is likely to witness steady gains in the forecast period owing to its strong
application outlook in functional food & beverages and dietary supplements.
Flavonoids are water soluble compounds which are essential pigments for
producing colours in fruits, vegetables flowers and leaves.
Flavonoids are a subclass of
polyphenols molecules consisting of 15 carbon atoms majorly found in plants. Flavonoids
are required in plants for UV filtration, insect protection, cell cycle
inhibition, and nitrogen fixation. These are majorly present in various food
sources such as grains, nuts, beans, grapes, strawberries, broccoli, citrus
fruits, peppers, dills, and chocolates. Flavonoids are also found in beverages
including tea and red wine providing various health benefits.
Global functional food market
was over 120 billion in 2016 and is likely to exceed USD 250 billion by 2024
owing to presence of various minerals, vitamins and amino acids providing health
benefits and overall wellbeing. Flavonoids are present in various functional
food & beverages and dietary supplements.
Increasing health care
awareness along with prevention of disorders, rising disposable income and increasing
working population will drive flavonoids market demand. Flavonoid rich foods
help in reducing the risk of various diseases such as heart, cancer and other chronic
diseases owing to high content of antioxidant which prevents body from free radical
damage occurring from the exposure of certain chemicals, pollution and smoking.
Rapid urbanization and rising middle class population will spur the demand for functional
food and beverages containing flavonoids thereby stimulating market growth.
Growing demand for convenience
food products such as frozen, dried and canned food has given rise to high
utilization of flavonoids in functional food. Changing lifestyle patterns and increasing
demand for dietary supplements will stimulate the consumption of flavonoids
thereby driving market growth.
Global skin care products industry
was valued at over USD 130 billion in 2017 and is expected to reach USD 180
billion by 2024 owing to increasing spending on personal care, and rising popularity
of grooming products among youngsters. Flavonoids are used in cosmetics such as
creams and moisturizers for their antioxidants and soothing properties. These compounds
have positive effect on maintaining healthy skin and moisturize it. It also helps in preventing formulation of
wrinkles and provides protection against harmful ultra violet rays. Shifting trends
of consumers towards healthy and beneficial content in the cosmetics will drive
the market growth for flavonoids.
North America driven by U.S and
Canada flavonoids market size should register significant growth owing to increasing
personal care industry demand. U.S is one of the largest exporters of personal
care products in the world exceeding export value at over USD 15 billion in
2016. Strong economic growth along with changing lifestyle patterns may propel
regional industry growth. Strong R&D investments in personal care products
may lead to consumption of high quality products thereby stimulating market
Asia-Pacific led by India,
China, Japan and South Korea flavonoids market size may witness significant
growth over the fore coming years. Rising consumer awareness on health and
fitness has given rise to consumption of functional food and beverages in this
region. Moreover, increasing consumption of processed foods across various
developing regions of Asia-Pacific such as China and India have majorly
impacted the food patterns of consumers in this region. Flavonoids are present in
functional food and dietary supplements providing high benefits to the body and
promoting overall wellbeing.
Europe led by U.K, Germany,
Spain and France flavonoids market size may register significant gains over the
forecast period. Western European countries such as UK and Netherlands are highly
engaged in the production and processing of tea. Tea consumption in Europe was
valued at over 200 thousand tonnes in 2016 owing to rich British culture and high
popularity of tea since 16th century. UK drinks around 165 million cups per day
which accounts to 62 billion cups per year. Tea leaves generally contains a subgroup
called polyphenols which includes flavonoids and antioxidants providing various
health benefits and protection of heart and cardiovascular diseases. Other benefits
of flavonoids present in tea includes reduced blood pressure, blood cholesterol
concentrations and oxidative damage which is expected to drive regional
Middle East, led by UAE and
Saudi Arabia flavonoids market demand is likely to witness steady gains owing
to rising awareness regarding beneficial usage of flavonoids, increasing incidences
of various disorders and growing food & beverage industry in Brazil will
drive the market demand for flavonoids.
Global flavonoids market
share is moderately fragmented with key industry participants including Foodchem
International Corporation, Cayman Chemical, EXTRASYNTHESE, Quercegen
Pharmaceuticals Inc., INDOFINE Chemical Company, Inc., Toroma organics Ltd., Pharmachem
Laboratories Inc., and Indena S.p.A. Most of industry participants are engaged
in strengthening their global presence and enhancing their product portfolio by
strategic acquisitions and partnerships.