Proanthocyanidins Market Size is Set to Reach $207.9 Million by 2030: Allied Market Research

The global proanthocyanidins market size was valued at $120.3 million in 2020, and is projected reach $207.9 million by 2030, registering a CAGR of 5.7% from 2021 to 2030.Rise in preference for products with natural ingredients, expansion of raw material sources for proanthocyanidins extraction, and surge in prevalence of obesity among population drive the global proanthocyanidins market. However, high prices of proanthocyanidins and low product awareness along with easy availability of low-cost substitutes hinder the market growth. On the contrary, expansion in online sales channels and proliferation of raw materials are expected to open new opportunities for the market players in the future.

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The global proanthocyanidins market includes an in-depth analysis of the prime market players such as Artemis International, Enomark Biotech, Eevia Health, Givaudan International SA, Fruit d'Or, INDOFINE Chemical Company, Inc., Indena S.p.A, Nexira, Natac, and Xi'an Yuensun Biological Technology Co., Ltd.

Covid-19 scenario:

The Covid-19 pandemic disrupted the sales of proanthocyanidins-based nutraceuticals due to closure of supermarkets. However, the pandemic favored the sale of proanthocyanidins via online sales channels to boost immunity products.

Rise in concerns regarding nutrition, easy access to information, and increase in consumer awareness regarding role of immunity and dietary supplements boosted the demand for proanthocyanidins-based products.

The report segments the global proanthocyanidins market on the basis of source, form, sales channel, and region.

Based on source, the grapes segment is expected to portray the highest CAGR of 6.1% during the forecast period. However, the berries segment held the largest share in 2020, contributing to more than half of the market.

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Key Findings Of The Study

Region wise, North America dominates in terms of long proanthocyanidins market share, however Asia-Pacific region is anticipated to have the highest CAGR during the forecast period.

Depending on source, the berries segment is the major shareholder in the year 2020, however the others segment is expected to grow with the highest CAGR during the proanthocyanidins market forecast period.

On the basis of form, the tablet segment is the leader in terms of market share.

As per sales channel, offline channels segment leads in terms of market share in the global proanthocyanidins market; however, online channels segment is expected to gain market share by the end of forecast period.

Rise in health awareness and an increase in demand of natural nutraceutical ingredients to drive market expansion.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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