Xanthohumol Market to reach the value of USD 315.81 million by 2029, Application (Food Industry, Pharmaceuticals Industry, Nutraceutical, Sports Supplement

The prenylated flavonoid xanthohumol is found in the female inflorescences of Humulus lupulus, also known as hop plant. Various studies in recent years have revealed that xanthohumol has beneficial effects such as antioxidant properties, anti-inflammatory properties, hypoglycemic activities, and anticancer properties. Xanthohumol is primarily used as a cancer preventative, limiting the metabolic activity of pro carcinogens as well as early stage tumour growth.

The International Agency for Research on Cancer predicts that the number of new cancer cases per year will rise to 23.6 million by 2030. During the forecasting period, an increase in cancer cases in low and middle-income countries is expected to provide growth opportunities to the xanthohumol demand. The two factors influencing market demand are the increasing demand for natural ingredients in cosmetics and the rise in health consciousness among consumers.

Data Bridge Market Research analyses that the xanthohumol market was valued at USD 208.93 million in 2021 and is expected to reach the value of USD 315.81 million by 2029, at a CAGR of 5.30% during the forecast period of 2022-2029.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-xanthohumol-market 

Opportunity

Following the COVID-19 pandemic, consumers are more concerned about the food they consume. The increase in COVID-19 cases is expected to increase demand for natural and organic foods. Plant-based foods are popular among health-conscious consumers in developing nations. Due to rising global consumption, market participants from various countries have been working tirelessly to increase plant-based food production. Food and beverage manufacturers are taking a strategic approach to generate lucrative revenue opportunities.

Some of the major players operating in the xanthohumol market are:

BioVision, Inc. (U.S)
Axen Bio Group (Poland)
Santa Cruz Biotechnology, Inc.(U.S)
Xi'an Sonwu Biotech Co, Ltd. (China)
Organicherbtrading (UK)
Xi'an Hao-Xuan Bio-Tech (China)
Arisun ChemPharm Co., Ltd. (China)
Xian Sost Biotech (China)
Xian Plant Bio-Engineering (China)
Global Xanthohumol Market Scope

The xanthohumol market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

0.05
0.1
Others

Application

Pharmaceuticals
Cosmetics
Nutraceuticals
Sport Supplements

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This release was published on openPR.