San Francisco, 03 January 2030: The Report Cocoa Based Polyphenols Market Size, Share & Trends Analysis Report By Application (Functional Foods, Functional Beverages, Dietary Supplements), By Region, And Segment Forecasts, 2022 - 2030

The global cocoa-based polyphenols market size is anticipated to reach USD 136.8 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2022 to 2030. The market is predominantly driven by the rising awareness regarding natural antioxidants in food, beverages, and dietary supplements across the globe.

Cocoa based polyphenols, which serve as antioxidants and have possible antibacterial, cardioprotective, anti-inflammatory, anti-carcinogenic, antiviral, anti-allergenic, and anti-hepatotoxic characteristics, are the main chemicals that contribute to human health. They find applications in various industries including functional food & beverages, dietary supplements, dyes, cosmetics & toiletries, and others.

Growing awareness about the effectiveness of cocoa based polyphenols in treating cardiovascular diseases, high cholesterol, and cancer along with the rising number of applications in the food & beverage and pharmaceutical sectors is anticipated to drive the product demand over the forecast period.

The cost of raw materials has a significant impact on the overall costs of this product. Regulatory approvals keep a check on the health and environmental impact of cocoa-based polyphenols. Companies operating in this market require approvals from the concerned regulatory authorities to formulate their products. Once the regulatory approvals are granted, cocoa-based polyphenols are formulated by manufacturers. They use these to develop end-use products such as dietary supplements and functional food items.

Polyphenols are phytochemicals and micronutrients with antioxidant properties. These products offer several health benefits associated with the prevention of cardiovascular diseases, cancer, diabetes, neurodegenerative conditions, aging, and skin-related problems. Polyphenols also have an important prebiotic effect; they increase the ratio of beneficial bacteria in the gut, which is important for overall good health, weight management, and disease prevention.

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Polyphenols are anticipated to grow primarily in the functional food market. They can be considered functional foods as they provide various health benefits beyond basic traditional nutrition. Growing consumer awareness regarding the health benefits associated with polyphenol consumption are projected to positively influence industry growth. Consumers are preferring drinks that are fortified with vitamins, minerals, probiotics, and other immunity-boosting ingredients. These beverages frequently boast the immune-boosting properties of ingredients such as ginger and turmeric in order to gain the attention of consumers. These factors have been driving demand for functional foods and beverages that aid in boosting immunity.

Cocoa Based Polyphenols Market Report Highlights

• In the Asia Pacific, the market is expected to witness the fastest CAGR of 6.2% from 2022 to 2030 in terms of revenue, on account of the increasing demand for dietary supplements and functional foods in the region
• Based on the application, the functional beverages segment accounted for a revenue share of 36.9% in 2021 owing to its rising awareness regarding dietary habits to maintain good health and prevent diseases
• The functional foods segment accounted for a revenue share of 28.4% in 2021. The surging adoption of functional food due to increasing global awareness among consumers regarding preventive healthcare is expected to benefit the overall market growth over the forecast period
• Various strategies that can boost the product demand include joint operations between two prominent players to mark their presence in untapped markets. For instance, Naturex and Barry Callebaut signed an agreement, under which Barry Callebaut agreed to supply high-flavonol cocoa beans to Naturex for manufacturing cocoa extracts and products
• Post Covid-19 pandemic, a rise in demand for digestive as well as immune health augmenting products was observed, which positively influenced the market. Consequently, the sales of supplements including vitamins, protein, omega-3 fatty acids, and others saw immense growth

Recent innovations in the industry have proven the benefits of cocoa in dietary supplements owing to the presence of high content of polyphenols in it. The consumption of cocoa based polyphenol-infused supplements helps in lowering blood pressure and improving insulin sensitivity among users. This, in turn, contributed to the surged demand for cocoa based polyphenols for use in nutritional food or supplements over the past few years. The COVID-19 pandemic has resulted in an immediate concern among consumers regarding overall health and wellbeing and prompted people to look for healthy alternatives in food and beverages in order to boost immunity. Functional beverages offer high nutrient value, which helped boost their demand during the pandemic. Since the outbreak of the COVID-19 pandemic, people have become more focused on their health and well-being than ever before.

Cocoa Based Polyphenols Market Report Scope

The market for cocoa based polyphenols is competitive in nature; wherein the competition is highly dependent upon the strategies applied by key market players to gain a competitive edge over others. Key players are engaged in constant development and expansion of their manufacturing units and processes to meet the growing demand for products containing a high concentration of polyphenols. Industry participants have undertaken various strategic initiatives such as production capacity expansion, diversified product portfolio, mergers and acquisitions, and disinvestments to mark their presence in the market. The market is characterized by the presence of a few big players such as ADM, Sabinsa Corporation, Naturex, and Berkem. These players are among the top manufacturers of polyphenols and cater to the growing demand from various end-use industries such as food and beverage, healthcare, personal care products, pharmaceutical, and nutraceuticals.