Market Trends of Global Proanthocyanidins Industry
This section covers the major market trends shaping the Proanthocyanidins Market according to our research experts:
Surge in Demand for Dietary Supplements Derived from Natural Extracts
The global marketplace has witnessed a paradigm shift from curative practices to preventive management in healthcare, making it a prime growth factor for the market studied. Moreover, consumers are looking for a variety of dietary supplements for maintaining and enhancing the overall health and well-being. The healthcare cost is substantially high in emerging economies due to higher per-capita out-of-pocket spending on healthcare, amid the burden of communicable and non-communicable diseases. Such trends have prompted consumers to opt for dietary supplements. In addition, increasing awareness about the health and therapeutic benefits among consumers has enticed many companies to develop supplements derived from natural extracts such as proanthocyanidins driving the growth of the market.
North America Holds Significant Share in the Market
North America has experienced a significant rise in the percentage of ageing population which has increased the consumption of healthy food, and growing demand for pharmaceuticals are the major factors driving the market growth in the region. United States holds major share in the region owing to substantial increase in the demand for proanthocyanidins as dietary supplements. In addition, the increase in application of proanthocyanidins in pharmaceutical industry is anticipated to drive the market growth in the coming years owing to their anti-angiogenic, antimicrobial, and anticancer properties.
