ID: MRFR/F-B & N/1614-HCR | 90 Pages | Published By Pradeep Nandi on March 2023
Flavonoid Market is expected to grow at a 6.3% CAGR and reach USD 2.7196 billion by 2030.
$ 2.7196 Billion
Flavonoid Market is expected to grow at a 6.3% CAGR and reach USD 2.7196 billion by 2030. Flavonoid market growth is expected to be immense for the forecast period. Plant extracts are usually known as flavonoids. It is extracted from many fruits and vegetables. The flavonoids are water-soluble. Also, they have carotenoids which are the reasons why flowers and fruits have vivid colors. The flavonoids are like phytonutrients. These flavonoids contain a high range of antioxidants and anti-inflammatory substances. Also, there are various immune systems benefits with the use of flavonoids.
Flavonoids are used in many food items. The food items that contain this substance have health benefits. Also, they can reduce health issues and help to lead a healthy lifestyle. Due to the wide range of benefits, flavonoids are having high importance in the food industry. These flavonoids rich foods are helpful to reduce neuro problems and cardiovascular problems. Due to these factors, flavonoids have high importance in the global market. Several natural foods contain flavonoids.
Strawberries, kale, onions, circuit fruits, and parsley are a factor that has high demand in the flavonoid market. Various segments in the market are having immense demand. There are flavones and is flavones are crucial segments of the market. Further, the health benefits of this product such as blood sugar regulation, skin protection, and enhancing brain function in the market. All these are factors that create high flavonoid market value.
The outbreak of covid 19 is causing plenty of challenges in the flavonoid market. The supply chain disruptions are crucial factors that affect market operations. There are low production and less demand for various markets in the forecast period. Flavonoids are substances that are gaining high traction in various industries. However, the operations of this market are facing a downfall in this period.
There is less demand for the use of flavonoids in many products. However, since 2021, the production of the market is growing. Due to the pandemic, health awareness among consumers is rising. It is causing exceptional demand and supply of flavonoids. Many functional foods are incorporating these flavonoids to increase nutritional value. Also, the use of this element in pharmaceutics products is growing. These are factors that will have an exceptional impact on the flavonoid market outlook.
Growing health issues will create crucial drivers in the market. Today, health issues in individuals are rising due to many factors. The poor lifestyle of Individuals is a crucial reason for the health issues. The use of flavonoids is expected to promote good health. Due to this benefit, the demand for the market is growing rapidly. Further, the growing demand for convenience food is a crucial driver of the market.
In recent years, the functional food market is growing immensely. Functional foods are having high nutritional value. Including flavonoids can enhance the value of functional foods. During the covid 19 periods, these convenience foods are useful. Due to the high requirement for functional foods, the use of flavonoids is rising. Further, investments from the developing market are another factor for high growth.
The developing markets are known for their investments in this market. These flavonoids have high requirements in various industries of developing nations. These factors increase overall supply rates in the forecast period. Increasing consumption of berries is another crucial driver. Berries are a favorite fruit for many. These berries are having high demand among consumers. Due to the demand for berries flavonoid market trends are surging.
The growing use of flavonoids in the pharmaceutical market is creating high growth opportunities. The use of flavonoids proves too beneficial for the pharmacy market. The growing use of this element will increase overall investments for the market in the forecast period. Anthocyanins and anthoxanthins are common type’s flavonoids. The anthocyanins market is holding the highest shares.
The expansion of this market will create promising growth opportunities in the forecast period. Flavonoids are used in the factors that will increase overall profitability. Further, eh rising disposable income is expected to raise the use of flavonoids. With the rise of disposable income, the spending of the consumer on health-based products will rise.
In the upcoming years, the growth of the per capita income is expected to rise in the overall demand and supply of the market. Moreover, the development of flavonoids' range of products will create promising growth opportunities. The flavonoids are product range in the market is growing rapidly. With the growing product in the market, the demand of his market is expected to grow more. All these are factors will increase the flavonoid market size.
Growing health concerns are restraints of flavonoids. The flavonoids come under the additives category. Using it in the proper amount can offer exceptional health benefits. However, these are plant and fruit extracts that have many side effects. Due to the side effects of the flavonoids, the growth of this market can decline.
Several end users may not adapt to this product as it can be a risk for the consumer. Many are allergic to such plant and fruit extracts. It is a drawback of the market that cab hampers overall growth in the forecast period.
The stringent rules regarding the usage of flavonoids are a challenge. The flavonoids need to be used in proper quantity. As per the regulatory standards, high use may lead to many severe consequences. Due to these stringent rules, the production process of the market can become complex.
Further, less awareness about flavonoids is a challenge in this market. There are developing regions that have no proper awareness of the product. Less awareness can affect the overall demand and supply of this market. These are the factors that can hamper the growth of the flavonoid market in the forecast period.
Flavonoid market analysis shows stable growth in the market. Many factors boost the demand of this market. The antioxidant and other health benefits of flavonoids are crucial drivers of the market. Further, the rising demand for functional food is having a positive impact on the growth of this market.
The growth of convenience foods will expand the use of flavonoids. However, the restraints of the market are growing health issues of flavonoids. Also, the stringent regulations in the market are other challenges. However, the growth opportunities are surging due to the use of the product in the pharmaceutical market.
North America is a region that is accountable for the highest flavonoid market share. The health concerns among consumers are surging. People are adopting healthy food alternatives in the market. Increasing health issues are enabling people to choose a healthy diet.
Most of the functional food in the market incorporates flavonoids. The use of flavonoids is high in the food market. US and Canada are key countries that boost overall investments in the market. The presence of key players is a major advantage for the market growth. All these are expected to create new developments in the market.
Flavonoid Market by Product Type
Flavonoid Market by Application
Flavonoid Market by End-Users
Flavonoid Market by Geography
The competition in the flavonoid market is moderate in the forecast period. There are many expansions, partnerships, mergers, and collaborations in the market. Also, the key player is strengthening their product portfolio in the forecast period.
The flavonoid market forecast shows three major market players. There are North America, Europe, and Asia Pacific markets with the highest demand. The North American market is dominating the overall region with high demand. The supply rates of the market are rising due to the shifting preference of consumers. The demand from the food industry in the market is growing.
Europe is the next largest key player suing the highest flavonoids in food products. UK, Germany, and France are key countries having high growth. Further, the popularity rise is a crucial driver of the market in the Asia Pacific region. the rise in disposable income is surging the demand in this region. all these markets are expected to witness high profitability.
The Key Players in The Flavonoid Market Are
|Market Size||USD 2.7196 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Type, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Lavon International Ltd (UK), Foodchem International Corporation (China), Toroma organics Ltd (Germany), Cayman Chemical (US), Triveni Interchem Private Limited (India), Sigma-Aldrich (US), Alchem International Pvt. Ltd (India), and FUJIFILM Wako Pure Chemical Corporation (Japan)|
|Key Market Opportunities||Growing use of flavonoids in the pharmaceutical market|
|Key Market Drivers||Growing health issues, Growing demand for convenience food, High requirement for functional foods, Increasing consumption of berries|
Flavonoid market is projected to grow at approximately 6.3% CAGR during the assessment period (2022-2030).
Flavones are a crucial segment with high demand.
Key competitors in the flavonoid market include Lavon International Ltd (UK), Foodchem International Corporation (China), Toroma organics Ltd (Germany), Cayman Chemical (US), Triveni Interchem Private Limited (India), Sigma-Aldrich (US), Alchem International Pvt. Ltd (India), and FUJIFILM Wako Pure Chemical Corporation (Japan).
North America is a crucial region with the highest growth.