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Global Pine Bark Extract Market to Grow at a Healthy Pace During 2020-2025, Aided by the Growing Demand for Plant Based Cosmetics and Dietary Supplements

According to a new report by EMR titled, ‘Global Pine Bark Extract Market Report and Forecast 2020-2025’, the global market for pine bark extract is being aided by the growth of the rising proanthocyanidins market, which is expected to grow at a CAGR of 6% between 2020 and 2025.

The pine bark extract industry in the Asia Pacific is expected to witness a steady growth in the forecast period. China is emerging as one of the major producers of pine bark extract powder across the world. The steady increase in the production of pine bark extract in China is aiding the regional market growth. The growing awareness regarding skin health is also aiding the growth of the industry. Within the facial skincare market, the nourishing/anti-ageing category has witnessed a robust growth. The growing demand for antioxidant formulations that help prevent wrinkles and repair skin damage is expected to drive the demand for pine bark extract as it is rich in antioxidants.

Canadian Health Products Int'l Inc. sells pine bark extracts particularly prepared from eastern white pine bark under its line TRU-PINE®. It retains 95% of OPCs (oligomeric proanthocyanidins), the active compound of pine bark, and is produced to pharmaceutical grade standards. As consumers look for natural means to enhance their overall health and appearance, the benefits of plant extracts continue to pave their way into our everyday health routines, thus, enhancing the sales of botanical products. Further, the easy availability of plant based cosmetics and health supplements through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to significantly contribute to the pine bark extract industry growth in the forecast period.

Market Breakup by Form, Application, Distribution Channel, and Region:

  • By form, the industry can be bifurcated into liquid and powder extracts. 
  • Based on application, the industry can be segmented into health supplement, food additive, and cosmetics, among others. 
  • The various distribution channels of the product include supermarkets and hypermarkets, retail, and online, among others.
  • Region-wise, the global market for pine bark extract can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for pine bark extract is being driven by the growing preference for natural and herbal dietary supplements and rising health consciousness among consumers. 
  • The market is receiving a further impetus with the growing per capita expenditure on natural cosmetics and the increasing demand for products rich in antioxidants. 
  • The growing investments in R&D activities and the new product launches by the manufacturers are further propelling the market growth. 
  • The growing vegan population is expected to significantly boost the product demand in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for pine bark extract for the periods (2015-2019) and (2020-2025). 
  • The report also offers historical (2015-2019) and forecast (2020-2025) market information for the forms, applications, distribution channels, and major regions of pine bark extract.
  • The report also gives the regional historical (2015-2019) and forecast (2020-2025) price trends of the product.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major 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. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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