Pterostilbene has gained significant popularity in recent years. It is a member of the phenol family, which includes catechins and resveratrol. It is extensively utilized in pharmaceuticals, nutritional supplements, food & drinks, and cosmeceuticals. Increasing awareness about the health benefits of the material is anticipated to boost market growth. Pterostilbene is available abundantly in blueberries, cranberries, grapes, and pomegranates. It has a similar structure to the anti-aging chemical resveratrol.
There is an increasing prevalence of heart diseases due to the aging of the baby boomer population. Today, people are looking at nutraceuticals as a means of tackling and preventing illness. They are cost-effective and a great source of antioxidants. Further, government initiatives to promote organic products are predicted to stimulate market progress. Growing awareness about the benefits of the product among consumers is responsible for fueling the industry expansion.
Business Research Insights states that the global pterostilbene market size was USD 3,531.3 million in 2020 and is estimated to touch USD 6,604.9 million by 2027 at a CAGR of 11% during the forecast period.
Impact of COVID-19 on the Market
The COVID-19 pandemic halted supply chains and value chain flow. Shutdown of industries and businesses across the world impacted the product demand. Lack of vendors during the pandemic declined economic growth. Shortage of labor or workers halted production activities. Further, the pandemic’s consequences reduced product adoption in end-user industries.
Below stated are the Top 8 Pterostilbene Competitors in the Industry:
- ChromaDex
ChromaDex is a leading provider of botanical reference materials, reference standards, and research-grade materials for the natural products industry. The company has world-renowned scientists. It is a California-based company founded in 1999. It is a bioscience company dedicated to healthy aging.
- Chemill
Chemill is a global research-based company active in health solutions for botanical ingredients. The company’s mission is to focus on creating a valuable experience for customers. Chemill offers high quality products. It has over 25 years of experience in the industry with in-depth product knowledge.
- Herb Nutritionals
Herb Nutritionals is an innovative natural product manufacturer located in Shanghai, China. The company has a 40,000 m2 occupied plant area and approximately 100 employees. It has commercialized raw ingredients and science-based solutions. It has a large scale of abstraction and sprays drying equipment for mass production in a short period of time.
- K V Natural
K V Natural has deep knowledge of nutraceuticals & active pharma ingredients. The company has been majorly engaged in trading business for over nine years. It is situated in Hyderabad, India. The company is gaining popularity for its reliable organic products.
- Wuxi Cima Science
Wuxi Cima Science is a professional manufacturer of nutritional chemicals integrated and herbal extracts. Its product variety covers food additives and ingredients, pharmaceuticals, cosmetics, and nutritional products for human and animal. The company is an innovator in the biotechnological, chemical, and photochemical fields. It is situated in China and has pilot scale production.
- Shaanxi Pioneer Biotech
Shaanxi Pioneer Biotech is the foremost manufacturer of standardized natural active ingredients, herbal extracts, and APIs for health food, pharmaceuticals, and cosmetic industries. The company has custom-made pharmaceutical ingredients depending on customer demand. It is based in China and provides a wide range of analytic services and reference to clients.
- Shaanxi NHK Technology
Founded in April 2014, the company is a subsidiary of Shaanxi Huike Botanical Development Co., Ltd. It is one of the foremost companies in the industry with high-quality products. It has a strong technical evolution and reliable supplier.
- Taizhou Bona
Taizhou Bona is the biggest medicine producer in the central part of Zhejiang coastal city, Taizhou. It covers an area of 70,000 square meters. It has a workforce of 300 people, including 30 engineers and 50 technical personnel. Its prominent products are chlorobenzene guanidine hydrochloride, ball insect drugs in two nitrate amine monica lamictal, and others.
Benefits Associated with Pterostilbene to Bolster Market Performance
Pterostilbene has multiple benefits, which are responsible for attracting customers. The product acts as a type of defensive protein, which is produced by plants. It is used as a dietary supplement. It acts as an antioxidant in improving heart health. High demand to enhance metabolism and boost energy levels is projected to drive the market growth. Furthermore, it works to improve metabolism, and increasing energy levels is anticipated to foster market growth in the forthcoming years.