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Global Flavonoid Market Is Anticipated To Progress With A CAGR Of 4.19% During The Forecast Period 2021-2028

04-19-2021 05:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

Flavonoid Market

Flavonoid Market

KEY FINDINGS
The global flavonoid market is anticipated to progress with a CAGR of 4.19% during the forecast period of 2021 to 2028. Factors such as the use of flavonoids as an anticancer drug, the potential of plant-derived flavonoids in nutraceuticals, the demand for beauty and health supplements, and untapped markets across developing nations are among the key factors associated with the global market’s growth.

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MARKET INSIGHTS
Flavanols are characterized as a group of compounds found in apples, cocoa, tea, and several other plant-based products. The global market is essentially fueled by the increasing consumer demand for nutraceuticals, harboring the potential for plant flavonoids. Moreover, the launch of multiple products within the cosmetics sector will also significantly impact the demand for flavonoids. The major types of flavonoids entail anthocyanin, flavanone, and flavonol, among others.

Flavonoids act as powerful antioxidants by providing remarkable protection against free-radical and oxidative damage. The compounds have also been recognized for their anti-allergic, hepatoprotective, anti-viral, anti-inflammatory, anti-carcinogenic, and anti-thrombotic characteristics. For instance, kaempferol, morin, quercetin, myricetin, and rutin, by acting as antioxidants, displayed advantageous effects, like anti-inflammatory, anti-allergic, and others.

REGIONAL INSIGHTS
The global flavonoid market growth analysis includes the assessment of North America, the Asia-Pacific, Europe, and the Rest of World. The Asia-Pacific is set to lead the global market, owing to key factors like the rising demand from cancer-fighting products, the developing trend of various food colorants’ applications within the food and beverages industry, and transitioning food consumption patterns across Asia. In addition, the increasing demand for functional ingredients products further fuels the region’s market growth.

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COMPETITIVE INSIGHTS
The flavonoids market is continually growing, with several enterprises attempting to gain a substantial competitive advantage through the use of such ingredients in their products and innovation. Moreover, regional players also establish efforts in order to augment the current supply chain and ensure an improved product distribution. As a result, the industrial rivalry is expected to be intense.
Some of the leading companies operating in the market are Bioriginal Food & Science Corp, Bordas SA, Cayman Chemical Company, etc.

Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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