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The global pine bark extract market is being driven by the growth of the proanthocyanidins market. The global proanthocyanidins market is expected to grow at a CAGR of 5.8% in the forecast period of 2024-2032.
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As pine bark extract contains a pharmacologically active constituent, that is OPC (oligomeric proanthocyanidins), its demand as a dietary supplement has significantly increased. OPC is known to have a beneficial effect on vascular health. Further, the extract also contains a complex plant compound known as proanthocyanidins, which are powerful antioxidants and provide benefits to the cardiovascular system and capillary health. The extract is used in a wide range of preparations, including powder capsules, tables, and elixirs, among others. This is driving the product demand in the health supplement sector and aiding the overall industry growth. Meanwhile, the product is expected to witness an increased utilisation in the cosmetic industry over the forecast period. This can be attributed to the growing demand for ingredients with powerful antioxidants to prepare formulations like anti-ageing creams and other products.
Region-wise, Europe and North America are expected to provide enhanced growth opportunities to the market attributed to the growing penetration of the key players and high level of commercialisation of health and dietary supplements.
The extracts prepared from pine bark, also known as Pinus massoniana, are called as pine bark extracts. These extracts have been in use since the ancient times in traditional wound healing practices and to treat scurvy. The active compound in pine bark is oligomeric proanthocyanidins (OPC), a free radical-scavenging polyphenolic flavonoid constituent, which is primarily used in health supplements due to its antioxidant activity. Being rich in several bioflavonoids, it possesses both anti-inflammatory and antioxidant properties and can help treat various ailments.
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Based on form, the market is bifurcated into:
Pine bark extracts have applications in sectors like:
On the basis of distribution channel, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growing health awareness and the rising demand for botanic or herbal supplements are driving the growth of the pine bark extract industry. This is being supported by the growing R&D activities and new product launches by the manufacturers. Owing to the convenience factor, the extract-based supplements are available for customers in the form of capsules, tablets, or powder. Other factors contributing to the growth of the industry include the rising living standards, thriving retail sector, growing per capita expenditure on cosmetics, and increasing demand for natural food additives. Additionally, the increasing vegan population is expected to drive the demand for plant-based alternatives, which is anticipated to significantly contribute to the pine bark industry growth over the forecast period.
The report gives a detailed analysis of the following key players in the global pine bark extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| \Breakup by Form |
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| Breakup by Distribution Channel |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The major drivers of the market are the rising health concerns, increasing demand for natural supplements, growing disposable incomes, increasing focus on skin care, thriving retail sector, and growing research and development activities.
The key trends guiding the growth of the market include the growing demand for vegan products and new product launches.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading forms of pine bark extract in the market are liquid extract and powder extract.
The major applications in the market are health supplements, food additives, and cosmetics, among others.
The significant distribution channels in the market are supermarkets and hypermarkets, retail, and online, among others.
The key players in the global pine bark extract market are Nutra Green Biotechnology Co., Ltd., Source Naturals, Inc., InVite Health, NOW Health Group, Inc., and Herbalife International of America, Inc., among others.
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+1-415-325-5166
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+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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