San Francisco, California (PRWEB) May 14, 2014
The global market for polyphenols is expected to reach USD 1,025.7 million by 2020, according to a new study by Grand View Research, Inc. Increasing geriatric population mainly in U.S., Western Europe and Japan is expected to drive polyphenols demand over the forecast period. Growing consumer awareness regarding health benefits offered by polyphenols is also expected to augment the demand, especially in relatively developed markets. Concerns regarding constant raw material procurement and non-uniform labeling regulations across various regional markets are expected to be key challenges for industry participants.
Grape seed polyphenols emerged as the leading product segment in the global market and accounted for 53.9% of total market volume in 2013. Green tea polyphenols are expected to be the fastest growing product segment, at an estimated CAGR of 8.9% from 2014 to 2020.
The report “Polyphenols Market Analysis By Product (Grape Seed, Green Tea and Apple), By Application (Functional Beverages, Functional Food and Dietary Supplements) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/polyphenols-market-analysis.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global polyphenols market on the basis of product, application and region:
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