The proanthocyanidins market is estimated to be valued at USD 198 million in 2019 and is projected to reach USD 280 million by 2025, recording a CAGR of 6.0% during the forecast period. Increasing awareness level among people regarding the health benefits of proanthocyanidins has encouraged purchase decisions of consumers. Advanced technologies have enabled consumers to know more about health & wellness. Moreover, the rise in the aging population in the countries of North America and Europe has also increased the use of proanthocyanidins in pharmaceuticals and dietary supplements.
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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Naturex (France) is one of the major players in the proanthocyanidins market. Naturex produces and sells natural ingredients for the food & beverage, nutraceutical, pharmaceutical, and personal care industries. The company specializes in the production of natural extracts for use as colorants and flavoring agents, as well as with nutraceutical and antioxidant properties. It provides natural extracts from plants and vegetables for the flavoring, coloring, and preservation of food products. The company offers natural color products under the “my natural food” segment. In April 2017, Naturex launch two new products and has strengthened its portfolio of healthy aging ingredients with the addition of ThinkBlue (UK), a wild blueberry extract for cognitive health, and Turmipure, an organic turmeric extract for joint health.
Nexira (France) is one of the leading players in the proanthocyanidins market. Nexira is a global leader in natural and organic ingredients for the food, health, and nutrition industries. The company entered into a strategic partnership agreement with Omega Pharma NV (The Netherlands), one of the largest OTC healthcare companies in Europe and InQpharm Group (Malaysia), a specialty pharmaceutical company. In January 2018, these international players in the nutraceutical industry signed a “novation” agreement stated InQpharm transferred its ingredient segment to Omega Pharma (Belgium) and Nexira. The partnership helped the company to strengthen its ingredients product portfolio.
Proanthocyanidins Market by Source (Cranberry, Grape Seed, and Pine Bark), Application (Pharmaceuticals & Dietary Supplements, Personal Care & Cosmetics, and Functional Food & Beverages), Type (Type A and Type B), and Region - Global Forecast to 2025
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