What is Global Naringin and Neohesperidin Extract Market?
The Global Naringin and Neohesperidin Extract Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of these two key citrus bioflavonoids. Naringin and Neohesperidin are naturally occurring compounds found in citrus fruits like grapefruit and oranges. They are known for their potent antioxidant properties and potential health benefits, including anti-inflammatory and anti-cancer effects. The market for these extracts is global, meaning it spans across continents, involving a multitude of producers, distributors, and consumers. The market's value is determined by the demand for these extracts in various industries, such as food and beverage, pharmaceuticals, and cosmetics. The market dynamics are influenced by various factors, including consumer preferences, technological advancements, regulatory policies, and economic conditions. The global market for Naringin and Neohesperidin Extracts is a complex and evolving landscape that requires thorough understanding and analysis.
Food Grade, Pharmaceutical Grade, Others in the Global Naringin and Neohesperidin Extract Market:
The Global Naringin and Neohesperidin Extract Market is segmented based on the grade of the extracts, which includes Food Grade, Pharmaceutical Grade, and others. Food Grade extracts are primarily used in the food and beverage industry as flavor enhancers, sweeteners, and nutritional supplements. They are known for their bitter taste and are often used in products like fruit juices, soft drinks, and confectionery. Pharmaceutical Grade extracts, on the other hand, are used in the production of medicines and health supplements. They are highly purified and meet stringent quality standards set by regulatory bodies. Other grades of extracts are used in various industries like cosmetics, where they are used for their antioxidant and anti-aging properties. The demand for these extracts in each of these grades is influenced by various factors, including consumer preferences, industry trends, and regulatory policies. Understanding these market segments is crucial for businesses and investors looking to tap into the potential of the Global Naringin and Neohesperidin Extract Market.
Sweetening, Pharmaceutical, Cosmetics, Others in the Global Naringin and Neohesperidin Extract Market:
The Global Naringin and Neohesperidin Extract Market finds its application in various areas such as Sweetening, Pharmaceutical, Cosmetics, and others. In the sweetening sector, these extracts are used as natural sweeteners in food and beverage products, offering a healthier alternative to artificial sweeteners. In the pharmaceutical sector, they are used in the production of medicines and health supplements, owing to their potential health benefits. In the cosmetics sector, these extracts are used for their antioxidant and anti-aging properties, making them a key ingredient in skincare and beauty products. Other applications of these extracts include their use in animal feed, as a natural pesticide, and in research and development activities. The diverse applications of Naringin and Neohesperidin Extracts highlight their versatility and the potential for growth in the Global Naringin and Neohesperidin Extract Market.
Global Naringin and Neohesperidin Extract Market Outlook:
The Global Naringin and Neohesperidin Extract Market has shown significant growth over the years. In 2023, the market was valued at US$ 1390 million. The market has been on an upward trajectory since then, and it is projected to reach a value of US$ 1924.3 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for these extracts in various industries, including food and beverage, pharmaceuticals, and cosmetics. The market's growth is also driven by the growing consumer awareness about the health benefits of Naringin and Neohesperidin, and the increasing preference for natural and organic products. The Global Naringin and Neohesperidin Extract Market is a promising sector with significant growth potential.
| Report Metric | Details |
| Report Name | Naringin and Neohesperidin Extract Market |
| Accounted market size in 2023 | US$ 1390 million |
| Forecasted market size in 2030 | US$ 1924.3 million |
| CAGR | 5.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BORDAS, SOST, Kingsci Biotechnology, Platnat, Kang Biotech, Chengdu Hawk Bio-engineering, Huamao, Chengdu Runde, Golden Health Care, Shreeji Pharma International, Arjuna Natural Extracts |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
