Hydroxytyrosol Industry Analysis in East Asia
Hydroxytyrosol Sales Projections for East Asia by Powder and Liquid for Functional Foods, Nutraceuticals, Dietary Supplements, Cosmetics, and Pharmaceuticals from 2023 to 2033
Analysis of Hydroxytyrosol Covering Countries Including Analysis of China, Japan, and South Korea
Hydroxytyrosol Sales Outlook for East Asia (2023 to 2033)
Demand for hydroxytyrosol in East Asia stands at a value of US$ 440.9 million in 2023 and is forecasted to increase at a high-value 8.2% CAGR from 2023 to 2033. As such, sales of hydroxytyrosol in the region are set to reach US$ 974.4 million by the end of the study period (2023 to 2033).
Hydroxytyrosol is a phenolic phytochemical that is naturally found in olive oil and has a plethora of health benefits that are projected to bolster hydroxytyrosol sales in East Asia over the coming years. Rising health consciousness and increasing aesthetic awareness among the people of East Asian countries are also forecasted to create an opportune scenario for hydroxytyrosol suppliers in the long run. Surging demand for clean-label ingredients in all products is also slated to benefit hydroxytyrosol consumption in East Asia through 2033.
- In 2023, hydroxytyrosol consumption in East Asia stands at 3,638.7 tons and is projected to hold 21.5% volume share of global hydroxytyrosol sales by the end of 2033.
| Report Attributes | Details |
|---|---|
| Hydroxytyrosol Sales in East Asia (2023) | US$ 440.9 Million |
| Projected Sales (2033F) | US$ 974.4 Million |
| Hydroxytyrosol Demand Growth (2023 to 2033) | 8.2% CAGR |
| Projected Sales Volume (2033F) | 4,357.6 Tons |
| Demand Growth for Cosmetics Applications (2023 to 2033) | 7% CAGR |
| Key Companies Profiled |
|
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How are Investments in Life Science R&D Impacting Hydroxytyrosol Sales?
“Increasing Research on Hydroxytyrosol Health Benefits Offering New Business Opportunities”
Investments in life science research have been rising rapidly in recent years as the prevalence of chronic diseases and other lifestyle disorders increases. With more people demanding the use of natural ingredients to alleviate their symptoms of all kinds of ailments, researchers are trying to unearth the benefits of different natural ingredients such as hydroxytyrosol.
- In June 2022, a new study published in Antioxidants by scientists at Fujian Aonong Biological Science and Technology Group Co. Ltd. and Jimei University in China revealed that supplementing hydroxytyrosol with a high-fat diet could potentially reverse the adverse effects of a high-fat diet on liver function and mitochondrial function as well.
Learn more about growth-augmenting aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for hydroxytyrosol by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
China is forecasted to emerge as the most opportune market in the East Asian region for hydroxytyrosol distributors but investing in Japan and South Korea is also projected to pay off big time for companies in the long run.
Why is China a Key Market in East Asia?
“Evolving Consumer Preferences Offering Attractive Growth Scope”
Increasing disposable income and rising globalization are rapidly changing consumer preferences in China, which is projected to augment the demand for hydroxytyrosol in the country across the study period. High awareness regarding natural ingredients and the growing consumption of functional food products and nutraceuticals containing hydroxytyrosol are also estimated to bolster shipments of hydroxytyrosol in China going forward.
Which Trend is Driving Hydroxytyrosol Sales in Japan?
“Rising Aging Population Catalyzing Sales of Anti-aging Products”
Japan has a sizeable geriatric population that is only increasing by the day owing to plummeting birth rates and increasing life expectancy of people in the country. This expanding senescent population is opting for anti-aging products to look as young as possible owing to rising aesthetic awareness and evolving beauty preferences in the country. Hydroxytyrosol sales in the country are projected to soar high in the future as it offers excellent anti-aging properties, which make it a mainstay in anti-aging products made from natural ingredients.
Should Hydroxytyrosol Suppliers Invest in South Korea?
“Incorporation of Hydroxytyrosol in K-Beauty Products”
The world is not unaware of the popularity of Korean beauty trends and K-beauty products and this is projected to create a rewarding situation for hydroxytyrosol vendors in South Korea over the coming years. Korean beauty and personal care product manufacturers are focusing on incorporating natural ingredients to satisfy the demand for clean-label ingredient products from consumers all over the world. Hydroxytyrosol is a highly potent natural ingredient that can be used in the formulation of Korean personal care products and cosmetics owing to its several health benefits.
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Category-wise Insights
Top hydroxytyrosol distributors in East Asia are focusing on providing virgin olive oil-sourced hydroxytyrosol for pharmaceutical and functional food applications to improve their revenue generation potential going forward.
Where is Most Hydroxytyrosol Used?
“Pharmaceutical Applications Taking Center Stage in Terms of Hydroxytyrosol Demand”
| Attribute | Pharmaceuticals |
|---|---|
| Segment Value (2023) | US$ 173.3 Million |
| Growth Rate (2023 to 2033) | 7.3% CAGR |
| Projected Value (2033) | US$ 350.7 Million |
Growing awareness regarding the long-term ill effects of chemical use in pharmaceutical formulations has pushed pharma companies to use more natural ingredients in their medications. The increasing popularity of herbal and traditional medicine in East Asian countries is also projected to boost demand for hydroxytyrosol in this region over the next ten years.
From Which Source Does a Majority of Hydroxytyrosol Come?
“Hydroxytyrosol Sourced from Virgin Olive Oil Accounts for Significant Volume”
| Attribute | Virgin Olive Oil |
|---|---|
| Segment Value (2023) | US$ 254.8 Million |
| Growth Rate (2023 to 2033) | 7.2% CAGR |
| Projected Value (2033) | US$ 512.2 Million |
Virgin olive oil contains the most amount of hydroxytyrosol as compared to any other source present, which makes it the most profitable source to get hydroxytyrosol from in not just the East Asian region but all around the world as well. A rising number of hydroxytyrosol manufacturers prefer to use virgin olive oil to extract hydroxytyrosol and this trend is projected to allow this segment to hold a dominant stance over the next ten years and beyond.
- Around 3,681.7 tons of hydroxytyrosol in East Asia is projected to be sourced from virgin olive oil by the end of 2033.
Competitive Landscape
Hydroxytyrosol providers in the East Asian region are focusing on providing quality products for pharmaceutical and cosmetic applications as the use of hydroxytyrosol in these applications is soaring high.
- In December 2021, Viablife, a renowned biomanufacturer of natural cosmetic ingredients based in China, announced that it was providing commercial-scale hydroxytyrosol with >99% purity. The company claimed that the product was created using fermentation and biosynthesis technology.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Hydroxytyrosol Study in East Asia
-
By Form :
- Powder
- Liquid
-
By Purity :
- Natural
- 95% Purity
- 20% Purity
- 10% Purity
- Synthetic
- 95% Purity
- 20% Purity
- 10% Purity
- Natural
-
By Source :
- Standard Olive Oil
- Virgin Olive Oil
- Catechol
-
By Application :
- Functional Foods
- Nutraceuticals
- Dietary Supplements
- Cosmetics
- Pharmaceuticals
-
By Country :
- China
- Japan
- South Korea
- FAQs -
How much is hydroxytyrosol demand in East Asia?
Hydroxytyrosol sales in East Asia are estimated at US$ 440.9 million in 2023.
What is the forecasted sales revenue for hydroxytyrosol?
Sales of hydroxytyrosol are forecasted to reach US$ 974.4 million by the end of 2033.
At what pace will the demand for hydroxytyrosol rise in the region?
Hydroxytyrosol demand in East Asia is set to increase at a noteworthy 8.2% CAGR over the next ten years.
What is the best source of hydroxytyrosol?
Hydroxytyrosol sourced from virgin olive oil holds a value of US$ 254.8 million in 2023 and virgin olive oil is the best source in East Asia.
Who are the top hydroxytyrosol manufacturers?
Shenyang Phytocare Ingredients, Chengdu Biopurify Phytochemicals Ltd., and ShenZhen Dieckmann Bio-pharm Co. Ltd. are key companies in the market.
Hydroxytyrosol Industry Analysis in East Asia