As of 2023, the global hydroxytyrosol market enjoys a valuation of US$ 2.3 billion and is forecasted to rake in revenue worth US$ 4.6 billion by the end of 2033. Over the course of the next ten years, worldwide demand for hydroxytyrosol is predicted to increase rapidly at a CAGR of 7.2%.
Hydroxytyrosol is a naturally occurring phenolic phytochemical mostly found in virgin olive oil with commanding anticancer, antioxidant, and anti-inflammatory properties. The growing use of natural ingredients in several industries such as pharmaceuticals, food and beverages, and cosmetics is expected to drive hydroxytyrosol shipments over the coming years.
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Key Takeaways from Market Study
- The hydroxytyrosol market is anticipated to add 1.9X value by 2031 as compared to 2021.
- Cosmetics application captures major chunk equivalent to one-third of the global market, and is set to create an absolute $ opportunity of around US$ 480 Mn during 2021-2031.
- Dietary supplement application is anticipated to gain around 266 BPS and expand at around 9% CAGR over the forecast period of 2021-2031.
- Liquid hydroxytyrosol is anticipated to gain around 330 BPD over the period of 2021-2031, and create an absolute $ opportunity of around US$ 800 Mn by 2031.
- Virgin olive oil as a source captures a major share equivalent to half of the global hydroxytyrosol market, and is set to create an absolute $ opportunity of around US$ 940 Mn during 2021-2031.
- North America is set to dominate market revenue in 2021, but is expected to lose 466 BPS in its market share by 2031.
- South Asia, on the other hand, is poised to be the growth hotspot during the forecast period, and is expected to create an absolute $ opportunity of around US$ 323 Mn by 2031.
Key Market Segments Covered
- By Form
- Powder Hydroxytyrosol
- Liquid Hydroxytyrosol
- By Product Type
- Natural Hydroxytyrosol
- 95% Purity
- 20% Purity
- 10% Purity
- Synthetic Hydroxytyrosol
- 95% Purity
- 20% Purity
- 10% Purity
- Natural Hydroxytyrosol
- By Source
- Standard Olive Oil
- Virgin Olive Oil
- Catechol
- By Application
- Application of Hydroxytyrosol in Pharmaceuticals
- Application of Hydroxytyrosol in Nutraceuticals
- Application of Hydroxytyrosol in Functional Food
- Application of Hydroxytyrosol in Dietary Supplements
- Application of Hydroxytyrosol in Cosmetics
- By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Key Companies Profiled
- Baoding Faithful Industry Co. Ltd.
- Extrasynthese
- BIONAP (Bioactive Natural Products)
- Carl Roth
- Shenyang Phytocare Ingredients
- ShenZhen Dieckmann Bio-pharm Co. Ltd.
- Wacker Chemie AG
- Chengdu Biopurify Phytochemicals Ltd.
- Genosa I+D
- Devson Impex Private Limited
- Nutrafur SA
- Oliveda International Inc.
- Phenobio
- Qenax
- DIECKMANN
- Granatumplus
- Hebei Huanhao Biotechnology Co., Ltd.
- Natac Group
- Nutexa Ingredients
- Shanxi Jinjin Chemical Co. Ltd.
Which Application is Expected to Promulgate the Sales of Hydroxytyrosol?
“Dietary Supplements Boosting Hydroxytyrosol Shipments”
Based on application, the market is segmented into pharmaceuticals, nutraceuticals, dietary supplements, functional foods, and cosmetics.
Focus on health and fitness has bolstered in recent years owing to the advent of various infectious and contagious diseases. This prospect has resulted in increased consumption of dietary supplements by people to complete their nutritional needs and stay healthy. Hydroxytyrosol is an important health ingredient that has several benefits for human health and hence, it is being incorporated into dietary supplements, which are expected to witness a notable increase in consumption over the coming years.
Hydroxytyrosol demand for dietary supplements is forecasted to rise at an impressive 9% CAGR over the next ten years till 2033. Changing consumer preferences and adoption of healthier lifestyles across the world are other factors that are expected to propel sales of dietary supplements going forward.
