Lemon Bioflavonoids Market Hit Valuation of US$ 562.9 Mn to Grow at a High CAGR of 8.1% through 2033 – Persistence Market Research
Market Study: Lemon Bioflavonoids: Europe & East Asia to Remain Key Regional Marketplaces
New York, January 12, 2023 (GLOBE NEWSWIRE — The global lemon bioflavonoids market According to Persistence Market Research, the market is expected to reach US$ 258.9 Million in 2022. It will grow at an 8.1% CAGR through 2032 according this new analysis.
Due to their many pharmacological benefits, Bioflavonoids are attracting a lot of attention from consumers. Bioflavonoids are ideal for use as active pharmaceutical ingredients (APIs) in various medicines. They have antiallergenic and antiviral properties.
“Lemon bioflavonoids find use in various industries ranging from cosmetics to pharmaceuticals and dietary supplements. Manufacturers can increase their profits by targeting the cosmetics and personal care sector over the coming years,” says a Persistence Market Research Analyst.
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Market Study: Key Takeaways
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The North American market for lemon bioflavonoids will reach 3,784 tons in 2032.
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In 2022, Europe and East Asia held a combined market share of 45%.
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Hesperidin, a bioflavonoid that is 3,196 tonnes in weight, is the most widely consumed.
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The market share for food and beverages is 34.7% based on end-use in 2022.
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Oceania is projected to grow the fastest with a volumetric CAGR at 9.3% through 2032.
Additionally, many of the phenolic substances found in citrus fruits are used in the pharmaceutical industry to treat dyslipidemia, insulin resistance and hepatic Steatosis. Bioflavonoids play a role in the therapeutic effects of many traditional medicines. They lower the risk for cancer and other cardiovascular disease.
Pharmaceutical manufacturers are now leveraging the health benefits of bioflavonoids from lemons by holistically harnessing their potential in developing effective medicines. The numerous medicinal properties of bioflavonoids will continue to drive their consumption in the years ahead.
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Competitive Landscape
Capital investments in R&D to streamline the production process is a key strategy being adopted by industries across the world. Companies must be aware of industry developments in order to stay ahead of their competitors due to the fierce competition and rapid pace at which new research is being developed.
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Boc Sciences focuses on research and development in order to identify and develop new chemicals through advanced analytical techniques. It uses holistic research to improve its yield and production capabilities, as well as develop new products that meet market demand.
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Botanic Healthcare’s aim is to participate in various exhibitions conducted at the domestic and international levels, which will help the company be at the forefront of competition.
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Botanic Healthcare, for instance, displayed its products at CPHI South East Asia in October 2022. There were also participation from other pharmaceutical and nutraceutical companies. To increase its brand awareness, the company displayed clinically proven products.
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About Food & Beverage Division at Persistence Market Research
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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