MRC recognizes the following companies as the key players in the global polyphenol market: AJINOMOTO, Archer Daniels Midland Company, DSM, DuPont, and NATUREX.
Other Prominent Vendors in the market are: Amax NutraSource, Barry Callebaut, Blue California, Cargill, Chr. Hansen Holding, DIANA, Frutarom, FutureCeuticals, Glanbia, HERZA Schokolade, Indena, Kemin Industries, Guilin Layn Natural Ingredients, Martin Bauer Group, Prinova Group, and Sabinsa.
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Commenting on the report, an analyst from MRC’s team said: “One trend in the market is increasing adoption of polyphenol as coloring agents. Curcumin, bisdemethoxycurcumin, desmethoxycurcumin, and cyclocurcumin extracted from turmeric, which is extensively used as a coloring agent in many food products due to its high heat stability. The global natural food color market was $1,300 million in 2016 and is expected to reach $1,823.3 million by 2021, with a CAGR of 7%.”
According to the report, one driver in the market is rising prevalence of chronic diseases. The polyphenol market is driven by the increase in the number of people with chronic diseases such as cancer, cardiovascular and chronic lung disease, and diabetes. The demand for therapies that help treat these conditions continues to rise, as does the demand for devices used for the earlier diagnosis of these diseases. Technological innovations in the polyphenol market related to the medical industry have resulted in effective drug delivery. Diabetes is a chronic disease caused due to the inadequate secretion of insulin by the pancreas. This disease results in fatigue-related problems, such as dehydration, related to high blood pressure.
Further, the report states that one challenge in the market is fluctuation in the price and quality of raw materials. Raw materials like grapes, tea, apple, olive, cocoa, and pomegranate that are used in the extraction of polyphenol are highly concentrated in terms of price, and the difference in the quality of raw materials decides the final quantity of polyphenol. Fruits like grapes, apples, pomegranate, and berries, are seasonal; the availability and storage of these fruits pose a challenge. Africa is the largest producer of cocoa seeds and berries of superior quality compared to that of the rest of the world. As manufacturers of polyphenol are focusing on the quality of raw materials rather than the quantity, they import cocoa seeds and berries from the African region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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