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Taxifolin Market Size Worth USD 278.6 Million in 2032 | Emergen Research
Taxifolin Market
Key Market Drivers
One of the primary drivers of the taxifolin market is the increasing adoption of taxifolin in cancer research and medical applications. The demand from drug manufacturers has risen significantly, particularly in cancer treatments, as taxifolin demonstrates antioxidant and anti-inflammatory properties, making it crucial in the production of optimal dosages.
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Market Restraints
Despite the promising growth, the market faces challenges such as volatile cost variables and supply-demand imbalances. The production process of taxifolin is complex, leading to higher production costs compared to substitutes. Additionally, the presence of cost-effective alternatives poses a restraint to market growth.
Segment Insights
Taxifolin Type: The market is segmented into food grade, industrial grade, and pharmaceutical grade taxifolin. The pharmaceutical grade taxifolin segment dominates the market due to its rising demand in cancer treatments and other medical applications. Manufacturers are focusing on Research & Development (R&D) to provide tailored products meeting specific application needs.
Purity Levels: Taxifolin is segmented based on purity levels into less than 95 percent and greater than 95 percent. The less than 95 percent purity segment is expected to witness steady growth due to rising demand for taxifolin in preventing health diseases such as cancer and disorders. High purity taxifolin is essential for various applications in pharmaceuticals, cosmetics, and food industries.
Applications: The healthcare segment is anticipated to hold a significant market share, driven by the increasing adoption of taxifolin in cancer prevention and skincare products. Taxifolin's antioxidant properties make it a preferred material for healthcare products, meeting the rising demand in the medical industry.
Future Outlook
With the increasing demand for taxifolin across various industries, manufacturers are focusing on enhancing production capacities and investing in R&D to introduce innovative products catering to specific application needs. Despite challenges, the market is poised for substantial growth during the forecast period, driven by its diverse applications and beneficial properties.
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Taxifolin Top Companies and Competitive Landscape
The global taxifolin market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective taxifolin.
Some of the major companies included in the global taxifolin market report are:
• Linjiang Jianwei Biotech Co., Ltd.
• Ametis JSC
• Merck KGaA
• Shanghai Jinhe
• Hainan Yew Pharm
• Hangzhou J&H Chemical Co., Ltd.
• Adooq Bioscience
• JW Health Products
• Kingherbs Ltd.
• Cayman Chemical
• Hefei Lifeon Pharma
• Kalenika Group
• Tianbao Bio-Tech
• Yunnan Hande
• Abcam plc
• LKT Labs
• Blue California
Taxifolin Latest Industry Updates
• On 25 May 2021, Blue California received a Generally Recognized as Safe (GRAS) designation from the U.S. Food and Drug Administration (FDA) for its Taxifolin BC-DHQ, which has super antioxidant and anti-inflammatory characteristics. This approval allows its incorporation into a diverse range of F&B. Dihydroquercetin (DHQ), or taxifolin, a flavonoid naturally occurring in various fruits and vegetables, such as apples, olive oil, and red onions, is the key component. Recognized for its potent antioxidant and anti-inflammatory attributes, taxifolin, as a flavonoid, may contribute to supporting immune health.
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Taxifolin Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global taxifolin market on the basis of type, purity level, application, and region:
• Type Outlook (Revenue, USD Million; 2019-2032)
o Food Grade
o Industrial Grade
o Pharmaceutical Grade
• Purity Level Outlook (Revenue, USD Million; 2019-2032)
o LESS THAN 95 percent Purity Level
o GREATER THAN 95 percent Purity Level
• Application Outlook (Revenue, USD Million; 2019-2032)
o Food & beverages (F&B)
o Pharmaceuticals
o Healthcare
o Agriculture
o Cosmetics
o Others
• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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