Global Proanthocyanidins Market to Surpass US$ 372.4 Mn by 2030
The global proanthocyanidins market is projected to reach US$ 372.4 Mn by the end of 2030. The market was valued at US$ 200 Mn in 2020. If these figures hold true, the market will exhibit a CAGR of 6.4% between 2020 and 2030. Growing preference for products with natural ingredients, rising demand for functional food & beverage products and growing application in the personal and cosmetic industries are some of the factors that drive the proanthocyanidin market to expand.
Proanthocyanidins Market - Key Research Findings
- The global proanthocyanidins market will expand at a CAGR of 6.4% over 2020-2030.
- The market has noticeable demand from the food industry.
- Grapes seed remains the preferred source; Cranberry to gain gradual traction.
- North America is the market front-runners for the proanthocyanidins
Key Factors Shaping Proanthocyanidins Market
Proanthocyanidins Witnesses High Demand in Health Care
Proanthocyanidins are reduced tannins with several pharmacological functions. They are considered as phytochemicals that have defence and offense molecules that offer several health benefits. The proanthocyanidins have several health beneficial properties that are antioxidant, antidiabetic, anticancer, antimicrobial, and neuroprotective. Due to this they have a multitude of uses in pharmaceuticals and nutraceutical industries. The food processing waste and agricultural wastes contain huge proanthocyanidins amount that can be a viable source for functional ingredients and dietary supplements.
COVID-19 Outbreak to Have Profound Impact
Proanthocyanidins market is be greatly impacted by the outbreak of COVID-19. Because of the spread of the virus, various regulations have been imposed by governments which are intruding the global trade flow. This outbreak has altered consumer preferences. Additionally, this outbreak has affected the demand and supply of proanthocyanidin market.
Increasing Demand for Flavonoids in Food Industry
Proanthocyanidin is a class of flavonoids found plans, and is the most potent source of antioxidants. Flavonoids are responsible for colour, taste, fragrance, to the flowers, seeds, and fruits. The flavonoids content varies in different food that is due to the source of extraction as well as processing technique of food products. The dietary flavonoids occur naturally in vegetables, chocolate, fruit, and beverages such as tea and wine. The increasing awareness regarding food and health has shifting consumers to look for healthy products which are the key factor that is boosting the demand for flavonoids in the global food industry.
Proanthocyanidins Market: Structure Analysis
- Some of the major players operating in proanthocyanidins market includes NOW Health Group, Inc., Bio Botanica, Inc., Ocean Spray Cranberries, Inc., IL Health & Beauty Natural Oils Co., Inc., Swanson Health Products, Inc., Atrium Innovations Inc., Skin Actives Scientific and others.
- Manufacturers in this market are focusing on developing proanthocyanidin products that cater to various applications such as healthcare, skincare, functional food & beverages, and pet nutrition.
Base year considered
2015 – 2019
2020 – 2030
Market Value in 2020
US$ 200 Mn
Application, Source and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
NOW Health Group, Inc., Bio Botanica, Inc., Ocean Spray Cranberries, Inc., IL Health & Beauty Natural Oils Co., Inc., Swanson Health Products, Inc., Atrium Innovations Inc., Skin Actives Scientific and others
The Pine Bark Segment Estimated to Account for the Largest Share
The pine bark segment is expected to account for the biggest share on the proanthocyanidin market based on source. Pine bark extract helps in reducing muscle discomfort as well as helps cure illnesses related to poor circulation, blood pressure, arthritis, and high blood glucose. Pine bark is filled with compounds of oligomeric proanthocyanidins, and has strong antioxidants. The antioxidant contents of pine bark extracts help in reducing the visible signs of aging in the skin, due to which it is used in anti-aging skin cream formulations. Pine bark as an additive in food applications are gaining acceptance among health conscious customers. In the proanthocyanidin market, demand for pine bark sources remains strong due to nutritional benefits and increased customer awareness.
In terms of application, the market is expected to witness increasing demand from pharmaceuticals, dietary supplements, personal care and cosmetics, and functional food and beverages segments.
North American Market is Projected to Witness Significant Growth
North America is the fastest-growing market for proanthocyanidins, it is projected to record the highest CAGR during the forecast period. North America is a significant consumer of proanthocyanidins. The rise in the aging population, increased the consumption of healthy food, and growing demand for pharmaceuticals are the major factors driving the market in North America. In North America, the U.S. is the most dominant segment and is projected to contribute highest income in the next four to five years due to relatively high consumption due to the high daily intake of proanthocyanidins in the U.S. population. Asia Pacific, however, is expected to see rapid growth over the forecast period due to increased market awareness of proanthocyanidin rich products and increased consumer preferences for nutritionally rich food products in countries such as China and India.
* This data is only a representation. Actual data may vary and will be available in report.
Surge in Demand for Dietary Supplements Derived from Natural Extracts
The global marketplace has undergone a paradigm change from curative to preventive healthcare management practices, making it a prime growth driver for the studied market. Moreover, consumers are looking for a variety of dietary supplements for maintaining and enhancing the overall health and well-being. The healthcare cost is substantially high in emerging economies due to higher per-capita out-of-pocket spending on healthcare, amid the burden of communicable and non-communicable diseases. Such factors prompted customers to opt for dietary supplements. In addition, increasing awareness about the health and therapeutic benefits among consumers has enticed many companies to develop supplements derived from natural extracts such as proanthocyanidins driving the growth of the market.
Functional food & beverages segment holds dominance
Pharmaceuticals & dietary supplements segment to rise at a higher CAGR
Grape seed segment holds dominance
Cranberry segment to rise at a higher CAGR
How Growth will Unfold
Rapid advances made in the dietary supplement industry, especially in developing countries, are driving the proanthocyanidin market to rise. Over the past few years there has been widespread knowledge of dietary strategies to monitor related diseases in the lifestyle. The rising incidence and prevalence of lifestyle related diseases such as diabetes and cardiovascular conditions has been bolstering the demand for supplements containing proanthocyanidins. The rising demand for food products with anti-cancer properties in populations across the world is also fuelling the demand for proanthocyanidin-rich food products. The growing use of proanthocyanidins in the food and beverage industry also helps in market expansion. The rising disposable incomes of people in developing countries, coupled with rising level of awareness about the vast therapeutic benefits of dietary supplements, underpins latent opportunities for market players to capitalize on prevailing trends during the assessment period.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Proanthocyanidins Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Proanthocyanidins Market offers global industry analysis for 2015-2019 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Proanthocyanidins Market, the growth prospects of the market are obtained with maximum precision.
Proanthocyanidins Market Taxonomy
The global Proanthocyanidins Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Food & Beverages
- Dietary supplements
- Personal Care & Cosmetics
- Pine Bark
- Grape Seed
- Drug and pharmacy store
- Convenience stores
- Modern Trade
- Online retail
- North America
- Latin America
The executive summary of the Proanthocyanidins Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Proanthocyanidins Market.
Readers can find the detailed segmentation and definition of the Proanthocyanidins Market in this chapter, which will help them understand basic information about the Proanthocyanidins Market. This section also highlights the inclusions and exclusions, which help the reader, understand the scope of the Proanthocyanidins Market report.
The associated industry assessment of the Proanthocyanidins Market is carried out in this section. The macroeconomic factors affecting growth of the Proanthocyanidins Market are provided in this section and the impact of these macroeconomic indicators on the Proanthocyanidins Market is analyzed. The processing overview and technological advancements in the Proanthocyanidins Market is also provided.
Profit margins at each level of the Proanthocyanidins Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Proanthocyanidins Market.
The drivers and restraints impacting the growth of the Proanthocyanidins Market are explained in this chapter. Opportunities and ongoing trends in the Proanthocyanidins Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Proanthocyanidins Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Application, the Proanthocyanidins Market is classified into Food and beverages, dietary supplements, personal care & cosmetics. This part also offers market attractiveness analysis based on Application.
Based on Source, the Proanthocyanidins Market is classified into Pine bark, Grape seed, Berries . This part also offers market attractiveness analysis based on Source.
Based on distribution channel, the Proanthocyanidins Market is classified into drug and pharmacy stores, convenience stores, modern trade and online retail. This part also offers market attractiveness analysis based on distribution channel.
This chapter explains how the Proanthocyanidins Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Proanthocyanidins Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Proanthocyanidins Market in Latin America. This chapter also includes growth prospects of the Proanthocyanidins Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Proanthocyanidins Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the Proanthocyanidins market in the East Asia region, along with a country-wise assessment that includes Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Proanthocyanidins market.
This chapter offers insights into how the Proanthocyanidins Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Proanthocyanidins Market in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Proanthocyanidins Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Proanthocyanidins Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are NOW Health Group, Inc., Bio Botanica, Inc., Ocean Spray Cranberries, Inc., IL Health & Beauty Natural Oils Co., Inc., Swanson Health Products, Inc., Atrium Innovations Inc., Skin Actives Scientific , Naturex , Indena SPA , Nexira Inc. , Polyphenolics, Xian Yuensun Biological Technology Co.,Ltd., Natac , Eevia Health , Fruit D'or , Scott Laboratories , Elementa Food Ingredients , and Changsha Botaniex Inc.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Proanthocyanidins Market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Proanthocyanidins Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits