Global Hydroxytyrosol Market Overview
Hydroxytyrosol is a phenolic compound, which is extracted from the olive tree and its leaves. Hydroxytyrosol is considered as the most potent antioxidant compound after 3, 4, 5-trihydroxybenzoic acid. Due to its molecular structure hydroxytyrosol can be used as an anti-aging agent, lightening/whitening agent, protective agent, regenerating / revitalizing agent, soothing agent and sunscreen agent. Anti-inflammatory, antimicrobial and antioxidant, are the three main properties of hydroxytyrosol, which will boost its market in the forecast period. In 2017, EFSA (European Food & Safety Authority) had confirmed that hydroxytyrosol does not have any side effects on consumers’ health. However, hydroxytyrosol has a strong flavor so it cannot be added directly to the meat, researchers and manufacturers have a scope in reducing this strong flavor, which will increase the demand for hydroxytyrosol in the food industry. Hydroxytyrosol is organic, non-animal, non-irritant, skin protecting, soothing and a whitening agent and some of the essential properties for any cosmetic product, which is why the cosmetic industry is driving the market of hydroxytyrosol.
Global Hydroxytyrosol market is likely to register a higher-digit CAGR over forecast period
The global market of hydroxytyrosol is likely to increase in the upcoming forecast period because of its three primary end-use industries including food, pharmaceutical and cosmetic industry. According to Fact.MR, its market is likely to grow with a higher-digit CAGR (compound annual growth rate) in the forecast period. North America dominated the global market for hydroxytyrosol in 2018 followed by APEJ. Europe and MEA region are expected to witness a sizable rise in the overall sales of hydroxytyrosol. Countries including China, U.S. and India are expected to witness a significant market share of hydroxytyrosol due to the presence of manufacturing companies and research facilities for hydroxytyrosol.
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Increasing demand for hydroxytyrosol in Cosmetic industry
Use of hydroxytyrosol in cosmetic industry is vast due to its application in products, such as Haircare (conditioners, shampoos, & styling), Suncare (sun protection, after-sun & self-tanning), and Perfumes & fragrances skin care (body care, baby care facial care, facial cleansing,). Recently, manufacturers started using hydroxytyrosol for toiletry products (shower & bath, oral care) due to its antioxidant properties. Further, in 2015, Wacker chemie AG introduced first nature-identical hydroxytyrosol for application in cosmetics and personal care industries. Anti-aging property of hydroxytyrosol is the crucial factor that its demand is growing in the cosmetic industry. Researchers and manufacturers have scope for developing new version on hydroxytyrosol for food, and pharmaceutical industry, as these both industries have a limited market share as that of the cosmetic industry. Consuming a high dosage of hydroxytyrosol might result in side effects like allergic reactions and diarrhea. Researchers have the opportunity for developing a safer version of hydroxytyrosol for pharmaceutical use.
Global Hydroxytyrosol market segmentation
The hydroxytyrosol market can be segmented into origin, end use industry, forms, packaging type and nature. By the nature, hydroxytyrosol market can be categorized into botanical extract, fruits extract and plant extract. The hydroxytyrosol market can be segmented by its end-use industry, such as food pharmaceutical and cosmetic industry. By forms of the hydroxytyrosol, its market can be segmented into powder, liquid and solid. In packaging type segment, hydroxytyrosol market is segmented into bottle, bulk and tetra packaging. Hydroxytyrosol market can be segmented by nature as synthetic and organic. The global hydroxytyrosol market can be segmented on the basis of the geographical region such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa (MEA), and Emerging Countries.
Global Hydroxytyrosol key market players
The global market for hydroxytyrosol comprises several developers, who are primarily converging on developing advance version on hydroxytyrosol mainly for cosmetic and pharmaceutical products. Some key market participants are BIONAP (Bioactive Natural Products), Extrasynthese, Laboratoire, Phenobio, Qenax, Nutexa, Wacker chemie AG, Shenyang phytocare ingredients, M.M.P, TCI America, Chengdu biopurify phytochemicals Ltd., Hangzhou FandaChem Co.,Ltd., Shanghai zheyan biotech Co., Ltd., Hebei huanhao biotechnology Co., Ltd., Shanxi jinjin chemical Co., ltd., ShenZhen dieckmann bio-pharm Co., LTD., Wuhan fortuna chemical Co., Ltd., Hangzhou dayangchem CO.,LTD., Chengdu herbpurify Co.,Ltd. and Applichem gmbh, among other prominent players.
The research report presents a comprehensive assessment of the hydroxytyrosol market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for hydroxytyrosol. The research report provides analysis and information according to hydroxytyrosol market segmented into origin, end use industry, forms, packaging type, and nature
The hydroxytyrosol report covers exhaustive analysis on:
- Hydroxytyrosol Market Segments.
- Hydroxytyrosol Market Dynamics
- Hydroxytyrosol Market Size
- Supply & Demand of
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for hydroxytyrosol Market includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea, Australia & New Zealand, Rest of APEJ)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)
The report is a compilation of first-hand information of qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain for hydroxytyrosol. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments of hydroxytyrosol. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size. in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.