Thu. Nov 25th, 2021

Increasing demand for flavonoids from end user industries is expected to drive the growth of global flavonoid market

According to TechSci Research report, Global Flavonoid Market By Type, By Application, By Form, By Region, Competition, Forecast & Opportunities, 2025, global flavonoid market is expected to witness a steady CAGR during the forecast period. Changing consumer lifestyles is one of the major factors accounting for the growth of global flavonoid market. Moreover, rising demand for beauty & health supplements is expected to bode well for the growth of global flavonoid market through the forecast period. In addition to this surging need of convenience food products has resulted in extensive use of flavonoids in functional food, which is positively influencing the growth of global flavonoid market. Also, rising requirement for natural and organic beauty products is making headway for the growth of global flavonoid market. Along with this, development and launch of numerous products in the cosmetics industry, is expected to positively contribute to the market growth in the next 5 years. Additionally, flavonoid is useful in inhibiting cancer cell growth, having anti-microbial action and cure stomach ulcers, therefore preventing infections. Diets including foods that are rich in flavonoid is well known for its use in prevention of health issues, like neurodegenerative and cardiovascular diseases, due to which the global flavonoids market is expected to rev up during the forecast period. Also, the consumers are focusing more towards consuming nutritious food owing to rising concerns pertaining to the variety of diseases including obesity, diabetes, blood pressure, and cancer, which is expected to propel the growth of the market in the next 5 years.

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Global flavonoid market can be segmented based on type, application, form, company and region. Considering the application, the market is fragmented into functional beverages, functional food, dietary supplements and others. The functional beverages segment dominated the global flavonoid market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well which can be accredited to the fact it improves the metabolic processes in the myocardium, thereby inhibiting thrombus formation. In addition to this, consumption of flavonoid-containing drinks provides certain benefits such as it is helpful in stimulating the immune system, reduce the teratogenic mutagenic carcinogenic effect, and controlling the adversity of anthropogenesis, thereby augmenting the product demand across the globe.

Cayman Chemical Company, Quercegen Pharmaceutical, Foodchem International Corporation, INDOFINE Chemical Company, Inc., Extrasynthese, Toroma organics Ltd, Pharmachem Laboratories Inc., Organic Herb Inc., Phytocompounds, Indena S.p.A, Merck KGaA, Flavon International Ltd, Alchem International Pvt. Ltd, Triveni Interchem Private Limited, Sigma-Aldrich are among others are the leading players operating in global flavonoid market. The players are adopting several growth strategies to enhance the market scenario of flavonoid. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.

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“North America is forecast to dominate the global flavonoid market during next five years on account of high prevalence of various preventable, diet-related chronic ailments including cardiovascular diseases, overweight, type 2 diabetes and obesity in the region. Furthermore, increasing health consciousness among the consumers is also contributing to the growing trend. Additionally, growing consumption of nutraceutical products is further boosting the market growth. Along with this, high youth population coupled with surging popularity of sports in the region is further expected to have a positive impact on this industry over the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Flavonoid Market By Type, By Application, By Form, By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of global flavonoid market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global flavonoid market.

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