New York, NY, June 27, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Proanthocyanidins Market by end user Distribution Channel (dietary supplement, food and beverage, personal care & cosmetics, and others) Market by distribution channel (direct and indirect), market by source (grape seed, pine bark, berries and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2024”. According to the report, the global proanthocyanidins market accounted for USD 1.64 billion in 2015 and is expected to reach USD 3.05 million by 2024, growing at a CAGR of around 7.74% between 2017 and 2024.
The global Proanthocyanidins Market is expected to witness significant growth over the forecast period on account of the growing dietary supplement, food, and beverage, personal care & cosmetics industry across the globe.
Browse through 33 Tables & 26 Figures spread over 167 Pages and in-depth TOC on "Global Proanthocyanidins Market Size & Share 2015: Industry Trends, Growth Opportunities Analysis and Forecast, 2024”.
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Proanthocyanidins are utilized in a wide range of applications to provide a health benefit. When incorporated in a dietary food, the proanthocyanidins helps to strengthen capillaries, lower down blood pressure, slow down the progression of diabetic retinopathy. Proanthocyanidins also knew as condensed tannins are oligomeric flavonoid which has powerful antioxidants properties and found in food sources which are rich in proanthocyanidins are grapes (seeds and skins), apples, pine bark, red wines, cranberries, blueberries, unsweetened baking chocolate, bilberries, and hazelnuts. Its antioxidant and other therapeutic properties have made proanthocyanidin supplements gain traction in the global market. Technological advancements in order to improve efficiency and quality are also expected to open new avenues of opportunities in the coming years.
Among the end user, dairy supplements segment accounted for the largest market share in 2017 and is expected to register significant growth rate. Proanthocyanidins protect and reduce the oxidative damage caused by free radicals in the body; it also helps in preventing heart-related diseases as many studies have shown that proanthocyanidins reduce blood pressure and improve fat metabolism.
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Personal care & cosmetic segment dominated the proanthocyanidins market in 2017 and is also expected to maintain its dominance over the forecast period. Proanthocyanidins are extensively used in the personal care & cosmetic industry for various applications.
On the basis of the distribution channel, the market is bifurcated into direct and indirect sales. Indirect sales can be further bifurcated into modern trade, drug and pharmacy stores, online retail, and convenience stores. The online store and drug and pharmacy store account for the largest market share in 2016 and is expected to register significant growth rate.
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North America is the largest market for the proanthocyanidins market followed by the European region in 2017. The growth of the proanthocyanidins market in North America can be attributed to the large food & cosmetic industry in the region. Moreover, the increasing increased intake of proanthocyanidins among the population in the region is also expected to fuel the consumption of Proanthocyanidins.
Europe Proanthocyanidins market is expected to witness the fastest growth owing to market saturation. Europe accounted for the second largest share of the Proanthocyanidins market in 2017 owing to the presence of several key players in the region. The increasing awareness among the population regarding the consumption of the products that are rich in proanthocyanidins is expected to aid the growth of the Proanthocyanidins market over the forecast period.
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The Asia Pacific dominated the Proanthocyanidins market in 2016 and is also expected to witness the moderate growth within the forecast period. The change in the lifestyle of the people is factors that are contributing to the market growth in Asia Pacific region. Moreover, the rising consumer awareness and consumption of food rich in Proanthocyanidins are also expected to further propel the growth of the Proanthocyanidins market in the Asia Pacific.
Latin America is expected to witness moderate growth within the forecast period. The demand from the food & cosmetic sector in Brazil is expected to be the major driver for the proanthocyanidins market in Latin America. The proanthocyanidins have anti-cancer and antitumor properties. All these beneficial properties of the proanthocyanidins are triggering the growth of the market in Latin America.
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MiddlThe e East and Africa is expected to witness significant growth for proanthocyanidins market within the forecast period. The rising awareness of food proanthocyanidins in the region is expected to spur the demand for proanthocyanidins in the region. Moreover, the expansion activities of major players into the GCC countries is expected to further aid the growth of the proanthocyanidins market in the coming years.
The key players operating in the proanthocyanidins market are NOW Health Group, Inc., Bio Botanica, Inc., Ocean Spray Cranberries, Inc., IL Health & Beauty Natural Oils Co., Inc., Swanson Health Products, Inc., Atrium Innovations Inc., Skin Actives Scientific and among others.
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This report segments the global Proanthocyanidins market as follows:
Global Proanthocyanidins Market: End-User Segment Analysis
- Food and beverage
- Dietary supplement
- Personal care & cosmetics
- Others
Global Proanthocyanidins Market: Source Segment Analysis
- Pine Bark
- Grape Seed
- Berries
- Others
Global Proanthocyanidins Market: Distribution Channel Segment Analysis
- Drug and pharmacy stores
- Convenience stores
- Modern Trade
- Online Retail.
Global Proanthocyanidins Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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