According to a recent market study published by Growth Market Reports, titled, “Naringenin, Neohesperidin DC, and Phloretin Market” by types and by end-users: Size, Share, Trends and Opportunity Analysis, 2019-2030”, the market was valued at USD 148.6 Million in 2021 and is expected to grow at a growth rate of 4.1% by the year 2030.

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As per Growth Market Reports industry analyst Sakshi Bhoyar and Vineet Pandey “Naringenin, Neohesperidin DC, and Phloretin Market is anticipated to witness significant growth during the forecast period 2022-2030. Naringenin, Neohesperidin DC, and phloretin find applications in pharmaceutical, healthcare, and cosmetic applications, which are anticipated to fuel the market in the near future.

Naringenin is a type of flavonoid, which poses several properties such as antioxidant, anti-inflammatory, and immune system modulator, which offers biological benefits for the treatment of several diseases. Naringenin is used for delaying the progression of cancer, and to control or reduce obesity among individuals. Naringenin finds applications in the pharmaceutical sector and the food additive sector. Neohesperidin dihydrochalcone is used as a dietary food additive in nutritional supplements. It acts as a sweetener, which is a substitute for sugar in beverages.

Neohesperidin DC is used as a flavor enhancer in consumer food products. Whereas phloretin is a flavonoid, which is preferred largely in the cosmetic industry, due to its biological benefits such as effective penetration into the skin. The phloretin is introduced in its nano emulsion form, which is suitable for the treatment of skin-related conditions. The phloretin serum is used for skin aging, wrinkles, and other skin treatments. These flavonoids are extracted from the citrus fruit, tomatoes, and bergamot, among other.

Key factors that are anticipated to fuel the demand for the global Naringenin, Neohesperidin DC, and Phloretin Market during the forecast period, due to increasing demand for flavonoids in the pharmaceutical sectors and rising utilization of sweeteners in food additives are boosting the market. Conversely, the low bioavailability of flavonoids is hampering the growth of the market. Increasing funding and investment in R&D activities are creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant-embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary, as well as secondary research methodology, is used for keen observation and study about the Global Naringenin, Neohesperidin DC, and Phloretin Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments.

Validation of the estimated market size, and current & future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape.

Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights. The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities.

According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affects businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for the individual market and an enhancement of existing dynamics and limitations. In the long term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally.

In the current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, the reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study

  • The players include American Elements, BioCrick BioTech., BORDAS S.A., ChemFaces, Chemodex Ltd., FINETECH INDUSTRY LIMITED, Otto Chemie Pvt. Ltd., Spectrum Chemical, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Toronto Research Chemicals, Cayman Chemical, and Biosynth Carbosynth.
  • Based on types the global naringenin, Neohesperidin DC, and phloretin market is segmented into naringenin, Neohesperidin DC, and phloretin. The Neohesperidin DC, the segment is projected to expand at a significant CAGR during the forecast period. Neohesperidin DC is recognized as a multitasking, economical, and stable solution in many sectors. The phloretin segment is expected to grow at a significant pace during the forecast period. It provides advanced environmental protection by neutralizing damaging free radicals and improving the appearance of discoloration and overall skin tone boosting the market.
  • Based on end-use industries, the global naringenin, Neohesperidin DC, and phloretin market is segmented into food & feed additives, pharma & healthcare, cosmetics and personal care, chemical, and others. The cosmetics and personal care segment are expected to grow at a significant pace during the forecast period. The demand for phloretin and Neohesperidin DC is projected to grow due to the rise in the usage of phloretin and Neohesperidin DC, in cosmetics and personal care products.
  • The market in the Asia Pacific is estimated to expand from 2022 to 2030, due to changing trends in food preference, increasing population, and improving financial conditions. Increasing applications of naringenin, Neohesperidin DC, and phloretin in food & beverages, cosmetics, and various industries are expected to increase their demand in the region. Countries, including China, Japan, India, South Korea, Taiwan, Malaysia, and Indonesia, are constantly growing as manufacturing hubs for many industries. Hence, the market in the Asia Pacific is expected to expand at a substantial CAGR during the forecast period.

Report Scope

Report Metric

Details

Market Value in 2021

USD 148.6 Million

Market Growth Rate (from 2020 to 2028)

4.1%

Historical Data

2015-2020

Base Year

2021

Forecast Period

2022-2030

Units Considered

Value (USD Million)

Market Segments

By Type, By Application, and By Region

Key Companies Profiled

American Elements, BioCrick BioTech., BORDAS S.A., ChemFaces, Chemodex Ltd., FINETECH INDUSTRY LIMITED, Otto Chemie Pvt. Ltd., Spectrum Chemical, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Toronto Research Chemicals, Cayman Chemical, and Biosynth Carbosynth.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturers and Suppliers/Distributors
  • Demand Side: Cosmetic and personal care, Pharma and Healthcare, Chemical Industry, Animal Feed sector
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Government Bodies: Food and Drug Administration, European Food Safety Authority, Nevada Division of Public and Behavioral Health and others.