Global Proanthocyanidins Market to Reach $404.9 Million by 2030
The global market for Proanthocyanidins estimated at US$265.8 Million in the year 2023, is expected to reach US$404.9 Million by 2030, growing at a CAGR of 6.2% over the analysis period 2023-2030. Cranberry-sourced Proanthocyanidins, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$177.2 Million by the end of the analysis period. Growth in the Grape Seed-sourced Proanthocyanidins segment is estimated at 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $69.2 Million, While China is Forecast to Grow at 9.6% CAGR
The Proanthocyanidins market in the U.S. is estimated at US$69.2 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$96.7 Million by the year 2030 trailing a CAGR of 9.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$58.7 Million by the year 2030.
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