Hesperidin Industry Forecast: USD 384.3 Million Market Size by 2031 with 7.3% CAGR Growth | TMR Study

The global hesperidin market has emerged as a key player in the health and wellness industry, gaining substantial traction across various sectors. Valued at US$ 190.1 million in 2021, the market is anticipated to grow at a CAGR of 7.3% from 2021 to 2031, reaching a projected value of US$ 384.3 million by the end of the forecast period. This blog explores the market dynamics, key growth drivers, challenges, and opportunities shaping the hesperidin industry.

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Analysts' Viewpoint on Hesperidin Market Scenario

Hesperidin, a bioflavonoid primarily found in citrus fruits, has gained prominence due to its diverse applications across pharmaceuticals, food & beverages, and cosmetics & personal care. The increasing awareness of hesperidin's therapeutic and functional properties, coupled with growing consumer demand for natural and plant-based ingredients, positions the market for robust growth.

Market players are focusing on research and development (R&D) to enhance their product portfolios and capitalize on the increasing demand for hesperidin-based solutions. Key drivers include its use in treating ailments such as hemorrhoids, varicose veins, cardiovascular diseases, and certain types of cancers, further bolstering its application scope.

Key Players

Key players of Hesperidin Market are Achemo Corporation, Auraleafs Labs Private Limited, BOCSCI Inc, BioCrick Co., Ltd, Benepure Corporation, Bolise Co., Limited, Chengdu Runde Pharmaceutical Co., Ltd, Morre-Tec Industries, Inc, Haihang Industry, Di'ao Pharma, NAGASE & CO., LTD, Plantnat, Zhejiang Kangle Pharmaceutical Co., Ltd, VIVAN Life Sciences, Tokyo Chemical Industry Co., Ltd

Cutaneous Functions of Hesperidin Fueling Market Growth

Hesperidin's cutaneous benefits have garnered significant attention, particularly during the COVID-19 pandemic, as consumers sought health-boosting solutions. Its anti-inflammatory, antioxidant, and antibacterial properties make it a preferred ingredient in wound healing, UV protection, and anti-aging treatments.

Key Cutaneous Functions:

• Wound Healing: Speeds up skin recovery by promoting cellular repair.
• UV Protection: Shields skin from harmful ultraviolet rays.
• Anti-inflammatory Effects: Reduces redness and irritation.
• Antimicrobial Benefits: Helps in fighting bacterial infections.

Hesperidin's affordability, availability, and safety are critical factors driving its adoption in the cosmetics and personal care industries.

Increasing Applications in the Pharmaceutical Industry

Role in Pharmaceuticals:

Hesperidin is extensively used in the pharmaceutical sector to:

• Improve blood circulation.
• Reduce cholesterol levels.
• Treat conditions like lymphedema and varicose veins.

Hesperidin's anti-cancer properties further extend its application to breast and skin cancer treatments. Additionally, its anti-inflammatory and antiviral properties make it an essential component in health supplements.

The rising health consciousness among consumers and their willingness to spend on preventive healthcare and wellness products are driving demand for hesperidin-based supplements.

Expanding R&D Activities in the Hesperidin Market

Focus on Innovation:

Market leaders are intensifying their R&D investments to:

• Develop innovative hesperidin-based products.
• Explore new applications in healthcare and dietary supplements.
• Address rising consumer demands globally.

For instance, hesperidin has shown potential in alleviating oral ailments and tooth plaque, indicating its growing importance in oral healthcare.

Regional Insights: North America at the Forefront

Key Drivers in North America:

North America is expected to dominate the global hesperidin market during the forecast period, driven by:

• High prevalence of chronic diseases such as cardiovascular conditions and diabetes.
• Robust growth in the healthcare and pharmaceutical industries.
• Increased investments in R&D activities by key market players.

The U.S. is projected to consume 1,776 MT of hesperidin by the end of 2021, accounting for 88.35% of the North American market share. The region's volume CAGR of 5.7% underscores its potential for sustained growth.

Market Frontrunners and Trends

Citrus Bioflavonoids:

Hesperidin, as a citrus bioflavonoid, contributes to improved:

• Blood flow.
• Cholesterol management.
• Edema reduction.

The global citrus bioflavonoids market, valued at US$ 1.06 billion in 2021, is projected to reach US$ 1.93 billion by 2031, with hesperidin playing a pivotal role.

Use of Green Ingredients in Cosmetics:

The preference for plant-based, sustainable ingredients in personal care products is driving hesperidin demand. Its properties include:

• Skin hydration and rejuvenation.
• Protection against oxidative stress.
• Reduction of aging signs.

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Challenges: Suboptimal Utilization of Raw Materials

Despite its growth prospects, the hesperidin market faces challenges related to the inefficient utilization of raw materials. For instance:

• Citrus processing residues (CPR) account for 40%-50% of citrus fruit production.
• However, only 5% of CPR is utilized to produce bioflavonoids like hesperidin.

Efforts to enhance the extraction and utilization of CPR can unlock significant market opportunities while addressing environmental concerns related to waste management.

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