Global Hesperidin Market Size By Application, By Source, By End-Use Industry, By Geographic Scope And Forecast

Global Hesperidin Market Size By Application, By Source, By End-Use Industry, By Geographic Scope And Forecast

Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Hesperidin Market Size And Forecast

Hesperidin Market size was valued at USD 193.14 Million in 2023 and is projected to reach USD 316.28 Million by 2030, growing at a CAGR of 7.3% during the forecast period 2024-2030.

Global Hesperidin Market Drivers

The market drivers for the Hesperidin Market can be influenced by various factors. These may include

  • Growing Consumer Knowledge of Health Benefits Because hesperidin may have some health benefits, there may be a rise in demand for natural products as consumers grow more health-conscious. Hesperidin’s market expansion may be fueled by its well-known anti-inflammatory and antioxidant qualities.
  • Growing Interest in Functional Foods and Nutraceuticals As these products provide health benefits above and beyond those of a basic diet, there may be a growing market for hesperidin as a natural ingredient.
  • Research and Development in Health and Wellness The market may expand as a result of ongoing studies on the advantages of hesperidin for health and its possible uses in the treatment or prevention of a range of illnesses. Positive research results have the power to pique consumers’ curiosity and increase demand.
  • Growing Use in the Pharmaceutical and Cosmetic Industries Hesperidin’s possible uses in skincare products and other pharmaceutical and cosmetic industries could be a major factor in the market’s expansion.
  • Growing Preference for Natural Products Natural and plant-based products are becoming more and more popular among consumers. Hesperidin might profit from this trend if it can be found and sold as a natural substance.
  • Global Citrus Sector Trends Hesperidin’s availability and cost may be impacted by general trends in the citrus sector, which include the production, export, and consumption of citrus fruits.
  • Regulatory Environment Modifications to laws governing the use of herbal remedies, nutritional supplements, or pharmaceutical substances may have an impact on the market for hesperidin.
  • Supply Chain and Production Challenges The market may be impacted by any changes or disruptions in the supply chain or production of citrus fruits, which are the source of hesperidin.

Global Hesperidin Market Restraints

Several factors can act as restraints or challenges for the Hesperidin Market. These may include

  • Limited Source of Citrus Fruits Citrus fruits are the main source of hesperidin extraction. Hesperidin production and availability may be impacted by variations or restrictions in the availability of citrus fruits brought on by elements such as weather, illnesses that harm citrus crops, or other agricultural difficulties.
  • Citrus Fruit Price Volatility A number of variables, including supply chain interruptions, weather, and worldwide demand, can affect citrus fruit pricing. The price of hesperidin on the market and its production costs might be impacted by changes in the price of raw materials.
  • The production of citrus fruits is frequently influenced by seasonality, and the availability of raw materials for the extraction of hesperidin may be restricted to particular periods of the year. Consistent production and supply throughout the year may be impacted by this periodicity.
  • Problems with Extraction Removing Hesperidin from Citrus Fruits can be a complicated operation. Problems with extraction efficiency or technology can have an impact on overall production and affordability.
  • Competition from Synthetic Alternatives Hesperidin may have to contend with competition from synthetic alternatives, depending on the use. If more affordable and superior synthetic substitutes are made available, the market for natural hesperidin may be affected.
  • Regulatory Restrictions Modifications to regulations concerning the use of natural substances in pharmaceuticals, cosmetics, or dietary supplements may have an effect on the hesperidin business. Market participants may have difficulty in adhering to changing legislation.
  • Low Awareness and Consumer Education The expansion of the hesperidin market may be impeded if customers lack knowledge about the health advantages or uses of hesperidin. There may be a need for education and awareness efforts to advance the appreciation of hesperidin.
  • Global Economic Factors Uncertainties or downturns in the economy might have an impact on consumer purchasing habits, which could have an impact on the demand for hesperidin-containing products.
  • Logistics and Transportation Challenges Hesperidin products’ timely delivery and cost-effectiveness may be impacted by transportation-related problems, such as delays, disruptions, or higher transportation expenses.

Global Hesperidin Market Segmentation Analysis

The Global Hesperidin Market is Segmented on the basis of Application, Source, End-Use Industry, and Geography.

Hesperidin Market, By Application

  • Pharmaceuticals Hesperidin is known for its potential health benefits, including antioxidant and anti-inflammatory properties. It may be used in pharmaceutical formulations for various health-related applications.
  • Nutraceuticals and Dietary Supplements Hesperidin can be incorporated into nutraceutical products and dietary supplements due to its natural origin and perceived health-promoting properties.
  • Food and Beverages Hesperidin may be used as a natural ingredient in certain food and beverage products, contributing to both flavor and potential health benefits.
  • Cosmetics and Skincare Given its antioxidant properties, Hesperidin may find applications in cosmetics and skincare products for its potential benefits in promoting skin health.

Hesperidin Market, By Source

  • Citrus Fruits Hesperidin is primarily derived from citrus fruits, with oranges, lemons, and grapefruits being common sources.
  • Citrus Peel Extracts The peel of citrus fruits, where Hesperidin is concentrated, may be used as a source for extraction.
  • Citrus Aurantium (Bitter Orange) Extracts from bitter orange, which is a citrus fruit, may also be a source of Hesperidin.

Hesperidin Market, By End-Use Industry

  • Pharmaceutical Industry Hesperidin may be used in the pharmaceutical industry for the development of drugs and formulations with potential health benefits.
  • Nutraceutical and Dietary Supplement Industry Hesperidin can be included in various nutraceutical and dietary supplement products targeting health-conscious consumers.
  • Food and Beverage Industry Hesperidin may be used in the formulation of certain food and beverage products to provide natural flavor and potential health benefits.
  • Cosmetics Industry The cosmetic industry may utilize Hesperidin in skincare and beauty products for its antioxidant properties.

Hesperidin Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Hesperidin Market in European countries
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Hesperidin Market are

  • BOCSCI Inc.
  • Morre-Tec Industries, Inc.
  • NAGASE & CO., LTD.
  • Benepure Corporation
  • Tokyo Chemical Industry Co., Ltd.
  • Zhejiang Kangle Pharmaceutical Co., Ltd.
  • VIVAN Life Sciences
  • Plantnat
  • Chengdu Runde Pharmaceutical Co., Ltd.
  • Achemo Corporation
  • Auraleafs Labs Private Limited
  • BioCrick Co., Ltd.
  • Bolise Co., Limited
  • Di’ao Pharma
  • Haihang Industry

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

BOCSCI Inc., Morre-Tec Industries, Inc., NAGASE & CO., LTD., Benepure Corporation, Tokyo Chemical Industry Co., Ltd., Zhejiang Kangle Pharmaceutical Co., Ltd., VIVAN Life Sciences, Plantnat.

SEGMENTS COVERED

By Application, By Source, By End-Use Industry, and By Geography.

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