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Worldwide Demand for Hydroxytyrosol is Predicted to Increase Rapidly at a CAGR of 7.2% by 2033

06-12-2023 09:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Hydroxytyrosol

Hydroxytyrosol

As of 2023, the global hydroxytyrosol market enjoys a valuation of US$ 2.3 billion and is forecasted to rake in revenue worth US$ 4.6 billion by the end of 2033. Over the course of the next ten years, worldwide demand for hydroxytyrosol is predicted to increase rapidly at a CAGR of 7.2%.

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Hydroxytyrosol is a naturally occurring phenolic phytochemical mostly found in virgin olive oil with commanding anticancer, antioxidant, and anti-inflammatory properties. The growing use of natural ingredients in several industries such as pharmaceuticals, food and beverages, and cosmetics is expected to drive hydroxytyrosol shipments over the coming years.

Key Takeaways of Hydroxytyrosol Market

• Growing demand for natural antioxidants: Hydroxytyrosol, a powerful antioxidant derived from olive oil, has gained significant traction in the market due to its numerous health benefits. It is widely used in the food and beverage industry as a natural preservative and antioxidant agent, promoting the market's growth.

• Increasing awareness of health and wellness: With a rising emphasis on leading a healthy lifestyle, consumers are actively seeking products with natural and functional ingredients. Hydroxytyrosol, known for its potential to reduce oxidative stress and inflammation.

• Expanding applications across industries: Hydroxytyrosol's versatility has enabled its use in various industries, including cosmetics, pharmaceuticals, and nutraceuticals. It is known for its anti-aging and skincare properties, making it a sought-after ingredient in the beauty and personal care industry.

• Advancements in extraction and production techniques: Manufacturers are continuously investing in research and development to enhance the extraction methods and overall production of hydroxytyrosol. This focus on innovation is expected to result in increased product availability and cost-effectiveness, further boosting market growth.

• Growing market potential in regions such as Europe and North America: Europe, particularly the Mediterranean countries, holds a significant market share due to the abundant availability of olives and olive oil. North America is also witnessing increased demand for hydroxytyrosol, driven by the growing trend of natural and organic products.

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Competitive Landscape

Prime hydroxytyrosol suppliers are focusing on launching new and innovative products that are helping them maximize their sales potential and gain a competitive advantage over other market players. Hydroxytyrosol companies are also expected to increase their spending in the research and development sector to fast-track product development over the coming years.

• In July 2022, Genosa, a leading name in the global hydroxytyrosol industry landscape announced the launch of Hytolive Infinity (Hydroxytyrosol) for edible oils. The company's CEO, Carlos Peña stated that companies can formulate several functional oils that consist of oleic acid, EPA, and DHA using Hytolive Infinity

Key Companies Profiled:

• Baoding Faithful Industry Co. Ltd.
• Extrasynthese
• BIONAP (Bioactive Natural Products)
• Carl Roth
• Shenyang Phytocare Ingredients
• ShenZhen Dieckmann Bio-pharm Co. Ltd.
• Wacker Chemie AG
• Chengdu Biopurify Phytochemicals Ltd.
• Genosa I+D
• Devson Impex Private Limited
• Nutrafur SA

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Key Segments of Hydroxytyrosol Industry Research

• By Product Type:

o Natural Hydroxytyrosol
 95% Purity
 20% Purity
 10% Purity

o Synthetic Hydroxytyrosol
 95% Purity
 20% Purity
 10% Purity

• By Form:

o Powder
o Liquid
o By Source:
o Standard Olive Oil
o Virgin Olive Oil
o Catechol

• By Application:

o Functional Foods
o Nutraceuticals
o Cosmetics
o Pharmaceuticals

Key Questions Covered in the Hydroxytyrosol Market Report:

• What is the projected value of the Hydroxytyrosol factors Industry in 2023?
• At what rate will the global Hydroxytyrosol factors market size grow until 2033?
• Which are the factors hampering the growth of Hydroxytyrosol factors?
• Which region is expected to lead in the global Hydroxytyrosol factors market by 2033?
• Which are the factors driving the Hydroxytyrosol factors Industry during the forecast period?
• What is the expected market value of the Hydroxytyrosol factors market during the forecast period?

Regional Analysis for Hydroxytyrosol Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

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