According to Inkwood Research, the global flavonoid market is projected to register a CAGR of 4.19% during the forecast period, generating revenue of $1723.14 million by 2028. The base year considered for the market study is 2020 and the forecasting years are from 2021 to 2028.
Flavonoids include a diverse set of plant chemicals, also termed phytonutrients. Moreover, found in almost all fruits and vegetables, the compounds are responsible for providing their respective colors. According to various research studies, flavonoids possess anti-inflammatory and immune system functionality, thereby classifying them as powerful antioxidants.
GLOBAL FLAVONOID MARKET FORECAST 2021-2028
Global Flavonoid Market by Application ( Nutraceuticals, Pharmaceuticals, Cosmetic Industry, Animal Feed ) Market by Type ( Anthocyanin, Flavones, Isoflavones, Flavan-3-ols, Flavonols, Anthoxanthins, Other Flavonoid Types ) by Geography.
According to Inkwood Research, the global flavonoid market is projected to register a CAGR of 4.19% during the forecast period, generating revenue of $1723.14 million by 2028. The base year considered for the market study is 2020 and the forecasting years are from 2021 to 2028.
Flavonoids include a diverse set of plant chemicals, also termed phytonutrients. Moreover, found in almost all fruits and vegetables, the compounds are responsible for providing their respective colors. According to various research studies, flavonoids possess anti-inflammatory and immune system functionality, thereby classifying them as powerful antioxidants.
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Diseases such as cancer, cardiovascular, and neurodegenerative disorders can be prevented to a greater extent through the consumption of a diet rich in flavonoids. Natural food items high in flavonoids include tea, grapes, cruciferous vegetables, strawberries, onions, grapes, and several different spices.
The numerous types of flavonoids considered in this report are anthocyanin flavones, isoflavones, flavan-3-ols, flavonols, anthoxanthins, and other types.
Key factors propelling the global flavonoid market growth:
- Potential of plant-derived flavonoids in nutraceuticals
- Use of flavonoid as an anticancer drug
- Demand for beauty and health supplements
- The demand for beauty and health products witnesses a growing trend as the awareness among consumers continues to increase.
- Consumers’ preferences are tilting towards products fortified with organic compounds like flavonoids.
- The use of flavonoids in beauty and health supplements is expected to bolster the demand for flavonoids over the forecast period.
- Untapped market of flavonoids in developing countries
Major growth restraining factors:
- Low consumer awareness of flavonoid consumption
The report on the global flavonoid market includes the segmentation analysis based on type and application. These segments are further classified to provide a detailed analysis of the studied market.
Market by Application:
- Animal Feed
- Pharmaceuticals
- Cosmetic Industry
- Nutraceuticals
- The nutraceuticals segment leads the application category across the global flavonoid market.
- Nutraceuticals are food-derived products that act as health-boosting substances. They include dietary supplements as well as functional foods and beverages.
Geographically, the global flavonoid market has been segmented based on four major regions, which includes:
- North America: The United States and Canada
- Europe: Germany, The United Kingdom, Italy, France, Belgium, Russia, Poland, and Rest of Europe
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
- Asia-Pacific is the rapidly growing contributor to the flavonoid market.
- As the fastest-growing region, the increasing production of pharmaceutical, cosmetic, and nutraceutical products is the prime factor boosting the market in the Asia-Pacific.
- Change in lifestyle and improving income levels further contribute towards the growth of these products.
- Rest of World: Latin America, the Middle East & Africa
Major market players in the global flavonoid market:
- Bordas SA
- Bioriginal Food & Science Corp
- Cayman Chemical Company
- Extrasynthese
- Foodchem International Corporation
- Indena SpA
- Others
Key strategies adopted by some of these companies:
In October 2020, Bioriginal launched a new plant-powered immune support supplement known as Immune Enhance. Immune Enhance provides effective daily support for strengthening the immune system.
Key findings of the global flavonoid market:
- Anthocyanin is the dominating type across the global flavonoid market.
- The nutraceuticals segment dominates and leads the application category.
Frequently Asked Questions & Answers (FAQs):
- Which is the fastest-growing country in the global flavonoid market?
A: India is the fastest-growing country in the global flavonoid market.
- Which is the leading type in the global flavonoid market?
A: Favonols are leading type in the global flavonoid market.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- MARKET SCOPE
- KEY DRIVERS
- POTENTIAL OF PLANT-DERIVED FLAVONOIDS IN NUTRACEUTICALS
- USE OF FLAVONOID AS AN ANTICANCER DRUG
- DEMAND FOR BEAUTY AND HEALTH SUPPLEMENTS
- UNTAPPED MARKET OF FLAVONOIDS IN DEVELOPING COUNTRIES
- KEY RESTRAINTS
- LOW CONSUMER AWARENESS OF FLAVONOID CONSUMPTION
- KEY ANALYTICS
- IMPACT OF COVID-19 ON FLAVONOID MARKET
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY APPLICATION
- NUTRACEUTICALS
- PHARMACEUTICALS
- COSMETIC INDUSTRY
- ANIMAL FEED
- MARKET BY TYPE
- ANTHOCYANIN
- FLAVONES
- ISOFLAVONES
- FLAVAN-3-OLS
- FLAVONOLS
- ANTHOXANTHINS
- OTHER FLAVONOID TYPES
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- REST OF WORLD
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- REGIONAL ANALYSIS
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- ASHLAND GLOBAL HOLDINGS
- BORDAS SA
- BIORIGINAL FOOD AND SCIENCE CORP
- CAYMAN CHEMICAL COMPANY
- EXTRASYNTHESE
- FOODCHEM INTERNATIONAL CORPORATION
- INDENA SPA
- MERCK KGAA
- QUERCEGEN PHARMACEUTICALS
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – FLAVONOID
TABLE 2: GLOBAL FLAVONOID MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: GLOBAL FLAVONOID MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: GLOBAL NUTRACEUTICALS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: GLOBAL NUTRACEUTICALS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: GLOBAL PHARMACEUTICALS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: GLOBAL PHARMACEUTICALS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: GLOBAL COSMETIC INDUSTRY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: GLOBAL COSMETIC INDUSTRY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: GLOBAL ANIMAL FEED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 11: GLOBAL ANIMAL FEED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 12: GLOBAL FLAVONOID MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 13: GLOBAL FLAVONOID MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 14: GLOBAL ANTHOCYANIN MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 15: GLOBAL ANTHOCYANIN MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 16: GLOBAL FLAVONES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 17: GLOBAL FLAVONES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 18: GLOBAL ISOFLAVONES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 19: GLOBAL ISOFLAVONES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 20: GLOBAL FLAVAN-3-OLS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 21: GLOBAL FLAVAN-3-OLS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 22: GLOBAL FLAVONOLS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 23: GLOBAL FLAVONOLS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 24: GLOBAL ANTHOXANTHINS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 25: GLOBAL ANTHOXANTHINS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 26: GLOBAL OTHER FLAVONOID TYPES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 27: GLOBAL OTHER FLAVONOID TYPES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 28: GLOBAL FLAVONOID MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 29: GLOBAL FLAVONOID MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 30: NORTH AMERICA FLAVONOID MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 31: NORTH AMERICA FLAVONOID MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 32: EUROPE FLAVONOID MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 33: EUROPE FLAVONOID MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 34: ASIA-PACIFIC FLAVONOID MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 35: ASIA-PACIFIC FLAVONOID MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 36: REST OF WORLD FLAVONOID MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 37: REST OF WORLD FLAVONOID MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 38: LIST OF MERGERS & ACQUISITIONS
TABLE 39: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 40: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 41: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: GLOBAL FLAVONOID MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 6: GLOBAL FLAVONOID MARKET, BY NUTRACEUTICALS, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL FLAVONOID MARKET, BY PHARMACEUTICALS, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL FLAVONOID MARKET, BY COSMETIC INDUSTRY, 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL FLAVONOID MARKET, BY ANIMAL FEED, 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL FLAVONOID MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
FIGURE 11: GLOBAL FLAVONOID MARKET, BY ANTHOCYANIN, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL FLAVONOID MARKET, BY FLAVONES, 2021-2028 (IN $ MILLION)
FIGURE 13: GLOBAL FLAVONOID MARKET, BY ISOFLAVONES, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL FLAVONOID MARKET, BY FLAVAN-3-OLS, 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL FLAVONOID MARKET, BY FLAVONOLS, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL FLAVONOID MARKET, BY ANTHOXANTHINS, 2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL FLAVONOID MARKET, BY OTHER FLAVONOID TYPES, 2021-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA FLAVONOID MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 19: UNITED STATES FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 20: CANADA FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 21: EUROPE FLAVONOID MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: UNITED KINGDOM FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 23: GERMANY FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 24: FRANCE FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 25: ITALY FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 26: RUSSIA FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 27: BELGIUM FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 28: POLAND FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 29: REST OF EUROPE FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 30: ASIA-PACIFIC FLAVONOID MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 31: CHINA FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 32: JAPAN FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 33: INDIA FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 34: SOUTH KOREA FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 35: INDONESIA FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 36: THAILAND FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 37: VIETNAM FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 38: AUSTRALIA & NEW ZEALAND FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 39: REST OF ASIA-PACIFIC FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 40: REST OF WORLD FLAVONOID MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 41: LATIN AMERICA FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 42: MIDDLE EAST & AFRICA FLAVONOID MARKET, 2021-2028 (IN $ MILLION)
- MARKET BY APPLICATION
- NUTRACEUTICALS
- PHARMACEUTICALS
- COSMETIC INDUSTRY
- ANIMAL FEED
- MARKET BY TYPE
- ANTHOCYANIN
- FLAVONES
- ISOFLAVONES
- FLAVAN-3-OLS
- FLAVONOLS
- ANTHOXANTHINS
- OTHER FLAVONOID TYPES
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- REST OF WORLD
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- REGIONAL ANALYSIS
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
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