Hesperidin Market: Introduction
According to a recent study conducted on hesperidin by Transparency Market Research, the market is expected to expand at a CAGR of 7.3% to reach US$ 384.3 Mn by the end of the forecast period. Hesperidin is a flavanone glycoside, which is classified as a citrus bioflavonoid and majorly found in citrus fruits such as oranges, tangerines, lemon. Hesperidin is largely used in pharmaceutical applications to treat hemorrhoids, varicose veins, and improve blood circulation. It also possesses anti-inflammatory, anti-viral, and anti-bacterial properties.
The European market for hesperidin holds majority value share of more than 35% of the global hesperidin market. It is estimated to be valued at US$ 67.2 Mn in 2021 and is forecast to grow at a CAGR of 6.4% to reach US$ 125.5 Mn by 2031 in the region.
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