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Flavanoids Market based On, Price Analysis, Supply Chain Analysis, Porters Five Force Analysis – Forecast to 2023
Flavanoids are essential plant pigment which are concentrated in plant parts and these are similar to flavone. They are polyphenolic compounds that are available in natural sources. Increasing popularity of its health benefits due to its functional properties such as antiviral, antiallergic, antiplatelet, anti-inflammatory, antitumor and antioxidant; are driving sales of the flavonoids market. Globally the market of flavonoids is growing at the rate of about 3% since 2016 and it is expected to continue this growth till 2022. Among various functional properties of flavonoids, it being antioxidant is quite in trending mainly since along with thee it also has vitamin C, vitamin E, selenium, and carotenoids which makes it nutritious.
Flavanoids market has been segmented on the basis of numerous things which includes, by type which are anthoxanthins, flavanones, flavanonols, flavans, anthocyanidins, isoflavonoids and others. On the basis of source, market is segmented into parsley, blueberries, black tea, citrus, wine, cocoa, and others. On the basis of application, the market is classified into weight management food & beverages, cardiac health food & beverages, diabetic health food & beverages, cancer health food & beverages and others.
Key players listed in the flavonoids market are Flavon Group LLC. (Hungary), Foodchem International Corporation (China), Cayman Chemical Company (U.S.), Alchem International Ltd (India), Triveni Interchem Pvt. Ltd (India), Sigmaaldrich (U.S.), Wako Pure Chemical Industries, Ltd. (Japan), and Toroma Organics Ltd (Spain)
Regional Analysis: The global flavonoids market is spread all over the world; regions which generates maximum revenue to this market includes North America, Europe and Asia Pacific. In North America transactions related to this market is maximum due to the presence of functional food and beverages in this region, which is responsible for maximum application of flavonoids. Higher demand for dietary supplements and natural nutrition which has nutritional ingredients which provides medical benefits will drive high demand for flavonoids in the western parts of the world including North America and European regions. Increase in health awareness and awareness about nutritional benefit of flavonoids products is encouraging sales of flavonoids based products in the Asia-Pacifica region.
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