Zion Market Research has published a new report titled “Flavonoids Market by Type (Anthocyanins, Flavones, Anthoxanthins, Flavanones, Isoflavonens and Chalcones), by Application (Pharmaceutical, Food and Beverages, Nutraceuticals and Animal Feed): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2019 – 2026.” According to the report, the Flavonoids Market accounted for USD 973.3 Million in 2019 and is expected to reach USD 1,259.4 Million by 2026, growing at a CAGR of around 3.75% between 2020 and 2026.
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Increasing awareness regarding health consciousness amongst the teen generation to boost the flavonoids market
As per analysts at Zion Market Research, there has been the huge requirement for junk food owing to altering lifestyle, which in turn has resulted in the possible development of disorders such as high cholesterol and obesity. Hence, increasing awareness regarding health consciousness amongst the teen generation is boosting the flavonoids market. Easy availability of functional foods and increasing discretional revenue is likely to positively affect the development of flavonoids market in the years to come. In addition to this, diverse applications of flavonoids in nutraceuticals sector and food & beverage sector assist in powering the demand of flavonoids market. Surplus usage of flavonoids can switch the flavonoids to mutagens, which may hinder the development of flavonoids market.
Nevertheless, untapped areas of flavonoids market in the emerging nations are expected to offer plenty opportunities in years to come. Various R&D activities on flavonoids are also likely to boost the flavonoids market. For instance, in June 2018, it was established that a type of flavonoid discovered in dark-pigmented fruits such as red blueberries and grapes might slow the lung function decline that takes place with aging. This was as per new study showed at the ATS 2018 International Conference.
Hectic Lifestyle of the people in NORTH AMERICA to impact the flavonoids market positively in the years to come
The flavonoids market was ruled in 2019 by North America and was believed to be the highest income creating area. This was majorly owing to the hectic lifestyle of the people in this area, which resulted in various disorders, boosting the flavonoids market. In addition, high usage of antioxidants supplements also propelled the flavonoids market. The number of people suffering from depression and obese people in this area is increasing, which is helping the development of flavonoids market in North America. Europe was the second biggest area for flavonoids market in 2019 owing to increasing aging population in this area.
Some of the global major players in the flavonoids market are Kemin Industries, Foodchem International Corporation, EXTRA SYNTHE SE, Meherrin Agricultural & Chemical Company, Cayman Chemical Company, Quercegen Pharmaceuticals, International Flavors and Fragrances, Aquapharm Bio-Discovery Limited and Indofine Chemical Company Inc among others.
The global flavonoids market is segmented as follows:
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