What is Global Taxifolin Market?
The Global Taxifolin Market is a vast and dynamic sector that has been gaining significant attention in recent years. Taxifolin, also known as dihydroquercetin, is a flavonoid widely used in various industries due to its antioxidant properties. The market encompasses the global production, distribution, and consumption of Taxifolin. In 2023, the market was valued at US$ 166.8 million and it's projected to reach US$ 215.1 million by 2030. This growth is attributed to the increasing demand for Taxifolin in various industries such as food and beverages, healthcare, cosmetics, and agriculture. The market is also influenced by the concentration of Taxifolin in the products, which is categorized as below 92%, 92%-98%, and above 98%. The top three companies in this market hold about 96% of the market share, indicating a high level of market concentration.
Below 92%, 92%-98%, Above 98% in the Global Taxifolin Market:
The Global Taxifolin Market is segmented based on the concentration of Taxifolin in the products. The categories include below 92%, 92%-98%, and above 98%. Products with a concentration of below 92% are typically used in industries that require a lower potency of Taxifolin. On the other hand, products with a concentration of 92%-98% and above 98% are used in industries that require a higher potency of Taxifolin. These products are more potent and offer more benefits, making them ideal for use in healthcare, cosmetics, and other industries that require high-quality ingredients. The concentration of Taxifolin in the products also affects the price, with higher concentrations commanding higher prices.
Food and Beverages, Healthcare, Cosmetics, Agriculture, Others in the Global Taxifolin Market:
The Global Taxifolin Market finds its application in various sectors such as food and beverages, healthcare, cosmetics, agriculture, among others. In the food and beverage industry, Taxifolin is used as a natural preservative and antioxidant. It helps to extend the shelf life of food products and beverages. In the healthcare sector, Taxifolin is used in the production of dietary supplements due to its antioxidant properties. It helps to boost the immune system and prevent various diseases. In the cosmetics industry, Taxifolin is used in skincare products due to its anti-aging properties. It helps to reduce wrinkles and improve skin elasticity. In agriculture, Taxifolin is used as a natural pesticide and growth promoter.
Global Taxifolin Market Outlook:
The future of the Global Taxifolin Market looks promising. In 2023, the market was valued at US$ 166.8 million and it's projected to reach US$ 215.1 million by 2030, growing at a CAGR of 3.6% during the forecast period 2024-2030. This growth is driven by the increasing demand for Taxifolin in various industries such as food and beverages, healthcare, cosmetics, and agriculture. The market is dominated by the top three companies, which hold about 96% of the market share. The largest application of Taxifolin is in the healthcare sector, which accounts for about 40% of the market share.
| Report Metric | Details |
| Report Name | Taxifolin Market |
| Accounted market size in 2023 | US$ 166.8 million |
| Forecasted market size in 2030 | US$ 215.1 million |
| CAGR | 3.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Ametis JSC, JW Health Products, Kalenika Group, Hefei Lifeon Pharma, ROBIOS, Kingherbs Ltd, Beton Nutrition Corporation, Xi'an Sost Biotech Co.,Ltd |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
