PUBLISHER: Allied Market Research | PRODUCT CODE: 1396976
PUBLISHER: Allied Market Research | PRODUCT CODE: 1396976
The global flavonoid market was valued at $1,672.2 million in 2022, and is projected to reach $2,926.7 million by 2032, registering a CAGR of 5.8% from 2023 to 2032.
The flavonoid market encompasses the commercial activities related to the cultivation, extraction, processing, and distribution of flavonoid compounds found in plants. They are majorly responsible for the pigments or colors in vegetables, fruits and flowers. The flavonoid market is analyzed based on its prospects and future growth rate. The report highlights numerous factors that influence the growth of the market.
Flavonoid is largely used in the nutraceuticals industry. This is attributed to the high consumption and demand for nutraceutical supplements containing flavonoid such as isoflavones and anthocyanidins. Flavonoid as a dietary supplement is available in various formats that include capsules, liquid, and chewable tablets. Flavonoid helps to prevent or treat certain heart conditions, diabetes, viral infection and other medical conditions. Thus, the aforementioned factors have driven the adoption of flavonoids such as anthocyanidins and isoflavones in the nutraceutical industry in terms of value sales. This in turn is propelling the growth of the overall flavonoid market globally.
Flavonoid in the pharmaceutical industry is used for it has polyphenolic structure, used for different pharmacological activities. The flavonoid acts as an antioxidant due to the presence of Hydroxyl groups. The flavonoid helps in preventing radicals that lead to oxidative stress and it also helps in treating various diseases including cardiovascular disease, cancer, arthritis, respiratory disorders, and early ageing. Thus, this in turn has propelled the demand for flavonoids such as flavones, isoflavones, anthocyanidins and others from the pharmaceuticals industry. This, in turn, has bolstered the growth of the overall flavonoid market in terms of value sales.
The usage of flavonoid as an ingredient in the cosmetic industry is significantly rising at a steady pace. This is attributed to various skin benefits associated with the use of flavonoids in various cosmetic products. Flavonoids are an important ingredient in cosmetics as they offer antioxidant protection and also protect skin from UV radiation. Moreover, flavonoids also have anti-viral, anti-carcinogenic, antiallergic, and anti-inflammatory properties. Thus, flavonoid protects skin from environmental stressors, energizes skin, helps skin to retain moisture, fights dullness and tightens up skin, reduces the appearance of wrinkles, and others. Thus, these benefits offered by flavonoid as an ingredient in cosmetics have increased its adoption among the manufacturers of the cosmetics industry, which, in turn, has propelled the growth of the overall flavonoid market in terms of value sales.
Pharmaceutical applications are boosting flavonoid market demand by driving research into their therapeutic potential for various health conditions. As studies explore flavonoids' efficacy in areas such as cardiovascular health and cancer prevention, pharmaceutical companies are increasingly interested in developing flavonoid-based drugs, expanding the market by leveraging their medicinal properties. Moreover, clean-label product trends, emphasizing natural ingredients and transparency, boost flavonoid market demand. Consumers prefer flavonoids over synthetic additives, seeking healthier choices. Manufacturers respond by incorporating flavonoid-rich, natural ingredients, aligning with clean label preferences, and fostering greater consumer trust in product quality, ultimately propelling flavonoid market growth.
The COVID-19 pandemic has underscored the significance of health and immune system support, resulting in a heightened consumer interest in products offering potential health benefits, including those containing flavonoids. This renewed focus on wellness has driven demand for flavonoid-rich foods and supplements. Consumers seek functional foods and beverages offering health benefits beyond basic nutrition. Manufacturers have responded by incorporating flavonoid-rich ingredients into products, such as antioxidant-infused beverages and fortified snacks, thus driving the market growth.
The global flavonoid market is segmented on the basis of product type, form, application, and region. By product type, it is classified into isoflavones, anthocyanin, and others. By form, the market is bifurcated into powder and liquid. By application, it is divided into pharmaceuticals, nutraceuticals, food & beverages, and cosmetics. Region-wise, the market is analyzed across North America (the U.S., Canada and Mexico), Europe (France, Germany, Italy, Spain, U.K., Netherland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).
Companies can operate their business in a highly competitive market by launching new products or updated versions of existing products. Agreement with key stakeholders is expected to be a key strategy to sustain the market. In recent years, many leading players opted for partnership as its key strategy to strengthen their foothold in the market. To understand the key flavonoid market trends, the strategies of leading players are analyzed in the report. Some of the key players in the flavonoid market analysis include BASF SE, Ingredients By Nature, Foodchem International Corporation, Conagen, Inc., Bordas S.A., Cayman Chemical Company, Biosynth AG, Santa Cruz Biotechnology, Inc., Archer-Daniels-Midland Company, and Givaudan SA
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