Global Quercetin Market Size By Type (Reagent Grade, Food Grade, Chemical Grade), By Nature (Organic and Conventional), By End-Uses (Food & Beverage Industry, Pharmaceutical, Dietary Supplement, Nutraceutical), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Quercetin Market Size And Forecast

Quercetin Market size was valued at USD 271.12 Million in 2024 and is projected to reach USD 411.58 Million by 2031, growing at a CAGR of 6.53% from 2024 to 2031.

The pharmacological properties of Quercetin such as antioxidant, antimicrobial, cardiovascular, anti-inflammatory, antiviral, anti-obesity agent, protective of the reproductive system, and many others are the primary aspects that are expected to drive the growth of this market. The Global Quercetin Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Quercetin Market Definition

Quercetin? It's basically one of those flavonoids – plant pigments that give fruits and veggies their vibrant colors! You can find it in all sorts of good stuff, like apples, berries, onions, kale, citrus fruits, legumes, parsley, tomatoes, red grapes, and tons more. Because many of us don't get enough of it through food alone, it's a popular ingredient in nutritional supplements used in the pharmaceutical and food & beverage industries. Why? Well, it’s thought to help with things like reducing inflammation, allergies, and even body fat. Plus, it's a powerful anti-oxidant! Some reports even suggest it could be effective in treating neurodegenerative diseases, viral infections, cardiovascular conditions, diabetes, circulatory dysfunction, mood disorders, and microbial activities.

Because of its various health benefits, it is used to develop tablets, capsules, injections and so its demand in the pharmaceutical industry is increasing. The expanding knowledge, information, and awareness for food safety have led individuals to shift towards natural dietary supplements which are expected to drive the growth of the global Quercetin Market during the forecast period.

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Global Quercetin Market Overview

The use of Quercetin in functional drinks such as energy and nutraceutical drinks due to its benefits, including sustained energy boost, antioxidant properties, anti-inflammatory, and enhancement of lung functioning is the major factor responsible for the growth of this market. In addition to this, it has many pharmacological properties including anti-inflammatory, antiviral, antioxidant, antimicrobial, cardiovascular, anticancer, protective of the reproductive system, and an anti-obesity agent which will boost the growth of this market. It helps in neutralizing and killing off the free radicals which damage the cell membranes, change the DNA structure, and also cause cell death.

Furthermore, it is known to give protection against several degenerative diseases by preventing lipid peroxidation. It also helps with allergies like hives, hay fever as it inhibits allergic and inflammatory substances and also inhibits the production and release of histamines. Additionally, it also improves bone mineral density and protects from bone loss, weak bone, and others. All these properties have increased their demand in the pharmaceutical and food and beverage industry which are growing rapidly. Therefore, these factors will promote the growth of Quercetin in the market.

Global Quercetin MarketSegmentation Analysis

The Global Quercetin Market is segmented based on Type, Nature, End-Uses, and Geography.

Quercetin Market, By Type

• Reagent Grade• Food Grade• Chemical Grade• Others

Based on Type, the market is segmented into Reagent Grade, Food Grade, Chemical Grade, and Others. The Food Grade is expected to have the largest share owing to its increasing demand in the food and beverage industry due to its health benefits.

Quercetin Market, By Nature

• Organic• Conventional

Based on Nature, the market is segmented into Organic and Conventional. The organic segment is anticipated to have a maximum share because of the increasing demand for organic foods.

Quercetin Market, By End-Uses

• Food & Beverage Industry• Pharmaceutical• Dietary Supplement• Nutraceutical

Based on End-Uses, the market is segmented into Food & Beverage Industry, Pharmaceutical, Dietary Supplement, and Nutraceutical. The pharmaceutical industry is predicted to hold the maximum share owing to the health benefits provided by Quercetin.

Quercetin Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

On the basis of Geography, the Global Quercetin Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific is expected to hold the largest market share in the forecast period owing to the increasing population, industrialization, and urbanization which has shifted the focus of individuals towards healthy eating habits because of changes in lifestyles.

Key Players

The “Global Quercetin Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Monteloeder, Hengshui Shanzhi Health Drink, EPO S.r.l., Kingherbs Limited, Shanghai Angoal Chemical Co, NOW Health Group Inc., Bluebonnet Nutrition Corporation, Wuxi Gorunjie Natural Pharma Co. Ltd., Oregon’s Wild Harvest Ltd., and Source Naturals Inc.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• In October 2020, HITGEN has signed a definitive agreement to purchase Vernalis (R&D) Limited, a Cambridge, UK-based world leader in fragment and structure-based drug discovery research, from Ligand Pharmaceuticals Inc. (NASDAQLGND). Vernalis (R&D) Limited’s full issued share capital will be acquired for $25 million in cash. HitGen’s industry-leading DNA-encoded chemical libraries (DEL) platform, combined with Vernalis’ strong knowledge in fragment and structure-based techniques, as well as medicinal chemistry, will provide a full range of early discovery capabilities for both internal and external collaborations.

Mergers and Acquisitions

• In May 2020, Medtronic Inc, a medical technology business, has agreed to pay $816 million for orthopedic implant maker China Kanghui Holdings Inc. Kanghui provides a diverse product portfolio, a solid R&D and production operation, a large China distribution network, and an outstanding management team to Medtronic. The transaction gives the company an advantage in the fast-growing Chinese orthopedic market, as well as a foothold in the developing global orthopedic value category.

Product Launches and Product Expansions

• Immune StrengthNow More Than Ever is a campaign launched by Source Naturals® in February to promote the importance of a healthy immune system and going all-in for wellbeing. When the body is under physical or mental stress, the Source Naturals Wellness Family of products is specifically intended to strengthen the immune system by supplying the nutrients it requires.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Million)

Key Companies Profiled

Monteloeder, Hengshui Shanzhi Health Drink, EPO S.r.l., Kingherbs Limited, Shanghai Angoal Chemical Co, NOW Health Group Inc., and Bluebonnet Nutrition Corporation

Segments Covered

By Type, By Nature, By End-Uses, And By Geography

Customization scope

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