comprehensive report provides market estimates and forecasts for leading domestic markets across the world for the period from 2019 to 2029. In addition, the report includes dedicated leading companies covering 10 leading Polyphenols industry producers. Key players included in this report are S.A. Ajinomoto OmniChem N.V., Archer Daniels Midland Company, B Food Science Co., Ltd., BENEO GmbH, Baolingbao Biology Co. Ltd, CSPC Shengxue Glucose Co., Ltd., Cargill, Inc, DFI Corporation, DHW Deutsche Hydrierwerke GmbH, Dupont Nutrition & Health (Danisco).

The report on the Polyphenols Market 2019-2029 will appreciate anyone who wants to better understand the trends in source, application, and by geography. The report also tells key developments, regulations, strategy deployed by leading producers and the market size of polyphenols. It will be useful for companies that want to better understand the part of the market in which they are already involved or those that want to enter or expand into another regional or technical part of the polyphenols industry.

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