According to Future Market Insights, the global sales of quercetin are estimated to reach a valuation of USD 3,968 Million by 2032, exhibiting a 12.4% CAGR throughout the projection period. The total quercetin market is currently valued at USD 1,296 Million.
Rising adoption of quercetin across diverse industries including dietary supplement, pharmaceutical, and food & beverage due to its antimicrobial and anti-inflammatory properties is a key factor expected to boost the global quercetin market during the forecast period.
Recent trends have indicated that consumers are increasingly looking for organic ingredients in their daily lives. As a result, demand for natural ingredients like quercetin is skyrocketing.
Similarly, rising health awareness as well as the increasing acceptance of functional foods and supplements is expected to boost the quercetin industry over the projection period.
As people are becoming aware of the harmful impact of artificial preservatives in food and beverage products, they are opting for products containing natural preservatives. This has prompted manufacturers to utilize healthy ingredients like quercetin in their products, thereby aiding in the expansion of the global quercetin market
Additionally, growing usage of quercetin in pharmaceuticals due to its various health benefits will create lucrative opportunities for manufacturers during the forthcoming decade. Hence, leading quercetin manufacturers are ramping up their production capacities, launching new products, and employing novel and cost effective production techniques.
Key Takeaways from Market Study
- Global quercetin sales are projected to grow at a CAGR of 14.3% between 2022 and 2032.
- By end user, the food & beverage industry holds a substantial share of the global quercetin market.
- Based on nature, the organic segment is likely to grow at a higher CAGR during the assessment period.
- Demand for quercetin in Japan is expected to grow at 11% CAGR during the forecast period.
- China’s quercetin market is expected to grow at a CAGR of 12% between 2022 and 2032.
- The quercetin market in India is projected to expand at 14.3% during the forecast period.
Competitive Landscape
Key players in the market include King herbs Ltd, Natural Anhui Biotechnology Co. Ltd., Xi’an Tianuri Biotech Co. Ltd., Natrol Llc., and Hengyang Densen Biotechnology co. ltd., Xi,anFrankherb Biotech Co. Ltd., Nanjing Zelang Medical Technology Co. Ltd., NOW Health Group Inc., Bluebonnet Nutrition Corporation, Wuxi Gorunjie Natural Pharma Co. Ltd., Oregon’s Wild Harvest Ltd., and Source Naturals Inc.
Companies are employing several key strategies to expand their customer base and strengthen their market position, including launching new products, investing in research and development (R&D), expanding facilities, and pursuing mergers, acquisitions, partnerships, and collaborations.
Some of the recent developments are given below:
- In 2022, ALPS Pharmaceutical Ind. Co., Ltd. launched Eubioflavonoid, a water-soluble quercetin delivery composition derived from Sophora Japonica. The new product can deliver more quercetin to the body in a smaller dose.
- In 2022, Taiyo launched SunActive IsoQ, a water-soluble form of quercetin precursor that is many times higher than free quercetin.
- In 2022, Natrol and Jarrow, two leading vitamin and supplement brands, combined to pave the way for a new company called Vytalogy Wellness.
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Quercetin Industry by Category
By Product:
- Liquid
- Powder
By Nature:
- Organic
- Inorganic
By End User:
- Food & Beverage Industry
- Pharmaceutical
- Dietary supplement
- Nutraceutical
By Sales Channel:
- Stored -based retailing
- Modern Grocery Store
- Convince store
- Discounters
- Hypermarket
- Supermarket
- Traditional Retailers
- Food specialist
- Independent small Grocer
- Other Grocers
- Online Retailing /Delivery
- Direct Sales
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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