Food – Brisk Insights

Hesperidin is a disaccharide derivative and flavonoid which is largely extracted from citrus fruits such as lemon, orange, lime, grapefruit etc. Hesperidin finds considerable application as an antioxidant, anti-inflammatory, flavour enhancing plant pigment in pharmaceutical industry, food industry, dietary supplements, cosmetic industry and others. Hesperidin has been observed to decrease capillary permeability and fragility along with other diverse physiological activities that includes improvements in poor circulation, hypertension and hyperlipidaemia. However, owing to their low solubility in water, their application was limited earlier in functional foods. Researchers have overcome this issue by performing glycosylation of hesperidin to produce glucosyl hesperidin that is 100,000 times more soluble than hesperidin. This has offered the functional food manufacturers to largely utilize this compound in food applications.

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Growth in functional food market has surged the consumption of hesperidin in food industry. Hesperidin market has been anticipated to show growth rate of 6.8% during 2019-2026. According to the Institute of Food Technologists, global functional food sales has boosted to about $63.3 billion as of 2017 rising from about $55.1 billion in 2015. Moreover, according to the new case study by European Association of Fruit Juice Industry (AIJN), hesperidin found in orange juice may considerably help in the reduction of blood pressure and other risk factors associated to cardiovascular diseases. This has raised the consumption of hesperidin among large consumer base suffering from rising blood pressure problem. According to the world health organization as of year 2016, 1.1 billion people suffered from the problem of raised blood pressure.

Demand for sweetening ingredient in pharma to foster growth in hesperidin market

Other than food manufacturing, hesperidin is also finding its application in pharmaceutical and cosmeceutical industry. In pharma manufacturing it is largely utilized to reduce the bitter taste of medicine. Moreover, hesperidin can be converted to dihydrochalcone that are utilized as a low calorie sweetener that is suitable for obese and diabetic patients. Furthermore, hesperidin finds potential to prepare drug for myocardial infraction and atherosclerosis. Surging growth in pharmaceutical production is expected to promote the growth in demand of sweetening agent such as hesperidin specifically in research and development of this compound specifically in North America region. According to the International Federation of Pharmaceutical Manufacturers & Associations, global pharmaceutical market is projected to reach nearly $1,430 billion by the year 2020. As of 2017 facts from the federation, research based pharmaceutical industry spends approximately $149.8 billion on research and development per year. Moreover, United states pharmaceutical share is expected to rise by about 41% in 2019 from 40.3% in 2015. This growth is expected to rise the consumption of hesperidin in pharmaceutical industry promoting swift growth in the global hesperidin market during the forecast years 2019-2026.

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Table of Content

Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
Executive Summary
2.1. Market Snapshot: Global Hesperidin Market
2.1.1. Global Hesperidin Market, by Type, 2018 (US$ Mn)
2.1.2. Global Hesperidin Market, by Application, 2018 (US$ Mn)
2.1.3. Global Hesperidin Market, by Source, 2018 (US$ Mn)
2.1.4. Global Hesperidin Market, by Geography, 2018 (US$ Mn)
Market Dynamics
3.1. Introduction
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Increasing demand of flavonoid as a food and pharmaceutical additive
3.2.1.2. Rising demand for antioxidant and anti-inflammatory supplements
3.2.1.3. High growth in citrus peel output
3.2.2. Market Restraints
3.2.2.1. Raw materials price depends on agricultural production
3.2.3. Market Opportunities
3.2.3.1. Surging demand for organic ingredients in cosmetic industry
3.2.3.2. Beneficial bioactivity in curing cardiovascular diseases and cancer
3.2.3.3. Rising health awareness among millennials
3.2.4. Market Challenges
3.2.4.1. Grade compliance of product as per multiple end users
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market share of Key Players, 2018
3.5. Top five findings and strategic analysis
Global Hesperidin Market, by Type
4.1. Overview
4.1.1. Global Hesperidin Market Value Share, by Type, 2018 & 2026 (Value, %)
4.1.2. Global Hesperidin Market, by Type, 2019-2026 (US$ Mn)
4.2. Reagent Grade
4.2.1. Global Hesperidin Market for Reagent Grade, 2019-2026 (US$ Mn)
4.2.2. Global Hesperidin Market for Reagent Grade, by Region 2019-2026 (US$ Mn)
4.3. Food Grade
4.3.1. Global Hesperidin Market for Food Grade, 2019-2026 (US$ Mn)
4.3.2. Global Hesperidin Market for Chemical Grade, by Region 2019-2026 (US$ Mn)
4.4. Chemical Grade
4.4.1. Global Hesperidin Market for Chemical Grade, 2019-2026 (US$ Mn)
4.4.2. Global Hesperidin Market for Chemical Grade, by Region 2019-2026 (US$ Mn)
4.5. Others
4.5.1. Global Hesperidin Market for others, 2019-2026 (US$ Mn)
4.5.2. Global Hesperidin Market for others, by Region 2019-2026 (US$ Mn)

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The global biological crop protection market is expected to grow during the forecast period (2019-2026) owing to high demand for eco-friendly agricultural treatment products. Government of numerous regions are executing rules to accept eco-friendly products for agriculture. Government agencies are also fetching in promotional activities to encourage the same. The increase in trend for organic food is also significant to the increase of global biological crop protection market. The increase in awareness concerning the ill effects of chemically grown agriculture among urban consumers is one of the key features for the rise in demand of the market.

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As per EPA biopesticides When used as a component of Integrated Pest Management (IPM) programs, can significantly decrease the usage of conventional pesticides. Moreover, in Europe the recent ban (2018) on neonicotinoid pesticides has been a prominent example of the changes in environment and agriculture regulations. In addition, the EPA generally requires less data to register a biopesticide as compared to register a chemical pesticide. Consequently, novel biopesticides are often registered in less than a year, compared to an average of over three years for chemical pesticides.

Further, as per European Federation of Managerial Staff in the Chemical and Allied Industries (FECCIA), in around 600-odd chemical-based crop protection active ingredients there are around 300 biopesticide active substances and organisms are there. In addition, in terms of patent activity, in 2017 there were increased number of patents for biological pesticides as compare to conventional crop protection products that is around 173 compared with 117. The shift to sustainable methods to improve the crop yield across the globe is leading to the growth of global biological crop protection market. Preference of environment friendly pest management technique over the conventional method is likewise another factor for the rise in demand. Biopesticide delivers a variety of services for instance sustainable protection of crops, increased efficacy of action, and targeted activity on pest population. Consequently, adoption of biopesticide for crop protection is growing in demand.

Growing demand for organic products strengthen the biological crop protection market

The development of organic products market across the globe has generated awareness primarily in consumers of developed economies about their benefits over synthetic. Further, the production of organic products in India during 2017-2018 is estimated to be around 1.7 Million MT as per Agricultural & Processed Food Products Export Development Authority (India). Further, as per Research Institute of Organic Agriculture, around 50.9 million hectares of agriculture land was growth of crops organically in 2015, that is 6.5 million hectares mare than in 2014. This shift in trend towards adoption of organic farming has led to the growth of global biopesticides or biological crop protection market.

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