Hydroxytyrosol Market To Witness Stellar Growth Rate In Next 10 Years : Fact.MR

An EFSA-approved health study on olive oil polyphenols found that hydroxytyrosol supplements could improve cardiovascular health to a great extent and reduce the risk of heart problems. Owing to this fact, use of hydroxytyrosol in the development of functional foods, nutraceuticals, and supplements has increased in the past half-decade.

Increasing disposable income is prompting consumers to shift towards healthier lifestyles with rising dependence on supplements and nutraceuticals. In addition, hydroxytyrosol usage in cosmetic products offers superior antioxidant properties, thereby provide antiaging and anti-wrinkle effects, which is widely sought out by millennials.

North America currently consumes the most hydroxytyrosol produced across the globe, followed by European countries. This is because a large portion of supplement, cosmetics, and pharmaceutical industries are based in these regions, and hydroxytyrosol plays an important role in these end-use industries.

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Key Market Segments Covered

By Form
Powder Hydroxytyrosol
Liquid Hydroxytyrosol

By Product Type

Natural Hydroxytyrosol
95% Purity
20% Purity
10% Purity

Synthetic Hydroxytyrosol
95% Purity
20% Purity
10% Purity

By Source
Standard Olive Oil
Virgin Olive Oil
Catechol

By Application
Application of Hydroxytyrosol in Pharmaceuticals
Application of Hydroxytyrosol in Nutraceuticals
Application of Hydroxytyrosol in Functional Food
Application of Hydroxytyrosol in Supplements
Application of Hydroxytyrosol in Cosmetics

By Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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Key Takeaways from Market Study

The hydroxytyrosol market is anticipated to add 1.9X value by 2031 as compared to 2021.

Cosmetics application captures major chunk equivalent to one-third of the global market, and is set to create an absolute $ opportunity of around US$ 480 Mn during 2021-2031.

supplement application is anticipated to gain around 266 BPS and expand at around 9% CAGR over the forecast period of 2021-2031.

Liquid hydroxytyrosol is anticipated to gain around 330 BPD over the period of 2021-2031, and create an absolute $ opportunity of around US$ 800 Mn by 2031.
Virgin olive oil as a source captures a major share equivalent to half of the global hydroxytyrosol market, and is set to create an absolute $ opportunity of around US$ 940 Mn during 2021-2031.

North America is set to dominate market revenue in 2021, but is expected to lose 466 BPS in its market share by 2031.

South Asia, on the other hand, is poised to be the growth hotspot during the forecast period, and is expected to create an absolute $ opportunity of around US$ 323 Mn by 2031.

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Market Players Focusing on R&D

Vital players have been spending on research & development, and a plethora of researches are going on to identify newer use cases of hydroxytyrosol in the field of pharmaceuticals. This factor is expected to drive market growth in the medium- to long-term forecast period.

What Makes France a Prominent Market for Hydroxytyrosol in Europe?

France has been one of the prominent markets in Europe, and is poised to progress at a moderate CAGR of 6.5% during the forecast period. France has always been home to some of the world's principal cosmetic manufacturers, which is why the term 'Made in France' is quite popular in the cosmetics industry, owing to the quality of cosmetics manufactured in the country.

Hydroxytyrosol has been gaining prominence in a multitude of cosmetic products owing to the anti-ageing benefit offered by it. Besides, cosmetic product demand from millennials is ever-increasing, and they have become even more beauty conscious. Thereby, cosmetic products that offer anti-ageing benefits has been the popular choice among the younger generation.

Source - https://www.factmr.com/report/3533/hydroxytyrosol-market

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