PUBLISHER: The Business Research Company | PRODUCT CODE: 1597020
PUBLISHER: The Business Research Company | PRODUCT CODE: 1597020
Citrus bioflavonoids are natural compounds found in citrus fruits such as oranges and lemons, recognized for their antioxidant, anti-inflammatory, and immune-boosting effects. They are commonly included in supplements to promote heart health, enhance immunity, and aid in the absorption of vitamin C.
The main types of citrus bioflavonoids include diosmin, eriocitrin, hesperidin, naringenin, nobiletin, quercitrin, rutin, and tangeritin. Diosmin, in particular, is a natural compound predominantly found in citrus peels and is often used to improve blood circulation and address venous diseases. Key sources of these compounds include grape peel, lemon and lime peel, and orange peel. They are available in various forms, such as gummies, powders, and tablets. These bioflavonoids are utilized by a diverse range of end-users, including those in animal feed, cosmetics and personal care, dietary supplements and nutraceuticals, food and beverages, and pharmaceuticals.
The citrus bioflavonoids market research report is one of a series of new reports from The Business Research Company that provides citrus bioflavonoids market statistics, including citrus bioflavonoids industry global market size, regional shares, competitors with a citrus bioflavonoids market share, detailed citrus bioflavonoids market segments, market trends and opportunities, and any further data you may need to thrive in the citrus bioflavonoids industry. This citrus bioflavonoids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The citrus bioflavonoids market size has grown rapidly in recent years. It will grow from $1.08 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth observed during the historic period can be attributed to rising consumer interest in natural and plant-based products, an increased demand for dietary supplements, greater awareness of the antioxidant properties of bioflavonoids, their expanding use in pharmaceuticals, increased research into the health benefits of bioflavonoids, a surge in functional food consumption, and the growth of the global citrus fruit industry.
The citrus bioflavonoids market size is expected to see rapid growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The anticipated growth during the forecast period can be attributed to a growing consumer preference for organic ingredients, advancements in bioflavonoid extraction technologies, increased incorporation of bioflavonoids in nutraceuticals, heightened health consciousness in emerging markets, a greater focus on immune health following COVID-19, expanding applications in anti-aging products, and increased government support for natural food additives. Key trends expected in this period include innovations in bioflavonoid-enhanced skincare and beauty products, a rising demand for citrus-based antioxidants in functional beverages, growing consumer interest in eco-friendly sourcing, personalized nutrition utilizing bioflavonoid supplements, expanded use in sports nutrition, increased research and development focused on cognitive health benefits, and a rise in demand for clean-label products containing bioflavonoids.
The increasing demand for natural and organic products is projected to drive the growth of the citrus bioflavonoids market in the future. Natural and organic products are created using ingredients sourced from nature, without the inclusion of synthetic chemicals or artificial additives. This rising demand is attributed to heightened health consciousness, environmental concerns, and a preference for chemical-free alternatives. Citrus bioflavonoids are gaining notable popularity in the natural and organic products market as consumers actively seek plant-based ingredients that promote health and wellness in a sustainable and chemical-free manner. For instance, a report from the Organic Trade Association in May 2023 noted that organic food sales in the U.S. exceeded $60 billion for the first time in 2022, with total organic sales reaching a record $67.6 billion. Additionally, The Organic Research Centre, a UK-based non-profit organization, reported in February 2023 that sales of organic food and beverages in the UK rose from £3.05 billion ($3.88 billion) in 2021 to £3.11 billion ($3.95 billion) in 2022. Thus, the growing demand for natural and organic products is fueling the expansion of the citrus bioflavonoids market.
Leading companies in the citrus bioflavonoids market are focused on creating innovative products that utilize Eriomin lemon fruit extract to assist with blood sugar regulation, improve metabolic health, and provide antioxidant benefits, addressing the rising consumer demand for natural, functional ingredients in health products and supplements. Eriomin is a standardized, high-potency lemon bioflavonoid blend that supports health by enhancing antioxidant activity and improving the body's insulin response. For example, in September 2024, Lemme, a U.S.-based dietary supplement manufacturer, introduced Lemme GLP-1 Daily, a new weight management supplement featuring three main ingredients, Eriomin lemon fruit extract, Supresa saffron extract, and Morosil red orange fruit extract. This product is positioned as a natural alternative to prescription GLP-1 medications such as Ozempic, aiming to stimulate the body's natural GLP-1 production, curb appetite, and promote healthy weight loss. It is being studied for its anti-inflammatory and antioxidant properties, which may support metabolic health and appetite regulation.
In July 2022, Jamieson Wellness Inc., a Canada-based wellness product manufacturer, acquired Nutrawise Health & Beauty Corporation for an undisclosed sum. This acquisition enables Jamieson Wellness to expand its footprint in the U.S. vitamin, mineral, and supplement (VMS) market by adding Youtheory's premium brand and product line, which complements Jamieson's existing branded portfolio. Nutrawise Health & Beauty Corporation is a U.S.-based manufacturer of health and wellness products, including citrus bioflavonoids.
Major companies operating in the citrus bioflavonoids market are Dohler Group, Kemin Industries Inc., Herbalife Nutrition Ltd., Natural Factors USA, Green Sky Biological, Life Extension Foundation Inc., Nans Products, Country Life LLC, NutraBlend Foods LLC, Cayman Chemical, Selleck Chemicals LLC, Solgar Inc., Aloha Medicinals Inc., Bordas S.A.S, Botanic Healthcare, BOC Sciences, Freeda Vitamins Inc., Sundown Naturals, NutraScience Labs, Paradise Herbs Inc
North America was the largest region in the citrus bioflavonoids market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the citrus bioflavonoids marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the citrus bioflavonoids marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The citrus bioflavonoids market consists of sales of functional foods, herbal extracts, and fortified beverages. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Citrus Bioflavonoids Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on citrus bioflavonoids market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for citrus bioflavonoids ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The citrus bioflavonoids market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.