The Flavonoid Market size is forecast to reach $1.43 billion by 2025, growing at a CAGR of 4.17% during the forecast period 2020-2025. Flavonoids are found in vegetables, fruits, roots, flowers, stems, grains, wine, and tea. These are the natural indispensable substances used in pharmaceutical, cosmetics, medicinal, and nutraceutical applications. These antioxidants and biochemicals can cure the effects associated with diseases such as alzheimer’s, cancer, and atherosclerosis. Increasing levels of demands for healthy nutritional food products and usage of certain variants of flavonoids as a coloring agent in food & beverage application is the major factor driving the growth of the market. Enhanced shelf-life associated with the end-use products owing to the application of flavonoids is set to further enhance the overall market demand for the Flavonoid Market during the forecast period 2020-2025.
Flavonoid Market Segment Analysis – By Type
The Anthoxanthin held the largest share in the Flavonoid Market in 2019 and is estimated to grow at a CAGR of 4.6% during the forecast period 2020-2025. Anthoxanthins (flavones and flavonols) are a type of flavonoid pigments in plants. They are water-soluble pigments that range in color from white or colorless to creamy to yellow, often on petals of flowers. These pigments are generally whiter in an acid medium and yellowed in an alkaline medium. The anthoxanthins are glycosides when boiling with dilute acid yield one or two molecules of monosaccharides and a flavone or flavone derivatives. They contribute the cream or white color of cauliflower, onions, white potatoes, and turnips. Anthocyanins are water-soluble vacuolar pigments that, depending on their pH, can appear red, purple, blue, or black. Food plants rich in anthocyanins include blueberry, raspberry, black rice, and black soybean, among many others that are red, blue, purple, or black. The Anthoxanthin is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
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Flavonoid Market Segment Analysis – By Application
Nutraceutical held the largest share in the Flavonoid Market in 2019. Flavonoids are polyphenolic secondary metabolite phytochemicals which can be effectively used as nutraceutical agents. The most important groups of secondary metabolites in plants, flavonoids, are also the better sources of natural antioxidants in human diets. So, flavonoids can be used as a unique constituent in the control of different human diseases. It has a polyphenolic structure, that it becomes responsible for different pharmacological activities. The antioxidant effect of flavonoids is owing to their Hydroxyl groups, by scavenging free radicals, or by chelating metal ions. Polyphenols are beneficial compounds in many plant foods that can be grouped into flavonoids, phenolic acid, and other polyphenols. They improve digestion, brain function, and blood sugar levels, as well as protect against blood clots, heart disease, and certain cancers. The prevention of radical generation that damage the biomolecules leading to oxidative stress can be protected by flavonoids and it also gives security against many diseases such as cancer, cardiovascular and respiratory disorders, arthritis, and early aging. Nutraceutical is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
Flavonoid Market Segment Analysis – Geography
North America dominated the Flavonoid Market in 2019 with a share of more than 38.91%, followed by Europe owing to the growing health concerns among consumers switching to safer food alternatives. Increasing health issues such as diet-related chronic ailments including cardiovascular diseases, overweight, type 2 diabetes, and obesity is also increasing the growth of the Flavonoid Market during the forecast period 2020-2025.
However, Europe is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the growing awareness about the preventive functions of flavonoids in countries such as Germany and the UK, for instance, flavonoids reduce the risk of Parkinson’s. These factors are further increasing the consumption of berries, apples, orange juice, tea, and red wine which are rich in flavonoids.
Flavonoid Market Drivers
Trending use of flavonoids in medicinal foods
Trending use of flavonoids in medicinal foods is increasing the growth of the Flavonoid Market. Flavonoids help regulate cellular activity and fight off free radicals that cause oxidative stress on the body. It helps the body function more efficiently while protecting it against everyday toxins and stressors. Flavonoids are also powerful antioxidant agents. However, there is still difficulty in accurately measuring the daily intake of flavonoids owing to the complexity of the existence of flavonoids from various food sources, the diversity of dietary culture, and the occurrence of a large number of flavonoids itself in nature. They are used in medicines as catalysts that play an important role in the medical foods that are associated with reducing the risk of chronic diseases such as cardiovascular diseases, a neurodegenerative disorders, and cancer. Thus, it offers huge scope for drug development in the future. Thus, increasing the growth of the Flavonoid Market during the forecast period 2020-2025.
Increasing consumption of dietary supplements
Increasing consumption of dietary supplements foods is increasing the growth of the Flavonoid Market. The flavonoids are one of the major ingredients used in dietary supplements owing to their nutritional and health beneficial properties. Quercetin, a type of flavonoid is widely used as a dietary supplement owing to its antioxidant and anti-inflammatory effect. Furthermore, the flavonoid has been increasingly used in the pharmaceutical industry owing to its possessing disease protective properties. Some of the potential health benefits associated with flavonoids are reducing inflammation, destroying cancer cells, controlling blood sugar, and prevention of heart disease. Thus, increasing the growth of the Flavonoid Market during the forecast period 2020-2025.
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Flavonoid Market Challenges
High levels of initial costs associated with the establishment and maintenance of a sustainable business model
Some of the factors that are set to impede the growth of the Flavonoid Market are the high levels of initial costs associated with the establishment and maintenance of a sustainable business model and lack of expertise and awareness among various organizations for the consistent and cost-efficient development of these products.
Flavonoid Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Flavonoid Market. In 2019, the Flavonoid Market share is consolidated by the top ten players present in the market. Flavonoid Market, the top 10 companies are Cayman Chemical, Extrasynthese, INDOFINE Chemical Company, Foodchem International Corporation, Alchem International Pvt. Ltd., Merck KgaA, FUJIFILM Wako Pure Chemical Corporation, Archer Daniels Midland Company, Lianyuan Kangbiotech Co, Hunan Sunfull Biotech Co., Ltd. among others.
In January 2016, Cayman Chemical acquired Biomol GmbH to expand the distribution capabilities of Cayman Chemical while enhancing the presence of the company in Germany and the Europe region. They will also be able to offer better support capabilities to their customers across the region.
North America dominated the Flavonoid Market in 2019 owing to the rising consumption of nutraceutical products and increasing focus towards nutritious food coupled with rising concerns regarding a variety of diseases. The Flavonoid Market scope for different regions will be provided in the final report.
Growing R&D investments in personal care products and trending use of flavonoids in medicinal foods are likely to aid in the market growth of the Flavonoid Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Flavonoid Market report.
High levels of initial costs associated with the establishment and maintenance of a sustainable business model is poised to create hurdles for the Flavonoid Market.
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