PUBLISHER: Grand View Research | PRODUCT CODE: 1575252
PUBLISHER: Grand View Research | PRODUCT CODE: 1575252
The global flavonoids market size is expected to reach USD 2.06 Billion in 2030 and is projected to grow at a CAGR of 11.1% from 2024 to 2030. Changing consumer lifestyles and rising demand for beauty & health supplements are expected to propel flavonoids consumption over the forecast period.
Developed countries such as Denmark, France, Australia, Belgium, Norway, and the U.S. are characterized by high cancer prevalence. Application of flavonoid as an anti-cancer drug is expected to be the major factor driving growth in these countries, over the forecast period.
Rising demand for convenience food products has increased utilization of flavonoids in functional food. Moreover, smoothing and antioxidant properties allow it to be used in the cosmetics industry for skin care applications. These are also being used to develop drugs for the treatment of various other diseases including diabetes and cardiovascular problems, prevailing worldwide, further increasing demand.