The size of the Quercetin market is anticipated to reach US$ 1,296 million globally in 2022 and increase at a compound annual growth rate (CAGR) of 12.4% from 2022 to 2032. By the end of 2032, it is projected that quercetin sales would have reached a market valuation of US$ 3,968 million. Global demand for quercetin is being driven mostly by its increasing use in the food and beverage, pharmaceutical, and dietary supplement industries.
The Quercetin market has seen significant increase as a result of becoming known as an all-natural antioxidant and anti-inflammatory. The demand for functional foods and supplements has surged as more people become aware of quercetin’s potential health benefits, which include support for the immune system and heart health. This growing trend is predicted to continue, driving the market’s expansion in the upcoming years.
The market for quercetin is projected to grow at a CAGR of 12.4% from 2022 to 2032, reaching US$ 1,296 million in 2022. The market value of quercetin sales worldwide is anticipated to reach US$ 3,968 Mn by the end of 2032. The growing use of quercetin in industries including pharmaceutical, food and beverage, and dietary supplements is a major factor in the increase in its demand on a global scale.
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Due to its antibacterial and anti-inflammatory qualities, quercetin is increasingly being used in dietary supplements, pharmaceuticals, and food and beverage sectors, which is one of the key factors anticipated to drive the worldwide quercetin industry during the forecast period.
Consumers are increasingly opting for organic foods in their daily lives, according to recent trends. As a result, there is a huge increase in demand for natural compounds like quercetin.
Similarly, rising health awareness as well as the increasing acceptance of functional foods and supplements is expected to boost the quercetin industry over the projection period.
As people are becoming aware of the harmful impact of artificial preservatives in food and beverage products, they are opting for products containing natural preservatives. This has prompted manufacturers to utilize healthy ingredients like quercetin in their products, thereby aiding in the expansion of the global quercetin industry
Additionally, growing usage of quercetin in pharmaceuticals due to its various health benefits will create lucrative opportunities for manufacturers during the forthcoming decade. Hence, leading quercetin manufacturers are ramping up their production capacities, launching new products, and employing novel and cost effective production techniques.
Key Takeaways from Market Study
- Global quercetin sales are projected to grow at a CAGR of 14.3% between 2022 and 2032.
- By end user, the food & beverage industry holds a substantial share of the global quercetin industry
- Based on nature, the organic segment is likely to grow at a higher CAGR during the assessment period.
- Demand for quercetin in Japan is expected to grow at 11% CAGR during the forecast period.
- China’s quercetin industry is expected to grow at a CAGR of 12% between 2022 and 2032.
- The quercetin industry in India is projected to expand at 14.3% during the forecast period.
“Long-term forecasts indicate that market participants will benefit from the increased health awareness and growing demand for functional foods and supplements containing natural ingredients like quercetin”, –says a lead analyst at Future Market Insights.
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Who is Winning?
Key players in the global quercetin market include King herbs 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., and Source Naturals Inc
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Quercetin industry presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the demand for Quercetin indusytry based on
product (liquid, powder), nature (organic, inorganic), sales channel (stored-based retailing, modern grocery store (convenience store, discounters, hypermarket, supermarket,) traditional retailers (food specialist, independent small grocers, other grocers), online retailing/delivery, direct sales), and end user (food & beverage industry, pharmaceutical, dietary supplement, nutraceutical) across several regions.
Quercetin Industry by Category
By Product:
- Liquid
- Powder
By Nature:
- Organic
- Inorganic
By End User:
- Food & Beverage Industry
- Pharmaceutical
- Dietary supplement
- Nutraceutical
By Sales Channel:
- Stored -based retailing
- Modern Grocery Store
- Convince store
- Discounters
- Hypermarket
- Supermarket
- Traditional Retailers
- Food specialist
- Independent small Grocer
- Other Grocers
- Online Retailing /Delivery
- Direct Sales
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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