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 Market 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.
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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.
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.
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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
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