Proanthocyanidins Market Size, Share, And Trends By Type (Type A, Type B), By Source (Pink Bark, Cranberries, Grape Seeds, Others), By Application (Functional Food And Beverages, Cosmetics And Healthcare, Pharmaceutical And Dietary Products), And By Geography – Forecast From 2019 To 2024

Proanthocyanidins are the chemical compound class of polyphenols that are found in a variety of plants as they are responsible for the red, purple, or blue colors of multiple fruits and flowers. The market is expected to grow due to their increasing usage of dietary products and functional food & beverages. The growing awareness among consumers regarding various therapeutic and health benefits provided by proanthocyanidins is anticipated to fuel the market during the coming years. Furthermore, the rise in R&D activities to find new sources of proanthocyanidins along with the launch of new functional products containing proanthocyanidins is creating new opportunities contributing to the growth of the market. Moreover, the increase in application in the cosmetics and personal care products industry is assumed to drive the market. However, the high cost and availability of substitutes are expected to hamper the market. The market is segmented into type, source, application, and geography. Based on type, Type A is expected to hold a significant share in the market owing to its wide application in the food, cosmetics, pharmaceutical, and personal care industries. Geographically, North America is projected to be a substantial shareholder in the market during the forecasted period owing to the presence of multiple key players in the market along with increasing investment in research and development to create new sources for application in countries like the U.S.A and Canada.

DRIVERS

Rising demand for dietary supplements and functional food.

Increasing application of proanthocyanidins in cosmetics and personal care products.

RESTRAINTS

Availability of substitute products.

INDUSTRY UPDATES

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The major players profiled in the proanthocyanidins market are Eveia Health, Elementa Food Ingredients, Naturex, Xian Yuensun Biological Technology Co., Ltd., Indena SPA, Fruit D’or, Nexira Inc., Scott Laboratories, and Polyphenolics.

Segmentation

The proanthocyanidins market has been analyzed through the following segments:

By Type

Type A

Type B

By Source

Pink Bark

Cranberries

Grape Seeds

Others

By Application

Functional Food and Beverages

Cosmetics and Healthcare

Pharmaceutical and Dietary Products

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others