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Hesperidin Market Size
- Report ID: GMI6103
- Published Date: Jun 2023
- Report Format: PDF
Hesperidin Market Size
Hesperidin Market size was valued at USD 180 million in 2022 and is estimated to grow at 7.3% CAGR from 2023 to 2032. The growing customer awareness regarding the positive health benefits of organic & green health ingredients will fuel the hesperidin demand as a dietary supplement and functional ingredient. The exceptional health & nutritional gains offered by hesperidin make it the most favored ingredient in the formulation of dietary supplements & functional foods, increasing its demand in the nutraceutical sector.
As hesperidin rejuvenates & improves the skin tone and offers age-reversing effects, it is generally incorporated into cosmetics and other personal care merchandise including creams, lotions & serums. It also offers antioxidant & anti-inflammatory properties, stimulating the hesperidin market growth.
With evolving health perceptions and the positive attitude toward natural & clean ingredients, modern customers have embraced preventive healthcare, prioritizing the maintenance of overall wellness rather than relying on treatments after falling ill. Owing to its potential advantages, hesperidin plays a crucial role in maintaining the overall health, which in turn, drives its requirement as a key ingredient in promoting preventive care.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Hesperidin Market Size in 2022: | USD 180 Million |
| Forecast Period: | 2023-2032 |
| Forecast Period 2023-2032 CAGR: | 7.3% |
| 2032 Value Projection: | USD 380 Million |
| Historical Data for: | 2018-2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 193 |
| Segments covered: | Source, Form, Purity, Application, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Hesperidin is largely derived from citrus fruits, which serve as primary raw materials. The extraction of hesperidin from citrus fruits is a complicated & expensive procedure. Climactic conditions, crop ailments, and variations in farming methods will also affect the availability & quality of citrus fruits. Crop production, manufacturing costs, and market trends will lead to price variations in hesperidin. Instability in prices can influence the profit potential of hesperidin manufacturers, making it a difficult task to keep a constant pricing for end products comprising hesperidin.
Hesperidin has numerous cost-effective synthetic alternatives with homogenous compositions that can be easily procured. Synthetic hesperidin can pose challenges to natural hesperidin suppliers; however, the increased proclivity for natural & organic products will provide a positive outlook for the natural hesperidin market.
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Hesperidin Market Scope
