This article provides an overview of the Quercetin market, with insights from SWOT, PEST, and STEER analyses. The market has experienced significant growth in recent years due to various factors, such as technological advancements, increased consumer awareness, and a growing number of applications for the technology. The market is expected to grow annually by 12.2% from 2023 to 2030.
Quercetin is a flavonoid found abundantly in fruits, vegetables, and grains, known for its antioxidant and anti-inflammatory properties. It has gained importance in recent years, driven by the rising demand for natural and plant-based products. The inclusion of quercetin in dietary supplements and functional foods has contributed to the market’s growth.
The market is segmented into different types, including reagent grade, food grade, and chemical grade quercetin. Reagent grade is used in research and laboratory settings, food grade in functional food and nutrition products, and chemical grade for industrial applications. The market extends to various applications, such as functional food and nutrition, beverages, vegetarian foods, and bakery products.
The Quercetin market is projected to witness significant growth in North America, Asia Pacific, Europe, and China. North America is driven by growing consumer awareness about the health benefits of Quercetin and the demand for natural supplements. The APAC region is expected to dominate the market, fueled by rising disposable income, urbanization, and a preference for a healthy lifestyle. Europe is also experiencing growth due to consumer inclination towards organic and natural products.
Key players in the market include Monteloeder, Hengshui Shanzhi Health Drink, EPO ., Kingherbs Limited, and Shanghai Angoal Chemical Co. These companies contribute to the growth of the market through product development, research and development investments, strategic partnerships, and expanding distribution networks.
In conclusion, the Quercetin market is witnessing remarkable growth due to the increasing demand for natural and plant-based products. This trend, coupled with the numerous health benefits of quercetin, has created a robust market niche for this flavonoid.
Sources:
– Reliable Business Insights (source article)