The Health Supplement Sector Significantly Contributes to the Growth of the Pine Bark Extract Industry
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.
Pine Bark Extract: Market Segmentation
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.Based on form, the market is bifurcated into:
- Liquid Extract
- Powder Extract
Pine bark extracts have applications in sectors like:
- Health Supplements
- Food Additives
- Cosmetics
- Others
On the basis of distribution channel, the industry can be segmented into:
- Supermarkets and Hypermarkets
- Retail
- Online
- Others
Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Growing Vegan Population to Drive the Demand for Pine Bark Extract
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.Key Industry Players in the Global Pine Bark Extract Market
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:- Nutra Green Biotechnology Co., Ltd.
- Source Naturals, Inc.
- InVite Health
- NOW Health Group, Inc.
- Herbalife International of America, Inc.
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Pine Bark Extract market report include:- Nutra Green Biotechnology Co., Ltd.
- Source Naturals, Inc.
- InVite Health
- NOW Health Group, Inc.
- Herbalife International of America, Inc.