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Global Citrus Bioflavonoids Market Overview 2033 : Forecasted Market Size And Growth Rate
Citrus Bioflavonoids Global Market Report 2024
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According to The Business Research Company's, The citrus bioflavonoids market size has grown rapidly in recent years. It will grow from $1.08 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rising consumer interest in natural and plant-based products, increased demand for dietary supplements, growing awareness of the antioxidant properties of bioflavonoids, expanding use in pharmaceuticals, increased research into bioflavonoids' health benefits, a surge in functional food consumption, and the expansion of the global citrus fruit industry.
The citrus bioflavonoids market size is expected to see rapid growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to growing consumer preference for organic ingredients, advancements in bioflavonoid extraction technologies, increasing incorporation of bioflavonoids in nutraceuticals, rising health consciousness in emerging markets, increased focus on immune health post-COVID, expanding applications in anti-aging products, and heightened government support for natural food additives. Major trends in the forecast period include innovations in bioflavonoid-enhanced skincare and beauty products, a rise in demand for citrus-based antioxidants in functional beverages, growing consumer demand for eco-friendly sourcing, personalized nutrition based on bioflavonoid supplements, expanding use in sports nutrition, increasing R&D for cognitive health benefits, and an uptick in demand for clean-label products with bioflavonoids.
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Market Drivers and Trends:
The growing demand for natural and organic products is expected to propel the growth of the citrus bioflavonoids market going forward. Natural and organic products are made from natural ingredients, without synthetic chemicals or artificial additives. The growing demand for natural and organic products is due to growing health consciousness, environmental concerns, and a preference for chemical-free products. Citrus bioflavonoids are gaining significant traction in the natural and organic products market as consumers increasingly seek plant-based ingredients that support overall health and wellness sustainably and chemical-freely. For instance, in May 2023, according to the Organic Trade Association, a US-based organization for protecting the organic trade, organic food sales in the US surpassed $60 billion for the first time in 2022, and total organic sales hit a record $67.6 billion. Moreover, in February 2023, according to The Organic Research Centre, a UK-based non-profit organization, sales from the production of organic food and beverages in the United Kingdom grew from £3.05 billion ($3.88 billion) in 2021 to £3.11 billion ($3.95 billion) in 2022. Therefore, the growing demand for natural and organic products is driving the growth of the citrus bioflavonoids market.
Major companies operating in the citrus bioflavonoids market are developing innovative products using Eriomin lemon fruit extract to support blood sugar regulation, enhance metabolic health, and provide antioxidant benefits, catering to growing consumer demand for natural, functional ingredients in supplements and health products. Eriomin is a standardized, high-potency lemon bioflavonoid blend that supports health by promoting antioxidant activity and improving the body's insulin response. For instance, in September 2024, Lemme, a US-based e-commerce company that manufactures dietary supplements, launched Lemme GLP-1 Daily, a new weight management supplement. This features three key ingredients: Eriomin lemon fruit extract, Supresa saffron extract, and Morosil red orange fruit extract. This product is marketed as a natural alternative to prescription GLP-1 medications such as Ozempic, aiming to boost the body's natural GLP-1 production, reduce appetite, and support healthy weight loss. It is studied for its anti-inflammatory and antioxidant properties, which may contribute to metabolic health and appetite regulation.
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Major Key Players of the Market:
Döhler Group, Kemin Industries Inc., Herbalife Nutrition Ltd., Natural Factors USA, Green Sky Biological, Life Extension Foundation Inc., Nans Products, Country Life LLC, NutraBlend Foods LLC, Cayman Chemical, Selleck Chemicals LLC, Solgar Inc., Aloha Medicinals Inc., Bordas S.A.S, Botanic Healthcare, BOC Sciences, Freeda Vitamins Inc., Sundown Naturals, NutraScience Labs, Paradise Herbs Inc
Citrus Bioflavonoids Market 2024 Key Insights:
• The citrus bioflavonoids market size is expected to see rapid growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%.
• Rising Demand For Natural Products Boosts Citrus Bioflavonoids Market
• Innovative Use Of Eriomin Lemon Fruit Extract In Citrus Bioflavonoid Products To Enhance Metabolic Health And Weight Management
• North America was the largest region in the citrus bioflavonoids market in 2023
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