According to IndustryARC’s analyst’s evaluation, the global flavonoids market size stood at $904.2m as of 2018, and the demand is poised to grow at a CAGR of 3.78% during the forecast period 2019-2025. The IndustryARC’s recent business intelligence report titled “ [FURL=https://www.industryarc.com/PressRelease/1518/Flavonoids-Market-Research.html]Flavonoids Market[/FURL]: By Type (Chalcones, Flavones, Isoflavonens, Flavanones, Anthoxanthins, and Anthocyanins), By Application (Food & Beverages, Pharmaceutical, Animal Feed Additives, and Nutraceuticals) & Geography – Forecast (2019 - 2025)”
Global Flavonoids Market: Leading Segments
Geographically, North America had the maximum flavonoids market share of 33.70% in 2018. The U.S. is considered as a major contributor, as the largest exporter of personal care products in the world. Furthermore, the increasing demand for dietary food due to numerous preventable and non-communicable diseases such as Alzheimer’s, type 2 diabetes, obesity, and cancer is prevailing in North America. This has led to increased demand for dietary products that contain flavonoids.
Rising demand for functional, ready-to-eat, and meal kits food products owing to change in the lifestyle of the working population is boosting the food and beverage segment in the market. Moreover, the demand is augmented to grow at a CAGR of 4.10% during the aforementioned forecast period.
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Global Flavonoids Market: Market Trends and Growth Drivers
The use of flavonoids in the medical and pharmaceutical industries are augmenting with the development in the market. They are majorly used as medical agents with the production of medicines from plant biomass with alcohols, hydrogen, and glucose.
Another trend bolstering the flavonoids market is the use of ruminant nutrition to control the metabolic processes for using as the natural feed additives. The government has specified the use of rumen in a few industries, which has eventually increased the demand for flavonoids.
The growing demand for beauty and health supplements, personal care, and cosmetics is expected to propel the consumption of flavonoids. The antioxidant and soothing properties of flavonoids are extremely useful for skin care application in the cosmetic industry.
The current trend propelling in the market is the R&D regarding flavonoids that are directly related to identification, isolation, functions, and the characterization of it and ultimately their health benefits application.
Global Flavonoids Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global flavonoids market are Cayman Chemical Company, Quercegen Pharmaceuticals Inc., Toroma organics Ltd., Foodchem International Corporation, INDOFINE Chemical Company, Extrasynthese, Organic Herb Inc., Indena S.p.A, Pharmachem Laboratories Inc., and Phytocompounds.
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