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Global Pine Bark Extract Market: By Form: Liquid Extract, Powder Extract; By Distribution Channel: Supermarkets and Hypermarkets, Retail, Online, Others; By Application: Health Supplements, Food Additives, Cosmetics, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Pine Bark Extract Market Outlook
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 2023-2028.
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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.
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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
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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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
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Distribution Channel, Application, Region |
| Breakup by Form | Liquid Extract, Powder Extract |
| Breakup by Distribution Channel | Supermarkets and Hypermarkets, Retail, Online, Others |
| Breakup by Application | Health Supplements, Food Additives, Cosmetics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Nutra Green Biotechnology Co., Ltd., Source Naturals, Inc., InVite Health, NOW Health Group, Inc., Herbalife International of America, Inc., Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Pine Bark Extract Market Analysis
8.1 Key Industry Highlights
8.2 Global Pine Bark Extract Historical Market (2018-2022)
8.3 Global Pine Bark Extract Market Forecast (2023-2028)
8.4 Global Pine Bark Extract Market by Form
8.4.1 Liquid Extract
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Powder Extract
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Pine Bark Extract Market by Distribution Channel
8.5.1 Supermarkets and Hypermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Retail
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Online
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Pine Bark Extract Market by Application
8.6.1 Health Supplements
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Food Additives
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Cosmetics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Pine Bark Extract Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Pine Bark Extract Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Pine Bark Extract Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Pine Bark Extract Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Pine Bark Extract Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Pine Bark Extract Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Nutra Green Biotechnology Co., Ltd.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Source Naturals, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 InVite Health
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 NOW Health Group, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Herbalife International of America, Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Pine Bark Extract Market: Key Industry Highlights, 2018 and 2028
2. Global Pine Bark Extract Historical Market: Breakup by Form (USD Million), 2018-2022
3. Global Pine Bark Extract Market Forecast: Breakup by Form (USD Million), 2023-2028
4. Global Pine Bark Extract Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
5. Global Pine Bark Extract Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
6. Global Pine Bark Extract Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Pine Bark Extract Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Pine Bark Extract Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Pine Bark Extract Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Pine Bark Extract Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Pine Bark Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Pine Bark Extract Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Pine Bark Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Pine Bark Extract Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Pine Bark Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Pine Bark Extract Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Pine Bark Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Pine Bark Extract Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Pine Bark Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Pine Bark Extract Market Structure
Key Questions Answered in the Report
The global pine bark extract market is being aided by the growing global proanthocyanidins market, which is projected to grow at a CAGR of 5.8% between 2021 and 2026.
The major drivers of the industry, such as the rising health concern, increasing demand for natural supplements, rising disposable incomes, increasing focus on skin care, thriving retail sector, and growing R&D activities, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing demand for vegan products and new product launches.
The major regions in the industry 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 application segments in the industry 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 major players in the industry are Nutra Green Biotechnology Co., Ltd., Source Naturals, Inc., InVite Health, NOW Health Group, Inc., and Herbalife International of America, Inc., among others.
Analyst Review
The global pine bark extract market is being driven by the rising proanthocyanidins market. Aided by the rising demand for natural supplements, the proanthocyanidins market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 5.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By form, the market is divided into liquid extract and powder extract. Based on application, the industry is segmented into health supplements, food additives, and cosmetics, among others. On the basis of distribution channel, the industry is categorised into supermarkets and hypermarkets, retail, and online, among others. The major regional markets for pine bark extract are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nutra Green Biotechnology Co., Ltd., Source Naturals, Inc., InVite Health, NOW Health Group, Inc., and Herbalife International of America, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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