Global Flavonoids Market - 2020-2027
発行: DataM Intelligence
ページ情報: 英文 180 Pages
Flavonoids are metabolites that are used as food additives/ingredients in various applications due to their ability of providing antioxidant and cell gesturing pathways. These metabolites are commonly present in a wide variety of fruits and vegetables. These ingredients are soluble in water and their structure consists of 15-carbon atoms. Flavonoids possess some health benefits, coloring, and UV protective properties which makes it ideal for the use for the dietary supplements, food, pharmaceutical, and cosmetic purposes.
The global flavonoids market size was worth US$ XX billion in 2019 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
The growth in changing consumer lifestyles and rising demand for beauty & health supplements are expected to drive flavonoids consumption over the forecast period. Futhermore, the growing demand for the ease of food products has increased the use of flavonoids in functional food. Thus, there is growing demand for natural and organic beauty and health products.
However, the diets, as well as flavonoid-rich foods, can prevent health problems such as neurodegenerative and blood diseases, which are expected to increase the global demand for flavonoids during the forecast period.The availability of different products in the cosmetics industry is expected to have a positive impact on the market, is driven through growing consumer demand for the impact on the flavonoid market as well.
The growing demand of convenience food products has increased the use of flavonoids in functional food
Consider the current market, rising demand for convenience food products has increased utilization of flavonoids in functional food. It has the ingredients that offer health benefits that extend beyond their nutritional value. Some types contain supplements or other additional ingredients designed to improve health. Such foods are fortified with vitamins, minerals, probiotics, or fiber. Nutrient-rich ingredients like fruits, vegetables, nuts, seeds, and grains are often considered functional foods as well. Food & beverage market growth is due to nutritional diet awareness, enhanced quality & taste food, and rising purchase parity among population during the forecast period.
Changing consumer lifestyles and rising demand
Changing lifestyles of consumers and growing demand for beauty & health supplements are expected to drive the growth of flavonoids consumption. Moreover, smoothing and antioxidant properties allow it to be used in the cosmetics industry for skin care applications. Flavonoids prevent cancer cell growth, cure stomach ulcers and have anti-microbial properties, thus, preventing infections. Further, the application of flavonoid in the anti-cancer drug is expected to be one of the major factors driving the market. .Moreover, leveling and antioxidant properties allow it to be used in the cosmetics industry for skin care applications. These are also being used to develop drugs for the treatment of various other diseases including diabetes and cardiovascular problems, prevailing worldwide, further increasing demand.
COVID-19 Impact Analysis
COVID-19 pandemic affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. The lockdown policies have strengthened the demand for food & beverage products across the globe. Therefore, the manufacturers are focusing on investing to increase the production capabilities to meet the global market's updated demand.
Despite the pandemic, there is growth in the overall food & beverage products and nutrition products, which is expected to drive the flavonoids market size in the global market during the forecast period.
Based on the type, the flavonoids market has been classified into anthocyanin, flavones, flavan-3-ols, flavonol, anthoxanthin and isoflavones.
Anthocyanins Accounted For The Major Share in the Flavonoid Market.
In 2019, the anthocyanins, anthoxanthins and flavones were some of the most common types of flavonoids consumed. Anthocyanins reported for the highest market share in the flavonoid market in 2019. Increasing use of anthocyanin, as a coloring mediator in the food & beverage industry, is the major driving factor. Flavonoids are used in numerous applications such as functional food and beverages, nutraceuticals, cosmetics and pharmaceuticals. Also the functional food held the largest market share, in terms of value. In animal systems, plant-produced flavonoids are important dietary components, and are known to have a wide-ranging range of properties including antibacterial, antifungal, antiviral, and anticancer properties.
Based on the application, the flavonoids market has been classified into functional foods, functional beverages, pharmaceuticals, animal feed, nutraceuticals and others.
Flavonoids as Nutraceuticals Dominated The Market
Phenolic compounds form one of the main classes of secondary metabolites. They display a large range of structures and are responsible for the major organoleptic characteristics of plant-derived foods and beverages, particularly color and taste properties. They also contribute to the nutritional qualities of fruits and vegetables. Among these compounds, flavonoids constitute one of the most universal groups of plant phenolics. Owing to their importance in food organoleptic properties and human health, a better understanding of their structures and biological activities indicates their potential as healing agents and also for predicting and controlling food quality. Due to the variety of pharmacological activities in the mammalian body, flavonoids are more correctly referred as "nutraceuticals", and accounted for the largest market share.
Based on geography, the study analyzes the flavonoids market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America was the largest market in terms of value
North America was the largest market in terms of value followed by Europe. Several preventable, diet-related long-lasting disorders including heart diseases, heavy, type 2 diabetes and overweightness are highly dominant in this region. Further, these health issues have increased the demand for flavonoids. The rapidly rising food & beverage market, in North America contributes to the growth of flavonoids in the region.
The flavonoids market is highly competitive, owing to the focusing on new product development and also focusing on R&D. Thus, an increase in the product consumption is expected during the forecast period. The key flavonoids players which are contributing to the growth of the global market include Cayman Chemical, Foodchem International Corporation, Merck KGaA, Indena S.p.A., Quercegen Pharmaceuticals, INDOFINE Chemical, Inc., Extrasynthese, Toroma organics Ltd, Pharmachem Laboratories Inc., Organic Herb Inc. The market payers from flavonoid's market are anticipated to witness lucrative growth opportunities in the future with the rising demand for flavonoids in the global market.
Overview: Cayman Chemical is engaged in the production of antibodies, biochemicals, caymen gear, equipments and products. The company provides chemicals that are used primarily by universities and pharmaceutical companies for research and the development of medicines, also it designs and discovers the drug. It has operations in Africa, Asia Pacific, Central and Eastern Europe, Latin America, Middle East, North America, and Western Europe. Cayman chemical is headquartered in Ann Arbor, Michigan and United States.
Product Portfolio: The Company's portfolio comprises flavonoid products, flavor products, mixes and blends, nutrition and health products, ingredients for animal feed, and other services.
The global flavonoids market report would provide access to an approx. 45 market data table, 51 figures and 220 pages.
LIST NOT EXHAUSTIVE