Hesperidin Market Analysis

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.