Global Flavonoids Market

Flavonoids Market Size, Share, Growth Analysis, By Application(Functional Beverages, Functional Food), By Products(Anthocyanins, Flavones) - Industry Forecast 2024-2031


Report ID: SQMIG15E2357 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 64 | Figures: 76

Flavonoids Market Insights

Global Flavonoids Market size was valued at USD 1.30 billion in 2022, and is expected to grow from USD 1.38 billion in 2023 to reach a value of USD 2.16 billion by 2031, growing at a CAGR of 5.8% over the forecast period (2024–2031).

Pharmaceuticals, nutritional supplements, cosmetics, and functional food and beverages are just a few of the uses for flavonoids. In the food business, they serve as colouring and sweetening agents.

Around 30% of the market in the United States was devoted to the use of flavonoids in functional foods. The market in this industry was primarily driven by an increase in the usage of anthocyanin, a significant flavonoid, as a colouring agent. Despite the fact that flavonoids are more readily ingested in their natural state, shifting consumer food consumption patterns have resulted in their use in a variety of functional food products. Layn Natural Ingredient Corp., Ltd. (Layn Natural Ingredients) announced the growth of its selection of tea extracts in October 2021. In response to rising consumer demand for clean-label, nutritious, useful natural ingredients, Layn Natural Ingredients increased the array of tea extracts it offered. Flavonoids, polyphenols, and other active compounds, as well as antioxidants with scientific backing, are present in tea extracts.

US Flavonoids Market is poised to grow at sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 1.30 billion

Largest Segment

Anthocyanins

Fastest Growth

Flavones

Growth Rate

5.8% CAGR

Global Flavonoids Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Flavonoids Market Size By Products ($ Bn)
Global Flavonoids Market Size By Products (%)

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Flavonoids Market Segmental Analysis

Global Flavonoids Market is segmented on the basis of application, products and region. By application, the market is segmented into functional beverages, functional food, dietary supplements, others. By products, the market is segmented into anthocyanins, flavones, anthoxanthins and others. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Flavonoids Market Analysis by Product

The hypoglycaemic compound anthocyanin lowers blood sugar levels in people. It is a histamine blocker that reduces inflammation brought on by arthritis, stomach ulcers, cardiovascular conditions, and allergies. For the next nine years, these assets are anticipated to drive its growth. Both in terms of volume and in terms of value, anthocyanins made up the bulk of the share. Consumption of foods and beverages high in anthocyanins has increased as a result of rising wellness and health consciousness.

Over the forecast period, the market for flavones is anticipated to experience the greatest CAGR. They are valuable in the pharmaceutical and personal care industries since they are known to have antioxidant, anti-tumor, anti-inflammatory, and anti-microbial characteristics.

Flavonoids Market Analysis by Application

About USD 150 million in the same year, the functional beverage market category held a monopoly. This item enhances the myocardium's metabolic activities, which prevents the production of thrombi. Demand will increase throughout the projection period as a result of the immune system stimulation, anthropogenic adversity control, and decreased teratogenic, mutagenic, and carcinogenic effects of drinking beverages containing flavonoids.

Due to strict rules around the use of flavonoids, the market for dietary supplements is anticipated to be subdued. However, using supplements has a number of negative side effects. For instance, taking supplements can result in a high intake of flavonoids, which would be harmful to human health.

Global Flavonoids Market Size By Products, 2023 (%)

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Flavonoids Market Regional Insights

Almost 35% of global income came from the largest market, which was North America. In North America, there is a significant prevalence of a number of chronic, diet-related illnesses that can be prevented, such as type 2 diabetes, cardiovascular disease, and obesity. The demand for dietary items like flavonoids has surged as a result of this.

Due to the growing use of nutraceutical products, the Asia Pacific demand, which was over USD 110 million, is expected to experience substantial development. During the course of the forecast period, this business is anticipated to benefit from changing consumer lifestyles, a large youth population, and the rising popularity of sports. In addition to this, rising consumer disposable incomes, particularly in China and Japan, are anticipated to boost regional growth.

Global Flavonoids Market Size By Region, 2024-2031
  • Largest
  • Fastest

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Flavonoids Market Dynamics

Flavonoids Market Drivers

Growing Demand For Dietary Supplements To Bolster Demand For Flavonoids

  • The increasing consumer focus on health and wellness, along with the rising awareness about the potential health benefits of flavonoids, is driving the demand for functional foods and dietary supplements that contain flavonoids. Consumers are seeking natural and plant-based ingredients that can provide health benefits, and flavonoids are being increasingly used in the formulation of such products.
  • Flavonoids are known for their potential therapeutic properties, and are being increasingly used in the pharmaceutical and nutraceutical industries. Flavonoids are used in the formulation of various pharmaceutical drugs, supplements, and herbal remedies due to their antioxidant, anti-inflammatory, and anti-cancer properties. The growing demand for natural and plant-based ingredients in the pharmaceutical and nutraceutical industries is driving the use of flavonoids in these applications.

Flavonoids Market Restraints

Limited Availability Of Consistent And High-Quality Sources Might Hinder Market Growth

  • Flavonoids are naturally occurring compounds found in various plant-based sources, and the availability of consistent and high-quality sources of flavonoids can be limited. Factors such as weather conditions, crop variability, and geographical limitations can affect the availability and quality of flavonoid-rich sources, which may impact the supply chain and result in inconsistent quality of flavonoid products.

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Flavonoids Market Competitive Landscape

Some of the major industry players are Cayman Chemical Company, Quercegen Pharmaceuticals, Foodchem International Corporation, INDOFINE Chemical Company, Inc., Extrasynthese, Pharmachem Laboratories Inc., Organic Herb Inc., Phytocompounds, and Indena S.p.A. The main growth techniques used by these players included investments, collaborations, and expansions.

Flavonoids Market Top Player’s Company Profiles

  • Indena S.p.A. (Italy)
  • Cayman Chemical Company (United States)
  • Quercegen Pharmaceuticals (United States)
  • Chr. Hansen Holding A/S (Denmark)
  • Layn Natural Ingredients Corporation (China)
  • Bioriginal Food & Science Corp. (Canada)
  • FutureCeuticals, Inc. (United States)
  • Pharmachem Laboratories, LLC (United States)
  • Sabinsa Corporation (United States)
  • Nature's Power Nutraceuticals Corp. (Canada)
  • Foodchem International Corporation (China)
  • Tianjin Jianfeng Natural Products Co., Ltd. (China)
  • Shaanxi Jiahe Phytochem Co., Ltd. (China)
  • Xi'an Green Source Co., Ltd. (China)
  • Changsha Huir Biological-tech Co., Ltd. (China)
  • Hunan Huacheng Biotech, Inc. (China)
  • Jinan Prosweet Biotechnology Co., Ltd. (China)
  • Sichuan Xieli Pharmaceutical Co., Ltd. (China)

Flavonoids Market Recent Developments

  • In December 2023, a clinical trial published in The Journal of Bone & Joint Surgery, part of the Lippincott portfolio in partnership with Wolters Kluwer, revealed that patients undergoing total knee arthroplasty (TKA) experienced reduced swelling of the knee and leg, as well as some relief in associated pain, through treatment with diosmin. Diosmin is a flavonoid supplement derived from citrus fruits. 
  • In September 2023, Biotropics introduced its innovative BioKesum leaf extract, which has been clinically demonstrated to promote brain health. This extract is sourced from the tropical BioKesum plant, native to the fauna of Malaysia. 
  • In January 2023, Lipton Tea unveiled a new collaboration with Full Cart, a program within the nonprofit U.S. Hunger and the first nationwide fully virtual food pantry, aimed at enhancing access to heart-friendly nutrition and grocery assistance. As part of this partnership, Lipton is donating $275,000 to Full Cart to support the funding of 5,000 shelf-stable food delivery boxes. These boxes, intended for 2,500 families in need, will offer approximately 350,000 servings of heart-friendly food.

Flavonoids Key Market Trends

  • Flavonoids are also being used in the cosmetic and personal care industries due to their antioxidant and anti-aging properties. Flavonoids are used in skincare products, hair care products, and other personal care formulations for their potential benefits in promoting skin health, reducing oxidative stress, and protecting against environmental damage.

Flavonoids Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analyses, the global flavonoids market has been growing steadily in recent years, driven by increasing consumer awareness about the health benefits of flavonoids and their wide-ranging applications in various industries such as food and beverages, dietary supplements, pharmaceuticals, and cosmetics. Flavonoids are a class of naturally occurring compounds found in fruits, vegetables, nuts, seeds, and other plant-based sources, known for their antioxidant, anti-inflammatory, and other health-promoting properties. challenges related to limited supply of flavonoid-rich sources and stringent regulations may impact market growth. Emerging trends such as demand for flavonoid-rich functional foods and beverages, increasing R&D activities, and rising adoption of flavonoids in nutraceuticals and dietary supplements are expected to shape the future of the global flavonoids market.

Report Metric Details
Market size value in 2023 USD 1.30 billion
Market size value in 2031 USD 2.16 billion
Growth Rate 5.8%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Functional Beverages, Functional Food, Dietary Supplements, Others
  • Products
    • Anthocyanins, Flavones, Anthoxanthins and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Indena S.p.A. (Italy)
  • Cayman Chemical Company (United States)
  • Quercegen Pharmaceuticals (United States)
  • Chr. Hansen Holding A/S (Denmark)
  • Layn Natural Ingredients Corporation (China)
  • Bioriginal Food & Science Corp. (Canada)
  • FutureCeuticals, Inc. (United States)
  • Pharmachem Laboratories, LLC (United States)
  • Sabinsa Corporation (United States)
  • Nature's Power Nutraceuticals Corp. (Canada)
  • Foodchem International Corporation (China)
  • Tianjin Jianfeng Natural Products Co., Ltd. (China)
  • Shaanxi Jiahe Phytochem Co., Ltd. (China)
  • Xi'an Green Source Co., Ltd. (China)
  • Changsha Huir Biological-tech Co., Ltd. (China)
  • Hunan Huacheng Biotech, Inc. (China)
  • Jinan Prosweet Biotechnology Co., Ltd. (China)
  • Sichuan Xieli Pharmaceutical Co., Ltd. (China)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Flavonoids Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Flavonoids Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Flavonoids Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flavonoids Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flavonoids Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Flavonoids Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Flavonoids Market size was valued at USD 1.30 billion in 2022, and is expected to grow from USD 1.38 billion in 2023 to reach a value of USD 2.16 billion by 2031, growing at a CAGR of 5.8% over the forecast period (2024–2031).

Some of the major industry players are Cayman Chemical Company, Quercegen Pharmaceuticals, Foodchem International Corporation, INDOFINE Chemical Company, Inc., Extrasynthese, Pharmachem Laboratories Inc., Organic Herb Inc., Phytocompounds, and Indena S.p.A. The main growth techniques used by these players included investments, collaborations, and expansions. 'Archer Daniels Midland Company (United States)', 'DuPont de Nemours, Inc. (United States)', 'Naturex S.A. (France)', 'Indena S.p.A. (Italy)', 'Cayman Chemical Company (United States)', 'Quercegen Pharmaceuticals (United States)', 'Chr. Hansen Holding A/S (Denmark)', 'Layn Natural Ingredients Corporation (China)', 'Bioriginal Food & Science Corp. (Canada)', 'FutureCeuticals, Inc. (United States)', 'Pharmachem Laboratories, LLC (United States)', 'Sabinsa Corporation (United States)', 'Nature's Power Nutraceuticals Corp. (Canada)', 'Foodchem International Corporation (China)', 'Tianjin Jianfeng Natural Products Co., Ltd. (China)', 'Shaanxi Jiahe Phytochem Co., Ltd. (China)', 'Xi'an Green Source Co., Ltd. (China)', 'Changsha Huir Biological-tech Co., Ltd. (China)', 'Hunan Huacheng Biotech, Inc. (China)', 'Jinan Prosweet Biotechnology Co., Ltd. (China)', 'Sichuan Xieli Pharmaceutical Co., Ltd. (China)'

The increasing consumer focus on health and wellness, along with the rising awareness about the potential health benefits of flavonoids, is driving the demand for functional foods and dietary supplements that contain flavonoids. Consumers are seeking natural and plant-based ingredients that can provide health benefits, and flavonoids are being increasingly used in the formulation of such products.

Flavonoids are also being used in the cosmetic and personal care industries due to their antioxidant and anti-aging properties. Flavonoids are used in skincare products, hair care products, and other personal care formulations for their potential benefits in promoting skin health, reducing oxidative stress, and protecting against environmental damage.

Almost 35% of income came from the largest market, which was North America. In North America, there is a significant prevalence of a number of chronic, diet-related illnesses that can be prevented, such as type 2 diabetes, cardiovascular disease, and obesity. The demand for dietary items like flavonoids has surged as a result of this.

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Global Flavonoids Market

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