Press release
Hesperidin Market Set to Reach USD 349.48 Million by 2030 Amidst Rising Health Awareness
Hesperidin Market
The global hesperidin market is on a trajectory of substantial expansion, with projections estimating its value to reach approximately USD 349.48 million by 2030. This growth is driven by a compound annual growth rate (CAGR) of 7% during the forecast period.
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➤ Hesperidin Market Overview
Hesperidin, a bioflavonoid predominantly found in citrus fruits such as oranges, lemons, and grapefruits, is renowned for its antioxidant and anti-inflammatory properties. These attributes have led to its extensive application in pharmaceuticals, dietary supplements, food and beverage industries, and cosmetics. The increasing consumer awareness regarding health benefits associated with natural products has further propelled the demand for hesperidin.
➤ Hesperidin Market Competitive Landscape
The hesperidin market is characterized by the presence of several key players who are actively contributing to its growth. Notable companies include:
Merck KGaA
Thermo Fisher Scientific Inc.
Santa Cruz Biotechnology, Inc.
Cayman Chemical Company, Inc.
HiMedia Laboratories Pvt. Ltd.
These companies are focusing on research and development, strategic partnerships, and product innovations to strengthen their market positions.
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➤ Hesperidin Market Regional Demand
The Asia Pacific region has emerged as a dominant force in the hesperidin market, driven by robust production and export activities, particularly in China. The region's pharmaceutical and healthcare sectors are experiencing significant growth, further fueling the demand for hesperidin. Additionally, Europe and North America are witnessing increased utilization of hesperidin in pharmaceuticals, dietary supplements, and cosmetics, attributed to rising health consciousness and the popularity of natural products.
➤ Hesperidin Market Country-Specific Insights
Hesperidin Growth in Vietnam
Vietnam's burgeoning pharmaceutical industry presents substantial opportunities for hesperidin application. The country's focus on enhancing healthcare infrastructure and increasing investments in natural product research are expected to drive market growth.
Hesperidin Opportunities in Thailand
Thailand's rich biodiversity and traditional use of herbal medicines provide a conducive environment for hesperidin market expansion. Collaborations between local enterprises and international companies are anticipated to boost production capabilities.
Hesperidin Trends in Japan
Japan's advanced pharmaceutical sector and consumer preference for functional foods and nutraceuticals are driving the demand for hesperidin. Innovations in product formulations incorporating hesperidin are gaining traction in the Japanese market.
Hesperidin Consolidation in South Korea
South Korea is witnessing consolidation in the hesperidin market, with major pharmaceutical companies engaging in mergers and acquisitions to enhance their product portfolios and market reach.
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Hesperidin Updation in Singapore
Singapore's emphasis on research and development in the biomedical field is fostering advancements in hesperidin applications. The country's strategic location also positions it as a hub for distribution in the Asia Pacific region.
Hesperidin Growth in the United States
The U.S. market is experiencing increased demand for dietary supplements and functional foods containing hesperidin, driven by a health-conscious population and supportive regulatory frameworks.
Hesperidin Opportunities in China
As a leading producer and exporter of hesperidin, China continues to present significant opportunities. Investments in sustainable extraction methods and quality enhancement are key focus areas for Chinese manufacturers.
Hesperidin Trends in Europe
European countries are observing a surge in the use of hesperidin in cosmetics and personal care products, attributed to its antioxidant properties and consumer preference for natural ingredients.
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➤ Hesperidin Market Key Recent Developments
Ajinomoto Co., Inc. acquired Forge Biologics for $620 million in November 2023, aiming to expand its capabilities in the biopharmaceutical sector.
DKSH acquired Terra Firma, a leading North American specialty chemicals distributor, in 2022, enhancing its market presence and distribution network.
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