Indore, IN: Bizwit Research & Consulting LLP’s Recent Analysis for the Global Flavonoid Market is poised to raise up to USD 2.73 Billion by 2030. Flavonoids are a type of lower-level polyphenolic metabolites derived from plants and are consumed as dietary food that offers antioxidant properties. Flavonoids have found application in various industries due to their diverse biological activities. In the pharmaceutical sector, they are being explored for their potential therapeutic benefits, such as anti-inflammatory, anti-viral, and anti-cancer properties. Additionally, their antioxidant capabilities make them a valuable component in cosmetic and skincare products, as they can help combat premature aging caused by oxidative damage. The growing awareness of the health advantages associated with flavonoids, growing preference towards natural and herbal products, rising demand for functional foods and beverages, escalating elderly populations, and the increasing investments in research and development are among the major drivers that are fostering the market demand across the globe.
Geographically, the global Flavonoid Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is projected to have the largest revenue market share during the forecast period due to the changing consumer lifestyles, rising prevalence of various chronic ailments, and growing awareness of the health benefits of flavonoids are the major factors responsible for the region’s domination. In terms of sales, Asia Pacific is the most lucrative and fastest developing region for Flavonoid market due to growing demand for dietary supplements among the population, rising popularity of sports, along with the increasing disposable income.
The global Flavonoid market is highly competitive owing to the presence of several key manufacturers such as Archer Daniels Midland Company, Artemis International, BASF Se, Eevia Health Plc, Enomark Biotech (Enomark Healthcare), Givaudan International Sa (Naturex S.A.), Indena S.P.A., and others.
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Global Flavonoid Market Size Study & Forecast, by Product Type (Isoflavones, Anthocyanin, Others), By Form (Powder, Liquid), By Application (Nutraceuticals, Pharmaceuticals, Cosmetics, Food & Beverages), and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Flavonoid Market is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2023-2030.
- In the Application segment, functional beverages is accounted as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to changing consumer lifestyles, rising prevalence of various chronic ailments, and growing awareness of the health benefits of flavonoids.
- Asia-Pacific is expected to grow at a higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- Food & Beverages
- North America
- Asia Pacific
- South Korea
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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