Pine bark segment is projected to be the fastest-growing segment in the proanthocyanidins market by 2025

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.

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The pine bark segment is projected to be the fastest-growing segment in the proanthocyanidins market during the forecast period.

Pine bark is loaded with oligomeric proanthocyanidins compounds which act as super antioxidants. It is used in health supplements, mainly due to its antioxidant activity. The antioxidant contents of pine bark extracts help reduce visible signs of aging in the skin, due to which pine bark extracts are used in anti-aging skin cream formulations. The applications of pine bark as an additive in food is gaining acceptance among health-conscious customers. The pine bark extract segment is witnessing a surge in demand due to the nutritional benefits of pine bark extract and an increase in consumer awareness.

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.

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Key players are Naturex, Indena S.p.A., Nexira Inc., Swanson Health Products, Inc., Skin Actives Scientific, Polyphenolics, Alive by Nature, PureExtract, Advanced Functional Nutrition, Inc., GrapSud, and Xian Yuensun Biological Technology Co. Ltd.

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