Flavonoids Market Overview
A flavonoid is essential plant pigment which are concentrated mainly in plant parts. They are polyphenolic compounds that are freely available in natural sources mainly plant parts. Many researches have supported the use of flavonoids in natural prevention for cancer, cardiac disease, and diabetics which will boast the market in future. From recent years, the consumer’s demand is rising for diet specific products for weight loss which gives additional health benefits and have higher nutritional value.
Flavonoids have various applications in functional food and beverages, dietary supplements, personal beauty care and pharmaceuticals. They are generally used as sweeteners and coloring agents in the food & beverages industry. Flavonoids have anti-microbial, antioxidant, and anti-inflammatory properties, thus having enormous application in pharmaceuticals industry and also personal beauty care industry.
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Competitive analysis
The major key players in Flavonoids Market are Flavon Group LLC. (Hungary), Foodchem International Corporation (China), Cayman Chemical Company (U.S.), Alchem International Ltd (India), Triveni Interchem Pvt. Ltd (India), Sigmaaldrich (U.S.), Wako Pure Chemical Industries, Ltd. (Japan), and Toroma Organics Ltd (Spain)
The global Flavonoids Market is fragmented with various manufacturers, including international and regional players. Companies are competing based on product differentiation, portfolio, and pricing. The market is dominated by top key manufacturers who have a worldwide presence.
Market Forecast
Global Flavonoids Market is growing mainly due to rising demand for healthy convenience food. Many well-known companies are opening up their own healthy product portfolios so as to reach out to many consumers through e-commerce influencing the market growth. Key players are investing in R&D for innovative products to attract and retain more consumers.
These factors will play a key role to grow Flavonoids Market at CAGR of 3% during forecast period.
Application Market Analysis
The consumption of flavonoids has increased in developed countries as it enhances metabolic processes, strengthens immune system, etc. Flavonoids enriched products such as supplements, food and beverages are made available through e-commerce, as people looking for alternative to medicinal cure for diabetics and cardiac disease. The working-class population has been rising, so demand for healthy food and beverages has also amplified as awareness for healthy lifestyle is greater than before due to various media like social media, magazines etc.
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Regional Analysis
The global Flavonoids Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this North America region has major market share followed by APAC. Asia Pacific is growing market. Growing youth population and rise in awareness about healthy lifestyle in Asia Pacific region is driving the demand for flavonoids.
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