The global proanthocyanidins market was valued at $120.1 million in 2020. The global proanthocyanidins market will grow at a CAGR of 5.3% during the forecast period from 2021-2027.
Proanthocyanidins are specific oligomeric flavonoids that are found in blueberries, cranberries, grapes of all types, pine bark, lingonberries, and several other fruits and plants. They are a type of compound called polyphenols which gives many berries and fruits their colors, which can range from blue, red, or purplish. Proanthocyanidins have high levels of antioxidants, which can protect the body against free radicals and even prevent some types of cancer. In addition to preventing cardiovascular disease, proanthocyanidins also help maintain cardiovascular health. Anti-inflammatory properties and properties of high antioxidant concentration also make them beneficial for skin, helping to prevent skin damage and to repair damaged skin. Increasingly, proanthocyanidins are being used in the manufacture of nutraceuticals due to their health benefits. Consumers are becoming more aware of health benefits provided by proanthocyanidins, so these nutraceuticals are gaining popularity.
Factors Affecting the Global Proanthocyanidins Market
A fast-growing niche market is developing around health supplements due to millennials' interest in consuming them. A growing number of grape seeds are being extracted for their proanthocyanidins as the nutraceutical industry booms. The Innershine Berry Essence Drink contains antioxidant blends, such as vitamin E and berry extracts, that are incorporated into a liquid shot and sold in supplement form in places like China and Taiwan. Moreover, proanthocyanidin's energy shots also boost immunity, sleep, and mental capacity, and this, in turn, has significantly increased its demand in nutraceuticals, which is boosting the proanthocyanidins market.
Covid-19 Impact on the Global Proanthocyanidins Market
- Increasingly, preventive healthcare has been seen as a major means to combat CDC-related diseases, which has resulted in the growing demand for nutraceuticals.
- Increased consumer awareness about the role of immunity and dietary supplements in market expansion can be attributed to easy access to information, increased concerns about nutrition, and easy access to information.
- Post-Covid, a desire for improved immunity will lead to new opportunities for the industry's stakeholders engaged in the proanthocyanidins business.
Regional Analysis of the Global Proanthocyanidins Market
North America dominated the global proanthocyanidins market in 2020. It is forecast that North America will have the highest market due to the larger consumer of proanthocyanidins in the region.
Key Players in the Global Proanthocyanidins Market
Several competitors in the global proanthocyanidins market include:
- Now Foods
- Eevia Health
- Enomark Biotech
- Fruit d’Or
- Functional Nutritional Inc.
- Advanced Functional Nutrition
- Givaudan International SA
- Indena S.p.A
- Artemis International
- INDOFINE Chemical Company, Inc.
- Xi’an Yuensun Biological Technology Co., Ltd. Polyphenolics, Botaniex Inc.
- Swanson Health
- Other Prominent Players
Aim of the Report: The Global Proanthocyanidins Market
The global proanthocyanidins market is segmented by Sales Channel, Source, Form, and Region.
Segmentation based on Sales Channel
- Offline Channels
- Online Channels
Segmentation based on Source
Segmentation based on Form
Segmentation based on Region
- North America
- The U.S.
- Western Europe
- The UK
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America