Flavonoid Market - Forecast(2022 - 2027)
The Flavonoid Market size is forecast to reach $1.4 billion by 2026, growing at a CAGR of 4.0% during the forecast period 2021-2026. Flavonoids are found in fruits, vegetables, roots, and flowers among others. It is used in pharmaceutical, cosmetics, medicinal, and nutraceutical applications. These antioxidants and biochemical cure the effects that are associated with diseases such as Alzheimer’s, cancer, and atherosclerosis among others. There are different types of flavonoids such as polyphenols, isoflavonoids, benzopyrane, anthoxanthins, and phloroglucinol among others. Increasing demands for 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. Increasing application of flavonoids from food & beverage industry and increasing usage of flavonoid in convenience food is set to further enhance the overall market demand for the Flavonoid Market during the forecast period 2021-2026.
Flavonoid Market Report Coverage
The report: “Flavonoid Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Flavonoid Market.
By Type: Anthocyanin, Flavones, Flavan-3-ols, Flavonol, Anthoxanthin, Isoflavones, and Polyphenols
By Form: Powder, and Liquid
By Applications: Nutraceutical, Pharmaceutical, Cosmetics, Animal Feed, and Dietary Supplements
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)
Key Takeaways
- North America dominated the Flavonoid Market in 2020 owing to the increasing demand of nutraceutical products and increasing focus towards nutritious food. The Flavonoid Market scope for different regions will be provided in the final report.
- Increasing R&D investments in personal care products and increasing usage 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 along with increasing competition is poised to create hurdles for the Flavonoid Market.
Flavonoid Market Segment Analysis - By Type
The Anthoxanthin held the largest share in the Flavonoid Market in 2020 and is estimated to grow at a CAGR of 4.6% during the forecast period 2021-2026. The anthoxanthins are glycosides when boiling with dilute acid yield one or two molecules of monosaccharaides and a flavone or flavone derivatives. It contributes the cream of cauliflower, onions, white potatoes, and turnips. Anthocyanins depends on their ph. Food plants rich in anthocyanin include blueberry, raspberry, black rice, and black soybean among others The Anthoxanthin is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2021-2026.
High 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 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 2020, 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, and Hunan Sunfull Biotech Co., Ltd. among others.
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