Proanthocyanidins Market Size, Share Analysis, Trends, Growth And Industry Forecast 2023-2032 | Amway Corp., Herbalife Nutrition Ltd., Ocean Spray Cranberries Inc., Nature's Way Limited, Naturex SA

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Proanthocyanidin Global Market Report 2023 identifies the increase in the prevalence of lifestyle-related diseases as the major driver for the proanthocyanidin market's growth in the forecast period. Lifestyle diseases refer to conditions including cardiovascular disease (CVD), stroke, diabetes, and cancer types strongly correlated with lifestyle decisions. Proanthocyanidin safeguards the heart and circulatory system by acting as an antioxidant to prevent nitrosamines from developing. Hence, the prevalence of lifestyle-related diseases increases the demand for proanthocyanidin market.

The global proanthocyanidins market is expected to grow from $2.19 billion in 2022 to $2.40 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The proanthocyanidins market is expected to reach $3.42 billion in 2027 at a CAGR of 9.3%.

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Major competitors in the proanthocyanidin market are Amway Corp., Herbalife Nutrition Ltd., Ocean Spray Cranberries Inc., Nature's Way Limited, Naturex SA.

A key trend in the proanthocyanidin market includes product innovation. Major companies operating in the proanthocyanidins market are focused on developing new products to sustain their position in the market. For instance, in October 2021, Seppic, a France-based manufacturer and seller of distinctive ingredients for cosmetic, nutraceutical, pharmaceutical, veterinary, and industrial goods., launched Sepitone, a proanthocyanidins-rich product made from fermented wild bilberries. This product is obtained from fermented wild bilberry extract and is considered a natural ingredient with a unique richness in proanthocyanidins. These provide potent defense against oxidative stress and enhance collagen production, skin elasticity, and blood flow.

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The proanthocyanidin market is segmented -
•By Type: Type A, Type B
•By Source: Pine Bark, Bilberry, Cranberry, Horse Chestnut, Blueberry
•By Application: Functional Food And Beverage, Personal Care And Cosmetics, Pharmaceutical, Animal Feed, Other Applications
•By Distribution Channel: Drug And Pharmacy Stores, Convenience Stores, Modern Trade, Online Retail
•By End User: Adults, Children, Seniors
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the proanthocyanidin market.

The Business Research Company's "Global Proanthocyanidin Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Proanthocyanidin Market Include:
1. Executive Summary
2. Proanthocyanidins Market Characteristics
3. Proanthocyanidins Market Trends And Strategies
4. Proanthocyanidins Market - Macro Economic Scenario
5. Global Proanthocyanidins Market Size and Growth
…..
32. Global Proanthocyanidins Market Competitive Benchmarking
33. Global Proanthocyanidins Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Proanthocyanidins Market
35. Proanthocyanidins Market Future Outlook and Potential Analysis
36. Appendix

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