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Synephrine Market

Market Insights on Synephrine covering sales outlook, demand forecast & up-to-date key trends

Synephrine Market by Form, Grade, End Use & Region - Forecast 2022 - 2032

Synephrine Market Snapshot

The global synephrine market size is expected to be valued at US$ 6.9 Billion in 2032 and exhibit immense growth at a CAGR of 4.7% in the forecast period from 2022 to 2032. Increasing usage of this ingredient in nutraceuticals for reducing weight or as a dietary supplement is likely to push the demand for synephrine in future. As per FMI, the global synephrine market is set to reach US$ 3.1 Billion in 2022.

Report Attribute

Details

Synephrine Market Estimated Base Year Value (2021)

US$ 2.5 Billion

Synephrine Market Expected Market Value (2022)

US$ 3.1 Billion

Synephrine Market Anticipated Forecast Value (2032)

US$ 6.9 Billion

Synephrine Market Projected Growth Rate (2022-2032)

4.7% CAGR

Synephrine is present in citrus plants belonging to the Rutaceae family. It is considered to be a sympathomimetic alkaloid that has three different isomeric forms, namely, o-synephrine, m-synephrine, and p-synephrine.

Various grades of synephrine are available in the market depending upon their end uses. Rising sales of synephrine of the pharma grade for usage in various dietary supplements and nutraceuticals is anticipated to drive the market.

Synephrine is also known to facilitate the breakdown of fats and surge the glucose uptake by propelling the energy expenditure. Recent studies have showcased that m-synephrine and p-synephrine are two of the most active constituents in citrus aurantium.

Various companies are also utilizing synephrine in functional drinks, as well as soft drinks. Some of these companies are increasingly focusing on unveiling novel soft drinks with bitter orange to help consumers in losing weight during a calorie-controlled diet.

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How is the Need for Dietary Supplements Driving the Synephrine Market Growth?

The high demand for functional food and dietary supplements in both developed and developing countries is anticipated to bode well for the synephrine market growth in future years. Increasing need for these supplements for the treatment of malnutrition and cardiovascular disorder is another vital factor that is likely to aid growth.

As per the World Health Organization (WHO), nearly 17.9 million people die every year because of cardiovascular disorders. Approximately 85% of all deaths are associated with strokes and heart attacks. These numbers are projected to grow at a rapid pace, thereby boosting the market. In addition, the ever-increasing geriatric population and surging healthcare costs are estimated to augment growth.

Which Factors May Hinder the Synephrine Market Growth?

Governments of various countries have implemented strict norms to control the usage of certain ingredients in dietary supplements. These norms vary from country to country. In Italy, for instance, the government allows the usage of 30 mg of synephrine only from a natural source, whereas in France, it approves the usage of nearly 20mg of synephrine in food supplements. This factor may hamper expansion of the global synephrine market size in the evaluation period.

Nandini Roy Choudhury
Principal Consultant
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How are Sports Enthusiasts Accelerating the North America Synephrine Market?

In terms of region, North America is expected to remain at the forefront by generating the largest synephrine market share in the assessment period. Increasing consumer inclination towards a healthy lifestyle and surging number of fitness enthusiasts are likely to push the regional market. Besides, rising participation of people in sports at international and national levels is projected to augment growth.

Moreover, increasing consumption of sports and energy drinks is compelling manufacturers to launch new beverages with low fats and calories. They are also adding various fruit and vegetable flavoring additives for improving the taste of their beverages. The rising number of supermarkets and specialty stores across the U.S. and Canada is another crucial factor that is likely to drive growth.

Is the Demand for Nutraceuticals Propelling the Asia Pacific Synephrine Market?

Asia Pacific is likely to remain in the second position in terms of share in the upcoming years. Increasing awareness among consumers about herbal products in India and China is expected to propel the regional market. The emergence of new types of nutraceuticals in the forms of soft gels, jellies, and gummies in these countries is also set to bolster growth.

The demand for synephrine is anticipated to grow at a rapid pace across Asia Pacific with the rising health concerns among consumers, need for combined formulations, and increasing prevalence of life-threatening diseases. Also, the high demand for functional products, including snacks, dairy products, meat, confectionery, and cereals is expected to drive the market.

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Market Competition

Some of the renowned companies present in the global synephrine market include Fengchen Group Co. Ltd., Sigma-Aldrich, NANS Products, Chengdu Hawk Bio-Engineering Co. Ltd., Shanghai Passiono International Co. Ltd., Nutra Green Biotechnology Co. Ltd., LGM Pharma, Foodchem International Corporation, and Hangzhou Greensky Biological Tech. Co. Ltd. among others.

Leading companies in the global market are focusing on mergers and acquisitions with start-up firms to co-develop new products and distribute them in the industry. A few other key players are aiming to engage in joint ventures, partnerships, and research & development activities to strengthen their positions and gain a competitive edge in the global market.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 4.7% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Form
  • Grade
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Fengchen Group Co. Ltd.
  • Sigma-Aldrich
  • NANS Products
  • Chengdu Hawk Bio-Engineering Co. Ltd.
  • Shanghai Passiono International Co. Ltd.
  • Nutra Green Biotechnology Co. Ltd.
  • LGM Pharma
  • Foodchem International Corporation
  • Hangzhou Greensky Biological Tech.Co. Ltd.

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Key Segments Profiled in the Synephrine Industry Survey

By Form:

  • Powder
  • Liquid

By Grade:

  • Pharma Grade
  • Food Grade

End Use:

  • Dietary Supplements
  • Nutraceuticals
  • Food Processing

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

The global synephrine market is set to exceed US$ 6.9 Billion in 2032.

North America is set to lead the synephrine market in the forecast period.

Fengchen Group Co. Ltd., Sigma-Aldrich, NANS Products, Chengdu Hawk Bio-Engineering Co. Ltd., and Shanghai Passiono International Co. Ltd. are some of the renowned companies in the synephrine market.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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