Hesperidin Market Size - By Source (Citrus Fruits, Synthetics), By Form (Powdered, Liquid), By Purity (Standard Purity, High Purity), By Application (Dietary Supplements, Pharmaceuticals, Cosmetics, Food & Beverages), End Use & Forecast, 2023 – 2032

Hesperidin Market Size

Hesperidin Market size was valued at USD 180 million in 2022 and is estimated to grow at 7.3% CAGR from 2023 to 2032. The growing customer awareness regarding the positive health benefits of organic & green health ingredients will fuel the hesperidin demand as a dietary supplement and functional ingredient. The exceptional health & nutritional gains offered by hesperidin make it the most favored ingredient in the formulation of dietary supplements & functional foods, increasing its demand in the nutraceutical sector.
 

As hesperidin rejuvenates & improves the skin tone and offers age-reversing effects, it is generally incorporated into cosmetics and other personal care merchandise including creams, lotions & serums. It also offers antioxidant & anti-inflammatory properties, stimulating the hesperidin market growth.
 

With evolving health perceptions and the positive attitude toward natural & clean ingredients, modern customers have embraced preventive healthcare, prioritizing the maintenance of overall wellness rather than relying on treatments after falling ill. Owing to its potential advantages, hesperidin plays a crucial role in maintaining the overall health, which in turn, drives its requirement as a key ingredient in promoting preventive care.

Hesperidin is largely derived from citrus fruits, which serve as primary raw materials. The extraction of hesperidin from citrus fruits is a complicated & expensive procedure. Climactic conditions, crop ailments, and variations in farming methods will also affect the availability & quality of citrus fruits. Crop production, manufacturing costs, and market trends will lead to price variations in hesperidin. Instability in prices can influence the profit potential of hesperidin manufacturers, making it a difficult task to keep a constant pricing for end products comprising hesperidin.
 

Hesperidin has numerous cost-effective synthetic alternatives with homogenous compositions that can be easily procured. Synthetic hesperidin can pose challenges to natural hesperidin suppliers; however, the increased proclivity for natural & organic products will provide a positive outlook for the natural hesperidin market.
 

COVID-19 Impact

Governments across the world-imposed lockdowns, border closures, and various other restrictions to curb the virus spread, which disrupted the supply chains and caused product shortage. This also negatively impacted the procurement of raw materials essential for the extraction of hesperidin, escalating the product prices. Pandemic radically transformed the shopping habits of consumers with expenditure only on essential food items while avoiding non-essential stuffs and high-value nutritional supplements.
 

This drop in consumer purchasing power briefly affected the demand for hesperidin-based products. However, the increased emphasis on the improvement of health & wellness eventually fueled the demand for hesperidin as it is renowned for immunity-empowering properties. The decrease in the number of COVID-19 cases and the implementation of consequent strategies by government & non-government organizations are set to stimulate the market growth.
 

Hesperidin Market Trends

Hesperidin, due to its antioxidant & anti-inflammatory properties, is a very popular functional ingredient in several health supplements as it supports cardiovascular health, resolves circulatory issues, and also improves the immunity. Modern consumers are highly informed about the advantages of clean & organic ingredients, driving the hesperidin demand as a highly popular nutritional supplement and functional ingredient. The positive consumer outlook for the nutraceutical segment that emphasizes on products that merge nutritional and pharmaceutical benefits is also fueling market demand.
 

Hesperidin Market Analysis

The hesperidin market size from citrus fruits segment held over USD 38 million in 2022, due to the antioxidant & anti-inflammatory benefits it offers. Hesperidin derived from citrus fruits will match the consumer demand for organic ingredients. This requirement for natural & functional ingredients in functional food items, nutritional supplements, and beverage industries will drive the demand for citrus fruit-derived hesperidin, further accelerating segment growth.
 

The powdered segment accounted for 60% of the hesperidin market share in 2022. Powdered hesperidin is majorly utilized as a functional ingredient in nutritional supplements, especially in capsule or tablet preparations. With its high versatility, powdered hesperidin seamlessly mixes with other ingredients and is a handy & stable form for encapsulation. There is a high demand for powdered hesperidin in nutritional supplements, which is also fueled by the growing customer emphasis on preventative health & wellness. Liquid hesperidin has uses in certain oral suspensions or liquid dosage forms. It is a highly convenient form for perfect dosing and dispensing.
 

The hesperidin market from standard purity segment is predicted to expand at 7.6% CAGR through 2032. Standard purity hesperidin is a majorly used ingredient in dietary supplements as it is economical with no requirement for ultra-high levels of purity. However, pharmaceutical applications require high purity hesperidin owing to the requirement to meet purity & quality standards of the highest order in medicinal preparations. The high demand for high purity hesperidin at diagnostic laboratories will also fuel market size.
 

The hesperidin market from dietary supplements segment is anticipated to record 6.2% CAGR till 2032. Hesperidin supports heart health, improves blood circulation, and lowers cholesterol levels, supporting the overall cardiovascular health. These advantages drive hesperidin demand in supplements that support cardiovascular health. Owing to these health benefits, hesperidin is studied with increased interest by scientific & medical communities. Many scientific organizations are undertaking research & development efforts to study its other benefits that include anti-inflammatory, antioxidant, anticancer, and neuroprotective properties.
 

The healthcare & pharmaceuticals segment is expected to grow at a profitable rate and held a high hesperidin market share in 2022. Consumers have a positive outlook for organic products and ingredients, leading to a high demand for nutritional supplements and nutraceuticals fortified with hesperidin. The increasing requirement to enhance cardiovascular health, immunity functions, and other cognitive health factors among the growing elderly population is also fueling product demand as they are the major consumers of supplements comprising hesperidin.
 

The U.S. hesperidin market revenue of around USD 90 million in 2022. Consumers in North America are rapidly inclining toward preventative healthcare & wellness and organic ingredients, driving the demand for products comprising hesperidin and other nutritional additives. The expanding North America wellness & beauty industry is experiencing a noteworthy rise in the demand for clean products that will aid in sustaining the natural beauty and improving optimal health.
 

Hesperidin Market Share

Some of the leading companies operating in the hesperidin market include

• Achemo Corporation
• Auraleafs Labs Private Limited
• BOCSCI Inc.
• BioCrick Co., Ltd.
• Benepure Corporation
• Bolise Co., Ltd.
• Chengdu Runde Pharmaceutical Co., Ltd.
• Morre-Tec Industries

These companies are focused on strategies including partnerships, product launches, and commercialization efforts for market expansion. Furthermore, they are majorly involved in research & development activities, introducing innovative products and garnering the maximum revenue in the market.
 

Hesperidin Industry News

• In 2021, BioCrick Co., Ltd. has created a natural product library with over 8,000 chemicals sourced from natural sources. This is used by the company to provide small molecule compounds with potential biological and pharmacological action to pharmaceutical, agricultural, and biotechnology companies all over the world.
   

This hesperidin market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue and volume (USD Million & Tons) from 2018 to 2032, for the following segments:

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Market, By Source

• Citrus Fruits
• Synthetics

Market, By Form

• Powdered
• Liquid

Market, By Purity

• Standard Purity
• High Purity

Market, By Application

• Dietary Supplements
• Pharmaceuticals
• Cosmetics
• Food & Beverages
• Others

Market, By End Use

• Healthcare & Pharmaceuticals
• Nutraceuticals
• Cosmetics & Personal Care
• Food & Beverages
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Poland
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Philippines
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE