Flavonoids Market Overview:
According to the World Health Organisation (WHO), the overall number of cancer cases is estimated to increase by 29% in the developed countries and 73% in the developing countries by 2020. As the prevalence of cancer grows, R&D activities to find cure are higher than ever before. Flavonoids have shown potential as cytotoxic anti-cancer agents, which promote apoptosis in the cancer cells. Owing to this and several other factors, the global flavonoids market was valued at $904.2m in 2018. Furthermore, the demand for flavonoids is estimated to grow at a CAGR of 3.78% during the forecast period 2019-2025.
North America has been observing rising demand for functional and convenience food products such as canned, dried, and frozen food, which has increased the utilization of flavonoid. Additionally, the region has a strong economic status and has been witnessing increased investments for R&D in personal care and cosmeceuticals market. In 2018, North America held the maximum flavonoids market share of 33.70%, with the U.S. being the largest exporter of personal care products in the world.
Flavonoids Market Outlook:
Flavonoids are found in vegetables, fruits, roots, flowers, stem, grains, wine, and tea. These are the natural indispensable substances used in pharmaceutical, cosmetics, medicinal, and nutraceutical applications. These antioxidants and biochemicals can cure the effects associated with diseases such as Alzheimer’s, cancer, and atherosclerosis.
According to the World Health Organization, non-communicable diseases are responsible for more than 70% of deaths. In this scenario, increase in the consumption of fruits, vegetables, and fiber is a key lifestyle change that could lower the risks of such diseases. Moreover, the increasing demand for dietary food and the changing lifestyle pattern of people is stimulating the demand for flavonoids. The food and beverage end use segment of the flavonoids market is predicted to register a CAGR of 4.10% through to 2025.
Flavonoids Market Growth Drivers and Market Trends:
· Growing R&D Investments in Personal Care Products
Increasing investments in R&D of personal care products lead to increased demand for flavonoids in the market. Flavonoids are powerful and outperform artificial antioxidants. The cosmetic and personal care industry is developing at a good pace due to the demand for anti-ageing, skin lightening, anti-cellulite, and anti-couperosis products, thereby boosting the flavonoids market.
· Other Factors Affecting the Market
Rising disposable income of the urban population, increasing consumption of processed foods, growing health care awareness, increasing working and aging population, and rapid urbanization are the other major factors spurring the demand for the flavonoids market.
· Trending Use of Flavonoids in Medicinal Foods
Flavonoids are used in medicines as catalysts that plays an important role in the medical foods that is associated with reducing the risk of chronic diseases such as cardiovascular diseases, neuro-degenerative disorder, and cancer. Thus, it offers a huge scope for the drug development in future.
· Flavonoids in Ruminant Nutrition
In recent times, flavonoids are increasingly being used in ruminant nutrition to control metabolic processes and to make the rumen more efficient.
Flavonoids Market Key Players Perspective –
The major players striving to capitalize on the flavonoids market are INDOFINE Chemical Company, Extrasynthese, Organic Herb Inc., Indena S.p.A, Foodchem International Corporation, Cayman Chemical Company, Pharmachem Laboratories Inc., Phytocompounds, Quercegen Pharmaceuticals Inc., and Toroma organics Ltd.
Flavonoids Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the flavonoids market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The flavonoids market research report also analyses the application of the flavonoids in various industries such as pharmaceuticals, food and beverages, animal feed additive, and nutraceuticals.
Flavonoids Market Report: Industry Coverage
This report also documents the flavonoids market based on product types, which include Chalcones, Flavones, Isoflavonens, Flavanones, Anthoxanthins, and Anthocyanins.
The flavonoids market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
Key Questions Addressed in the Flavonoids Market Report
Is the market demand for flavonoids growing? How long will it continue to grow and at what rate?
Which type of home security system presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the flavonoids market?
A Few Focus Points Of This Research Are Given Below: