What is Flavonoids - Global Market?
Flavonoids, a group of phytonutrients found in almost all fruits and vegetables, are known for their health-promoting properties. They are a diverse group of plant chemicals that play a critical role in maintaining plant health, and in turn, human health. The global market for flavonoids is a dynamic one, with a wide range of applications across various sectors. The market was valued at US$ 195 million in 2022 and is projected to reach US$ 250.5 million by 2029, growing at a compound annual growth rate (CAGR) of 3.6% from 2023 to 2029. The market is dominated by the top five manufacturers who collectively hold a 40% market share.
Hesperidin, Daidzein, Catechin, Genistein, Others in the Flavonoids - Global Market:
Among the different types of flavonoids, Hesperidin, Daidzein, Catechin, Genistein, and others are the most prominent in the global market. Hesperidin is the most significant segment, accounting for about 80% of the market share. It is primarily used in the pharmaceutical industry due to its antioxidant, anti-inflammatory, and anti-carcinogenic properties. Daidzein, on the other hand, is a type of isoflavone that is commonly found in soy and soy products. It is known for its potential benefits in preventing cancer and heart disease. Catechin is a type of flavanol, which is found in large quantities in green tea. It has been linked to a reduced risk of heart disease and cancer. Genistein, another type of isoflavone, is also found in soy products. It has been studied for its potential role in preventing cancer and osteoporosis.
Pharmaceutical, Food and Beverages, Dietary Supplements, Feed Additives, Others in the Flavonoids - Global Market:
Flavonoids have a wide range of applications in various sectors such as pharmaceuticals, food and beverages, dietary supplements, feed additives, and others. In the pharmaceutical industry, they are used for their antioxidant, anti-inflammatory, and anti-carcinogenic properties. In the food and beverage industry, they are used as natural colorants and flavor enhancers. They are also used in dietary supplements for their health-promoting properties. In the animal feed industry, they are used as feed additives to improve animal health and productivity. However, the use of flavonoids in other sectors is limited due to lack of data.
Flavonoids - Global Market Outlook:
The global flavonoids market is expected to witness significant growth in the coming years. The market was valued at US$ 195 million in 2022 and is projected to reach US$ 250.5 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. This growth can be attributed to the increasing awareness about the health benefits of flavonoids and their wide range of applications in various sectors. The market is dominated by the top five manufacturers who collectively hold a 40% market share. In terms of product, Hesperidin is the largest segment, accounting for about 80% of the market share.
| Report Metric | Details |
| Report Name | Flavonoids - Market |
| Forecasted market size in 2029 | US$ 250.5 million |
| CAGR | 3.6% |
| Forecasted years | 2023 - 2029 |
| Global Flavonoids market, by region: |
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| Global Flavonoids market, Segment by Type: |
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| Global Flavonoids market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
