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Quercetin Market Trends

Report ID: GMI10405
Published Date: Jul 2024
Report Format: PDF

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Quercetin Market Trends

Market trends in the global quercetin industry include a growing demand for natural and plant-based health supplements driven by increased health consciousness. There is a notable rise in the use of quercetin in functional foods and beverages, catering to consumers seeking added health benefits from their diets. Advancements in extraction and formulation technologies are enhancing product efficacy and bioavailability, attracting more consumers.

Additionally, the pharmaceutical and cosmetics industries are increasingly incorporating quercetin due to its antioxidant and anti-inflammatory properties. The market is also witnessing strategic partnerships and research collaborations aimed at exploring new applications and expanding product offerings.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of quercetin reached USD 1.29 billion in 2023 and will expand at 12.4% CAGR between 2024 and 2032, owing to growing consumer awareness of its health benefits, such as anti-inflammatory, antioxidant, and immune-boosting properties.

The dietary supplement segment will reach over USD 1.18 billion by 2032, fueled by increasing consumer interest in natural health products and preventive healthcare.

North America market will record 12.2% CAGR through 2032, due to the region's advanced healthcare infrastructure and robust dietary supplement industry, high consumer awareness of health and wellness benefits associated with quercetin.

Key players operating in the market are Kingherbs Ltd, Natural Anhui Biotechnology Co. Ltd, Xi