The North American region is expected to expand with a CAGR of 4.78% in grape seed polyphenol market during 2016–2022.
Portland, OR -- (SBWIRE) -- 03/05/2018 -- The research offers description of parameters that drive, restrict, and challenge the industry. In addition, it outlines opportunities that prevail in the market.
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According to the study, functional beverages dominated the polyphenol industry with two-fifths share, in terms of revenue in 2015. It highlights major factors that accelerate growth of the market, such as rise in demand for herbal product. Other aspects that fuel its growth are increase in health benefits offered by polyphenol and and growth in geriatric population. There are several alternative reasons due to which it finds various applications in medical and cosmetic sectors. These include anti-aging properties associated with polyphenols in combination with antitumor and anti-carcinogenic properties.
Furthermore, it is anticipated that the brewing industries would witness increase in consumption of polyphenols. This is due to their usage in liquors and wines. Rise in aged population also gives growth to the demand for fortified food supplements to decrease the effects of chronic diseases. This is expected to positively impact the polyphenol market. The grapeseed polyphenols occupied more than half of the total share by revenue in 2015. It is used in treatments of atherosclerosis (hardening of the arteries), high blood pressure, high cholesterol and poor circulation, complications related to diabetes, nerve and eye damage, vision problem, swelling after injury or surgery, and cancer prevention that leads to growth of the market. Moreover, investments in research and development activities and technological advancements are expected to propel the demand for polyphenols with potential scope for expansion.
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Key findings of Polyphenol Market
- Green tea occupied approximately one-fourth of the total share, in terms of revenue in 2015.
- Functional food covered approximately one-third of the total share, in terms of revenue in 2015.
- Europe and North America together contributed approximately half of the total share in 2015.
- The Europe region is expected to expand with a CAGR of 8.02%.