The global quercetin market size is expected to be valued at USD 1,296 million in 2022 and further grow at a CAGR of 12.4% from 2022 to 2032. Overall quercetin sales are anticipated to total a market valuation of USD 3,968 million by the end of 2032. Growing usage across industries such as pharmaceutical, food & beverage, and dietary supplement is a key factor propelling quercetin demand globally.
Quercetin is a plant pigment found in several fruits, vegetables, seeds, leaves, grains, and other sources. This plant flavonol is believed to have anti-inflammatory and antioxidant properties. As a result, it has become a commonly used ingredient in functional foods, dietary supplements, and beverages.
The increasing quercetin demand is attributed to the growing popularity of food products and supplements with health benefits. Quercetin is increasingly being used in food products as a natural antioxidant and preservative. It is a strong scavenger and anti-inflammatory agent which has been found to have significant health benefits such as reducing the risk of cancer, heart disease, and age-related conditions such as cognitive decline and Alzheimer's disease.
Quercetin is also being used in dietary supplements and functional foods to provide antioxidant protection and support cardiovascular health. Hence, rising production and consumption of these products will eventually boost quercetin sales over the next ten years.
Similarly, the rapid transition towards natural food and beverage preservatives is expected to create growth prospects for the quercetin market during the forthcoming decade.
There is a growing trend of people preferring natural foods and beverages, which has compelled manufacturers to use natural preservatives like the quercetin in their products. The key reasons for this are health concerns around the use of artificial additives in food and beverage products, as well as environmental concerns about the production of chemicals.
Thus, a shift towards using more natural ingredients due to their various benefits coupled with an increasing focus on holistic wellness therapies and rising concerns over food safety will help the quercetin industry to thrive at a stellar pace during the projection period.
Today, quercetin is also being studied for its potential use in the prevention and treatment of diseases such as cancer, heart disease, diabetes, and Alzheimer's. Various trials are being conducted on quercetin worldwide to explore its therapeutic effects on ovarian cancer cells, prophylaxis, and several other medical conditions. For instance, a new clinical trial was conducted in 2020 to evaluate the possible role of quercetin in the prophylaxis and treatment of COVID-19. This in turn will create a conducive environment for the expansion of the quercetin industry.
Attribute | Key Insights |
---|---|
Global Quercetin Market Estimated Value (2022E) | USD 1,296 million |
Projected Market Value (2032F) | USD 3,968 million |
Value-based CAGR (2022 to 2032) | 12.4% |
USA Market Share | 48.6% |
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The global quercetin demand is expected to grow at an impressive CAGR of over 12.4% between 2022 to 2032, in comparison to the 9.5% CAGR registered during the historical period from 2017 to 2021. The growing popularity of quercetin across diverse industries due to its numerous health benefits is a key factor driving the global quercetin industry forward.
Over the years, growing health awareness has prompted consumers to opt for food products and supplements containing ingredients like quercetin. This has provided a strong impetus to the global market.
Quercetin is a flavonoid commonly found in various fruits and vegetables. The substance possesses anti-inflammatory and antioxidant properties and thus helps to improve blood circulation, reduce the risk of heart diseases, and protect cells from damage. Hence, it is being increasingly used in pharmaceuticals, functional foods, nutraceuticals, and dietary supplements.
Increasing production and consumption of functional foods, dietary supplements, and nutraceuticals coupled with growing awareness about the potential benefits of quercetin will help the market to thrive at a stupendous pace over the next ten years.
Rising Demand for Natural Healthy Food Ingredients Propelling Quercetin in the USA
In recent years, there has been a growing trend of consumers seeking out natural ingredients in their everyday lives. This has led to the growth of the USA global quercetin market.
According to Future Market Insights, quercetin demand in the USA is likely to surge at a robust pace during the next ten years owing to the rising inclination towards healthy food products and increasing awareness about health and wellbeing.
Similarly, the growing popularity of functional foods and supplements and the strong presence of leading players such as BASF SE, DSM Naturals Holding BV, and Wuxi App Tech Co., Ltd are positively influencing the USA quercetin industry.
Rising Application in Pharmaceutical Industry Boosting Sales in the United Kingdom
Europe is considered to become a leading global quercetin producer due to its favorable climate and favorable soil conditions. The continent has a long history of growing produce, making it well-suited to the cultivation of plants that produce quercetin. The region also has a high concentration of quercetin-rich plant species, making it possible for farmers to cultivate these crops profitably.
Further, European countries like the United Kingdom and Germany are witnessing high demand for food supplements and dietary supplements that contain quercetin. This will boost quercetin sales over the forecast period.
FMI, predicts the United Kingdom to emerge as one of the lucrative markets for quercetin across Europe during the forecast period, owing to the widening application of quercetin in pharmaceutical and dietary supplement sectors.
Food & Beverage Remains the Leading End User for Quercetin
Based on end users, the global market for quercetin is segmented into the food & beverage industry, pharmaceutical, dietary supplement, and nutraceutical. Among these, the food & beverage industry holds the largest share of the global market owing to the rising usage of quercetin as a natural food and beverage preservative globally.
There is a growing trend of people preferring natural foods and beverages, which is driving the market for preservatives made from natural ingredients. The key reasons for this are health concerns around the use of artificial additives in food and beverage products, as well as environmental concerns about the production of chemicals. This has led to a shift towards using more natural ingredients like quercetin.
Similarly, growing demand for functional food products from health-conscious consumers will boost quercetin sales during the forecast period. As quercetin possesses antioxidant and anti-inflammatory properties, it has become an essential ingredient used by manufacturers of functional foods.
Additionally, factors such as increasing awareness about the benefits of using natural ingredients, rising focus on holistic wellness therapies, and growing food safety concerns will continue to generate high demand for quercetin over the next ten years.
Key players in the market include King herbs Ltd, Natural Anhui Biotechnology Co. Ltd., Xi’an Tianuri Biotech Co. Ltd., Natrol Llc., and Hengyang Densen Biotechnology co. ltd., Xi,anFrankherb Biotech Co. Ltd., Nanjing Zelang Medical Technology Co. Ltd., NOW Health Group Inc., Bluebonnet Nutrition Corporation, Wuxi Gorunjie Natural Pharma Co. Ltd., Oregon’s Wild Harvest Ltd., and Source Naturals Inc.
New product launches, investments in research and development (R&D), facility expansions, mergers, acquisitions, partnerships, and collaborations are some of the key strategies adopted by companies to increase their customer base and solidify their position in the market. Some of the recent developments are given below:
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Attribute | Details |
---|---|
Estimated Market Size (2022) | USD 1,296 million |
Projected Market Size (2032) | USD 3,968 million |
Anticipated Growth Rate (2022 to 2032) | 12.4% CAGR |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD million for Value and million. Sq. M. for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
Key Countries Covered | The USA, Brazil, Mexico, Germany, United Kingdom, China, India, Japan, Australia, and GCC Countries |
Key Segments Covered | Product, Nature, End User, Sales Channel, and Region |
Key Companies Profiled | Kingherbs Ltd; Natural Anhui Biotechnology Co. Ltd.; Xi’an Tianuri Biotech Co. Ltd.; Natrol Llc.; Hengyang Densen Biotechnology Co. Ltd.; Xi’An Frankherb Biotech Co. Ltd.; Nanjing Zelang Medical Technology Co. Ltd.; NOW Health Group Inc.; Bluebonnet Nutrition Corporation; Wuxi Gorunjie Natural Pharma Co. Ltd.; Oregon’s Wild Harvest Ltd.; Source Naturals Inc |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global quercetin market size is assessed to be USD 1,296 Million currently (2022).
The global quercetin demand is expected to rise at a CAGR of 12.4% between 2022 and 2032.
By 2032, the worldwide quercetin industry is projected to surpass a valuation of USD 3,968 Million.
The USA, China, Canada, Germany, and Mexico are the major countries driving demand for quercetin.
Demand for quercetin in China is projected to grow at 12% CAGR from 2022 to 2032.
The market for quercetin in India is projected to grow at a CAGR of 14.3% during the forecast period.
The demand for quercetin in Japan is expected to grow at 11% CAGR over the next ten years.
Estimated Global Industry Size (2025E) | USD 5.53 Billion |
Projected Global Industry Value (2035F) | USD 10.58 Billion |
Value-based CAGR (2025 to 2035) | 6.7% |
Estimated Industry Size (2024E) | USD 1,835.8 million |
---|---|
Projected Industry Value (2034F) | USD 3,679.4 million |
Value-based CAGR (2024 to 2034) | 7.2% |
Estimated Size (2024E) | USD 10.8 billion |
---|---|
Projected Value (2034F) | USD 16.9 billion |
Value-based CAGR (2024 to 2034) | 3.8% |
Estimated Market Value (2024E) | USD 310.9 billion |
---|---|
Projected Market Revenue (2034F) | USD 551.4 billion |
Value-based CAGR (2024 to 2034) | 7.2% |
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