According to the findings of the Facts and Factors report “Flavonoids Market By Type (Anthocyanins, Flavones, Anthoxanthins, Isoflavonens, and Chalcones) and By Application (Pharmaceutical, Food and Beverages, Nutraceuticals, and Animal Feed): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, By 2026, the market is projected to grow at a CAGR of 3.75% and reach about USD 1259 million.
One of the phytonutrients found in plants and fruits that is frequently consumed is flavonoids. The rising popularity of junk food as a result of the changing lifestyle has also contributed to the potential spread of diseases like obesity and high cholesterol. The demand for flavonoids is therefore driven by the younger generation’s growing health consciousness. The rising demand for flavonoids is anticipated to have a positive impact on rising disposable income and the accessibility of functional foods in the near future. The demand for flavonoids is anticipated to increase due to the variety of uses for flavonoids in the nutraceuticals and food and beverage industries. Overconsumption of flavonoids may turn them into mutagens, which could restrain the market’s expansion for flavonoids. But in developing nations, the untapped flavonoid market is likely to offer plenty of opportunities for the flavonoid industry in the years to come.
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The most prevalent types of flavonoids include chalcones, anthocyanins, flavones, anthoxanthins, and isoflavones. Anthocyanins are thought to be the main source of income due to the enormous demand for them from the food industry. Anthocyanins serve as organic coloring agents for the beverage and food industries. Flavones are predicted to experience an acceleration in the coming years. As antioxidants, anti-inflammatory agents, colouring agents, and preservatives, flavonoids have a variety of uses in the food industry. Pharmaceutical, food and beverage, nutraceutical, and animal feed are just a few industries that use flavonoids. With a sizable market share in the industry of the flavonoids, nutraceuticals are one of the top segments overall. Flavonoids are primarily used as dietary supplements and functional foods to help people lose weight and lower their cholesterol; as a result, there is a growing market for nutraceutical flavonoids.
According to 2019 data, North America dominated the flavonoids market and generated the most income. This was primarily caused by the busy lifestyle of the local population, which led to a number of disorders and a high consumption of antioxidant supplements. The prevalence of obesity and depression among local patients is rising, which supports the expansion of the flavonoids market in North America. Due to the complexity of health due to high blood cholesterol levels and an ageing population, Europe was the second-largest flavonoid market in 2019.
Due to the increased potential for spending on functional foods by the expanding population, emerging economies like India, China, and Japan are predicted to soon become the most influential markets. In addition to rising health concerns, these nations’ economies are expanding. This has a significant impact on how the market for flavonoids is developing. Latin America has experienced profitable growth over the years as a result of shifting lifestyles and rising consumer preference for healthy foods. The Middle East and Africa are expected to drive market growth in the forecast period due to their abundance of raw flavonoid sources and variety of antioxidants.
Foodchem International Corporation, Meherrin Agricultural & Chemical Company, Quercegen Pharmaceuticals, Aquapharm Bio-Discovery Limited, Indofine Chemical Company Inc., Kemin Industries, EXTRA SYNTHE SE, Cayman Chemical Company, International Flavors and Fragrances, and Others are a few of the major players in the flavonoids market.
This report segments the global flavonoids market as follows:
Global Flavonoids Market: By Type Segmentation Analysis
- Anthocyanins
- Flavones
- Anthoxanthins
- Isoflavonens
- Chalcones
Global Flavonoids Market: By Application Segmentation Analysis
- Pharmaceutical
- Food and beverages
- Nutraceuticals
- Animal feed
Global Flavonoids Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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