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Proanthocyanidins Market: Demand, Growth Challenges, Industry Analysis And Forecasts To 2033
Proanthocyanidins Market Share
As per the report, the proanthocyanidins market size has grown strongly in recent years. It will grow from $2.4 billion in 2023 to $2.62 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The proanthocyanidins market size is expected to see strong growth in the next few years. It will grow to $3.78 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
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Proanthocyanidin Market Surge Fueled By Rising Prevalence Of Lifestyle-Related Diseases
The increase in the prevalence of lifestyle-related diseases is expected to propel the growth of the proanthocyanidin market going forward. 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. For instance, in 2022, according to a report published by the American Heart Association, a US-based organization dedicated to fighting heart disease and stroke, in 2020, globally, 19.1 million people died from cardiovascular disease (CVD) with the age-adjusted prevalence rate of 7,354.1 per 100,000. Furthermore, in June 2022, according to the International Diabetes Federation, a Belgium-based diabetes federation, the prevalence of diabetes had increased to 10.5% worldwide, with over half (44.7%) of people still undiagnosed. Therefore, the increase in the prevalence of lifestyle-related diseases is driving the growth of the proanthocyanidin market.
Innovative Launches Redefines Proanthocyanidins Market
Product innovation is the key trend gaining popularity in the proanthocyanidins market. 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.
The proanthocyanidins market covered in this report is segmented -
1) By Type: Type A, Type B
2) By Source: Grape Seed, Pine Bark, Bilberry, Cranberry, Horse Chestnut, Blueberry
3) By Application: Dietarysupplement, Functional Food And Beverage, Personal Care And Cosmetics, Pharmaceutical, Animal Feed, Other Applications
4) By Distribution Channel: Drug And Pharmacy Stores, Convenience Stores, Modern Trade, Online Retail
5) By End User: Adults, Children, Seniors
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Major companies operating in the proanthocyanidins market report are Amway Corp., Herbalife Nutrition Ltd., Ocean Spray Cranberries Inc., Nature's Way Limited, Naturex SA, NOW Foods Private Limited, Swanson Group, Nexira SAS, Natrol LLC, Life Extension, Indena S.p.A., Nutramax Laboratories Private Limited, Jarrow Formulas Inc., Gaia Herbs Inc., Fruit d'Or Inc., Solgar Vitamin & Herb Company Inc., Bluebonnet Nutrition Corporation, Doctor's Best Inc., Reserveage Organics, Eevia Health Oy, Natac Group, Himalaya Food International Ltd., Douglas Laboratories Corp., Biotivia LLC, Puritan's Pride Inc., Skin Actives Scientific LLC, Source Naturals Inc., Terry Naturally, Advanced Functional Nutrition Inc., Xian Yuensun Biological Technology Co. Ltd.
Contents of the report:
1. Executive Summary
2. Proanthocyanidins Market Report Structure
3. Proanthocyanidins Market Trends And Strategies
4. Proanthocyanidins Market - Macro Economic Scenario
5. Proanthocyanidins Market Size And Growth
…..
27. Proanthocyanidins Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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