Market Size of Global Proanthocyanidins Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Proanthocyanidins Market Analysis
Global proanthocyanidins market is forecasted to grow at a CAGR of ~6.2% during the forecast period (2020-2025).
- The rise in consumer preferences for products which contain natural ingredients supported by rising demand for functional food & beverage products are some of the factors driving the growth of the proanthocyanidins market.
- Furthermore, increase in prevalence of lifestyle related diseases such as diabetes coupled with rising disposable incomes of people in developing countries, driving the demand for supplements containing proanthocyanidins owing to their substantial nutritional value and therapeutic benefits.
- Additionally, high investments by players operating in the market on developing proanthocyanidin products that cater to various applications such as healthcare, skincare etc., are anticipated to drive the market growth in the coming years.
