flavonoids market set to reach US$ 2.2 billion by 2032 at a 5.6% CAGR, largely used in supplements and foods for their antioxidant, anti-inflammatory, and immune-boosting properties, primarily sourced from various fruits, vegetables, and polyphenol-rich foods.
The market for flavonoids is expected to grow at a compound annual growth rate (CAGR) of 5.6%, with sales expected to reach US$ 2.2 billion by 2032. In the pharmacy and nutraceutical sectors, it is commonly added to supplements, pills, and capsules. It is anticipated that sales of flavonoids will account for over 80%.3% of the polyphenols market.
Carrots, broccoli, berries, citrus fruits, pepper, tomatoes, and many other foods are excellent sources of flavonoids. Vegetables also contain flavonoids. Together with its anti-inflammatory and immune-stimulating qualities, flavonoids also have antioxidant qualities.
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The flavonoids market is set to witness robust growth, projecting a compound annual growth rate (CAGR) of 5.6%, culminating in a valuation of $2.2 billion by 2032. Recognized for their antioxidant, anti-inflammatory, and immune-boosting properties, flavonoids play a crucial role in supplements and foods. Derived from diverse sources such as fruits, vegetables, and polyphenol-rich foods, these compounds are gaining traction for their health benefits.
Key Takeaways:
- Market Projection: The flavonoids market is expected to achieve a CAGR of 5.6%, reaching $2.2 billion by 2032, with a predominant share in the polyphenols market.
- Sources and Applications: Found in fruits, vegetables, and polyphenol-rich foods, flavonoids are extensively used in supplements and pills, contributing to over 80.3% of the polyphenols market.
- Diverse Sources: Carrots, broccoli, berries, citrus fruits, pepper, and tomatoes are just a few examples of excellent sources of flavonoids. These compounds are celebrated for their anti-inflammatory, immune-boosting, and antioxidant properties.
- Market Drivers: The market’s growth is propelled by an increasing demand for health-enhancing products, coupled with a rise in the aging population and a growing preference for cancer-fighting solutions.
- Applications Across Industries: The food and beverage industry stands out as the leading consumer of flavonoids, utilizing them as coloring and sweetening agents. The pharmaceutical industry also leverages flavonoids for various health-enhancing purposes.
- Regional Dynamics: North America and Europe are expected to drive global growth, with the Asia Pacific registering a double-digit CAGR. The US, UK, Canada, Germany, France, and China are pivotal players in these regions.
- Competitive Landscape: Key players shaping the flavonoids market include EXTRA SYNTHE SE, Kemin Industries, Indofine Chemical Company Inc, and others. The market landscape remains dynamic, with technology playing a pivotal role in the introduction of innovative products.
Key Points:
- Functional Role: Flavonoids contribute to food processing, extending the shelf life of products due to their antioxidant properties, and help prevent chronic illnesses caused by free radical oxidation.
- Growing Consumer Awareness: Increased awareness of the health benefits of flavonoids, coupled with a focus on healthy lifestyles, is driving consumer demand for these compounds.
- Rising Demand for Anti-Inflammatory Products: Flavonoids’ anti-inflammatory properties position them as essential ingredients in products aimed at reducing inflammation, preventing allergies, and promoting overall health.
- Global Presence: North America and Europe lead the global flavonoids market, while the Asia Pacific, with China at the forefront, is expected to witness substantial growth.
- Diverse Applications: Flavonoids find applications in nutraceuticals, cosmetics, pharmaceuticals, and animal feed, showcasing their versatility across industries.
Food products rich in dietary flavonoids are now being produced as a result of the increased interest in these compounds brought on by the health advantages associated with eating fruits and vegetables.
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 illnesses 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 flavonoid market. Besides, the rise in the aging population, coupled with increasing demand for cancer-fighting products is anticipated to aid the industry’s growth.
Flavonoids Market Driven by Increasing Application in End User Sectors
Flavonoids are often used in several industries, such as the food and beverage industry, the pharmaceutical industry, the cosmetics industry, and many others. However, the food and beverage industry has the highest demand for flavonoids due to their diversity in application.
Flavonoids are used as 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 cause 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 them. 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, fostered 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 flavonoid 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)
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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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