Global Flavonoid Glycosides Market - 2024-2031

Overview

Global Flavonoid Glycosides Market reached US$ 387.1 million in 2023 and is expected to reach US$ 640.6 million by 2031, growing with a CAGR of 6.5% during the forecast period 2024-2031.

Growing preference among consumers for products made with natural ingredients, driven by concerns about synthetic additives and artificial substances. Flavonoid glycosides, derived from plants and fruits, align with this trend toward natural and clean-label products. As a result, there is increasing demand for flavonoid glycoside-containing products, which is driving market growth.

Ongoing research and development efforts are focused on exploring the health benefits and therapeutic potential of flavonoid glycosides. Studies have demonstrated the antioxidant, anti-inflammatory, and antimicrobial properties of these compounds, leading to their increased use in pharmaceuticals, nutraceuticals, and functional foods expanding the applications of flavonoid glycosides in various industries.

For instance, on September 5, 2023, Evonik introduced new enhancements to its monogastric portfolio at SPACE 2023. It is introducing PhytriCare IM: Evonik's newest addition to the portfolio, this premix marks the debut of photogenic products. It is infused with flavonoids, it offers potential benefits in inflammation management for sows, laying hens, and dairy cows.

Flavonoid glycosides are commonly used as active ingredients in dietary supplements due to their antioxidant properties. As consumers increasingly turn to supplements to meet their nutritional needs, the demand for flavonoid glycoside-containing supplements is on the rise, contributing to market growth. Manufacturers are responding by introducing new products made with natural ingredients, including flavonoid glycosides, to cater to consumer preferences. This focus on natural and clean-label products is boosting market growth in North America.

Dynamics

Rising Demand for Functional Foods and Nutraceuticals

As consumer awareness about the health benefits of functional foods and nutraceuticals grows, there is a corresponding increase in demand for products enriched with bioactive compounds such as flavonoid glycosides. Food and beverage manufacturers are likely to introduce more products containing these compounds to cater to this demand, thereby expanding the market.

The demand for functional foods and nutraceuticals encourages innovation and product development within the food industry. Manufacturers are continually exploring new formulations and delivery systems to enhance the bioavailability and efficacy of bioactive compounds like flavonoid glycosides. This innovation fuels market growth by offering consumers a wider range of products to choose from.

For instance, on September 14, 2023, Uncle Matt's Organic introduced its new addition to the better-for-you beverage lineup: Superfruit Punch. It is crafted with a combination of dark sweet cherries, black elderberry, and blueberries, this functional juice is rich in antioxidants, polyphenols, and flavonoids. It is designed for health-conscious consumers, Uncle Matt's punch boasts just 45 calories per 8-oz serving, with no added sugars or flavors, and absolutely no preservatives.

Expanding Applications in the Pharmaceutical Industry

Flavonoid glycosides are traditionally used in herbal medicine systems across various cultures for their therapeutic properties. With the growing preference for natural remedies and herbal supplements, there is an increased demand for pharmaceutical products containing flavonoid glycosides. This increased demand directly contributes to the growth of the flavonoid glycosides market.

Pharmaceutical companies are investing heavily in research and development to explore the medicinal properties of flavonoid glycosides and their potential applications in the treatment and prevention of various diseases. For instance, on February 29, 2024, Ingredients by Nature announced the publication of its experimental research in the BioFactors Journal, focusing on Eriomin, a multi-patented citrus flavonoid blend. The study delves into the potential of Eriomin to promote liver function and address age-related liver concerns.

Limited Availability of Raw Materials

Flavonoid glycosides are primarily derived from natural sources such as fruits, vegetables, and herbs. Factors such as climate change, natural disasters, and seasonal variations can disrupt the supply chain of these raw materials. Interruption in the availability of raw materials can lead to fluctuations in production output, affecting market growth. Market players face challenges in sourcing raw materials from multiple regions, leading to supply shortages and hindering market growth.

The plants containing flavonoid glycosides have specific harvesting seasons, during which the raw materials are abundant and of optimal quality. The availability of raw materials declines, leading to challenges in maintaining consistent production levels. Market players need to stockpile raw materials and invest in storage facilities to mitigate the impact of seasonal variations, adding to production costs and potentially affecting market growth.

Segment Analysis

The global flavonoid glycosides market is segmented based on type, source, application, and region.

Increasing Demand for Antioxidant-Rich Products

Antioxidant holds the largest share of the global market. There is a growing awareness among consumers about the health benefits of antioxidants, including their role in neutralizing free radicals and reducing oxidative stress. As a result, there is a rising demand for antioxidant-rich products, such as dietary supplements, functional foods, and beverages, which contain flavonoid glycosides. This increased demand boosts market growth within the antioxidant segment.

Ongoing development focused on exploring the therapeutic potential of antioxidants in preventing and treating various diseases. Clinical studies investigating the efficacy of flavonoid glycosides and other antioxidants have generated promising results, further supporting their use in healthcare products. The positive outcomes of such research contribute to market growth within the antioxidant segment.

Geographical Penetration

Increasing Consumer Awareness and Innovations in North America

North America dominates the global flavonoid glycosides market. North America has a well-developed health and wellness industry, and consumers in the region are increasingly aware of the health benefits associated with flavonoid glycosides. There is a growing interest in natural and plant-based ingredients, including flavonoid glycosides, due to their antioxidant properties and potential health-promoting effects boosts demand for flavonoid glycoside-containing products in the region, contributing to market dominance.

North America has several major players in the food, beverage, dietary supplement, and pharmaceutical industries, which are actively involved in the production and distribution of flavonoid glycosides. These companies have extensive research and development capabilities, robust distribution networks, and strong brand recognition, enabling them to dominate the flavonoid glycosides market in the region.

COVID-19 Impact Analysis

The pandemic led to disruptions in global supply chains due to lockdown measures, travel restrictions, and workforce shortages. This disruption affected the sourcing of raw materials for flavonoid glycoside extraction, as well as the transportation of finished products. Consequently, market players faced challenges in maintaining production levels, leading to potential delays in product availability and fulfillment of orders, which could have hindered market growth.

The pandemic prompted significant shifts in consumer behavior, including changes in dietary preferences and purchasing patterns. With a heightened focus on health and wellness, consumers increasingly sought out products with immune-boosting and antioxidant properties, including those containing flavonoid glycosides. This shift in consumer demand could have bolstered market growth, as manufacturers responded by introducing new products or marketing existing ones emphasizing their flavonoid glycoside content.

Russia-Ukraine War Impact Analysis

During the conflict, disruptions occurred in the agricultural supply chains of both Russia and Ukraine, two significant exporters of raw materials used in flavonoid glycoside extraction. This disruption led to shortages and price volatility for raw materials, hindering production capabilities. Consequently, market growth was constrained due to reduced availability and increased production costs.

The conflict created geopolitical tensions and uncertainties, affecting trade relationships and international cooperation in the flavonoid glycosides market. Trade disruptions, tariffs, and export restrictions imposed by involved parties disrupted the flow of raw materials and finished products. This limited market access and increased trade barriers, negatively impacting market growth.

By Type

• Quercetin-3-O-rutinoside (Q-rut)
• Quercetin-3-O-galactoside (Q-gal)
• Quercetin-3-O-glucoside (Q-glc)
• Quercetin-3-O-glucuronide (Q-glr)
• Kaempferol-3-O-glucoside (K-glc)
• Others

By Source

• Citrus Fruit
• Buckwheat
• Onions
• Others

By Application

• Anticancer
• Antioxidant
• Anti-inflammatory
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On January 15, 2024, The Department of Food Chemistry and Biocatalysis at UPWr announced funding for its pioneering project through the 14th edition of the National Centre for Research and Development's "Leader" program. The innovative project, titled "Flavonoid Glycosides with a Chlorine Atom: Multifunctional, Natural Preserving Agents in Cosmetic Products," has been granted nearly 1.8 million PLN from the NCBR.
• On December 12, 2023, Florida A&M University (FAMU) announced a groundbreaking discovery: flavonoids, natural compounds commonly found in fruits and vegetables, may present a promising new treatment avenue. It is the remarkable aspect of these compounds is their non-toxic nature and their potential to combat chemotherapy resistance in breast cancer patients.
• On October 18, 2023, Taiyo's revolutionary enzymatic technology, the SunActive flavonoid delivery system, announced a significant leap forward for the dietary supplement industry. This patented, solvent-free innovation is enhancing the industry's capacity to introduce more potent and effective ingredients to the market, marking a significant advancement in product efficacy and quality.

Competitive Landscape

The major global players in the flavonoid glycosides market include Merck KGaA, Lifecare Neuro Products Limited, Indena S.p.A., Cayman Chemical Company, Extrasynthese, INDOFINE Chemical Company, Inc., SMPNutra, Taylor & Francis Group, LLC., Ayur-vana, and Ingredion Incorporated.

Why Purchase the Report?

• To visualize the global flavonoid glycosides market segmentation based on type, source, application, and region, as well as understand critical commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous flavonoid glycosides market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of critical products of all the major players.

The global flavonoid glycosides market report would provide approximately 62 tables, 57 figures, and 213 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies