The Proanthocyanidins Global Market Report 2023, provides comprehensive information on the proanthocyanidins market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Proanthocyanidins Global Market Report 2023, 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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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 is segmented:
1) By Type: Type A, Type B
2) By Source: Grape Seed, Pine Bark, Bilberry, Cranberry, Horse Chestnut, Blueberry
3) By Application: Dietary Supplement, 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
North America was the largest region in the proanthocyanidins market in 2022.
The table of contents in TBRC’s proanthocyanidins market report includes:
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
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26. South America Proanthocyanidins Market
27. Brazil Proanthocyanidins Market
28. Middle East Proanthocyanidins Market
29. Africa Proanthocyanidins Market
30. Proanthocyanidins Market Competitive Landscape And Company Profiles
Top Major Players:
- Amway Corp
- Herbalife Nutrition Ltd.
- Ocean Spray Cranberries Inc
- Nature’s Way Limited
- Naturex SA
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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