North America to Dominate Flavonoid Market During Forecast Period
Increasing demand for
flavonoids from end user industries is expected to drive the growth of global flavonoid
market
According
to TechSci Research report, “Global Flavonoid
Market By Type, By Application, By Form, By Region, Competition, Forecast
& Opportunities, 2025”, global
flavonoid market is expected to witness a steady CAGR during the forecast
period. Changing consumer lifestyles is
one of the major factors accounting for the growth of global
flavonoid market. Moreover, rising demand for beauty & health supplements
is expected to bode well for the growth of global flavonoid market through the
forecast period. In addition to this surging
need of convenience food products has resulted in extensive use of flavonoids
in functional food, which is positively influencing the growth of global flavonoid
market. Also, rising requirement for natural and organic beauty products is
making headway for the growth of global flavonoid market. Along with this,
development and launch of numerous products in the cosmetics industry, is expected
to positively contribute to the market growth in the next 5 years.
Additionally, flavonoid is useful in inhibiting cancer cell growth, having anti-microbial
action and cure stomach ulcers, therefore preventing infections. Diets
including foods that are rich in flavonoid is well known for its use in
prevention of health issues, like neurodegenerative and cardiovascular
diseases, due to which the global flavonoids market is expected to rev up
during the forecast period. Also, the consumers are focusing more towards consuming
nutritious food owing to rising concerns pertaining to the variety of diseases
including obesity, diabetes, blood pressure, and cancer, which is expected to
propel the growth of the market in the next 5 years.
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Global
flavonoid market can be segmented based on type, application, form, company and
region. Considering the application, the market is fragmented into functional
beverages, functional food, dietary supplements and others. The functional beverages
segment dominated the global flavonoid market in terms of largest market share
until 2019 and is further anticipated to maintain its dominance during the
forecast period as well which can be accredited to the fact it improves the metabolic
processes in the myocardium, thereby inhibiting thrombus formation. In addition
to this, consumption of flavonoid-containing drinks provides certain benefits
such as it is helpful in stimulating the immune system, reduce the teratogenic
mutagenic carcinogenic effect, and controlling the adversity of anthropogenesis,
thereby augmenting the product demand across the globe.
Cayman Chemical Company, Quercegen
Pharmaceutical, Foodchem International Corporation, INDOFINE Chemical Company,
Inc., Extrasynthese, Toroma organics Ltd, Pharmachem Laboratories Inc., Organic
Herb Inc., Phytocompounds, Indena S.p.A, Merck KGaA, Flavon International Ltd, Alchem
International Pvt. Ltd, Triveni Interchem Private Limited, Sigma-Aldrich are
among others are the leading players operating in global flavonoid market. The
players are adopting several growth strategies to enhance the market scenario
of flavonoid. Other competitive strategies include product launches; mergers
& acquisitions; agreements, partnerships, and collaborations; and
expansions to diverse their product portfolio in order to strengthen their
market position.
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“North America is forecast to dominate the global flavonoid market during
next five years on account of high prevalence of various preventable,
diet-related chronic ailments including cardiovascular diseases, overweight, type
2 diabetes and obesity in the region. Furthermore, increasing health
consciousness among the consumers is also contributing to the growing trend. Additionally,
growing consumption of nutraceutical products is further boosting the market
growth. Along with this, high youth population coupled with surging popularity
of sports in the region is further expected to have a positive impact on this
industry over the coming years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Flavonoid Market By Type, By Application, By
Form, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global flavonoid
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global flavonoid market.
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