Flavonoids Market Overview:
The extraction of the plants was known as flavonoids. It was extracted from many fruits and vegetables. These flavonoids are water soluble and have carotenoids due to which flowers and fruits have vivid colors. The flavonoids also contain antioxidants and anti-inflammatory substances in high range. There are many benefits of flavonoids in the immune system. These flavonoids are also used in many food items which has health benefits also.
Flavonoids Market Size was valued at USD 1.8 billion in 2022. The Flavonoids market industry is projected to grow from USD 1.91 Billion in 2023 to USD 3.11 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.30% during the forecast period (2023 - 2032).
Flavonoids reduce the health issues and help in living a healthy lifestyle. The flavonoids reduce the neuro problems and cardiovascular problems. Due to several uses, the flavonoids have more importance in the global market. There are various factors which has high demand in the flavonoid market such as strawberries, kale, onions, circuit fruits, and parsley. There are many benefits of flavones such as regulation of blood sugar level, protection of skin and enhancing the brain function.
In the Covid 19, there was less production and demand in the forecast period. Flavonoids are the substances which gain the high traction in the various industries. Many functional foods use these flavonoids to increase the nutritional value of the food. The use of flavonoids leads to a good health and healthy lifestyle. Due to the benefit of good health the market demand was growing rapidly.
As the functional foods have high nutritional value and by adding the flavonoids it increases the value of the functional foods. The demand for the requirement of functional food increases the use of the flavonoids also increasing. The market growth opportunities get high by more use of flavonoids in the pharmaceutical market. Anthocyanins has the highest market shares. Flavonoids increase the overall profitability.
The flavonoids should be used in the proper quantity otherwise it has many severe consequences if not used properly. The flavonoid market analysis shows the stable growth in the market. The increased demand of functional food has a high demand in the market. There are many expansions, partnerships, mergers and collaborations in the flavonoids market.
Market Segmentations:
The global flavonoids market was segmented on the basis of product type, application, end users and region.
On the basis of product type, the global flavonoids market was divided into anthocyanidins, isoflavones, flavones, flavonols, flavanols and flavanones.
On the basis of application, the global flavonoids market was divided into functional foods, functional beverages, pharmaceuticals, animal feed and nutraceuticals.
On the basis of end users, the global flavonoids market was divided into commercial research and development institutions, raw material suppliers and distributors, flavonoids producers/ processors, traders, exporters and importers, government and research organizations.
Regional Classifications:
The global flavonoids market was spread in the following regions – North America includes US and Canada, Europe includes Germany, France, Italy, UK and France, Asia Pacific includes China, India, Australia, Singapore, Middle East Africa and Latin America.
Key Players:
The Key Flavonoids Market Players which are involved in the global flavonoid market are as follows – Lavon International Ltd (UK), Foodchem International Corporation (China), Toroma organics Ltd (Germany), Cayman Chemical (US), Triveni Interchem Private Limited (India), Sigma-Aldrich (US), Alchem International Pvt. Ltd (India), FUJIFILM Wako Pure Chemical Corporation (Japan).
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