Flavonoids Market Overview:
The flavonoids market is anticipated to expand as a result of rising consumer demand for painkillers, cholesterol-lowering products, and anti-inflammatory products. The market for flavonoids is anticipated to be driven by rising consumer awareness regarding the consumption of nutrient-dense foods, supported by expanding wellness trends in the food and beverages sector.
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Flavonoids Market Size Growth Rate:
According to the DataM market research report, the global flavonoids market size was valued at US$ 1.3 billion in 2022 and is projected to reach US$ 2.4 billion by 2030, with growth at a CAGR of 5.6% over the forecast period (2023-2030).
The introduction of new products, mergers, and acquisitions, which are the primary factors in gaining a sizable share of the flavonoids market, has increased along with the global increase in industry regulation. These businesses are also investing more funds in R&D and the development of products using cutting-edge technologies. While maintaining their position, they are increasing their market share.
Flavonoids Market Drivers:
Consumers’ shifting lifestyles and the rising demand for beauty and health supplements are predicted to fuel an increase in flavonoid consumption. The flavonoids market is anticipated to benefit from the availability of various cosmetics products, which is driven by rising consumer demand.
Flavonoids Market Restraints:
Flavonoids are naturally occurring compounds found in plants, and their availability can be affected by factors such as climate change, plant diseases, and the limited availability of suitable land for cultivation. This could result in supply chain disruptions, increased costs, and limited availability of flavonoid-based products.
Flavonoids Market Opportunities:
Flavonoids are increasingly being used in the nutraceutical industry to create supplements and functional foods. This presents a significant opportunity for companies operating in the flavonoids market. With the growing demand for natural and organic cosmetics, the use of flavonoids is likely to increase.
COVID-19 Impact Analysis:
The pandemic has disrupted supply chains around the world, causing delays in the shipment of raw materials and finished products. This has affected the flavonoids market, as companies have struggled to maintain consistent supply and meet customer demand. However, the pandemic has accelerated the shift towards online sales, as many consumers have turned to e-commerce platforms to purchase food and supplements. This has benefited companies with strong e-commerce capabilities.
Recent Developments in the Industry:
- In February 2022, ABF Ingredients, which is a specialty ingredients division of Associated British Foods, acquired Fytexia Group for an undisclosed sum, giving the latter company direct access to the global polyphenols market.
- On January 5, 2022, Conagen announced that precise fermentation led to the production of the antioxidant kaempferol. By utilizing sustainable ingredients and taking a more natural stance, brands of nutrition, personal care, and beauty products will be able to flourish. A flavonoid that is also present in fruits, vegetables, and tea, kaempferol is particularly abundant in leafy green vegetables like kale and spinach.
- In October 2021, United Natural Foods Inc. and National Sales Associates LLC entered into two strategic marketing and distribution partnerships. A natural supplement manufacturer called Longevity by Nature uses flavonoids as its primary raw material. These strategic alliances are beneficial for increasing future sales and connecting with retailers.
Flavonoids Market Segmentation:
As per the research analysis, the global flavonoids market is segmented by product type into nutraceuticals, functional foods, functional beverages, pharmaceuticals, animal feed, and others, and by application into anthocyanidins, flavan-3-ols, flavones, flavanols, flavanones, and others.
- Based on the type, the nutraceutical segment held the largest global flavonoids market share in 2022. Nutraceuticals, which often contain flavonoids, fit this bill perfectly, and this has driven demand for flavonoids in the nutraceutical industry. Flavonoids are a popular ingredient in developing new products, and this has helped to drive demand for flavonoids in the nutraceutical industry.
Geographical Classification:
The global flavonoids market is segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa.
Asia-Pacific Flavonoids Market:
The Asia-Pacific region is the largest and fastest-growing market for flavonoids, globally. Consumers in the Asia-Pacific region are increasingly interested in natural and healthy food products that provide health benefits. Rising disposable income levels in the Asia-Pacific region are leading to increased demand for high-quality food products that provide health benefits. This is driving demand for flavonoids in the region.
North America Flavonoids Market:
The North American region is the fastest-growing market for flavonoids globally. The dietary supplement industry is growing rapidly in North America, and flavonoids are a key ingredient in many dietary supplements. This is creating significant growth opportunities for companies operating in the flavonoids market.
Europe Flavonoids Market:
Europe is a significant market for flavonoids globally. Europe has a strong regulatory environment for food and dietary supplements, which is driving innovation in the flavonoids market. The functional food industry is growing rapidly in Europe, and flavonoids are a key ingredient in many functional foods. This is creating significant growth opportunities for companies operating in the flavonoids market.
Competitive Analysis:
There are numerous international, regional, and local suppliers in the global flavanoids market. The major players in the moderately fragmented flavanoids market are concentrating on strategies that include portfolio expansions with investments in R&D as well as taking advantage of untapped opportunities in emerging markets. Market players may also be interested in collaborating with local players.
Major Companies:
The key players in the global flavanoids market include Kemin Industries, Foodchem International Corporation, EXTRA SYNTHE SE, Cayman Chemical Company, Quercegen Pharmaceuticals, International Flavors and Fragrances, Aquapharm Bio-Discovery Limited, Pharmachem Laboratories Inc., Toroma organics Ltd, and Merck KGaA.
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1) Unlimited Analyst support for a period of 1 year.
2) Any query with regard to the scope offered will be addressed within 24- 48 hours.
3) An Excel sheet with market numbers will be provided separately.
The Full Report has the below insights:
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2021-2022), and verifiable projections about market size during the forecast period (2023-2030).
- Visualize the composition of the global flavonoids market segmentation by product type, substrate, autonomous driving levels, application, and region, highlighting the key commercial assets and players.
- By Product Type: Nutraceuticals, Functional Foods, Functional Beverages, Pharmaceuticals, Animal Feed, and Others.
- By Application: Anthocyanidins, Flavan-3-ols, Flavones, Flavanols, and Anthoxanthin
- By Region: North America, South America, Europe, Asia Pacific, and Middle East & Africa
- Identify commercial opportunities in the global flavonoids market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as Porter’s five forces analysis, supply chain analysis, pricing analysis, and regulatory analysis.
- Excel data sheet with thousands of data points of global flavonoids market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in Excel for the key product of all major market players
- The report will provide access to approximately 53 market data tables, 53 figures and close to 106 pages.
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