It is estimated that the global hesperidin market will create an additional opportunity of over US$200 million by the end of 2022 and will show growth at a solid CAGR of almost 7% to 8% during the forecast period 2022-2032. Hesperidin sales are estimated to exceed a US$400 million valuation by 2032, compared to US$185 million in 2021.
In the pharmaceutical industry, it is mainly used to decrease the bitterness of the formulation. Hesperidin also increases the action of vitamin C. Hesperidin is either used alone or in combination with further citrus bioflavonoids in the treatment of blood vessel conditions such as varicose veins, hemorrhoids, etc.
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Increase in the demand of Plant-based Products is Anticipated to increase the Demand for Hesperidin
The increase in health-awareness among the population has led to an increase in health and fitness trends. The consumers are looking forward to the products that are easy to consume and have high nutritive value. The demand for dietary supplements is increasing all across the world as they fulfill the nutritional requirement and provide various health benefits. The millennial population is the major driver for the increase in the demand for dietary supplements. The growth of the dietary supplement industry is anticipated to have a positive impact on the hesperidin market.
Hesperidin promotes healthy blood circulation and maintains the integrity of the vascular system that helps to maintain good heart health. Hesperidin is also used in combination with other ingredients to manufacture weight-loss dietary supplements. According to the World Health Organization, in 2016, 13% of adults were obese, while 39% of adults were overweight. As the consumers are becoming aware of the weight-related health problems, the demand for weight-loss dietary supplements is anticipated to increase, and thus, is expected to drive the sales of hesperidin.
In recent years, the demand for plant-based products is increasing, and thus, hesperidin can be used by the manufacturers in the dietary supplement industry to develop plant-based dietary supplements which would attract the health-conscious consumers. Thus, the demand for plant-based products is expected to increase the demand for hesperidin.
Hesperidin Market: Regional Analysis
The demand for dietary supplements is anticipated to increase at a high rate in the Asia Pacific region. The increase in health-awareness, changing lifestyles, increase in disposable income, the influence of western culture, etc. are some of the drivers for the increase in the demand for dietary supplements. Also, the overweight and obese population are growing at a rapid rate in the Asia Pacific region. Thus, the demand for weight-loss supplements is expected to increase, and therefore, the demand for hesperidin is estimated to increase during the forecast period.
Hesperidin Market: Key Participants
Some of the market participants in the hesperidin market are:
- Merck KGaA
- Central Drug House (P) Ltd
- AuNutra Industries Inc.
- Thermo Fisher Scientific Inc.
- Santa Cruz Biotechnology, Inc.
- Cayman Chemical Company, Inc.
- HiMedia Laboratories Pvt. Ltd.
- J&K Scientific Ltd
- Tokyo Chemical Industry Co., Ltd.
- Henan Tianfu Chemical Co., Ltd
The research report presents a comprehensive assessment of the hesperidin market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as source, grade, and end use.
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The report covers exhaustive analysis on:
- Hesperidin Market Segments
- Market Dynamics
- Market Size
- Supply and Demand
- Current Trends/Issues/Challenges pertaining to hesperidin market
- Competition Landscape and Emerging Market Participants in hesperidin market
- Technology related to Production/Processing of hesperidin
- Value Chain Analysis of the hesperidin market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Hesperidin Market Segmentation
The Hesperidin market can be segmented on the basis of source, grade, and end-use:
On the basis of source, the Hesperidin market can be segmented as:
- Orange
- Tangerine
- Others
On the basis of grade, the Hesperidin market can be segmented as:
- Food Grade
- Pharmaceutical Grade
- Cosmetic Grade
On the basis of end-use, the Hesperidin market can be segmented as:
- Food and Beverage Industry
- Dietary Supplement Industry
- Pharmaceutical Industry
- Others (e.g. Cosmetics and Personal Care Industry, etc.)
Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the hesperidin market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the hesperidin market
- Competitive landscape of the hesperidin market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on hesperidin market performance
- Must-have information for hesperidin market players to sustain and enhance their market footprint
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