ACCESS Newswire
28 May 2020, 20:01 GMT+10
The pandemic has created multiple challenges facing producers of proanthocyanidins; disturbed transport, logistics, and supply chain account for a considerable wastage.
DUBAI, UAE / ACCESSWIRE / May 28, 2020 / Consumer inclination towards preventive healthcare and rising preference for functional dietary supplements continue to drive the revenue pool of proanthocyanidins market. One of the abundantly available natural phytochemicals, proanthocyanidins continue to gain traction on the back of their multiple health benefits, particularly in enhancing metabolism and improving hair and skincare.
A new Future Market Insights (FMI) study has projected a healthy 6.4% CAGR for the market over 2020 - 2030. However, COVID-19 pandemic has brought along some serious challenges to market growth through 2020. While consumers are refraining from purchasing non-essential products amid the pandemic, it is directly posing a harsh impact on sales of proanthocyanidins-based nutritional supplements. Manufacturing, logistics, and supply chain obstacles are primarily hindering the growth of proanthocyanidins market amid pandemic.
'The spread of COVID-19 is likely to have a notable impact on demand. The anti-cancer properties of these flavonoids will however play an important role in the recovery of market soon after the pandemic subsides, and production facilities get back to normal,' says the FMI analyst.
Request report sample with 200+ pages to gain in-depth insights https://www.futuremarketinsights.com/reports/sample/rep-gb-11423
Key Takeaways of Proanthocyanidins Market Report
Proanthocyanidins Market - Key Growth Factors
Proanthocyanidins Market - Key Restraints
Impact of COVID-19 on Proanthocyanidins Market
The global proanthocyanidins market is expected to greatly impacted by the coronavirus pandemic. Transport, trade, and production restrictions, imposed by governments has resulted in major changes in consumer patterns, which generate short term sales opportunities, to leverage panic buying behaviors. On the other hand, consumers are less likely to make visits to stores, affecting proanthocyanidins consumption. Further, disruptions to supply chains and transport is expected to result in greater levels of losses and wastage till the end of the pandemic.
Explore the full proanthocyanidins market report with 112 illustrative figures, 128 data tables and table of contents. Request ToC of the study at https://www.futuremarketinsights.com/askus/rep-gb-11423
Competitive Landscape of Proanthocyanidins Market
Some of the major companies profiled in this FMI report include, but are not limited to, Skin Actives Scientific, NOW Health Group Inc., Bio Botanica Inc., Atrium Innovations Inc., Ocean Spray Cranberries Inc., Swanson Health Products Inc., and IL Health & Beauty Natural Oils Co. Inc. Players in proanthocyanidins market are largely focused on product development for multiple applications, investments in research to back nutrition claims, which will remain key in boosting demand for proanthocyanidins in the near future.
More About the Report
This FMI study of 250 pages provides all-inclusive insights on the global Proanthocyanidins market. The market analysis is based on application (food & beverages, dietary supplements, and personal care & cosmetics), source (pine bark, grape seed, and berries), and distribution channel (drug and pharmacy store, convenience stores, modern trade, and online retail), across six regions (North America, Latin America, Europe, Asia, Oceania, Middle East & Africa).
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About FMI
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the food & beverages sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Report: https://www.futuremarketinsights.com/reports/proanthocyanidins-market
Press Release Source: https://www.futuremarketinsights.com/press-release/proanthocyanidins-market
SOURCE: Future Market Insights
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