Published Date : 16 Dec 2022
The global cocoa based polyphenols market size was surpassed at USD 90.2 million in 2022 and is projected to hit around USD 145 million by 2030 with a registered compound annual growth rate (CAGR) of 6.11% from 2022 to 2030.
Cocoa based polyphenols have a good amount of antioxidants and other micronutrients which are extremely beneficial for many chronic disorders. These polyphenols help in preventing cancer, and many cardiovascular diseases and it is extremely useful for skin problems. They help in improving gut bacteria as polyphenols have a prebiotic effect. The consumption of polyphenols through different food products also helps in managing weight and preventing other sorts of diseases.
Cocoa Based Polyphenols Market Report Scope
|Market Size In 2022||USD 90.2 Million|
|Market Size By 2030||USD 145 Million|
|Growth Rate from 2022 to 2030||CAGR of 6.11%|
|Forecast Period||2022 to 2030|
|Segments Covered||By Application|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
On the basis of application, the functional food product segment is expected to dominate the market in the coming years. Increased awareness regarding the health benefits of the consumption of cocoa based polyphenols is expected to drive market growth across developed as well as developing economies as there has been an increase in purchasing power. Various health benefits associated with the consumption of this product and the preventive effects in case of cardiovascular diseases, cancer or even diabetes the market is expected to grow well in the coming years. consumption of cocoa based Poly phenols in the form of dietary supplements is also increasing due to a preference for natural supplements. There's a greater demand for these dietary supplements in developing economies. the demand for dietary supplements will provide better opportunities for the growth of this market in the coming years.
The Asia Pacific region is expected to have the largest market share in terms of revenue for the cocoa based polyphenols market. The Asia Pacific region had dominated the market in recent years due to a growing demand for different sorts of food products of plant origin. Increase awareness regarding the health of the consumers the market for cocoa based polyphenols is expected to grow during the forecast period. There has been no maximum sales of these products in the countries like China, Indonesia, India as well as Australia. There is a growing health awareness regarding the consumption of functional products, and this is expected to drive the market in the Asia Pacific region. There is a growing demand for cocoa based polyphenols in the form of functional food in the European region. After the pandemic there has been a great demand for various food products that are Better in terms of providing nutrition and help in performing bodily functions in an effective manner due to which there is a great demand for various supplements. There is a growing demand for polyphenols in the North American region. North American region has many major market players that have led to an expansion of the market in this region. With increased purchasing power in the hands of the Middle East population, there has been a growing demand for functional fools. Many international and domestic market players are provided with good opportunities for growth in the Middle East region.
Due to a growing demand for functional foods which offer preventative care for neurodegenerative conditions and different types of cardiovascular disease is the market for cocoa based polyphenols is expected to grow in the coming years. As these products have a good prebiotic effect it is also helpful in providing better immunity and also helps in managing weight. As there's increased awareness regarding the health benefits of polyphenols there has been positive growth in the industry. There is an increased demand for different types of beverages that contain polyphenols. The market players are constantly coming up with innovations that provide better dietary supplements in order to capture the market. These supplements are extremely useful in cases of insulin sensitivity, and they also help in controlling blood pressure. Owing to all of these reasons the market for coca based polyphenols is expected to grow in the coming years. There has been a great demand for this product after the pandemic as people seek a healthy option that helps in boosting their immunity.
Cocoa based polyphenols do not have a very pleasant taste due to the presence of amino acids. These products miss sometimes have some unpleasant taste due to the presence of omega-3 fatty acids. These are some reasons why the market growth is restrained.
In order to overcome the disliked taste of the cocoa based polyphenols there has been a growth in the Development of some other products that would enhance the taste and have a larger market in the coming years. Apart from the consumption of cocoa based polyphenols in the form of functional food, there is an increasing demand for dietary supplements. Consumers seek natural ways for treating all the health issues related to the gut. Natural supplements are in great demand that helps in improving gastrointestinal issues. These natural supplements that contain polyphenols to a great extent are having great demand as they are good for boosting the immunity. The profit margin for functional beverages is extremely high therefore there is a growth in the number of market players due to which the market is expected to grow well in the coming years. As there is a demand for these products in developing economies these regions will provide a good opportunity for growth
In order to authorize different types of functional food products there is a regulatory framework in place. Across many different nations, there are regulations regarding the development of these products. Studies have shown that polyphenols inhibit the absorption of iron in the body and this happens to be a major challenge in the growth of the market as there is a growing awareness regarding health among consumers. It has also been seen that long-term consumption or high consumption of polyphenols may lead to and in the balance of the thyroid gland. And it may cause damage to the kidneys to some extent. These happen to be the challenges for the growth of this market.
The cocoa beverage was launched Nutrixin in the year 2021 stating that the beverage contains a huge amount of polyphenols which accounts to about 600% more than the already existing products. It also addresses the concern of lactose intolerant people as this product happens to be a lactose-free product and it does not contain any added sugars.
Key Market Players
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