The global flavonoid market was valued at $1,672.2 million in 2022, and is projected to reach $2,926.7 million by 2032, registering a CAGR of 5.8% from 2023 to 2032.
The flavonoid market encompasses the commercial activities related to the cultivation, extraction, processing, and distribution of flavonoid compounds found in plants. They are majorly responsible for the pigments or colors in vegetables, fruits and flowers. The flavonoid market is analyzed based on its prospects and future growth rate. The report highlights numerous factors that influence the growth of the market.
Flavonoid is largely used in the nutraceuticals industry. This is attributed to the high consumption and demand for nutraceutical supplements containing flavonoid such as isoflavones and anthocyanidins. Flavonoid as a dietary supplement is available in various formats that include capsules, liquid, and chewable tablets. Flavonoid helps to prevent or treat certain heart conditions, diabetes, viral infection and other medical conditions. Thus, the aforementioned factors have driven the adoption of flavonoids such as anthocyanidins and isoflavones in the nutraceutical industry in terms of value sales. This in turn is propelling the growth of the overall flavonoid market globally.
Flavonoid in the pharmaceutical industry is used for it has polyphenolic structure, used for different pharmacological activities. The flavonoid acts as an antioxidant due to the presence of Hydroxyl groups. The flavonoid helps in preventing radicals that lead to oxidative stress and it also helps in treating various diseases including cardiovascular disease, cancer, arthritis, respiratory disorders, and early ageing. Thus, this in turn has propelled the demand for flavonoids such as flavones, isoflavones, anthocyanidins and others from the pharmaceuticals industry. This, in turn, has bolstered the growth of the overall flavonoid market in terms of value sales.
The usage of flavonoid as an ingredient in the cosmetic industry is significantly rising at a steady pace. This is attributed to various skin benefits associated with the use of flavonoids in various cosmetic products. Flavonoids are an important ingredient in cosmetics as they offer antioxidant protection and also protect skin from UV radiation. Moreover, flavonoids also have anti-viral, anti-carcinogenic, antiallergic, and anti-inflammatory properties. Thus, flavonoid protects skin from environmental stressors, energizes skin, helps skin to retain moisture, fights dullness and tightens up skin, reduces the appearance of wrinkles, and others. Thus, these benefits offered by flavonoid as an ingredient in cosmetics have increased its adoption among the manufacturers of the cosmetics industry, which, in turn, has propelled the growth of the overall flavonoid market in terms of value sales.
Pharmaceutical applications are boosting flavonoid market demand by driving research into their therapeutic potential for various health conditions. As studies explore flavonoids' efficacy in areas such as cardiovascular health and cancer prevention, pharmaceutical companies are increasingly interested in developing flavonoid-based drugs, expanding the market by leveraging their medicinal properties. Moreover, clean-label product trends, emphasizing natural ingredients and transparency, boost flavonoid market demand. Consumers prefer flavonoids over synthetic additives, seeking healthier choices. Manufacturers respond by incorporating flavonoid-rich, natural ingredients, aligning with clean label preferences, and fostering greater consumer trust in product quality, ultimately propelling flavonoid market growth.
The COVID-19 pandemic has underscored the significance of health and immune system support, resulting in a heightened consumer interest in products offering potential health benefits, including those containing flavonoids. This renewed focus on wellness has driven demand for flavonoid-rich foods and supplements. Consumers seek functional foods and beverages offering health benefits beyond basic nutrition. Manufacturers have responded by incorporating flavonoid-rich ingredients into products, such as antioxidant-infused beverages and fortified snacks, thus driving the market growth.
The global flavonoid market is segmented on the basis of product type, form, application, and region. By product type, it is classified into isoflavones, anthocyanin, and others. By form, the market is bifurcated into powder and liquid. By application, it is divided into pharmaceuticals, nutraceuticals, food & beverages, and cosmetics. Region-wise, the market is analyzed across North America (the U.S., Canada and Mexico), Europe (France, Germany, Italy, Spain, U.K., Netherland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).
Companies can operate their business in a highly competitive market by launching new products or updated versions of existing products. Agreement with key stakeholders is expected to be a key strategy to sustain the market. In recent years, many leading players opted for partnership as its key strategy to strengthen their foothold in the market. To understand the key flavonoid market trends, the strategies of leading players are analyzed in the report. Some of the key players in the flavonoid market analysis include BASF SE, Ingredients By Nature, Foodchem International Corporation, Conagen, Inc., Bordas S.A., Cayman Chemical Company, Biosynth AG, Santa Cruz Biotechnology, Inc., Archer-Daniels-Midland Company, and Givaudan SA
The flavonoid market encompasses the commercial activities related to the cultivation, extraction, processing, and distribution of flavonoid compounds found in plants. They are majorly responsible for the pigments or colors in vegetables, fruits and flowers. The flavonoid market is analyzed based on its prospects and future growth rate. The report highlights numerous factors that influence the growth of the market.
Flavonoid is largely used in the nutraceuticals industry. This is attributed to the high consumption and demand for nutraceutical supplements containing flavonoid such as isoflavones and anthocyanidins. Flavonoid as a dietary supplement is available in various formats that include capsules, liquid, and chewable tablets. Flavonoid helps to prevent or treat certain heart conditions, diabetes, viral infection and other medical conditions. Thus, the aforementioned factors have driven the adoption of flavonoids such as anthocyanidins and isoflavones in the nutraceutical industry in terms of value sales. This in turn is propelling the growth of the overall flavonoid market globally.
Flavonoid in the pharmaceutical industry is used for it has polyphenolic structure, used for different pharmacological activities. The flavonoid acts as an antioxidant due to the presence of Hydroxyl groups. The flavonoid helps in preventing radicals that lead to oxidative stress and it also helps in treating various diseases including cardiovascular disease, cancer, arthritis, respiratory disorders, and early ageing. Thus, this in turn has propelled the demand for flavonoids such as flavones, isoflavones, anthocyanidins and others from the pharmaceuticals industry. This, in turn, has bolstered the growth of the overall flavonoid market in terms of value sales.
The usage of flavonoid as an ingredient in the cosmetic industry is significantly rising at a steady pace. This is attributed to various skin benefits associated with the use of flavonoids in various cosmetic products. Flavonoids are an important ingredient in cosmetics as they offer antioxidant protection and also protect skin from UV radiation. Moreover, flavonoids also have anti-viral, anti-carcinogenic, antiallergic, and anti-inflammatory properties. Thus, flavonoid protects skin from environmental stressors, energizes skin, helps skin to retain moisture, fights dullness and tightens up skin, reduces the appearance of wrinkles, and others. Thus, these benefits offered by flavonoid as an ingredient in cosmetics have increased its adoption among the manufacturers of the cosmetics industry, which, in turn, has propelled the growth of the overall flavonoid market in terms of value sales.
Pharmaceutical applications are boosting flavonoid market demand by driving research into their therapeutic potential for various health conditions. As studies explore flavonoids' efficacy in areas such as cardiovascular health and cancer prevention, pharmaceutical companies are increasingly interested in developing flavonoid-based drugs, expanding the market by leveraging their medicinal properties. Moreover, clean-label product trends, emphasizing natural ingredients and transparency, boost flavonoid market demand. Consumers prefer flavonoids over synthetic additives, seeking healthier choices. Manufacturers respond by incorporating flavonoid-rich, natural ingredients, aligning with clean label preferences, and fostering greater consumer trust in product quality, ultimately propelling flavonoid market growth.
The COVID-19 pandemic has underscored the significance of health and immune system support, resulting in a heightened consumer interest in products offering potential health benefits, including those containing flavonoids. This renewed focus on wellness has driven demand for flavonoid-rich foods and supplements. Consumers seek functional foods and beverages offering health benefits beyond basic nutrition. Manufacturers have responded by incorporating flavonoid-rich ingredients into products, such as antioxidant-infused beverages and fortified snacks, thus driving the market growth.
The global flavonoid market is segmented on the basis of product type, form, application, and region. By product type, it is classified into isoflavones, anthocyanin, and others. By form, the market is bifurcated into powder and liquid. By application, it is divided into pharmaceuticals, nutraceuticals, food & beverages, and cosmetics. Region-wise, the market is analyzed across North America (the U.S., Canada and Mexico), Europe (France, Germany, Italy, Spain, U.K., Netherland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).
Companies can operate their business in a highly competitive market by launching new products or updated versions of existing products. Agreement with key stakeholders is expected to be a key strategy to sustain the market. In recent years, many leading players opted for partnership as its key strategy to strengthen their foothold in the market. To understand the key flavonoid market trends, the strategies of leading players are analyzed in the report. Some of the key players in the flavonoid market analysis include BASF SE, Ingredients By Nature, Foodchem International Corporation, Conagen, Inc., Bordas S.A., Cayman Chemical Company, Biosynth AG, Santa Cruz Biotechnology, Inc., Archer-Daniels-Midland Company, and Givaudan SA
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flavonoid market analysis from 2022 to 2032 to identify the prevailing flavonoid market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flavonoid market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global flavonoid market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Senario Analysis & Growth Trend Comparision
- Supply Chain Analysis & Vendor Margins
- Consumer Preference and Product Specifications
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Historic market data
Key Market Segments
By Product Type
- Isoflavones
- Anthocyanin
- Others
By Form
- Powder
- Liquid
By Application
- Pharmaceuticals
- Nutraceuticals
- Cosmetics
- Food and Beverages
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Argentina
- Rest of LAMEA
- Key Market Players
- BASF SE
- Cayman Chemical Company
- Conagen, Inc.
- Ingredients By Nature
- Bordas S.A.
- Foodchem International Corporation
- Archer-Daniels-Midland Company
- Givaudan SA
- Biosynth AG
- Santa Cruz Biotechnology, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLAVONOID MARKET, BY PRODUCT TYPE
CHAPTER 5: FLAVONOID MARKET, BY FORM
CHAPTER 6: FLAVONOID MARKET, BY APPLICATION
CHAPTER 7: FLAVONOID MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the flavonoid market was valued at $1.7 billion in 2022, and is estimated to reach $2.9 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032.Flavonoid is one of the categories of plant polyphenols which has antioxidant properties. They are majorly responsible for the pigments or colors in vegetables, fruits, and flowers. In plants, these colors protect the plants from environmental stress as flavonoids are potent with antioxidants. Flavonoids are also industrially manufactured, mainly by product types including isoflavones, anthocyanin, and others. Flavonoid is largely used in the nutraceuticals industry. This is attributed to the high consumption and demand for nutraceutical supplements containing flavonoids such as isoflavones and anthocyanidins, which in turn is driving the growth of the market.
In addition, flavonoid in the pharmaceutical industry is used for its polyphenolic structure, for different pharmacological activities. This in turn is also propelling the growth of the market. However, lack of consumer awareness regarding availability of flavonoid as a dietary supplement is restricting the growth of the market. Nevertheless, an upsurge in the usage of flavonoids in the food & beverages industry is expected to offer huge opportunities for the growth of the market during the forecast period.
Increasing health consciousness drives the demand for flavonoids as consumers actively seek natural and health-promoting solutions. Flavonoids' well-documented antioxidant and anti-inflammatory properties make them attractive additions to diets and supplements, spurring market growth as individuals prioritize wellness through flavonoid-rich products. Functional food and beverages fortified with flavonoids are in high demand as consumers seek healthier dietary choices. These products offer convenience and a tasty way to incorporate flavonoid benefits such as antioxidants into daily routines. The market responds with innovative flavonoid-fortified options, boosting the overall demand for flavonoid-rich ingredients.
The introduction of dietary supplements containing flavonoids into previously untapped markets amplifies the demand for the flavonoid market. As consumers increasingly seek wellness-oriented products, these supplements offer a convenient way to access the health benefits of flavonoids, fueling market growth and expanding its reach to new consumer segments and regions. Genetic testing and advanced technology enable consumers to identify specific dietary needs, increasing demand for flavonoid supplements that address individual health concerns. This trend fosters a deeper connection between consumers and flavonoid-rich products, driving market expansion.
Protein supplement and protein-based food products are still in nascent stages in various developing regions of Africa such as Zimbabwe, Burundi, Liberia, and Eritea. These are still untapped, which presents a remunerative opportunity for the manufacturers of animal protein supplements such as egg protein supplement and dairy protein supplement. Moreover, consumers in these regions are becoming aware of the benefits regarding protein supplements, which are expected to provide lucrative opportunities for the market.
The usage of flavonoid as an ingredient in the cosmetic industry is significantly rising at a steady pace. This is attributed to various skin benefits associated with the use of flavonoids in various cosmetic products. Flavonoids are an important ingredient in cosmetics as they offer antioxidant protection and also protect skin from UV radiation. Moreover, flavonoids also have anti-viral, anti-carcinogenic, antiallergic, and anti-inflammatory properties. Thus, flavonoid protects skin from environmental stressors, energizes skin, helps skin to retain moisture, fights dullness and tightens up skin, reduces the appearance of wrinkles, and others. Thus, these benefits offered by flavonoid as an ingredient in cosmetics have increased its adoption among the manufacturers of the cosmetics industry, which, in turn, has propelled the growth of the overall flavonoid market in terms of value sales.
The flavonoid market is segmented into product type, form, application, and region. By product type, it is classified into isoflavones, anthocyanin and others. By form, the market is bifurcated into powder and liquid. By application, it is divided into pharmaceuticals, nutraceuticals, food & beverages and cosmetics. Region-wise, the market is analyzed across North America (the U.S., Canada and Mexico), Europe (France, Germany, Italy, Spain, the UK., the Netherlands, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).
By product type, the isoflavones segment accounted for the highest flavonoid market share in 2022. Isoflavones are a type of organic compound and are one of the types of flavonoids. They are used in the production of cosmetics and various skin care products such as moisturizers and face creams. Moreover, isoflavones are also widely used in the pharmaceutical industry to treat a variety of diseases. This in turn has driven the growth of the overall flavonoid market. However, the anthocyanin segment in the flavonoid market is expected to be the fastest-growing segment during the forecast period in terms of value sales.
By form, the powder segment accounted for the highest market share in the global flavonoid market in 2022 and is also expected to retain its dominance during the forecast period. The flavonoids available in powdered formats are majorly used in the pharmaceuticals industry, are also used in functional food and are available as phytoestrogen supplements, which are contributing to driving the growth of the market. However, a liquid segment in the flavonoid market is expected to be the fastest-growing segment during the forecast period in terms of value sales.
By application, the pharmaceuticals segment accounted for the highest market share in the global flavonoid market in 2022 and is also expected to retain its dominance during the forecast period. This is mainly because flavonoid is an immunity-boosting enzyme that reduces the possibility of cancer, cardiovascular disease, and others. Thus, this has driven the demand for flavonoids used in the pharmaceuticals industry. However, the food & beverages segment in the flavonoid market is expected to be the fastest-growing segment during the forecast period in terms of value sales.
North America accounted for the highest market share in 2022, owing to the consumption of flavonoid as a supplement increasing among the consumers in this region. This is mainly due to high incidences of diseases, such as high cholesterol, high blood pressure, coronary heart diseases, atherosclerosis, and congestive heart failure. Flavonoid helps protect the heart and blood vessels from getting damaged. Therefore, North America has created a prolific flavonoid market demand over a period. However, Asia-Pacific is expected to be the fastest-growing market during the market forecast period.
Some of the key players in the flavonoid market analysis include BASF SE, Ingredients By Nature, Foodchem International Corporation, Conagen, Inc., Bordas S.A., Cayman Chemical Company, Biosynth AG, Santa Cruz Biotechnology, Inc., Archer-Daniels-Midland Company, and Givaudan SA,
Companies Mentioned
- BASF SE
- Cayman Chemical Company
- Conagen, Inc.
- Ingredients By Nature
- Bordas S.A.
- Foodchem International Corporation
- Archer-Daniels-Midland Company
- Givaudan SA
- Biosynth AG
- Santa Cruz Biotechnology, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
