MarketResearch.biz announces publication of its most recently generated research report titled, “Global Citrus Bioflavonoids Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powder & Mixes, Oils, Fats & Shortenings, Starch, and Colors & Flavors), Application (Biscuits & Cookies, Cakes & Pastries, Coating Batters, and Others), and Region – Global Forecast to 2021 and 2031.”, which offers a holistic view of the global Citrus Bioflavonoids market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2021–2025) is projected to be over US$ 1,113.0 Mn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Bioflavonoids or flavonoids are a family of polyphenolic compounds found in the plant kingdom. More than 4000 flavonoids known-to-date are found in the human diet as natural components of vegetables, fruits, and beverages such as wine and tea. Flavonoids are comprised of two aromatic rings (A and B) that are connected by three carbon atoms, which combine with an oxygen atom and two carbon atoms from the aromatic A-ring to form a third oxygenated heterocycle ring (C-ring).
Global Citrus Bioflavonoids Market: Market Dynamics
Consistent increases in healthcare expenditures of both developed and emerging nations have resulted in increased consumer spending on several dietary supplements. In addition, the number of fitness enthusiasts and health-conscious individuals is also increasing. These factors are anticipated to augment revenue growth prospects for this target market. Supportive initiatives introduced by respective governments across several countries supporting pharmaceutical companies in producing innovative products, as well as addressing specific medical conditions. These factors are expected to drive the market growth of citrus bioflavonoids. Moreover, citrus bioflavonoids aids in scavenging free radicals and stabilize the reactive oxygen. This can lead to the development of fewer allergic diseases, and can also slow or prevent cancer. These factors are expected to fuel the growth of the target market over the next 10 years.
However, the excessive consumption of citrus bioflavonoids can cause several side effects such as hives; difficulty in breathing; swelling of the face, lips, tongue, or throat. This is another factor that is also anticipated to have a negative impact on the revenue growth of this target market to a certain extent.
Currently, North America and Europe account for the majority share of the global nutraceutical market. But, as these markets attain maturity, the focus of nutraceutical players is now shifting towards developing economies, especially those across the Asia Pacific region. This anticipated business expansion across developing regions is anticipated to fuel additional opportunities for increased revenue growth in the years to come.
Global Citrus Bioflavonoids Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global Citrus Bioflavonoids market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global Citrus Bioflavonoids market is estimated to expand at a moderate CAGR of 7.5% during the forecast period.
Global Citrus Bioflavonoids Market: Segmental Snapshot
The market report has been segmented on the basis of type, product type, source, application, and region. The type segment includes conventional & organic. The product type segment includes Hesperidin, Eriocitrin, Apigenin, Diosmin, Naringin, and Narirutin. The source segment is further segmented as Orange, Tangarines, Mandarins, Limes & Lemons & Grapefruit. The application segment includes Pharmaceuticals, Dietary Supplements, Food & Beverages, Animal Feed & Cosmetics. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By type: The organic segment is expected to register a CAGR of over 7.4%, thereby accounting for highest revenue share among the type segments.
By product type: The hesperidin segment is expected to register a CAGR of over 8.0%, thereby accounting for highest revenue share among the product type segments.
By source: The orange segment is expected to register a CAGR of over 7.6%, thereby accounting for highest revenue share among the source segments.
By application: The food & beverages segment is expected to register a CAGR of over 7.9% over the forecast period, thereby accounting for highest revenue share among the application segments.
By region: The market in North America accounted for highest revenue share in the global Citrus Bioflavonoids market in 2021, and is estimated to register a CAGR of over 7.5% between 2022 and 2031.
Global Citrus Bioflavonoids Market: Competitive Analysis
The research report on the global citrus bioflavonoids market includes profiles of major companies such as Merck KGaA, Cayman Chemical Company Inc., Natural Factors Inc., J & K Scientific Ltd., Santa Cruz Biotechnology, Inc., Hunan Sunfull Bio-tech Co., Ltd, Bordas SA, MORRE-TEC Industries., Yaan Times Biotech Co. Ltd, Hunan Yuantong Pharmaceutical Co., Ltd, Nans Products.
The Global Citrus Bioflavonoids Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2025 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global Citrus Bioflavonoids Market for 2021–2031.
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