Wilmington,Delaware, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Global Hesperidin Market is valued at US$ 150 million in 2022 and is expected to grow at a significant CAGR of over 7% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Hesperidin is a flavonoid found in citrus fruits that has anti-inflammatory and antioxidant activities. Its incorporation into functional meals and dietary supplements may drive market expansion as customers attempt to improve their overall well-being. Consumer awareness of the potential health advantages of natural substances such as hesperidin may increase demand for goods containing this ingredient.
Ongoing study on hesperidin's potential health advantages, such as its involvement in cardiovascular health, immunological support, and anti-inflammatory activities, may be creating interest and driving demand. Hesperidin's potential medical characteristics make it suited for usage in nutraceuticals and pharmaceuticals, which may lead to its expansion in a variety of healthcare products.
- According to a deep-dive market assessment by RationalStat, the global hesperidin market has been analyzed on the basis of market segments, including on form, purity, application, and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global hesperidin market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units/Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Hesperidin market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Hesperidin Market: Segmental and Market Share Analysis
- On the basis of purity, the standard purity segment is expected to grow at a 7.6% CAGR over the forecast period. It is primarily utilized in nutritional supplements because it is inexpensive and does not require ultra-high standards of purity.
- On the basis of application, the dietary supplements segment is expected to dominate the global hesperidin market. It promotes heart health, enhances blood circulation, and decreases cholesterol levels.
Report Synopsis
Report Metrics | Details |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Base Year Market Size | US$ 150 million |
Market Size Forecast | US$ 257.7 million |
Growth Rate | 7% |
Key Market Drivers |
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Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global hesperidin market include,
- In 2021, BioCrick Co Ltd developed a natural product library that contains over 8,000 compounds derived from natural sources. The company employs this to generate small molecule molecules with potential biological and pharmacological activities.
Some of the prominent players and suppliers operating and contributing significantly to the global hesperidin market growth include Achemo Corporation, BOCSCI Inc, Auraleafs Labs Private Limited, Bolise Co., Limited, BioCrick Co., Ltd, Morre-Tec Industries Inc, Haihang Industry, Plantnat, NAGASE & CO LTD, Benepure Corporation, VIVAN Life Sciences among others.
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RationalStat has segmented the global Hesperidin market based on form, purity, application and region
- Global Hesperidin Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Form
- Powdered
- Liquid
- Global Hesperidin Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Application
- Pharmaceutical Intermediates
- Food
- Cosmetics
- Dietary Supplements
- Others
- Global Hesperidin Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Purity
- Standard
- High
- Global Hesperidin Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Region
- North America Hesperidin Market
- US
- Canada
- Latin America Hesperidin Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Hesperidin Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Hesperidin Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Hesperidin Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Hesperidin Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Hesperidin Market
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Key Questions Answered in the Hesperidin Report:
- What will be the market value of the global hesperidin market by 2030?
- What is the market size of the global hesperidin market?
- What are the market drivers of the global hesperidin market?
- What are the key trends in the global hesperidin market?
- Which is the leading region in the global hesperidin market?
- What are the major companies operating in the global hesperidin market?
- What are the market shares by key segments in the global hesperidin market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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