Press release
Citrus Bioflavonoids Market Worldwide With Impressive Sales Trends By 2030
Citrus Bioflavonoids Market: OverviewThe global citrus bioflavonoids market's value stood at ~US$ 1 Bn in 2020, finds Transparency Market Research (TMR) in a recent study. According to the report, the market is expected to reach ~US$ 2 Bn by 2030, at a CAGR of2%.
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The citrus bioflavonoids market is anticipated to have a profitable business due to the rising demand from several end users. The citrus bioflavonoids market is also propelled by increasing application in the preparation of RTE beverages, bakeries, confectioneries, pharmaceuticals, cosmetics, and animal feed. Apart from this, consumers' inclination toward plant-based ingredients in also driving the market growth.
Citrus products are used as food ingredients since a very long time, owing to their many health benefits. These health benefits are provided through the citrus peel, flavonoids or the pulp part and the flavonoid providing parts are also the same that is peel and the fiber part of the fruit. This increases the application; hence, the opportunity of citrus bioflavonoids in the longer run.
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Citrus Bioflavonoids: Market Frontrunners
Organic and conventional citrus bioflavonoids are key segments in terms of nature, among which, the conventional segment is leading and accounts approximately ~7%of the market share in 2020 in terms of value
Orange peel is the leading segment in the global citrus bioflavonoids market on the basis of the source. It is followed by grapefruit peel and lemons & lime peel. These segments accounted for1% and 21.5%of the market, respectively, in term of value.
Tablets, capsules and powder are the main segments of the global citrus bioflavonoids market based on form. Among these segments, capsules and powder hold approximately ~64%market share in terms of market value.
Based on flavonoid type, the global citrus bioflavonoids market is categorized into hesperidin, tangeretin, rutin, nobiletin, naringin, quercetin, diosmin, and other citrus bioflavonoids, among which, the hesperidin is holding the leading market share of approximately ~4%in terms of value in 2020.
The global citrus bioflavonoids market is also analyzed on the basis of sales channel; for this analysis, the market is classified into B2B and B2C sales channel. The B2B segment holds approximately ~82%market share in
Based on end use, the global citrus bioflavonoids market is classified into dietary supplements, pharmaceuticals & nutraceuticals, cosmetics & personal care, food & beverages, and animal feed. Among these segments, food & beverages segment holds the maximum share in 2020in terms of market value.
The global citrus bioflavonoids market is also analyzed on the basis of the region, including North America, Latin America, Europe, Asia (South & East), Oceania, and Middle East & Africa. Among these segments, Europe holds the leading market share of the global citrus bioflavonoids market, which is approximately ~7%and followed by North America, and East Asia that is 20.8% and ~11.9% of total market share.
Citrus Bioflavonoids Market: Trends
Growing consumer focus on product safety and origin of raw materials
Consumers' curiosity in the product quality and safety, and inclination toward natural products are key factors driving the market for citrus bioflavonoids, as manufacturers claim that products made from citrus bioflavonoids are safe and free from allergens.
COVID-19 Fuels Demand for Citrus Bioflavonoid Supplements for Effective Immunoregulation
Companies in the citrus bioflavonoids market are capitalizing on value-grab opportunities, due to the ongoing COVID-19 (coronavirus) pandemic, since these health agents help in immunoregulation. Wuhan being the epicenter of the virus reported increasing number of pneumonia cases, which stirred a demand for citrus fruits rich in flavonoids. Thus, citrus bioflavonoid supplements are emerging as a novel candidate to reduce the severity of COVID-19 symptoms.
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An unprecedented demand for antiviral agents bolstered the credibility of companies in the citrus bioflavonoids market. Health-promoting benefits of flavonoids such as cough relief and regulation of digestive health are helping to increase patient outcomes. Likewise, increased clinical trials validate the importance of hesperidin that acts as an inhibitor to the COVID-19 strain. Hence, manufacturers are increasing their production capabilities to induce hesperidin and naringin in nutraceuticals.
Citrus Bioflavonoid Ingredients Instrumental in Reducing Insulin Resistance
Citrus bioflavonoids hold promising potentials in managing blood sugar levels. Companies in the citrus bioflavonoids market are gaining proficiency in clinical trials to innovate in new bioflavonoid complexes that help to control blood pressure, sugar levels, and inflammation.
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They are increasing efforts to combine the efficacy of eriocitrin with other bioactives such as naringin and hesperidin to minimize health issues of pre-diabetes and inflammation patients. An alarmingly high prevalence of pre-diabetes patients worldwide is a key driver, which is boosting the growth for the citrus bioflavonoids market, where the market is estimated to reach a value of ~US$ 2 Bn by the end of 2030.
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