The Quercetin market in terms of revenue was worth of USD 261.12 Million in 2020 and is expected to reach USD 406.58 Million in 2027, growing at a CAGR of 6.53% from 2021 to 2027. The Global Quercetin Market is expected to grow at a significant growth rate due to the number of driving factors such as recent development across the world, growing adoption of dietary supplements, increasing number of diseases, and many more.
A plant pigment (flavonoid) is known as quercetin which is found in numerous plants and foods including red wine, green tea, onions, apples, and berries. Among all vegetables and fruits, the content of quercetin is highest in onions. Quercetin is known as a polyphenol substance plentiful in plants and also used for medical and nonmedical determinations from ancient times. It is also present in numerous varieties of honey from diverse plant sources.
Quercetin supplements are accessible as pills or capsules. Since both are anti-inflammatories, they are often packaged with bromelain. Quercetin also possesses a number of advantages regarding health and safety aspects. It is a dietary polyphenol compound with hypothetically advantageous effects on health.
Quercetin has anti-inflammatory and antioxidant effects that might help decrease swelling, control blood sugar, kill cancer cells, and help avoid heart disease. Quercetin can also help to alleviate the cells that release histamine in the body. It is also used for the treatment for bladder infections, arthritis, and diabetes. Indeed, quercetin is also able to diminish itching, redness, and inflammation of injured skin; it may also support restoring skin barrier function, growing hydration, and decreasing water loss.
Quercetin is usually considered harmless. Quercetin is considered an exclusive bioflavonoid that has been expansively studied by scientists over the past 30 years. In the year 1930, this was first revealed by Nobel Prize laureate Albert Szent Gyorgyi.
The study provides a crucial view of the global quercetin market by segmenting the market based on type, nature, end-user, and by region & countries. Based upon the type, global quercetin market is segmented reagent grade, food grade/chemical grade, and others. Based upon the nature, global quercetin market is segmented into organic and conventional. Based upon the end-use, global quercetin market is segmented into food & beverage industry, pharmaceutical, dietary supplement & nutraceutical and Others.
The global Quercetin market research reports segments as follows:
Some of the major factors driving the growth of the quercetin market throughout the world are recent development across the world, its growing use in dietary supplements, the surge in case of various diseases, and many more. Currently, dietary supplements have become a staple in several peoples' diets because they provide adequate amounts of crucial nutrients responsibly. Since quercetin exists in countless commonly consumed foods and is obtainable as a dietary supplement.
For instance, as per the Centre for Disease Control and Prevention in February 2021, about 57.6% used any dietary supplement in the past 30 days among U.S. adults aged 20 and over. As well, in July 2020, about 62% of respondents in mainland China took dietary supplements.
Similarly, almost 77% of U.S. adults take dietary supplements. Increasing the use of dietary supplements among people is eventually enhancing the demand for quercetin. Owing to the safety aspects of the use of quercetin as a dietary supplement, many people prefer the dietary supplement in large amounts which further boosts the demand for quercetin. Consequently, growing awareness about the adoption of dietary supplements among people is severely escalating the quercetin market growth worldwide.
In addition, quercetin is dynamically playing an essential role in managing and preventing chronic diseases. The ability of quercetin is appealed to exert several advantageous effects on health, containing protection against many diseases such as osteoporosis, lung cancer, and cardiovascular disease. Rising chronic diseases among people across the world are estimated to flourish the quercetin market growth. For instance; as per the National Center for Health Statistics, in the U.S., there were around 47.6 million people aged 50 years and over with low bone mass in 2018.
Likewise, as per the World Health Organization, there were just above 2.21 million cases of lung cancer in 2020 and nearly 1.80 million cases caused death from it. As several diseases increase all over the world, the use of quercetin also enhances gradually. Quercetin and quercetin-rich foods have been described to have an extensive range of health-promoting properties, particularly in the prevention and management of a number of diseases.
Significantly, due to claiming of quercetin to exert various beneficial effects on health, its demand is extensively heightening among the people. This is the reason why rising chronic diseases propelling the growth of the market. However, several adverse effects of quercetin such as shortness of breath, headache, nausea, and vomiting may hamper the quercetin market growth globally. In spite of this, increasing recent developments and research regarding quercetin may offer profitable opportunities for the further growth of the market.
The type segment of the global quercetin market is dominated by Food Grade drive with the largest market share of 73.68% in 2020. The nature segment of the global quercetin market is dominated by Conventional drive with the largest market share of 76.26% in 2020. The end-use segment of the global quercetin market is dominated by Dietary Supplement & Nutraceuticals drive with the largest market share of XX% in 2020. The Region & countries segment of global quercetin market is dominated by North America drive with the largest share of XX% in the year 2020.
On a geographic basis, North America is anticipated to witness a significant growth owing to the various factors such as various recent developments regarding quercetin, increasing growth of pharmaceutical industry and rising number various diseases in the region. The highly expanding pharmaceutical sector in North America is one of the significant factors contributing to propelling the quercetin market growth. Despite the influence of numerous developing countries, the U.S. has captured a dominant share of the pharmaceutical sector. For instance; in 2019, the U.S. remained the world's biggest single pharmaceutical sector accounting for around 48% of the total pharmaceutical industry globally.
As a result, almost 1,229 U.S. dollars per capita of pharmaceutical spending is contributed by the U.S. while Canada has 879 USD per capita of pharmaceutical spending. The pharmaceutical sector is highly increasing in the region which is further boosting the demand for quercetin. As quercetin is a versatile molecule with numerous pharmacological properties such as antioxidant, antiviral, cardiovascular, and anticancer. Owing to various pharmacological properties, quercetin is increasingly used in the pharmaceutical sector.
Therefore, this factor is supplementing the growth of the quercetin market.
The Asia Pacific is expected to witness the fastest growth in the global quercetin market owing to increasing number of mergers and acquisitions, constant launching of the products, and various agreements in the region. Owing to outstanding beneficial properties, quercetin is widely used in many sectors and applications in the region. For instance, HengShui ShanZhi Health Drink CO., LTD has launched organic scholartree fruits extracts which are rich in quercetin with high solubility. The company also manufactured quercetin-rich organic buckwheat grass powder.
Also, Kingherbs Limited has produced Rutin, a flavonol glycoside contained quercetin. This product helps to reduce the brittleness, permeability and keeps vascular resistance. Various launching of the products in the Asian countries are aggressively increasing owing to growing awareness about the benefits of quercetin. This is further boosting the production and consequently supplementing the quercetin market growth in this region.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 261.12 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 406.58 Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Chengdu Chenlv Herb Co., Ltd., Xieli Pharm, Merck KGaA, BENEPURE Corporation, Indena S.p.A, Quercis Pharma, INDOFINE Chemical Company, Inc|
|Segments Covered||By Nature, By Type, By End Uses|
|Regional Analysis||North America, U.S., Canada, , Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA|
The regions covered in this global Quercetin market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of Quercetin is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us firstname.lastname@example.orgJOIN US
BrandEssence® Market Research and Consulting Pvt ltd.
Kemp House, 152 - 160 City Road, London EC1V 2NX
© Copyright 2022-23 BrandEssence® Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence®