The latest research report from Future Market Insights indicates that the global flavonoid market will reach a valuation of USD 1.1 billion by 2024. Further forecasts suggest a subsequent rise to USD 2.3 billion by 2034, underscoring a steady growth path. This projected expansion signifies a CAGR of 7.7% over the forecast period.
Market Motivators Enhancing Market Growth
| Attributes | Key Insights |
|---|---|
| Flavonoid Market Estimated Size in 2024 | USD 1.1 billion |
| Projected Market Value in 2034 | USD 2.3 billion |
| Value-based CAGR from 2024 to 2034 | 7.7% |
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Flavonoid sales rose at a 7.3% CAGR between 2019 and 2023. The global market is achieving heights to grow at a moderate CAGR of 7.7% over the forecast period 2024 to 2034.
The market witnessed a steady growth during the historical period, attributed to rising consumer awareness of the health benefits associated with flavonoids. The trend towards plant based diets contributed to the demand for flavonoid rich foods and supplements.
The market saw a rise in the demand for functional foods and nutraceuticals enriched with flavonoids. Advances in extraction technologies and formulation techniques improved the efficiency and effectiveness of flavonoid production.
The market is all set to experience accelerated growth during the forecast period, driven by increased consumer demand for natural and functional ingredients. Personalized nutrition approaches, incorporating flavonoids based on individual health needs and genetic profiles, will also gain prominence.
Flavonoids will find expanded applications in pharmaceuticals, particularly in the development of novel therapeutics for chronic diseases and age related conditions. Integration of flavonoids with nanotechnology as well as biotechnology, will enhance their bioavailability, efficacy, and functionality in various applications.
| Country | The United States |
|---|---|
| CAGR through 2034 | 4.2% |
The flavonoid market in the United States will expand at a CAGR of 4.2% through 2034. Consumer preferences for natural and clean label products are driving the demand for flavonoid rich ingredients in the country.
Flavonoids, derived from plant sources, are perceived as natural and wholesome, aligning with consumer preferences for clean, minimally processed ingredients. The demand for functional ingredients that offer health benefits further drives the growth of the flavonoid market.
Growing awareness of the health benefits associated with flavonoids, such as their antioxidant and anti-inflammatory properties, is driving consumer interest in flavonoid rich foods, beverages, and supplements. There is a rising demand for products that offer functional benefits, as consumers prioritize healthier lifestyles.
| Country | Germany |
|---|---|
| CAGR through 2034 | 4.6% |
The flavonoid market in Germany to expand at a CAGR of 4.6% through 2034. Ongoing innovation in product development drives the introduction of new flavonoid rich products to the market.
German food and beverage manufacturers are known for their focus on innovation and quality, exploring novel formulations, flavors, and delivery systems to enhance the sensory experience and functionality of their products.
Innovation in product development stimulates consumer interest and expands the range of flavonoid rich offerings, supporting market growth. German consumers have a strong preference for natural and organic products, driven by concerns about food safety, sustainability, and environmental impact.
Flavonoids, derived from plant sources, are perceived as natural and wholesome ingredients, aligning with consumer preferences for clean label products. The demand for natural and organic products further drives the growth of the flavonoid market in Germany.
| Country | China |
|---|---|
| CAGR through 2034 | 2.4% |
Flavonoid trends in China are taking a turn for the better. A 2.4% CAGR is forecast for the country from 2024 to 2034. The proliferation of e-commerce platforms and digital marketing channels provides opportunities for flavonoid rich products to reach a wider consumer base in the country.
Online retail channels offer convenience, accessibility, and personalized shopping experiences, driving sales of flavonoid rich foods, beverages, and supplements. Effective digital marketing strategies enhance brand visibility and consumer engagement, contributing to market growth.
The expanding middle class population in China has higher disposable incomes and purchasing power, driving demand for premium and health oriented products. Flavonoid rich products positioned as premium or specialty items may appeal to middle class consumers seeking high quality, differentiated offerings. The growing middle class population presents opportunities for flavonoid rich products to gain market share.
| Country | The United Kingdom |
|---|---|
| CAGR through 2034 | 5.3% |
The flavonoid market in the United Kingdom is poised to expand at a CAGR of 5.3% through 2034. The country is a developed economy with a high standard of living and strong purchasing power. Consumers are willing to spend more on products that offer health benefits and premium quality, as disposable incomes rise.
In the United Kingdom, there are strict regulations governing food safety. Labeling is scrutinized closely. Flavonoids with clean labels are earning the trust of consumers. Thus, in the United Kingdom instead of being seen as a hindrance, regulatory compliance is helping manufacturers appeal to consumers more.
| Country | India |
|---|---|
| CAGR through 2034 | 7.5% |
The flavonoid market is set to expand at a CAGR of 7.5% over the projected period in India. The cosmetics sector has become a natural source of industry growth in the country. With herbal products and cosmetics, already widely accepted, flavonoids, with their antioxidant and anti-inflammatory properties, are also earning the go-through from consumers.
The demand for plant-based ingredients in India is high in the case of skincare products, boosting demand for flavonoids. The rise in diseases such as diabetes and obesity is also seeing Indians make a turn towards naturalness, including flavonoids.
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The below table highlights how anthocyanin segment is leading the market in terms of product type, and will account for a share of 29.3% in 2024. Based on application, the food and beverage segment is gaining heights and will to account for a share of 43.4% in 2024.
| Category | Shares in 2024 |
|---|---|
| Anthocyanin | 29.3% |
| Food and Beverage | 43.4% |
Based on product type, the anthocyanin segment is expected to rule the roost in the industry. Anthocyanin use is increasing in the food and beverage sector due to their ability to impart desired color to various foods and beverages.
The food sector is hungry for natural food colorants, which is driving up the demand for anthocyanin rich ingredients. The antioxidant properties of the product ensure the demand keeps flowing in for anthocyanin.
In terms of application, the food and beverage segment is predicted to lead the charge. Significant demand for naturally produced and with a minimum of preservatives food is seeing the profile of flavonoids rise in the food and beverage sector.
Functional foods are becoming popular at a sprightly rate, complemented by the rising knowledge about nutraceuticals. Flavonoids are becoming a part of numerous fortified food and beverage products, ranging from healthy juices to snacks to dairy products. Nutraceutical application of the product is also rising significantly, imparting greater speed to flavonoids in the food and beverage segment.
The flavonoid market is competitive in nature, with a huge proportion of players tussling it out for a piece of the pie. New product formulation is one of the primary subjects on the agenda for industry players.
Key Development
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | USD 1.1 billion |
| Projected Market Valuation in 2034 | USD 2.3 billion |
| Value-based CAGR 2024 to 2034 | 7.7% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD Billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Type, Application, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | BORDAS S.A.; Biosynth Carbosynth; Nans Products; J&K Scientific Ltd; Cayman Chemical Company, Inc; Nacalai Tesque Inc; Santa Cruz Biotechnology, Inc; Ingredients by Nature LLC; Merck KGaA; Hunan Yuantong Pharmaceutical Co., Ltd.; MORRE-TEC Industries; YAAN TIMES BIOTECH; Conagen |
The flavonoid market is projected to reach a valuation of USD 1.1 billion in 2024.
The flavonoid industry is set to expand by a CAGR of 7.7% through 2034.
The flavonoid market is forecast to reach USD 2.3 billion by 2034.
China is set to be the top performing market, exhibiting a CAGR of 2.4% through 2034.
Anthocyanin segment is preferred, and will account for a share of 29.3% in 2024.
| Estimated Industry Size (2024E) | USD 11.9 billion |
|---|---|
| Projected Industry Value (2034F) | USD 17.4 billion |
| Value-based CAGR (2024 to 2034) | 3.9% |
| Expected Market Value (2023) | USD 9,654 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 26,903.3 million |
| Projected CAGR (2023 to 2033) | 11% |
| Market Estimated Value (2023) | USD 10,608 million |
|---|---|
| Projected Market Value (2033) | USD 17,181 million |
| Value-based CAGR (2023 to 2033) | 4.9% |
| Market Valuation (2023) | USD 3,511.20 million |
|---|---|
| Market Valuation (2033) | USD 6,529.38 million |
| Market CAGR (2023 to 2033) | 6.4% |
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