Increasing preference for products with natural ingredients,
rising demand for functional food & beverage products, and growing
application in the personal and cosmetic industries are some of the factors
driving the growth of the proanthocyanidins
market. Manufacturers in this market are focusing on developing
proanthocyanidin products that cater to various applications such as
healthcare, skincare, functional food & beverages, and pet nutrition.
By type, the type A
segment is projected to be the fastest-growing segment in the proanthocyanidins
market during the forecast period.
The type A segment in the market is projected
to be the fastest-growing segment as it is used in various applications such as
pharmaceuticals, personal care, cosmetics, and food supplements. Leading
players such as Naturex (France) and Nexira (France) offer various type A
proanthocyanidins that cater to pharmaceutical and personal care applications.
By source, the
cranberry segment is projected to dominate the proanthocyanidins market
during the forecast period.
The cranberry segment is projected to account
for the largest market share in the market for proanthocyanidins during the
forecast period as it offers several health benefits that make it a versatile
ingredient for use in the food, pharmaceuticals, and personal care industries.
Type A proanthocyanidins derived from cranberries have a unique molecular
structure that exhibits potent bacterial antiadhesion activities, which help in
maintaining personal hygiene.
By application, the pharmaceuticals &
dietary supplements segment is projected to dominate the proanthocyanidins
market during the forecast period.
The pharmaceuticals & dietary supplements
segment is estimated to account for the largest market share, followed by the
functional food & beverages and personal care & cosmetics segments.
With the rise in the aging population, consumers are becoming more conscious
and aware of various diseases that can be prevented by consuming natural foods
and supplements. This concern has driven the growth of the pharmaceuticals
& dietary supplements segment in the proanthocyanidins market.
Health-conscious consumers prefer balanced diet alternatives that include
health supplements derived from natural extracts such as proanthocyanidins.
The increasing demand for proanthocyanidins in the North
American and European regions is driving the growth of the proanthocyanidins
market.
North America
is the fastest-growing market for proanthocyanidins; it is projected to record
the highest CAGR during the forecast period. North America is a large consumer
of proanthocyanidins. The rise in the aging population, increased the
consumption of healthy food, and growing demand for pharmaceuticals are the
major factors driving the market in North America.
Key Market Players
The key players
in the proanthocyanidins market include Naturex (France), Indena SPA (Italy),
Nexira Inc. (France), Polyphenolics (US), Xian Yuensun Biological Technology
Co.,Ltd. (China), Natac (China), Eevia Health (Finland), Fruit D'or (Canada),
Scott Laboratories (US), Elementa Food Ingredients (France), and Changsha
Botaniex Inc. (China). Market leaders such as Naturex (France) and Nexira
(France) are focusing on tapping the potential markets through new product
development launches, expansions, and investments.
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