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Analysis of Potential Impact of COVID-19 on Taxifolin Market

Analysis of Potential Impact of COVID-19 on Taxifolin Market

Taxifolin Market: Introduction

Taxifolin is the common name for dihydroquercetin, which is a flavonoid. It is also used in its semi-synthetic form, under the brand Venoruton.

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Various types of flavonoids are currently under scientific study, as they are found to have anti-viral, anti-allergic and anti-inflammatory properties that are beneficial for human health. Taxifolin is utilized as an additive in food & beverages due to these properties. It is bitter in taste and helps stabilize the shelf life of food products.

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Taxifolin is also known to have anti-proliferative effects on cancer cells; consequently, it is effective in preventing the spreading of cancer cells. Taxifolin has numerous therapeutic effects on the human body, similar to other flavonoids, and does not have any side-effects, which makes it a good additive in medical supplements.
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Key drivers of taxifolin market

Numerous types of flavonoids are added to food & beverages and used for therapeutic purposes. These compounds are similar in nature to taxifolin. However, some exhibit side-effects on the human body along with therapeutic effects, which are toxic in nature. These side-effects are not present in taxifolin, and this is estimated to drive the demand for taxifolin during the forecast period.

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Rising population, technological advancements, improved cold chain facilities, and awareness regarding health and fitness are expected to augment the demand for taxifolin market globally during the forecast period.
Rising use of taxifolin as a health supplement along with vitamin C and its positive effects on the immune systems are anticipated to boost the healthcare segment of the taxifolin market. The healthcare segment is expanding rapidly, as people are more aware about their health, and the preference for health supplements is rising. This is anticipated to boost the demand for taxifolin during the forecast period.

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