Press release
Citrus Bioflavonoids Market Poised for 10.6 % Growth, Set to Hit $5.01 Billion by 2029
How Is the Citrus Bioflavonoids Market Projected to Grow, and What Is Its Market Size?_x000D_The expansion in the citrus bioflavonoids market size has been substantial in recent periods. The growth is projected from $1.2 billion in 2024 to upswing to $1.33 billion by 2025, with a compound annual growth rate (CAGR) of 10.9%. This growth noted in the past era is due to various factors which incorporate consumers' growing inclination towards natural and plant-oriented merchandise, the rising need for nutritional supplements, elevated awareness regarding bioflavonoids' antioxidant traits, their widening application in the pharmaceutical sector, advanced investigations into the health benefits of bioflavonoids, a noticeable increase in functional food consumption, and the burgeoning citrus fruit industry worldwide._x000D_
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The market for citrus bioflavonoids is projected to witness a robust growth in the ensuing years, achieving a valuation of $1.98 billion by 2029 with a CAGR of 10.6%. The anticipated growth within this period can be linked to factors like increasing preference for organic constituents, advancements in the technology of extracting bioflavonoids, an enhanced incorporation of such substances in nutraceuticals, a surge in health awareness in emerging economies, a post-COVID focus on immunological health, a wide-range application in anti-aging commodities, and amplified government backing for natural food enhancers. Trends set to dominate the forecast period encompass innovations in skincare and beauty products ramped-up with bioflavonoids, the escalating demand for citrus-derived antioxidants in functional drinks, increasing consumer inclination for environmentally-friendly sourcing, personalized nutrition via bioflavonoid supplements, extending usage in athletic nutrition, intensifying research for cognitive health benefits, and a rise in demand for cleanly-labeled bioflavonoid products._x000D_
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What Are the Key Drivers Behind the Growth of the Citrus Bioflavonoids Market?_x000D_
The burgeoning interest in natural and organic products is set to drive the citrus bioflavonoids market onwards and upwards. These products are developed from natural sources, devoid of artificial additives or synthetic chemicals. The increased demand for such is a result of heightened health awareness, environmental impact considerations, and a liking of products free from chemicals. Citrus bioflavonoids are attaining substantial prevalence in the natural and organic market, as consumers prefer plant-derived ingredients the amplify overall wellbeing, sustainability, and are devoid of chemicals. To illustrate, in May 2023, the Organic Trade Association, based in the US and committed to preserving organic trade, reported that organic food sales in the US exceeded $60 billion in 2022 for the first time, culminating in a record-setting $67.6 billion total organic sale. Similarly, in February 2023, as per The Organic Research Centre, a non-profit organization based in the UK, the revenue garnered from the production and sale of organic food and beverages in the UK, rose from £3.05 billion-which equates to $3.88 billion-in 2021 to £3.11 billion-in dollars, $3.95 billion-in 2022. In light of such, the escalating demand for natural and organic products stands to fuel the growth trajectory of the citrus bioflavonoids market._x000D_
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Who Are the Major Industry Players Fueling Citrus Bioflavonoids Market Expansion?_x000D_
Major companies operating in the citrus bioflavonoids marker are 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_x000D_
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Which Key Developments Are Influencing the Citrus Bioflavonoids Market?_x000D_
Leading firms in the citrus bioflavonoids sector are introducing unique offerings employing Eriomin lemon fruit extract to aid in regulating blood sugar levels, bolster metabolic health and furnish antioxidant advantages satisfying the increasing consumer inclination for natural, functional components in health products and supplements. Eriomin is an established, highly potent lemon bioflavonoid composite that bolsters health by enhancing antioxidant activity and refining the body's response to insulin. For example, in September 2024, Lemme, a US-origin e-commerce venture specializing in dietary supplements, unveiled Lemme GLP-1 Daily, an innovative weight management product. This product is made up of three fundamental ingredients: Eriomin lemon fruit extract, Supresa saffron extract, and Morosil red orange fruit extract. It is promoted as a natural substitute to prescription GLP-1 drugs including Ozempic, targeted at increasing the body's innate GLP-1 production, curbing hunger, and facilitating healthy weight reduction. It is being examined for its potential anti-inflammatory and antioxidant traits, which may help in metabolic health and appetite control._x000D_
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How Is the Segmentation of the Citrus Bioflavonoids Market Defined?_x000D_
The citrus bioflavonoidsmarket covered in this report is segmented -_x000D_
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1) By Type: Diosmin, Eriocitrin, Hesperidin, Naringenin, Nobiletin, Quercitrin, Rutin, Tangeritin_x000D_
2) By Source: Grape Peel, Lemon And Lime Peel, Orange Peel_x000D_
3) By Form: gummie*s**, Powder, Tablets_x000D_
4) By End-User: Animal Feed, Cosmetics And Personal Care, Dietary Supplements & Nutraceuticals, Food And Beverages, Pharmaceuticals_x000D_
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Subsegments:_x000D_
1) By Diosmin: Micronized Diosmin, Non-Micronized Diosmin_x000D_
2) By Eriocitrin: Natural Eriocitrin, Synthetic Eriocitrin_x000D_
3) By Hesperidin: Hesperidin Methyl Chalcone, Standard Hesperidin_x000D_
4) By Naringenin: Naringenin Flavonoid, Naringenin Glycosides_x000D_
5) By Nobiletin: Nobiletin Aglycone, Nobiletin Glycosides_x000D_
6) By Quercitrin: Quercitrin Aglycone, Quercitrin Glycosides_x000D_
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What Is the Leading Region in the Citrus Bioflavonoids Market?_x000D_
North America was the largest region in the citrus bioflavonoids market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the citrus bioflavonoids marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Citrus Bioflavonoids Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Citrus Bioflavonoids Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Citrus Bioflavonoids Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Citrus Bioflavonoids Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Citrus Bioflavonoids Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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