Proanthocyanidins Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments

"The Business Research Company recently released a comprehensive report on the Global Proanthocyanidins Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to increased consumer awareness, expanding nutraceutical industry, natural product demand, increased application in cosmetics, growing aging population.

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%. The growth in the forecast period can be attributed to expanding functional food market, rising demand in pharmaceutical applications, clean label movement, evolving beauty and personal care trends, functional beverages growth:. Major trends in the forecast period include investments in agriculture and plantation, research and development, nanoencapsulation technology, personalized nutrition, digital marketing and e-commerce, cross-industry collaborations.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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.

Proanthocyanidins Market 2024 Key Insights:

• 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%.
• Proanthocyanidin Market Surge Fueled By Rising Prevalence Of Lifestyle-Related Diseases
• Innovative Launches Redefines Proanthocyanidins Market
• North America was the largest region in the proanthocyanidins market in 2023

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