In 2018, the proanthocyanidins market was valued at approximately US$ 164.70 million and is anticipated to grow to around US$ 281.47 million by 2027, reflecting a compound annual growth rate (CAGR) of 6.2% during the period from 2019 to 2027.
Proanthocyanidins belong to a category of polyphenols that are naturally present in numerous plant-based foods, including red and black grapes, grape seeds, bilberries, cranberries, strawberries, blueberries, red cabbage, apple peels, pine bark, and the leaves of the bilberry bush. These compounds are recognized for their potent antioxidant properties and their ability to significantly reduce oxidative stress. Commonly known as procyanidins or condensed tannins, proanthocyanidins are plant pigments that contribute blue, purple, or red hues to various flowers and fruits. They are associated with numerous health advantages, including a decreased risk of cancer and positive effects on cardiovascular health and blood vessel function. Additionally, their high antioxidant activity aids in maintaining healthy blood pressure levels. Due to these benefits, proanthocyanidins are widely incorporated into functional foods, beverages, and dietary supplements. Products containing proanthocyanidins extracted from different plant sources are available commercially, often combined with other nutrients in forms such as herbal extracts, capsules, and tablets. These supplements are frequently utilized for health issues like chronic venous insufficiency, hypertension, capillary fragility, retinopathy, pancreatic insufficiency, and varicose veins. Consequently, the growing awareness of the health benefits associated with proanthocyanidins is propelling market expansion.
The proanthocyanidins market is segmented by source into categories such as cranberry, grape seeds, pine bark, and others. In 2018, the grape seeds segment held the largest share of the proanthocyanidins market. Grape seed proanthocyanidins are rich in nutrients like linoleic acid, vitamins P and E, and resveratrol, which are known for their anti-aging properties. These products possess unique cleansing abilities and provide protection to skin cells, enhancing their appeal as ingredients in natural facial cleansers. Grape seed proanthocyanidins also shield the skin from UV radiation, prevent scar formation, and promote improved blood circulation. These attributes are driving the increasing demand for proanthocyanidins sourced from grape seeds. Furthermore, the cranberry segment is expected to experience rapid growth during the forecast period, driven by rising demand across various sectors, including food, pharmaceuticals, and personal care. Type A proanthocyanidins from cranberries have a distinctive molecular structure that exhibits effective anti-adhesion properties against bacteria, contributing to personal hygiene maintenance.
In 2018, North America accounted for the largest share of the global proanthocyanidins market. The growth of this market in the region can be largely attributed to the swift expansion of the pharmaceuticals and dietary supplements sector, as well as the food and beverage industry in the United States and Canada. The increasing demand for nutritious and health-oriented food and beverages among health-conscious consumers is a significant factor driving the proanthocyanidins market in North America. Additionally, the rising interest in anti-aging products, fueled by an aging population, is further contributing to market growth. Proanthocyanidins are frequently utilized as key ingredients in cosmetic formulations, and the growing awareness of their benefits in cosmetic applications has positively influenced the proanthocyanidins market in North America.
Key players in the global proanthocyanidins market include NOW Foods, Fruit d'Or, Artemis International, Beijing Ginkgo Group, Eevia Health Oy, Indena S.p.A., Nexira, Natac Group, Givaudan S.A., and Yuensun Biological Technology Co., Ltd. These companies recognize the significant potential within the proanthocyanidins market, prompting them to concentrate on expansion, acquisitions, and the development of new products. For example, in 2018, Natac Solutions capitalized on its expertise in clinically validated natural ingredients alongside Radient?s innovative extraction and downstream technologies, which facilitated the company?s growth and subsequently influenced various aspects of the proanthocyanidins market.