Emerging Opportunities in Pycnogenol Market with Current Trends Analysis
Pycnogenol a plant extract which is derived from the French maritime pine Pinus pinaste’s bark also have sub species like Aiton, (Atlantica des Villar) which is majorly found in the southwest coast of France. Pycnogenol comes in different quality, specified by the United States Pharmacopeia (USP 28). Pycnogenol usually contains 65%-75% of procyanidins comprising of catechin and epicatechin subunits with varying chain lengths and rest is other constituents such as phenolic or cinnamic acids, polyphenol monomers, and their glycosides. Due to its anti-aging properties, Pycnogenol is now used throughout the world as a nutritional supplement and as a remedy for various diseases such as chronic inflammation & circulatory dysfunction and several impaired psycho-physiological functions. It is considered to be high quality premium ingredient, which contains powerful natural antioxidants, useful to various medicinal purpose.
Pycnogenol Market: Drivers & Restraints
Pycnogenol market is at nascent stage, and growing rapidly in different regions, due to high demand for natural supplements. Increasing elder population in China and Japan, increasing demand for natural beauty products, and increasing usage of health supplements, are considered as important factors driving the growth of Pycnogenol market
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Due to increasing scientific experimentation, Pycnogenol products are also being introduced into functional food and drinks, and major manufacturers are trying to develop special pycnogenol products, which are water soluble and heat stable, and suitable for baked goods to dairy products. With this development, pycnogenol market is expected to expand at a double-digit CAGR, during the forecast period. Though there are several food and beverages products with pycnogenol are sold in Asia market, the pycnogenol has not been recognized as major functional food ingredient, yet. Another area of application of pycnogenol which is expected to support the growth of pycnogenol market is its application as a sport nutrition/supplement, due it its capability to initiate the release of nitric oxide, which in turn relaxes blood vessels and improve blood circulation in the body.
Pycnogenol Market: Segmentation
Pycnogenol market is in its early stage of growth, which is spread over 70 different countries and expanding at rapid pace. Pycnogenol market can be segmented on the basis of product types, application and regions that constitute the key markets.
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Pycnogenol market on the basis of product type can be segmented into powder type, capsules type and tablets type. Pycnogenol mostly comes in soft gel (capsules) form, to be directly consumed by the customers, whereas powder form of Pycnogenol is used for industrial purposes, such as making skin care products and health supplements.
Pycnogenol market can be further segmented on the basis of application, such as nutraceutical, personal and skin care products, food and beverages and health supplements. Majority of Pycnogenol goes into nutraceutical, as it is used in various medicines due to its anti-aging, antibacterial, and antioxidant properties. Pycnogenol is also widely used in personal care products, such as lotions and body wash, as well as in oral care products, and preferred by customers, due to its effective natural properties.
Pycnogenol Market: Regional Outlook
Geographically the Pycnogenol market can be segmented by regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Middle East and Africa and Japan. Among all these regions, the North America is the dominant market in terms of revenue, followed Japan, which is the second largest market for Pycnogenol products.
Countries like India and China is expected to present high acceptability and demand for Pycnogenol products, due to high demand for natural healthy ingredient in these countries. India is expected to be the third largest market for Pycnogenol products, ranked after the U.S. and Japan
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Pycnogenol Market: Key Players
Pycnogenol market is concentrated to specific regions, and majority of the market volume is produced by few major players. Leading players in the pycnogenol market, across the value chain are Horphag Research Inc., Herbspro (Distributor), Superior Supplement Manufacturing, Sun Pharmaceuticals, Alkem Laboratories, Ochoa Laboratories, Amlin Health LLC, Sceletium ZA and Nourish Pharmaceutical Pvt. Ltd. Horphag Research Inc. is the market leader, and exclusive supplier of pycnogenal.