The market for flavonoids is anticipated to expand at a CAGR of 5.6% by 2032, when sales are projected to reach US$ 2.2 billion. It is frequently incorporated into supplements, tablets, and capsules in the pharmacy and nutraceutical industries. Nearly 80%.3% of the market for polyphenols is expected to be made up of flavonoids sales.
Flavonoids can be obtained mainly from carrot, broccoli, berries, citrus fruits, pepper, tomatoes, and many other fruits. Flavonoids are also present in vegetables. Flavonoids possess antioxidant properties coupled with anti-inflammatory and immune-boosting properties.
The growing interest in dietary flavonoids due to the health benefits derived from the consumption of fruits and vegetable have led to the manufacture of food products rich in flavonoids.
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Flavonoids are often applied in food processing to help prolong the shelf-life of food items due to their antioxidant property. Apart from its ability to increase the shelf life of food items, the antioxidant property also helps in the prevention of chronic illness like cancer, which is often caused by the oxidation of free radical prone compounds.
Growing demand for health-enhancing products is a strong driving force fueling the growth of the flavonoids market. Besides, the rise in the aging population, coupled with increasing demand for cancer-fighting products are anticipated to aid the industry’s growth.
Flavonoids Market Driven by Increasing Application in End User Sectors
Flavonoids often used in several industries, such as the food and beverage industry, and the pharmaceutical industry, the cosmetics industry, and many others.However, the food and beverage industry has the highest demand for flavonoids due to the diversity in application.
Flavonoids are used as a coloring and sweetening agents in the food and beverage industry. They are also used in the processing of foods manufactured primarily for diabetic patients.
In the pharmaceutical industry, flavonoids are used for various health-enhancing purposes, such as preventing cardiovascular diseases, curing stomach ulcers, and preventing cancer.
Their anti-inflammatory properties help in the prevention of allergies, which causes inflammation. Flavonoids are very effective in the prevention of infectious diseases. These properties are projected to drive the market forward over the forecast period.
Growing Awareness of the Health Benefits
Flavonoids have many health benefits associated with the consumption of items containing it. Consumers are health conscious and are always in demand for healthy food products. Growing awareness regarding the health benefits of flavonoids has facilitated the increase in need, and this has, in turn, foster the growth of the market globally.
Also, the rise in demand for anti-inflammatory products coupled with cholesterol-lowering and pain relief products are the driving factors expected to fuel the growth of the flavonoids market in the next six to seven years. The market growth is also supported by the increasing population size of unhealthy people globally.
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Flavonoids Market: Region-wise Analysis
North America and Europe are slated to fuel the growth of the global flavonoid markets due to the rise in health consciousness and increasing demand for dietary and nutritional supplements among people within the regions. Countries like the US, UK, Canada, Germany, and France are the drivers of the market within these regions.
The Asia Pacific has been projected to register a double-digit CAGR with China acting as a driver within the region. The growing aging population and growing awareness among consumers for a healthy lifestyle are factors supporting the growth of the flavonoid market. And this is expected to continue over the forecast period.
Flavonoids Market: Competitive Landscape
- EXTRA SYNTHE SE
- Kemin Industries
- Indofine Chemical Company Inc
- Foodchem International Corporation
- Meherrin Agricultural & Chemical Company
- Quercegen Pharmaceuticals
- Cayman Chemical Company,
- Aquapharm Bio-Discovery Limited
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Global Flavonoid Market Segment Analysis
The global flavonoids market can be segmented on the following basis:
By Type
- Flavones
- Anthocyanins
- Flavanols
- Flavan-3-ols
- Anthoxanthin
- Isoflavones
By Application
- Nutraceutical
- Cosmetics
- Pharmaceutical
- Animal Feed
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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