Flavonoid Market

The global flavonoid market size was valued at $1,497.7 million in 2020, and is projected to reach $2,717.8 million by 2030, registering a CAGR of 6.2% from 2021 to 2030.

Flavonoid is one of the category of plant polyphenols which has antioxidant properties. They are majorly responsible for the pigments or colors in vegetables, fruits and flowers. In plants, these colors protect the plants from environmental stress as they are potent with antioxidants. Flavonoid is also industrially manufactured majorly in product types including Isoflavones, anthocyanin, and others. Additionally, it is largely used in the treatment of cardiovascular diseases, cancer, arthritis, obesity, hypertension and other diseases. It is commonly used in tablets, supplements, and capsules in pharmaceuticals and nutraceuticals industries.

Covid-19 Impact Analysis

• The outbreak of the COVID-19 pandemic has shown a positive impact on the market. 
• During the COVID-19 outbreak, the nutraceutical industry got benefit from consumers who were looking to lead healthier lifestyles and improve their dietary habits and immune power due to this COVID-19. This in turn has boosted the demand for flavonoid in the nutraceutical industry boosting the overall flavonoid market growth in this corona virus outbreak.

The global flavonoid market is segmented are categorized into product type, form application and region. By product type, it is classified into isoflavones, anthocyanin and others. By form, the market is bifurcated into powder and liquid. By application, it is divided into pharmaceuticals, nutraceuticals, food & beverages and cosmetics. Region wise, the market is analyzed across North America (the U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).

By product type, the isoflavones segment accounted the highest flavonoid market share in 2020. Isoflavones are a type of organic compound and is one of the type of flavonoids. They are used in the production of cosmetics and various skin care products such as moisturizers and face creams. Moreover, Isoflavones are also widely used in the pharmaceutical industry to treat a variety of diseases. This in turn has driven the growth of overall flavonoid market. However, anthocyanin segment in the flavonoid market is expected to be the fastest growing segment during the forecast period in terms of value sales.

By form, the flavonoid market is divided into powder and liquid. In 2020, the powder segment accounted for the highest market share in the global flavonoid market and is also expected to retain its dominance during the forecast period. The flavonoids available in powdered formats are majorly used in pharmaceuticals industry, are also used in functional foods and are available as phytoestrogen supplements contributing in driving the growth of the market. However, liquid segment in the flavonoid market is expected to be the fastest growing segment during the forecast period in terms of value sales.

By application, the market is divided into pharmaceuticals, nutraceuticals, cosmetics and food & beverages. In 2020, the pharmaceuticals segment accounted for the highest market share in the global flavonoid market and is also expected to retain its dominance during the forecast period. This is mainly because flavonoid is an immunity boosting enzyme that reduces the possibility of cancer, cardiovascular disease and others.  Thus, this has driven the demand for flavonoid used in pharmaceuticals industry. However, food & beverages segment in the flavonoid market is expected to be the fastest growing segment during the forecast period in terms of value sales.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in the year 2020. The North America flavonoid market dominated the use of flavonoid, owing to the fact that the consumption of flavonoid as a supplement is increasing among the consumers in this region. This is mainly due to high incidences of diseases, such as, high cholesterol high blood pressure, coronary heart diseases, atherosclerosis, and congestive heart failures. Flavonoid helps protect heart and blood vessels from getting damaged. Therefore, North America has created a prolific flavonoid market demand over the period of time. However, LAMEA is expected to be the fastest growing market during the market forecast period.

Key players operating in the global flavonoid market focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in the global flavonoid industry analyzed in this report Archer-Daniels-Midland Company, Artemis International, BASF SE, Eevia Health, Enomark Biotech, Givaudan International SA, Indena S.p.A, Natac , Nexira, and  Xi’an Yuensun Biological Technology Co., Ltd.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the current flavonoid market trends, estimations, and dynamics of the global market for the period of 2020–2030 to identify the prevailing flavonoid market opportunity.
• The key countries in four major regions have been mapped based on their market share.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region have been mapped according to their revenue contribution to the global industry. 
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes both regional as well as global the flavonoid market analysis, key players, market segments, application areas, and flavonoid market growth strategies.

 Flavonoid Market Report Highlights