Flavonoid Market - Forecast(2023 - 2028)

Flavonoid Market Overview

The Flavonoid Market size is forecast to reach $1.4 billion by 2026, growing at a CAGR of 4.0% during the forecast period 2021-2026. Flavonoids are found in fruits, vegetables, roots, and flowers among others. It is used in pharmaceutical, cosmetics, medicinal, and nutraceutical applications. These antioxidants and biochemical cure the effects that are associated with diseases such as Alzheimer’s, cancer, and atherosclerosis among others. There are different types of flavonoids such as polyphenols, isoflavonoids, benzopyrane, anthoxanthins, and phloroglucinol among others. Increasing demands for nutritional food products and usage of certain variants of flavonoids as a coloring agent in food & beverage application is the major factor driving the growth of the market. Increasing application of flavonoids from food & beverage industry and increasing usage of flavonoid in convenience food is set to further enhance the overall market demand for the Flavonoid Market during the forecast period 2021-2026.

Flavonoid Market Report Coverage

The report: “Flavonoid Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Flavonoid Market. 

By Type: Anthocyanin, Flavones, Flavan-3-ols, Flavonol, Anthoxanthin, Isoflavones, and Polyphenols
By Form: Powder, and Liquid
By Applications: Nutraceutical, Pharmaceutical, Cosmetics, Animal Feed, and Dietary Supplements
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

• North America dominated the Flavonoid Market in 2020 owing to the increasing demand of nutraceutical products and increasing focus towards nutritious food. The Flavonoid Market scope for different regions will be provided in the final report. 
• Increasing R&D investments in personal care products and increasing usage of flavonoids in medicinal foods are likely to aid in the market growth of the Flavonoid Market. 
• Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Flavonoid Market report. 
• High levels of initial costs associated with the establishment and maintenance of a sustainable business model along with increasing competition is poised to create hurdles for the Flavonoid Market.

Flavonoid Market Revenue Share, By Geography, 2020(%)

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Flavonoid Market Segment Analysis - By Type 

The Anthoxanthin held the largest share in the Flavonoid Market in 2020 and is estimated to grow at a CAGR of 4.6% during the forecast period 2021-2026. The anthoxanthins are glycosides when boiling with dilute acid yield one or two molecules of monosaccharaides and a flavone or flavone derivatives.  It contributes the cream of cauliflower, onions, white potatoes, and turnips. Anthocyanins depends on their ph. Food plants rich in anthocyanin include blueberry, raspberry, black rice, and black soybean among others The Anthoxanthin is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2021-2026.

Flavonoid Market Segment Analysis - By Application

Nutraceutical held the largest share in the Flavonoid Market in 2020 and is estimated to grow at a CAGR of 4.9% during the forecast period 2021-2026. Flavonoids are polyphenolic secondary metabolite phytochemicals that are used as nutraceutical agents. It can be used as a unique constituent for controlling various diseases. Polyphenols are beneficial compounds in plant foods that can be grouped into flavonoids, phenolic acid, and other polyphenols. It improves digestion, brain function, and blood sugar levels, as well as protect against blood clots, heart disease, and certain cancers. Nutraceutical is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2021-2026.

Flavonoid Market Segment Analysis - By Geography 

North America dominated the Flavonoid Market in 2020 with a share of more than 32.6%, followed by Asia Pacific owing to the increasing health concerns among consumers. Increasing health issues such as diet-related chronic ailments including cardiovascular diseases, overweight, type 2 diabetes, and obesity among others is also increasing the growth of the Flavonoid Market in this region. However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing awareness regarding the preventive functions of flavonoids in countries such as China and Japan.

Flavonoid Market Drivers  

High Demand of Flavonoids in Medicinal Foods

High demand of flavonoids in medicinal foods is increasing the growth of the Flavonoid Market. This is owing to the fact that it has the ability to fight with free radicals that leads to oxidative stress on the body and is also an antioxidant agents. It is also used in medicines as catalysts that are associated with the risk of chronic diseases such as cardiovascular diseases, a neurodegenerative disorders, and cancer among others. Thus, increasing the growth of the Flavonoid Market during the forecast period 2021-2026.

Increasing Consumption of Dietary Supplements

Increasing consumption of dietary supplements foods is increasing the growth of the Flavonoid Market. This is attributed to their nutritional and health beneficial properties. Quercetin, a type of flavonoid is extensively used as a dietary supplement owing to its antioxidant and anti-inflammatory effect. Some of the potential health benefits associated with flavonoids includes reducing inflammation, destroying cancer cells, controlling blood sugar, and prevention of heart disease among others. Thus, increasing the growth of the Flavonoid Market during the forecast period 2021-2026.

Flavonoid Market Challenges

High initial costs associated with the establishment and maintenance of a sustainable business model

Some of the factors that are set to impede the growth of the Flavonoid Market are the high initial costs associated with the establishment and maintenance of a sustainable business model and lack of expertise and awareness among various organizations for the consistent and cost-efficient development of these products.

Flavonoid Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Flavonoid Market. In 2020, the Flavonoid Market share is consolidated by the top ten players present in the market. Flavonoid Market, the top 10 companies are Cayman Chemical, Extrasynthese, INDOFINE Chemical Company, Foodchem International Corporation, Alchem International Pvt. Ltd., Merck KgaA, FUJIFILM Wako Pure Chemical Corporation, Archer Daniels Midland Company, Lianyuan Kangbiotech Co, and Hunan Sunfull Biotech Co., Ltd. among others.

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