Flavonoids Market Demand and Forecast by 2029
Flavonoids have antioxidant properties that can help prevent conditions such as cancer, cardiovascular disease, diabetes, and cognitive disorders like dementia and Alzheimer's.
On a global scale, consumers are becoming acutely aware about the benefits of consuming nutritional food. At the same time, the prevalence of chronic diseases and metabolic disorders has been steadily rising. This social scenario has propelled health-conscious individuals to include functional foods and nutraceuticals in their diets. In this context, the global consumption of nutrient-rich foods containing flavonoids has been on an increase. Flavonoids are extensively used in the food and beverages industry owing to their anti-inflammatory, antioxidative, and antimicrobial properties. During the forecast period, the diverse applications of flavonoids in nutraceuticals, cosmetics, functional foods, pharmaceuticals, and beverages are poised to cultivate fresh opportunities in the global flavonoids market. Given this promising business landscape, prominent players in the flavonoids market will engage in robust innovation, M&A, and strategic ventures.
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Greater Healthcare Awareness Positively Influences Demand in Flavonoids Market
In recent years, the global acceptance and incorporation of nutraceuticals and functional foods has been increasing due to greater awareness about lifestyle disorders. This has positively influenced the demand for flavonoids in functional food products owing to their health benefits, including anti-inflammatory effects and support for skin health. Flavonoids have antioxidant properties that can help prevent conditions such as cancer, cardiovascular disease, diabetes, and cognitive disorders like dementia and Alzheimer's. Amid the growing incidence of heart diseases, diabetes, and their associated problems, the demand for products that reduce pain, lower cholesterol, and provide anti-inflammatory effects is expected to increase. Consequently, these factors are poised to significantly augment the demand for flavonoids, creating new growth prospects in the flavonoids market.
Usage in Functional Foods, and Herbal Medicines to Soar Demand for Anthocyanin in Flavonoids Market
Based on type, the global flavonoids market is segmented into Isoflavones, Flavones, anthoxanthin, anthocyanin, flavanols, and flavan-3-ols. Among these, the demand for anthocyanins is expected to notably increase due to their functional benefits. Anthocyanins are commonly used in the food and beverage industry for their colouring properties and are also an essential ingredient in functional foods. Moreover, anthocyanin is also utilised in traditional herbal medicine for their beneficial physiological properties that may treat various conditions such as fever, hypertension, dysentery, common cold, urinary problems, diarrhoea, and liver disorders. Such versatile applications of anthocyanin are expected to generate promising growth opportunities in the global flavonoids market.
Diverse Application in Food & Beverages Industry Puts Asia Pacific at the Top of Flavonoids Market
In the Asia Pacific, the growing demand for flavonoids in the food and beverages industry is a key factor expanding its flavonoids market. Asia Pacific has been witnessing an increase in the incidence of chronic diseases. This has indirectly impacted the demand for flavonoids, enabling Asia Pacific’s flavonoids market to attain robust maturity. On the other hand, North America is predicted to show significant potential for flavonoids due to the high prevalence of cardiovascular disorders and obesity along with higher consumption of functional foods.
Key Market Players
Some major players in the global flavonoids market include Extrasynthese, Foodchem International Corporation, Indena S.p.A, Cayman Chemical Company, INDOFINE Chemical Company Inc., Merck KGaA, Pharmachem Laboratories Inc., Quercegen Pharmaceuticals, and Toroma Organics Ltd.
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