The global hydroxytyrosol market is slated to witness an optimistic growth trajectory recording CAGR of 7% during 2020-2030. Increasing consumer preference towards natural products and ingredients, demand for phenolic compounds derived from olive plants, such as hydroxytyrosol, is attaining popularity. Wide usage of hydroxytyrosol in pharmaceutical products to diminish cholesterol levels is set to drive the market growth amid the assessment period (2020-2030). However, amidst the COVID-19 outbreak a noteworthy market crunch, is projected for the pharmaceutical and cosmetics sectors, due to shortages in the macroeconomic aspects such as demand contraction, buying power, and others. Consequently, the influence is evident in the hydroxytyrosol market.
“With the effectiveness to play an essential ingredient in the meat processing sector, hydroxytyrosol is poised to substitute traditional synthetic additives for example sulfites, BHA (butylated hydroxyanisole), and BHT (butylated hydroxytoluene).” opines Fact.MR.
Message me to request a report sample to gain comprehensive market insights
Hydroxytyrosol Market – Key Takeaways
Hydroxytyrosol Market – Driving Factors
Hydroxytyrosol Market – Constraints
For More Detailed Information about Methodology, Message Me
Anticipated Market Impact by COVID-19 Outbreak
Amidst the COVID-19 outbreak, customers are postponing buying products non-essential, comprising cosmetics, which consecutively is triggering the YoY expansion rate of the hydroxytyrosol market to go down by 3% towards 2020-end. Despite a hike in sales of pharmaceuticals and nutraceuticals, the market would stay further impacted by supply chain disruptions and factory closures.
The global market for hydroxytyrosol is highly consolidated where prominent companies at present hold more than 2/3rd of the overall sales. At present, Koninklijke DSM N.V., Wacker Chemie AG, and Lubrizol Corporation are the foremost stakeholders in the global market. These industry goliaths are involved in several research & developments and have incorporated natural hydroxytyrosol in their product portfolio to line up with the market trend. For instance, Wacker Chemie AG has carried a human clinical study and determined that hydroxytyrosol has an encouraging outcome on the blood cholesterol that helps decrease the possibility of heart diseases by 8%.
To Get more insights on hydroxytyrosol market, message me
More on the Report
The market research report provides in-depth insights into the hydroxytyrosol market. The market is scrutinized on the basis of source (OMWW & OMW (Liquid), Olive Pomace (Oil Processing) and Olive Leaf), purity (>95% Purity, 20% Purity, and 10% Purity), form (liquid and powder) and application ( Cosmetics, Dietary Supplements, Functional Food, Nutraceuticals and Pharmaceutical) across seven major regions (North America, Europe, East Asia, South Asia, Oceania, Latin America, and Middle East & Africa (MEA).
Edit your job
Opening message is automatically displayed as your first message in the order detail page.
There are no extra services
Welcome to Freelance Global Gigs.
Post your Gigs at Freelance Global Gigs - We have opportunities for everyone.