USD 252.13 Million
Global Proanthocyanidins Market Size, Share, Growth Analysis, By Source(Berries, Grapes), By Form(Powder, Tablet) - Industry Forecast 2024-2031
Report ID:
SQMIG30H2129 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
80
Global Proanthocyanidins Market Insights
Global Proanthocyanidins Market size was valued at USD 252.13 Million in 2022 and is poised to grow from USD 267.51 Million in 2023 to USD 429.59 Million by 2031, at a CAGR of 6.1% during the forecast period (2024-2031).
The increasing consumer awareness of the health benefits associated with proanthocyanidins has solidified the global proanthocyanidins market’s spot as a rapidly growing segment within the nutraceutical and pharmaceutical industries. Proanthocyanidins are a sub-class of polyphenolic compounds that can be found in various plant sources, like berries, pine bark, grapes, apples, and cranberries, and they are widely known for their antioxidant properties.
The continued demand for natural and plant-based ingredients in functional foods and dietary supplements has fueled the growth of the global proanthocyanidins markets. Proanthocyanidins are believed to provide health benefits, including cardiovascular health, improved skin health, and anti-aging properties, which consumers are actively searching for in times of health consciousness.
Proanthocyanidins are believed to have anti-inflammatory and antioxidant properties that combat the signs of aging and promote skin health, thus creating a demand in the cosmetics and skincare industry, which is yet another source for market growth.
Additionally the growth of the global proanthocyanidins market is being propelled by rigorous research proving its potential health benefits like their role in preventing chronic diseases and supporting overall wellness. Health-conscious consumers looking to maintain and improve their well-being are opting for the popular Proanthocyanidin supplements, driving further market growth.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Tablet
Fastest Growth
Powder
Growth Rate
6.1% CAGR
Global Proanthocyanidins Market ($ Bn)
Country Share for North America Region (%)
Global Proanthocyanidins Market Size By Form ($ Bn)
Global Proanthocyanidins Market Size By Form (%)
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Global Proanthocyanidins Market Segmental Analysis
By Source, the market is segmented into Berries, Grapes, Others. By Form, the market is segmented into Powder, Tablet. By Sales Channel, the market is segmented into Offline Channels, Online Channels. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Source
Berries, including blueberries, cranberries, and strawberries, as source of proanthocyanidins, have taken a dominant position in the global proanthocyanidins market. The growing awareness of the health benefits associated with berries and their high content of proanthocyanidin have driven their popularity in the market. The antioxidant properties found in proanthocyanidins have been linked to promoting anti-aging effects, improving cardiovascular health, and a potential in cancer prevention. The demand for proanthocyanidins from berries has grown exponentially as consumers choose to imbue natural and functional ingredients in their diets, stabilizing its position as the dominant source in the market.
Conversely, Grapes, grape seeds in particular, have become the fastest growing source segment within the global proanthocyanidins market. Grape seed extract is recognized for its high proanthocyanidin content, which contributes to its various health benefits, including promoting skin health, supporting cardiovascular health, and aiding in the management of diabetes. As scientific research continues to uncover the potential health advantages of grape-derived proanthocyanidins, demand has surged. Additionally, the growth potential of this segment has been unlocked due to the discovery of the usage of grape seed extract in dietary supplements, cosmetics, and functional foods.
Analysis By Form
Based on classification by form, the global proanthocyanidins market is dominated by the Tablet-form Proanthocyanidins segment due to their ease of consumption, convenience, and availability. Tablets can be easily integrated into daily routines and offer precise dosing thus making them a popular choice among consumers who are looking for dietary supplements and health products. The tablet form is also favored by consumers because it has a longer shelf life and offers better stability of proanthocyanidins.
On the other hand, the powder segment is the fastest-growing form category in the global proanthocyanidins market. The global consumer base prefers the versatility of the powder form and how it can be customized differing from person to person, which explains the growth of this segment. Proanthocyanidin powders are frequently used in a number of applications, including shakes, smoothies, and as ingredients in food and beverage products. Consumers looking for quick and effective health benefits opt for the powdered form as it allows more rapid absorption in the body.
Global Proanthocyanidins Market By Form, 2023 (%)
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Global Proanthocyanidins Market Regional Insights
North America comes out at the top as the dominant region in the global proanthocyanidins market. A growing demand for natural and plant-based products, a well-established dietary supplements and healthcare industry, and an increasing awareness of the health benefits associated with proanthocyanidins is credited for the region's supremacy. The presence of major manufacturers and suppliers of proanthocyanidin-rich products and a large consumer base in the region, the United States, in particular, are the reasons for heightened demand in North America.
Conversely, The Asia-Pacific region holds the title of the fastest-growing region in the global proanthocyanidins market. A growing middle-class population with disposable income, an increasing demand for dietary supplements and functional foods, and the rising health consciousness among consumers has fueled the rapid growth in the APAC region. Conventional medicine systems in nations like China and India regularly use natural ingredients like proanthocyanidins, which results in further market growth in the region. As a result of the culmination of these factors, The APAC region is now dealing in both the production and consumption of proanthocyanidin-rich products, solidifying its position as the fastest-growing region in the global market.
Global Proanthocyanidins Market By Region, 2024-2031
- Largest
- Fastest
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Global Proanthocyanidins Market Dynamics
Drivers
Growing Health Consciousness:
- The demand for products containing proanthocyanidins has risen as consumers become increasingly aware of the capability of its antioxidant properties, which can provide health benefits such as potential cardiovascular and cognitive health benefits. To maintain their health-conscious lifestyles, consumers actively sought supplements, foods, and beverages rich in proanthocyanidins content.
Expanding Applications in Nutraceuticals:
- The nutraceutical industry was widely using proanthocyanidins as natural ingredients in dietary supplements. The proanthocyanidins market was largely driven by the heightened demand for natural and plant-based ingredients in nutraceuticals. Proanthocyanidins were being marketed across the globe for their potential to support various health concerns, including cognitive function, antioxidant support, and skin health.
Restraints
Supply Chain Challenges:
- Agricultural practices, climate conditions, and crop yields widely influence the global supply of proanthocyanidins. Scarcity in the availability and quality of raw materials can prove problematic for manufacturers, as this results in supply chain disruptions and potential price fluctuations, which could inhibit market's growth.
Regulatory and Safety Concerns:
- Natural compounds, like proanthocyanidins, are put under strict regulatory scrutiny regarding health claims, safety, and labeling. Non-compliance with these regulations can result in marketing and legal restrictions, and meeting these requirements are challenging for manufacturers and marketers of proanthocyanidin-containing products since it can cause delays. These regulatory challenges barricade the entry of smaller players in the industry, resulting in a fall in market growth.
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Global Proanthocyanidins Market Competitive Landscape
A plethora of key players like industry leaders and emerging firms are constantly vying for market share, and this defines the competitive landscape of the global proanthocyanidins market. A few of the prominent names in the market include Nexira, Naturex, Xi'an Hao-Xuan Bio-Tech Co., Ltd, and Indena S.p.A. In order to expand their product range through innovation, these companies are actively engaged in extensive research and development activities. Factors such as strategic partnerships, global expansion, and the development of new proanthocyanidin-based products fuels the competition in the market. As consumers grow more aware of the health benefits of proanthocyanidin supplements and extracts, these market players are targeting the increase of their production capacity to meet the growing demand. Additionally, in order to explore and find new applications and potential health benefits of proanthocyanidins, the market participants form collaborations and alliances with research institutions, thus further intensifying competition. The businesses in the market make use of marketing strategies like advertising and product branding to grow brand recognition and market penetration. To conclude, the global proanthocyanidins market is highly competitive and constantly evolving as key players actively strive to gain and keep a competitive edge through product differentiation, innovation, and strategic alliances. Consumers win in this battle between market participants as they are offered a wide range of high-quality proanthocyanidin products.
Top Player’s Company Profile
- Atrium Innovations Inc. (Canada)
- Naturex (France)
- Indena S.p.A. (Italy)
- Nexira (France)
- Sabinsa Corporation (USA)
- Layn Natural Ingredients Corp. (China)
- Organic Herb Inc. (China)
- Blue California (USA)
- Cargill, Incorporated (USA)
- Xi'an Sost Biotech Co., Ltd. (China) (China)
- Shaanxi Huike Botanical Development Co., Ltd. (China)
- Xi'an App-Chem Bio (Tech) Co., Ltd. (China)
- Hunan Huacheng Biotech, Inc.
- HerbaKraft, Inc. (USA)
- Nature's Life (USA)
- Hunan NutraMax Inc. (China)
- Les Dérivés Résiniques et Terpéniques (DRT) (France)
- Xian Tonking Biotech Co., Ltd. (China)
- Polyphenolics (USA)
- Bio-Botanica Inc. (USA)
- Nutra Green Biotechnology Co., Ltd. (China)
- HERZA Schokolade GmbH & Co. KG (Germany)
- Hunan Greenland Plant Resource Development Co., Ltd. (China)
- Synthite Industries Ltd. (India)
- InnoBio Limited (Hong Kong)
Recent Developments
- In February 2023, Naturex S.A., a botanicals company that produces and sells plant extracts to the food industry for flavoring, coloring, or preservative purposes, launched a new proanthocyanidins product called Pycnogenol. This product is obtained from pine bark and the company reports it has a number of health benefits, including reducing inflammation and improving circulation.
- In March 2023, Nexira, a global leader in acacia, natural ingredients and botanical extracts, announced their purchase of Polyphenolics, a renowned supplier of proanthocyanidins. This acquisition will help Nexira to expand its product range and penetrate new regional markets.
- In April 2023, Indena S.p.A., the world's leading company in the identification, development and production of active principles derived from plants, launched a new line of proanthocyanidins products. These products are developed and manufactured for their use in dietary supplements, functional foods and beverages, and cosmetics.
Global Proanthocyanidins Key Market Trends
- Growing Demand for Natural Antioxidants: The increasing demand for natural antioxidants in various industries, including dietary supplements, food and beverages, pharmaceuticals, and cosmetics, is one of the most prominent trends in the proanthocyanidins market. Proanthocyanidins are by nature full of natural antioxidants, and thus were sought for their potential health benefits, including their ability to support overall health and neutralize free radicals. There was a rising requirement for products containing natural antioxidants like proanthocyanidins as consumers continue becoming more concerned about synthetic additives and health-conscious.
- Expanding Applications in Functional Foods and Nutraceuticals: Proanthocyanidins have found various applications in nutraceuticals and functional foods. Manufacturers increasingly used these compounds to integrate them in a wide range of products, such as energy bars, dietary supplements, snacks, and beverages, incorporating healthy elements into consumer consumption. The development of innovative proanthocyanidin-rich products that aim to improve points of health concerns like cognitive function, cardiovascular health, and skin health market has driven further market growth. As consumers continue to show interest in products that provide health benefits and also taste good, it is expected that this trend will stick around for a while.
Global Proanthocyanidins Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global proanthocyanidins market analysis, the market has seen significant growth in recent years, primarily driven by increasing consumer awareness of the health benefits associated with these natural compounds. The potential health-promoting effects and antioxidants found in Proanthocyanidins, which is a group of polyphenolic compounds found in various fruits, vegetables, and nuts, have thrusted its popularity in the market. The growing demand for functional foods and dietary supplements enriched with proanthocyanidins are one of the key drivers of this market's expansion. Manufacturers are increasingly integrating proanthocyanidins into their offerings as consumers are now on the lookout for natural and plant-based products to support their overall health and well-being. Additionally, the market growth of proanthocyanidins has propelled further due to ongoing research underscoring its potential benefits like skin health improvement, improving cardiovascular health, and its anti-inflammatory effects. Rigorous research has also opened up the exploration of the use of these compounds in preventing chronic diseases, including cancer. The proanthocyanidins market is also largely influenced by the cosmetics and skincare industry. Proanthocyanidin-rich extracts are increasingly used in skincare products for their potential to protect the skin from oxidative damage and improve its appearance. However, challenges include the need for standardized extraction processes and quality control measures to ensure the efficacy and safety of proanthocyanidin-containing products. Regulatory scrutiny and varying consumer preferences also impact market dynamics. As research on proanthocyanidins continues and demand for natural health solutions remains strong, the global proanthocyanidins market is expected to witness continued growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 252.13 Million |
| Market size value in 2031 | USD 429.59 Million |
| Growth Rate | 6.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Proanthocyanidins Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Proanthocyanidins Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Proanthocyanidins Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Proanthocyanidins Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Proanthocyanidins Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Proanthocyanidins Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Proanthocyanidins Market Report Snapshots
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