Global Citrus Bioflavonoids Market size worth over USD 1.3 billion by 2026
Published Date: September 22, 2020 Authors: Kunal Ahuja, Amit Rawat
Global Citrus Bioflavonoids Market size is set to surpass USD 1.3 billion by 2026; according to a new research report by Global Market Insights, Inc.
The numerous health benefits offered by citrus bioflavonoids such as excellent antioxidant properties, enhanced capillary strength, protection of collagen, promoting healthy circulation and immunity and cognitive and joint health. The availability of citrus bioflavonoids in tablet as well as powder form facilitates convenience of intake. Moreover, the efficiency of citrus bioflavonoids against diseases such as Acute hemorrhoidal disease, type 2 diabetes, radicular pain and senile purpura may further drive the citrus bioflavonoids market growth.
Antioxidant and anti-aging properties coupled with numerous health benefits to trigger the market share of citrus bioflavonoids obtained from grapefruit
Market growth for citrus bioflavonoids obtained from grapefruit observes an upsurge owing to its excellent antioxidant, anti-inflammatory and anti-aging properties. The ability of grapefruit to protect skin from harmful UVA and UVB rays and prevent the breakdown of collagen in the skin encourages its use in cosmetic preparations and anti-aging creams. Furthermore, the ability of grapefruit to fight against hyperpigmentation on skin and maintain an even-toned complexion is likely to further raise its citrus bioflavonoids market share.
The property of grapefruit seed extract to kill bacteria and fungus and fight mold growth on crops encourages its use in agricultural sector. Grapefruit seed extracts kill parasites in animal feeds, preserve food and disinfect water.
The grapefruit segment is expected to grow at a CAGR of 8.5% over the forecast period. The availability of grapefruit varieties of a wide variety of flavonoid content ranging from 2186.47 to 9871.69 mg / kg fresh weight is likely to promote its use in the food and beverage sector. Additionally, the numerous health benefits offered by grapefruit such as low calories, rich in antioxidants and nutrients and low on the glycemic index facilitates its use in pharmaceutical and healthcare sector, which is likely to further foster the citrus bioflavonoids market growth.
Browse key industry insights spread across 230 pages with 287 market data tables and 29 figures & charts from the report, “Global Citrus Bioflavonoids Market By Source (Orange, tangarines, mandarins; Limes & lemons; Grapefruit; Others), By Product (Hesperitin, Eriocitrin, Apigenin, Diosmin, Naringin, Narirutin, Others), By Type (Conventional, Organic), By Application (Pharmaceuticals & dietary supplements, Food & beverages, Animal feed, Cosmetics & Personal care), Industry Analysis Report, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Beneficial properties of naringin such as antioxidant, anti-inflammatory, and cardioprotective may foster the business growth
Naringin segment is expected to exceed USD 89 million by 2026. Its antioxidant, anti-inflammatory, cardioprotective, hypolipemiant, antidiabetic and thermogenic properties are likely to raise the demand of naringin in pharmacological applications. The ability of naringin to regulate heart rhythm and control lipid profile may promote its application in reducing levels of LDL cholesterol and triglycerides in the blood, in turn increasing HDL cholesterol levels, further propelling the citrus bioflavonoids market revenue. Its ability to promote thermogenesis makes it an ideal ingredient in dietary supplement formulations to promote health and lose body weight.
The increasing applications of naringin as a replacement of quinine in various food preparations such as carbonated drinks, sweets, sauces, syrups, bakery and confectionery products and in some formulations of bitter drinks may further augment the citrus bioflavonoids market growth. The increasing applications of naringin as a flavoring agent and its improved texture and palatability is expected to increase its use in animal feed in the years to come.
Increasing consumer demand for products with natural ingredients to trigger the demand for organic citrus bioflavonoids
Organic segment is expected to grow at a CAGR of 8.9% throughout the forecast period. The increasing awareness among consumers regarding the consumption of products with natural and environment-friendly ingredients as a part of leading a healthy lifestyle is likely to raise the demand for organic citrus bioflavonoids in the coming years. Industry players are investing heavily in research and development to formulate high quality organic citrus bioflavonoids to sustain the increasing competition in the citrus bioflavonoids market.
Major players are focusing on new product development to meet the increasing needs of consumers and strengthen their foothold in the market. For instance, BENEGANIC GmbH has launched Beneganic First Aid which contains organic citrus bioflavonoids from acerola and organic zinc from guava to strengthen the immune system.
Increasing demand from pharmaceuticals and dietary supplements to trigger the demand for citrus bioflavonoids
The pharmaceuticals and dietary supplements segment is expected to reach over USD 900 Million by 2026. Citrus bioflavonoids are rich in nutrients and antioxidants, but do not increase blood sugar level, which is likely to favor its use in pharmaceuticals and dietary supplements.
Besides, the increasing applications of citrus bioflavonoids in controlling lipid profile, oxidative stress and inflammation is likely to further augment the citrus bioflavonoids market share. Moreover, kits ability to improve immune system, maintain healthy cholesterol levels and control blood pressure may promote its use in pharmaceutical applications.
Increasing health conscious population to augment the growth of citrus bioflavonoids market in North America
North America is expected to exceed USD 490 Million by 2026.Increasing awareness about health consciousness coupled with the prevalence of diseases such as diabetes, cholesterol, heart problems, blood pressure and obesity, among others is likely to raise the demand for citrus bioflavonoids in North America. The increasing need to embrace healthy lifestyles may further boost the market growth. Moreover, the increasing awareness regarding the importance of personal grooming and hygiene is expected to raise the product demand from cosmetics and personal care segment, thus promoting the market growth.
Key players in the citrus bioflavonoids industry are adopting strategies such as mergers, acquisitions and collaborations to expand their client reach and strengthen their position in the market. Key players in the market include - Nature LLC, Freeda Vitamins Inc., Solgar Inc., Organika Health Products Inc., Natural Factors Inc., NOW Foods and Country Life LLC., among others.