Global Flavonoids Market – Overview
Flavonoids market is driven by various factors including increase in globalization, rising demand for natural food colors and flavors in food and beverages. Manifold increase in number of diseases and health risks is demanding healthier and natural foods which is supporting sales of functional flavonoids. Due to lack of time for cooking and busy life patterns there has been lack of inclusion of healthy foods in diet and more tendencies towards high calories fast foods and packed foods. This in turn has resulted into increase in health risks and later demanding for functional foods with flavonoids. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Flavonoids Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.
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Flavonoids are mainly known for its anti-oxidant and anti-inflammatory health benefits and it is also becoming popular as a healthy and natural flavoring agent in food. There are various types of flavonoids available and each flavonoid has its own unique characteristics and health benefits. Fruits and vegetables are the main dietary sources of flavonoids; however, tea and wine are becoming more popular as a reach flavonoid source from last few years. Anthocyanin’s flavonoids hold major market share compare to other flavonoids available in the market. Blackberries, grapes, blueberries and avocado are reach source of Anthocyanin’s. Flavonoids are more popular in North America and Europe, but increasing health awareness and rising knowledge about health benefits of flavonoids is boosting its growth in Asia Pacific region. Innovation in extraction process of flavonoids is changing the market dynamics of flavonoids. Increasing application base of flavonoids in pharmaceutical industry is likely to boost the market in next few years.
Emergence in the flavonoids industry mainly, the natural based ingredients with greater functional properties have created a new market edge. Availability of semi-synthetic oligo-flavonoids has created substitution threat to an extent for natural flavonoids. Improved focus on R&D and developments in the organic chemistry has supported the launch of new flavonoid products. There are strong prospects of flavonoids use in the nutraceutical foods. The major sources of flavonoids include tea, citrus fruit, citrus fruit juices, berries, red wine, apples, and legumes.
Latest Industry Updates
Feb 2017 Clarion Brands has launched a new portfolio of Lipo-Flavonoid products addressing sleep and tinnitus. The newly launched products include the Sonorest Sleep Tones sound machine, Lipo-Flavonoid Night and The Lipo-Flavonoid Day/Night Kit.
Nov 2016 Taj Pharma has launched VENOSTOR Diosmin/Hesperidin Tablets. This unique natural formula combines two powerful antioxidant flavonoids to promote healthy blood flow in the legs and throughout the body.
Global Flavonoids Market - Competitive Analysis
Key manufacturers are focusing on expansion of their product line by adding value additions to their existing products. With the increasing acceptance of flavonoids among consumer, the market will see significant growth in next few years. Also, key players in the flavonoids market analysis are involved in introducing new products, backed by sustained efforts in R&D. End-use segments including dietary supplements, functional food and beverages for weight management and diabetic’s health food and beverages with various formulations in flavonoids is a major factor that is fueling the growth of global flavonoids market.
The key players profiled in Flavonoids are Flavon Group LLC. (Hungary), Foodchem International Corporation (China), Cayman Chemical Company (U.S.), Alchem International Ltd (India), Triveni Interchem Pvt. Ltd (India), Sigmaaldrich (U.S.), Wako Pure Chemical Industries, Ltd. (Japan), and Toroma Organics Ltd (Spain) among many others.
Global Flavonoids Market – Segments
The global flavonoids market analysis has been divided into type, application, and region.
On the Basis of Type: Flavanones, Flavones, Isoflavonens, Chalcones, Anthoxanthins, Anthocyanins, and Others
On the Basis of Application: Functional Foods, Functional Beverages, Pharmaceuticals, Animal Feed, Nutraceuticals, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
Global Flavonoids Market - Regional Analysis
The global flavonoids market analysis is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating followed by the Europe owing to the major markets for flavonoids and strong presence of functional foods and beverages. Asia Pacific region is the second largest market for flavonoid fortified products due to the trend towards healthier lifestyles. Growing youth population and rise in disposable income is driving the demand for flavonoids.
Trends in healthy foods linked with functional properties such as anti-viral, antiallergic, anti-inflammatory, anti-tumor and anti-oxidant; are driving sales of the flavonoids. Among various functional properties of flavonoids, antioxidant is trending primarily, owing to the presence of vitamin C, vitamin E, selenium, and carotenoids which makes it nutritious. Furthermore, increasing consumer awareness and growing demand for flavonoids has uplifted the market in the Asia Pacific countries like India, China and Japan which is expected to boost the growth of the flavonoid market during the review period.
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