Players Increasingly Leaning on e-Commerce Channels for Revenue Generation in Citrus Bioflavonoids Market, Application in Food & Beverages Industry Drive Demand, Finds TMR
- Health-promoting Benefits Open Vast Research Interest in Citrus Bioflavonoids for Developing Nutraceuticals for Reducing Risk of Numerous Diseases, Particularly Recent Novel Coronavirus
- Companies Urge Consumers to Read Clean Labelling, Bolstering Adoption of Functional Food and Beverages Containing Citrus Bioflavonoids; Europe Currently Holds the Majority of Share in Global Citrus Bioflavonoids Market
ALBANY, New York, June 1, 2020 /PRNewswire/ -- Current and Future Avenues in Citrus Bioflavonoids Market
Numerous nutritional functions of citrus bioflavonoids, including antioxidant activity, are key to their inclusion in several industries to boost immunity and ward off chronic diseases. These include dietary supplements, pharmaceuticals and nutraceuticals, cosmetics and personal care, food and beverages, and animal feed.
Their use in commercial supplements in food and beverages industry drive demand in the citrus bioflavonoids market. Prevalence of diabetes and cardiovascular diseases will the key to demand for citrus bioflavonoid ingredients.
The current citrus bioflavonoids market stood at the worth of one billion in dollars in 2020. Clocking CAGR of 6.2% during 2020 - 2030, the global worth is expected to rise to ~US$ 2 bn by the end of 2030.
Health-promoting attributes of hesperidin and naringin in supplements are attracting attention of industry players in the light of mounting COVID-19 pandemic, concede the analysts at Transparency Market Research. Further, they opine that bioflavonoids play a crucial role in inhibiting the progression of renal diseases and controls blood sugar levels.
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Key Findings of Citrus Bioflavonoids Market
- Of the two key types of citrus bioflavonoids, conventional accounts for more share—approximately 84.7%--in 2020 in terms of value
- Based on source, orange peel accounted for top share; the leading segment is trailed by grapefruit peel and lemons and lime peel
- Of the various forms available in citrus bioflavonoids market, capsules and powder currently the dominant share of ~64%
- Of the various sales channel, B2C segment leads the pack with approximately 82% share in 2020
- Of the various end-use industries, food and beverages leads in 2020
- Of all the regions, Europe holds the top share amounting to ~36.7% in 2020
- Research pin hopes on utilizing glucosyl-hesperidin for renal disease management
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