Rising Demand in Pharmaceutical Industry Drives Hesperidin Market Growth
The global hesperidin market, valued at US$ 190.1 billion in 2021, is projected to witness a steady CAGR of 7.3% from 2021 to 2031, reaching US$ 384.3 million by the end of 2031.
Hesperidin’s increasing applications in pharmaceuticals, food & beverage, and cosmetics & personal care industries are fueling market growth, with companies focusing on product development to gain a competitive edge.
The compound’s efficacy in treating various health issues, including cardiovascular diseases, cancer, and skin ailments, is contributing to its popularity, driven by its anti-inflammatory, anti-oxidant, and anti-bacterial properties.
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Cutaneous Functions of Hesperidin Propel Market Expansion
Hesperidin’s prominence has surged during the COVID-19 outbreak, with manufacturers intensifying production to meet rising consumer demands.
Derived from citrus fruits, hesperidin’s cutaneous functions, such as wound healing, UV protection, anti-inflammation, and antimicrobial properties, are driving its applications in personal care and cosmetics industries.
The market’s growth is further supported by increasing awareness about hesperidin’s benefits, affordability, availability, and safety, positioning it for lucrative revenue growth in the coming years.