PUNE, India, Feb. 14, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Naringenin, Neohesperidin DC, and Phloretin Market by Type (Naringenin, Neohesperidin DC, and Phloretin), End-user Industry (Food & Feed Additives, Pharmaceutical, Healthcare, Cosmetics, Personal Care, Chemicals, and Others), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 154 million in 2022 and is expected to reach USD 230.9 million expanding at a CAGR of 4.6% by the end of 2031. The market growth is attributed to the increasing use of Naringenin and Neohesperidin DC as sweeteners in dairy products, ice creams, and desserts and in the pharmaceutical industry owing to the health benefits of these flavonoids.
Key Market Players Profiled in the Report
- American Elements
- BORDAS S.A.
- BioCrick BioTech.
- ChemFaces
- Chemodex Ltd.
- FINETECH INDUSTRY LIMITED
- Otto Chemie Pvt. Ltd.
- Spectrum Chemical
- Merck KGaA
- Tokyo Chemical Industry Co., Ltd.
- Toronto Research Chemicals
- Cayman Chemical
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments, including type, end-use industry, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
Highlights on the segments of the Naringenin, Neohesperidin DC, and Phloretin Market
Based on type, the global Naringenin, Neohesperidin DC, and Phloretin market is segmented into naringenin, Neohesperidin DC, and phloretin. The naringenin segment is expected to hold a major market share in the coming years owing to the benefits of Naringenin for the treatment of obesity, diabetes, hypertension, and metabolic syndrome.
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On the basis of the end-use industry, the market is segmented into Food & Feed Additives, Pharma & Healthcare, Cosmetics and Personal Care, Chemicals, and Others. The food & feed additives segment is estimated to hold a major global market share in the coming years. Naringenin and Neohesperidin DC are widely used as food sweeteners and taste enhancers in the food and beverages industry, especially in desserts and ice creams.
Based on region, the global market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is projected to expand at a significant CAGR during the forecast period due to increasing demand for packaged food and an inclination toward alcoholic and non-alcoholic drinks.
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Key Takeaways from the Study:
- Naringenin, Neohesperidin DC, and Phloretin are types of flavonoids, a group of natural substances with various phytochemical compounds present in plants, vegetables, fruits, and leaves with potential medicinal chemistry applications.
- Increasing the effectiveness of flavonoids in the treatment of diseases increases the usage of naringenin. It is a phytochemical flavonoid, which offers health benefits in the treatment of cancer and offers anti-inflammatory and antioxidant properties.
- The growing applications of Bioactive or Polyphenolic compounds in the food & beverage industry as plant-based dietary nutrients include polyphenolic compounds such as flavonoids, which offer health benefits for the treatment of obesity, hypertension, and cardiovascular diseases.
- Neohesperidin DC is a non-nutritive sweetener, which is used in ready-to-eat foods products, which enhances the sweetness of products. Neohesperidin DC is also used as an anti-masking agent, to mask the bitter taste in food products.
The market in North America is projected to expand at a significant CAGR during the forecast period due to increasing demand for packaged food and an inclination toward alcoholic and non-alcoholic drinks.
Read 222 Pages Research Report with Detailed TOC on "Naringenin, Neohesperidin DC, and Phloretin Market by Type (Naringenin, Neohesperidin DC, and Phloretin), End-user Industry (Food & Feed Additives, Pharmaceutical, Healthcare, Cosmetics, Personal Care, Chemicals, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 - 2031"
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Key Segments Covered
Type
- Naringenin
- Neohesperidin DC
- Phloretin
End-Use Industry
- Food & Feed Additives
- Pharma & Healthcare
- Cosmetics & Personal Care
- Chemical
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Other Related Reports:
- Food Additives Market by Types [Sweeteners (Sucrose, Lactose, Bulk Sweeteners, HFCS, Fructose, and Others), Preservatives (Benzonates, Natural Antioxidants, Sorbates, and Others), Anti-Caking Agents (Silicon Dioxide, Calcium Compounds, Sodium Compounds, and Others), Hydrocolloids (Xanthan Gum, Starch, Gelatin Gum, and Others), Food Colorants (Natural Food Colorants and Synthetic Food Colorants), Acidulants (Lactic Acid, Citric Acid, Phosphoric Acid, and Others), Food Flavors and Enhancers (Flavor Enhancer, Natural Flavors, and Synthetic Flavors), Enzymes (Lipase, Carbohydrase, Protease, and Others), and Emulsifiers(Sorbate Esters and Derivatives & Mono- Di-Glycerides)], Applications [Beverages, Dairy and Frozen Desserts, Convenience Foods, Bakery and Confectionery, and Others], and Regions [Asia Pacific, North America, Latin America, Europe, and Middle East and Africa] - Global Industry Analysis, Growth, Shares, Size, Trends, and Forecast 2021 - 2028
- Global Cholesterol Market by Type (NF Grade Cholesterol, BP Grade Cholesterol, Other Grade Cholesterol), By Application (Pharmaceuticals, Feeds, Cosmetics, Others) And by Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
- Global Food Additives Colors Market by Type (Natural Pigments, Synthetic Pigment), By Application (In Food, In-Cosmetics, In Medical Devices, In Drugs), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast To 2028
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