Pine
Bark Extract Market Introduction:
Pinus
massoniana known as pine bark is a species of pine tree found at
higher altitudes of 1500 to 2000 meters and has been used
traditionally for wound healing and in cases of scurvy. The
chemically active constituent found in the pine bark is oligomeric
proanthocyanidins (OPC), which is used in health supplements
primarily due to its antioxidant activity. The antioxidant properties
of pine bark extract helps to reduce many visible signs of aging,
especially in the skin and thus is used in various anti-aging cream
formulations.
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The
extract has a pharmacologically active constituent OPC which helps in
maintain vascular health and also adding tissues to maintain healthy
elasticity. Due to these factors, pine bark extract is often
formulated as dietary supplement.
Pine
bark extract is used in variety of preparations including powder
capsules, tables, tincture and elixirs. The use in food as an
additive is also gaining favorable acceptance among health conscious
consumers. The pine bark extract market is expected to see an upsurge
in the foreseeable future attributed to its nutritional benefits and
increasing consumer awareness.
Pine
Bark Extract Market Segmentation:
The
pine bark extract market is segmented on the basis of form,
application, distribution channel and region. On the basis of form
pine bark extract market is segmented as powder extract and liquid
extract. The powder extract is mostly used for formulation of variety
of dosage forms whereas the liquid extract as an additive to food
products.
Pine
bark extract market is segmented on the basis of end use application
which includes; health supplements, food additive and cosmetics. The
health supplement is sub segmented into powders, tablets, capsules
and others (tinctures, elixirs etc.). The health benefits of pine
bark extract has led to increased demand in the food and beverages
which is anticipated to show a sustainable growth during the forecast
period.
On
the basis of distribution channel pine bark extract market is
segmented as; Direct Sales and Indirect Sales. The indirect segment
of pine bark extract market is further sub segmented into; specialty
stores, modern trade, online retail and other retail formats.
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Pine
Bark Extract Market Regional Outlook:
A
wide variety of Pinus species are scattered over the globe and the
key regions associate with the pine bark market include North
America, Asia Pacific, Latin America, Europe and The Middle East.
China’s is steadily increasing its production and is being referred
as one of the major producers of pine bark extract powder. Countries
such as Cuba and Mexico in Latin America is accounting for a fair
share in exports as well. The greater demand of pine bark extract is
arising from Europe and North American region which can be attributed
to the high level commercialization of health supplements and an
increase in acceptance of herbal or botanical health supplements.
Pine
Bark Extract Market Drivers and Trends:
Manufacturers
are making use of pine bark extract worldwide, Bremenn Botanicals
launched its anti-aging cream in March 2017 with pine bark as one of
the main constituent. Nutramedica Inc. introduced its anti-aging food
supplement with pine bark extract. The key players in application
industry are focusing on developing new products with pine bark
extracts market. The benefits of pine pollen has already been
established over the internet which has created demand for more
products containing pine bark. This demand is expected to drive the
growth of pine bark extract market.
These
new product launches have been backed by increasing demand among
health conscious consumers. In the recent past the herbal/botanical
supplements have witnessed a high demand in the market, attributed to
the heightened consumer trust in herbal supplements and the pine bark
extract is also expected see as upsurge with the growth of the health
supplements.
Pine
Bark Extract Market Key Players:
Manufacturers
are keen on improving the processing capacities to meet the demands
of people and gain a significant market share over the forecast
period and some of the players contributing to the global pine bark
extract market includes; Nutra Green Biotechnology Co.,Ltd., AuNutra
Industries Inc., Xi'an Greena Biotech Co.,Ltd., Jiaherb Inc.,
Foodchem International Corporation, Productos Quimicos Gonmisol SA
among others. The pine bark extract market is anticipated to grow at
a significant rate with development adopted by key industry players.
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