Flavonoid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The global Flavonoid market is projected to grow at a CAGR of 3.9 % during the forecast period (2022-2027).

The demand for flavonoid was high at the time of COVID-19 as flavonoid were highly used in dietary supplements as people were conscious of their health and wellness with this outbreak, and as flavonoid contains nutritional and health benefits, these were high in demand. The flavonoids industries play a major role in maintaining the economic growth of countries at the time of COVID-19and several giant manufacturers were boosting the market by launching new products and solutions, systematic approaches towards investment, and continuously working on R&D budgets.

Changing consumer lifestyles and rising demand for beauty & health supplements are expected to propel flavonoid consumption over the forecast period. The growing demand for convenience food products has increased the use of flavonoids in functional food. There is a growing demand for natural and organic beauty products. The flavonoid market was maintaining its growth at the time of COVID-19 due to its high level of antioxidants and beneficial anti-inflammatory factors. It is highly recommended in the market.

Flavonoids are commonly used in cosmetics due to their positive effect on maintaining skin healthy and young. Creams and cosmetic products containing these compounds smoothen the skin and moisturize it, prevent wrinkles, help in collagen synthesis, have anti-edema properties, and protect against UV rays. The market is driven by the growing consumer demand for nutraceuticals, which holds potential for plant flavonoids. Thus, the launch of various products in the cosmetics industry is expected to have higher growth as the demand for cosmetic products is always high in developing countries.

Scope of the Report

Flavonoids can be defined as a species of polyphenolic lower-level metabolites originating from plants that are consumed in dietary foods. The global flavonoid market Market is segmented by types into flavanone, anthocyanin, Flavan-3-ols, flavonol, Anthoxanthin, and Isoflavones. Further, the market has been segmented by application into Nutraceutical, Pharmaceutical, Cosmetics, and Animal Feed. Also, the study provides an analysis of the nutraceutical ingredients market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers market size and forecast of the Flavonoid market in value (USD million) for all the above segments.

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Key Market Trends

Flavonoid Application Used in Anti-Cancer Drug​

The increasing use of anthocyanin as a coloring agent in the food & beverage industry is the major driving factor. Various studies have depicted that scientists of various countries have suspected catechins might be useful in aiding chronic fatigue syndrome symptoms. Catechins are also associated with cardiovascular and neurological health. ​The rising interest in dietary flavonoids owing to their beneficial health factors comes up from the consumption of vegetables and fruits led to the producers of food commodities filled with flavonoids. Though flavonoids exhibit powerful antioxidant activity, they exist in a relatively low concentration in the bloodstream when compared to antioxidants, like vitamin C and vitamin E, according to World’s Healthiest Foods. This may lower their overall antioxidant power and, thus, lessen their cancer-fighting effects. ​ Flavonoids are used in numerous applications such as functional food and beverages, nutraceuticals, cosmetics, and pharmaceuticals. In animal systems, plant-produced flavonoids are important dietary components and are known to possess a broad range of properties, including antibacterial, antifungal, antiviral, and anticancer properties.

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