27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Flavonoids Market By Type (Anthocyanins, Flavones, Anthoxanthins, Isoflavonens, and Chalcones) and By Application (Pharmaceutical, Food and Beverages, Nutraceuticals and Animal Feed): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global flavonoids market in 2019 was approximately USD 973 million. The market is expected to grow at a CAGR of 3.75% and is anticipated to reach around USD 1259 million by 2026.
Flavonoids are one of the highly consumed phytonutrients from fruits and plants. Due to the changing lifestyle, there has been a huge demand for junk food, which in turn has contributed to the potential growth of diseases such as obesity and high cholesterol. Therefore, growing awareness among the younger generation about health consciousness drives the demand for flavonoids. Soon, the growth of the demand for flavonoids is expected to have a positive effect on increasing disposable income and the easy availability of functional foods. Diverse uses of flavonoids in the food and beverage industry and the nutraceuticals industry are expected to boost the growth of the demand for flavonoids. Surplus flavonoid consumption may convert flavonoids into mutagens that may impede the growth of the market for flavonoids. Nevertheless, in emerging countries, the untapped flavonoids market is likely to deliver ample opportunities for the industry of the flavonoids in the coming years.
Browse the full “Flavonoids Market By Type (Anthocyanins, Flavones, Anthoxanthins, Isoflavonens, and Chalcones) and By Application (Pharmaceutical, Food and Beverages, Nutraceuticals and Animal Feed): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/flavonoids-market-by-type-anthocyanins-flavones-anthoxanthins-isoflavonens-998
Some of the most common types of flavonoids are anthocyanins, flavones, anthoxanthins, isoflavonens, and chalcones. Due to the huge demand for anthocyanins from the food industry, anthocyanins are regarded as the largest segment of revenue generators. Anthocyanins act as natural agents for coloring the food and beverage industries. In the coming years, flavones are expected to become an accelerated group. Flavonoids can be used in the food industry as antioxidants, anti-inflammatory agents, coloring agents, and preservatives. Flavonoid applications include pharmaceutical, food and beverage, nutraceuticals, and animal feed. Nutraceuticals are amongst all the leading segment with a significant market share in the industry of the flavonoids. For lowering weight and reducing cholesterol, flavonoids are majorly used as food supplements and functional food and hence this has led to increased demand in the nutraceutical flavonoids sector.
North America dominated the flavonoids market in 2019 and was reflected to be the region that produced the highest revenue. This was primarily due to the population's hectic lifestyle in this area, which resulted in several disorders resulting in the high consumption of supplements with antioxidants. The number of obese and depressed patients in this area is growing which helps the growth of the North American market for flavonoids. Europe was the second-largest flavonoid market in 2019, owing to the increasing complexity of health due to high blood cholesterol levels and the growing aging population in this area.
Emerging economies such as India, China, and Japan are projected to become the most influential markets soon due to increased spending potential on functional food by the growing population. Besides, growing health concerns, the economies of these countries are rising. This greatly leads to the development of the flavonoids market. Due to changing lifestyles and growing consumer preference for healthy foods, Latin America shows lucrative growth over the years. The Middle East and Africa consist of an abundance of raw flavonoid sources and a range of antioxidants that are expected to fuel market growth in the forecast period.
Market Size in 2019
USD 973 million
Projected Market Size in 2026
USD 1259 Million
CAGR Growth Rate
Key Market Players
Foodchem International Corporation, Meherrin Agricultural & Chemical Company, Quercegen Pharmaceuticals, Aquapharm Bio-Discovery Limited, Indofine Chemical Company Inc, Kemin Industries, EXTRA SYNTHE SE, Cayman Chemical Company, International Flavors and Fragrances, and Others.
By Type, By Application, By Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Some of the major players in the flavonoids market are Foodchem International Corporation, Meherrin Agricultural & Chemical Company, Quercegen Pharmaceuticals, Aquapharm Bio-Discovery Limited, Indofine Chemical Company Inc, Kemin Industries, EXTRA SYNTHE SE, Cayman Chemical Company, International Flavors and Fragrances, and Others.
This report segments the global flavonoids market as follows:
Global Flavonoids Market: By Type Segmentation Analysis
Global Flavonoids Market: By Application Segmentation Analysis
- Food and beverages
- Animal feed
Global Flavonoids Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
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