Market Size of Flavonoid Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 1.29 Billion |
| Market Size (2029) | USD 1.65 Billion |
| CAGR (2024 - 2029) | 5.11 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Flavonoids Market Analysis
The Flavonoid Market size is estimated at USD 1.29 billion in 2024, and is expected to reach USD 1.65 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
Flavonoids are commonly used in cosmetics due to their positive effect on maintaining healthy and young skin. Creams and cosmetic products containing these compounds smooth and moisturize the skin, prevent wrinkles, help collagen synthesis, and protect against UV rays. The growing demand for natural and organic beauty products is driving the market. Moreover, the growing demand for convenience food products has increased the use of flavonoids. The flavonoid market has maintained its growth over the past few years due to its high level of antioxidants and beneficial anti-inflammatory factors.
Additionally, plant flavonoids have potential health benefits, which has led to their being increasingly used in the pharmaceutical and nutraceutical industries. The increased demand for nutraceuticals among consumers is thus driving the global flavonoid market. For instance, in October 2021, Layn Natural Ingredient Corp., Ltd. (Layn Natural Ingredients) announced the expansion of its portfolio of tea extracts. Layn Natural Ingredients expanded its tea extract portfolio in response to increasing consumer demands for clean-label, healthy, functional natural ingredients. Tea extracts contain scientifically supported antioxidants and other active ingredients, including flavonoids and polyphenols. Such innovations and expansions are significant to the growth of the flavonoid market. Changing consumer lifestyles and rising demand for beauty and health supplements are expected to propel flavonoid consumption over the forecast period.
