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Citrus Bioflavonoids Market Trends

Report ID: GMI4827
Published Date: Jun 2023
Report Format: PDF

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Citrus bioflavonoids Industry Trends

In the marketing year 2021/2022, Brazil emerged as the top global producer of oranges, yielding approximately 16.9 million metric tons. During the same period, the total global production of fresh oranges reached around 49.01 million metric tons., as favorable weather leads to a higher crop in Brazil (up 7%), and Mexico (up nearly 60 percent). The majority of the increased output is likely to go into fruit processing, with consumption and exports remaining unchanged. Brazil's output is expected to increase by 7%. Increased consumer spending on dietary supplements has stemmed from constant rises in healthcare expenses in both developed and developing countries. Furthermore, the number of fitness enthusiasts and health-conscious individuals is growing. These elements are expected to boost this target market revenues.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of citrus bioflavonoids surpassed USD 942 million in 2022 and will exhibit 8% CAGR during 2023 to 2032 driven by the rising prevalence of chronic conditions such as diabetes, high blood pressure, and high sugar levels.

North America citrus bioflavonoids industry will expand by 2032 driven by a shift towards natural and clean label products across various industries, including cosmetics, food, beverages, and personal care.

Citrus bioflavonoids industry development is projected to be aided by an increase in nutritive foods and consumer awareness and growing consumer health concerns about chronic diseases.

Destilaciones Bordas Chinchurreta S.A, Solgar, NOW Foods, Country Life LLC, Natural Factors Inc, Organika Health Products Inc., Ingredients by Nature, Yaan Times Biotech, Nans Products.