Global Flavonoids Market, By Product (Hesperidin, Daidzein, Catechin, Genistein and Others), Type (Flavanones, Flavones, Isoflavonens, Chalcones, Anthoxanthins, Anthocyanins, Flavanols, Flavan-3-ols and Others), Application (Food and Beverages, Pharmaceutical, Animal Feed, Nutraceuticals, Cosmetics and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the global flavonoids market will project a CAGR of 3.83% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, surging demand for cosmetics and nutraceutical products from the various geographical regions, rising consumer consciousness towards high quality nutritional food products, growing availability of functional food products and increasing personal disposable income by the major companies are the major factors attributable to the growth of flavonoids market.
Flavonoids are diverse groups of phytonutrients that are found in almost each and every fruit and vegetable. Flavonoids are the metabolites that are used as food additives/ingredients owing to their antioxidant properties. The structure of flavonoids consists of 15-carbon atoms and is easly soluble in water. Quercetin, kaempferol, catechins, and anthocyanidins are the most commonly known flavonoids. Flavonoids are known for a great number of beneficial properties and thus, are used for a wide range of applications.
Rising levels of demand for sweetening and colouring agents and surge in the awareness about the benefits of beauty and health supplements are the major factors fostering the growth of the flavonoids market. Changing lifestyle, growth and expansion of pharmaceuticals industry especially in the developing economies and rising consumer preference for food products having enhanced shelf life are other important factors acting as flavonoids market growth determinants. Rising expenditure to undertake research and development proficiencies, increasing availability of convenience food products, growing prevalence of cancer globally, growing health care awareness, increasing working and aging population and stringent regulations imposed on the application of pesticides will further induce growth in the flavonoids market value.
However, lack of awareness and expertise in the backward economies will pose a major challenge to the growth of the flavonoids market. High costs associated with the research and development proficiencies and with the establishment and maintenance of a sustainable business model will also hamper the flavonoids market growth rate. Side effects associated with the high consumption of flavonoids such as fever and anaemia will yet again derail the flavonoids market growth rate. High prices of flavonoids and presence of alternatives in the market will also act as flavonoids market growth restraints.
This flavonoids market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on flavonoids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Flavonoids Market Scope and Market Size
The flavonoids market is segmented on the basis of product, type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the global flavonoids market is segmented into hesperidin, daidzein, catechin, genistein and others.
- On the basis of type, the flavonoids market is segmented into flavanones, flavones, isoflavonens, chalcones, anthoxanthins, anthocyanins, flavanols, flavan-3-ols and others.
- On the basis of application, the flavonoids market is segmented into food and beverages, pharmaceutical, animal feed, nutraceuticals, cosmetics and others. Food and beverages segment is sub-segmented into functional food and functional beverages.
Flavonoids Market Country Level Analysis
The flavonoids market is analyses and market size, volume information is provided by country, product, type and application as referenced above.
The countries covered in the flavonoids market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the flavonoids market and will continue to during the forecast period owing to the increased rate of application by food and beverages industry. Asia-Pacific is set to undergo substantial gains and will score the highest CAGR for this period owing to the growth and expansion of food and beverages industry and growth in the demand for sweeteners and coloring agents.
The country section of the flavonoids market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flavonoids Market Share Analysis
The flavonoids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flavonoids market.
The major players covered in the flavonoids market report are Thermo Fisher Scientific Inc., Merck KGaA, Aktin Chemicals,Inc., FUJIFILM Wako Pure Chemical Corporation, Cambridge Isotope Laboratories, Inc., Shaanxi NHK Technology Co.,Ltd., TCI Chemicals (India) Pvt. Ltd., Spectrum Chemical Manufacturing Corp., ITW Reagents Division, Qingdao Hosun Biological Technology Co.,Ltd, INDOFINE Chemical Company, Inc., Enzo Life Sciences, Inc., BioVision Inc., Cayman Chemical, MedChemExpress., ChromaDex, Inc, Xi'an risun bio-tech, LGC Limited and PromoCell GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.