Hesperidin Market

Global Hesperidin Market Size (2024 to 2029)

The Global Hesperidin market share value is expected to grow at a CAGR of 6.8% during the forecast period 2024 to 2029 to reach USD 177.66 million by 2029 from 127.86 million in 2024. 

Hesperidin, categorized as a flavanone within the flavonoid family, is predominantly sourced from citrus fruits like oranges, grapefruits, lemons, and tangerines. Scientific investigation has revealed that Hesperidin, a citrus flavanone, showcases notable antioxidant and anti-inflammatory properties. Given the pivotal role of inflammation in chronic ailments like heart disease, the impact of introducing hesperidin supplementation to mitigate inflammatory markers has become a focal point of research attention. For instance, a study conducted in 2015 involved 134 participants aged 18 to 75 who were grappling with acute hemorrhoidal disease. Over a span of 12 days, an amalgamation of flavonoids containing diosmin, troxerutin, and Hesperidin demonstrated tangible reductions in anal discomfort and bleeding in comparison to a placebo - a substance without medicinal attributes.The convenience of accessing Hesperidin in the form of capsules and powders, coupled with its diverse therapeutic benefits, is poised to be a catalyst for the growth of the hesperidin market in the foreseeable future.

The rising research & development activities present untapped opportunities in the Hesperidin market. Research and development endeavors play a pivotal role in generating novel and inventive elements to meet the escalating global consumer demand. Manufacturers of Hesperidin are increasing their investments in research initiatives with the aim of broadening their range of products. The numerous established health advantages of Hesperidin underscore its appeal. It boasts an array of functional and therapeutic attributes, offering it a versatile component. Hesperidin finds extensive application in addressing infections, diminishing tooth plaque, and mitigating the manifestations of oral conditions, all attributable to its therapeutic properties.

DRIVERS

Rising consciousness regarding the advantageous attributes linked with Hesperidin, its cost-effectiveness, ready availability, and established safety profile is anticipated to serve as significant catalysts propelling substantial revenue expansion for participants within the hesperidin market in the upcoming years.Hesperidin has garnered substantial attention in light of heightened health concerns during the COVID-19 pandemic. Manufacturers are strategically ramping up production efforts to meet the escalating consumer demands. Predominantly sourced from citrus fruits like lemons, oranges, and tangerines, Hesperidin's proliferating applications within the pharmaceutical sector are steering global market expansion. Its remarkable anti-inflammatory, antioxidant, and antibacterial attributes position it as a viable treatment option for conditions like hemorrhoids and varicose veins. Hesperidin, a potent bioflavonoid, stands out for its efficacious cutaneous functions. It has demonstrated effectiveness in supporting cardiovascular health and managing type II diabetes. Additionally, Hesperidin's capability extends to cutaneous applications like wound healing, UV protection, anti-inflammation, and antimicrobial benefits.

Moreover, a positive consumer perspective on nutraceuticals, which combines nutritional and pharmaceutical advantages, is further propelling the hesperidin market. Notably, Hesperidin's anti-cancer properties render it applicable for potential breast cancer treatment as well. The remarkable combination of anti-inflammatory, antibacterial, and antiviral properties, along with therapeutic potential, contributes to the exponential growth of the market.

RESTRAINTS

Several factors have the potential to restrain the growth of the Hesperidin market. For example, limited raw material availability stands out as a significant concern. Hesperidin predominantly derives from citrus fruits, and its accessibility can be vulnerable to factors like weather conditions and crop yields. The loss of citrus resources is influenced by a range of pre-and post-harvest variables. Factors before harvesting, such as climatic factors (including relative humidity, rainfall, and temperature), cultivation practices, tree health, fruit maturity stage, and fruit type, all play a role. Subsequent to harvesting, practices encompassing handling, treatments, packaging, and marketing also exert substantial influence on fruit losses. These losses can manifest at various points, from harvest to the consumer phase, with mechanically harvested citrus often experiencing elevated losses. This inherent variability could contribute to supply and pricing instability for Hesperidin.

Moreover, the stringent regulatory demands pose a challenge to the market's progression. Hesperidin, being a chemical of interest, is subject to rigorous regulatory prerequisites, particularly in the pharmaceutical and food sectors. Adhering to these conditions can be both time-intensive and costly, with regulatory compliance potentially resulting in penalties and fines. This regulatory landscape adds an extra layer of complexity and potential barriers to the growth trajectory of the Hesperidin market.

Impact of COVID-19 on the Hesperidin Market

The global COVID-19 pandemic had far-reaching consequences on businesses across diverse sectors, as governments worldwide enforced lockdown measures to curb the virus's transmission. Manufacturing facilities faced temporary closures, leading to production interruptions. Additionally, the availability of Hesperidin on a global scale suffered due to disruptions in procuring essential raw materials required for its extraction, resulting in heightened product costs. The pandemic significantly reshaped consumer spending patterns, prioritizing essential food items over non-essential goods and high-value nutritional supplements. This shift in purchasing behavior momentarily impacted the demand for products incorporating Hesperidin.

Nonetheless, the growing focus on enhancing health and wellness ultimately rekindled the demand for Hesperidin, renowned for its immune-boosting attributes. While reduced consumer spending power initially affected the market, the decline in COVID-19 cases and the subsequent strategies implemented by governmental and non-governmental organizations are poised to stimulate the expansion of the hesperidin market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Hesperidin Market Analysis By Type

Based on type, the 93%-98% hesperidin type has dominated the Hesperidin market in 2022 and is anticipated to grow at the highest CAGR during the projected period. The Hesperidin type with a concentration of 93% to 98% represents a refined version of Hesperidin that has been carefully extracted from citrus fruits. This level of purity is particularly valued in scientific investigations and pharmaceutical uses, where precision and consistency are paramount requirements.On the other hand, the 90%-92% hesperidin type is the second most refined version of Hesperidin and is likely to record the fastest CAGR during the forecast period.

Global Hesperidin Market Analysis By Form

Based on the form, in the year 2022, the powdered segment held the largest share of the hesperidin market at 60%. Powdered Hesperidin finds extensive utilization as a functional component in nutritional supplements, particularly in formulations involving capsules or tablets. The versatility of powdered Hesperidin is notable, as it seamlessly blends with other constituents, providing a stable and convenient option for encapsulation. The burgeoning consumer emphasis on proactive health and well-being is a key driver behind the robust demand for powdered Hesperidin in nutritional supplements.On the other hand, liquid Hesperidin serves specific roles in formulations such as oral suspensions or liquid dosage forms. This form is highly convenient for precise dosing and dispensing, facilitating ease of use. Thus, it is expected to reach greater market value in the upcoming year.

Global Hesperidin Market Analysis By Application

Based on the application, the pharmaceutical intermediates segment is predicted to take the lead in the global hesperidin market during the forecast period. Within the pharmaceutical sector, the compound finds widespread application in enhancing blood circulation and reducing cholesterol levels. The expansion and progress observed in the pharmaceutical and healthcare domains contribute significantly to propelling the growth of the hesperidin market.On the other hand, the food segment is likely to record substantial market growth during the forecast period.

REGIONAL ANALYSIS

American region accounted for the highest share of the hesperidin market in 2022. This growth can be attributed to the escalating demand for natural and plant-derived components within the beverage, food, and dietary supplement sectors. The North American region is progressively gravitating towards proactive health management, endorsing wellness and embracing organic constituents. Consequently, the demand for merchandise incorporating Hesperidin and akin nutritional enhancements has witnessed a substantial upsurge. Simultaneously, the expanding wellness and beauty industry in North America is undergoing a noteworthy expansion. The hesperidin market is observing a heightened demand for products characterized by purity and effectiveness, aligning with the preservation of innate beauty and the enhancement of overall well-being.Furthermore, Europe is anticipated to record a significant portion of the market share. The notable contributors to the production of citrus fruits rich in Hesperidin encompass countries like Spain, Italy, Brazil, and the United States.Meanwhile, the Asia-Pacific region is poised for gradual expansion in the forthcoming years. For instance, China, with its substantial citrus fruit output and escalating requirement for natural constituents across diverse end-user sectors, is emerging as a pivotal player in the Asian landscape. Other nations projected to support market growth encompass Japan, India, and Southeast Asian nations.

KEY PLAYERS IN THE GLOBAL HESPERIDIN MARKET

Key Market players of Global Hesperidin Market are Haihang Industry, Chengdu Runde Pharmaceutical Co., Ltd, Benepure Corporation, Achemo Corporation, Auraleafs Labs Private Limited, BOCSCI Inc, BioCrick Co., Ltd, Zhejiang Kangle Pharmaceutical Co., Ltd, Bolise Co, Limited, Morre-Tec Industries, Inc, Di’ao Pharma, NAGASE & CO., LTD, VIVAN Life Sciences, Tokyo Chemical Industry Co., Ltd.

RECENT HAPPENINGS IN THE MARKET

In 2022, a study published in the jurnal Nutrients unveiled Hesperidin's promising capacity to enhance cognitive function among elderly individuals. The research revealed that a daily intake of a supplement containing 500 mg of Hesperidin led to notable improvements in memory and cognitive flexibility among older adults.

• In 2021, BioCrick Co., Ltd. introduced a comprehensive natural product library encompassing over 8,000 compounds sourced from natural origins. This resource is harnessed by the company to furnish pharmaceutical, agricultural, and biotechnology enterprises across the globe with small molecule compounds exhibiting potential biological and pharmacological activities.

DETAILED SEGMENTATION OF THE GLOBAL HESPERIDIN MARKET INCLUDED IN THIS REPORT

This research report on the global Hesperidin market has been segmented and sub-segmented based on type, form, application, & region.

By Type

• 90%-92%

• 93%-98%

• Others

• Powdered

• Liquid-

By Application

• Pharmaceutical intermediates

• Food

• Others

By Region

• North America

• Europe

• Asia-pacific

• Middle-East and Africa

• Latin America