The global Flavonoids Market size is expected to value at USD 1.06 billion by 2025. The market is subject to witness a substantial growth due to the increasing number of application in the functional food & beverages sector, dietary supplements sector, cosmetics and pharmaceutical industry. Flavonoids are used as a sweetening and coloring agent in the packaged food sector.
Flavonoids has enhanced capabilities such as restricting cancer cell growth and prevention of stomach ulcers and infections due to their anti-microbial properties. These factors are expected to drive market demand for flavonoid over next seven years. Globally, the flavonoids industry is predicted to display higher growth rate in the forecast period, providing numerous opportunities for market players to invest for research and development in the flavonoids market.
Flavonoids are naturally occurring chemical substance, which is commonly found in the plants. Flavonoids are responsible for providing natural color to plants, fruit, grain, and flower such as root vegetables, tealeaves, lemons, oranges, raspberries, cabbage, peppers, squash, tomatoes, eggplant and soybean. Increasing demand of flavonoid from functional food & beverages industry is expected to boost market demand over the forecast period.
Growing demand for anthocyanin from the food & beverage industry, which is type of a flavonoid, as a coloring agent; particularly in the Asia-Pacific region is estimated to amplify market value for flavonoid over the next seven years. Shifting trend towards adoption of organic coloring agents in the food & beverage industry along with changing food consumption habits of consumers are propelling market expansion in the recent years.
The technological advancement in the functional food industry coupled with development of novel products such as bioflavonoids are fostering market growth as well in the last few years. The three major types of flavonoids include bioflavonoids, is oflavonoids, and neoflavonoids. All of these classes contain ketone compounds and are referred as anthocyanin. Anthocyanin is commonly known as a hypoglycemic agent that helps to regulate human blood sugar level. Anthocyanin are largely used in dietary supplements as well. Additionally, Anthocyanin is a histamine blocker that limits inflammation caused due to allergies, cardiovascular diseases, arthritis, and stomach ulcers. Such factors are expected to favor market growth of the flavonoids over the next seven years.
The flavonoid industry is broadly categorized into three major segments based on the application type such as functional food segment, functional beverages segment, and dietary supplements. The functional beverages is considered as one of the fastest growing segment in the flavonoids market with substantial revenue generation in the last few years.
Growing popularity of the flavonoids in functional food segment is attributed to the capability of flavonoids to improve metabolic processes in the myocardium, thereby inhibiting thrombus formation. The dietary supplements segment is has also witnessed substantial growth owing to the unique properties of flavonoids that helps to prevent inflammation caused due to allergies, cardiovascular diseases, arthritis, and stomach ulcers. However, stringent laws & regulations in regards to excessive use of flavonoids in dietary supplements owing to the various side effects is major challenge for market growth of the dietary supplements segment.
The flavonoids industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in functional food & beverages industry, changing food patterns among consumers, rise in the demand for ready-to eat meals, and existence of well-established industrial infrastructure in the region.
Asia-Pacific region is predicted to hold major market share in the flavonoid market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth in the region, changing lifestyle among youngsters, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the flavonoids industry are Cayman Chemical Co., Quercegen Pharmaceuticals, Inc., Foodchem International Co., INDOFINE Chemical Company, Inc., Extrasynthese, Toroma organics Ltd., Pharmachem Laboratories, Inc., Organic Herb, Inc., Phytocompounds Ltd., and Indena S.p.A.
Global Flavonoids Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
Global Flavonoids Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
• Functional beverages
• Functional food
• Dietary supplements
Global Flavonoids Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Research Support Specialist, USA