Flavonoids Market Size, Share, Forecast, Trends by 2028

Flavonoids Market: Industry Perspective

The global flavonoids market size was worth around USD 1,013 million in 2021 and is predicted to grow to around USD 1,476 million by 2028 with a compound annual growth rate (CAGR) of roughly 4.2% between 2022 and 2028.

The report analyzes the global flavonoids market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the flavonoids industry.

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Flavonoids Market: Overview

Flavonoids are the metabolites of plants and fungi. Flavonoids are pigments used for flower coloration and in higher plants, they act as UV filtration. Flavonoids are mainly used as anti-oxidants but also function as anti-inflammatory agents and help in preventing cancer. Flavonoids are obtained mainly from peppers, citrus fruits, tomatoes, soybeans, berries, carrots, and broccoli. Flavonoids are also used as preservatives in various food products to obtain longer shelf life.

Flavonoids are a group of phytochemical compounds and bioactive dietary ingredients (with a benzo-gamma-pyrone structure) found most prominently in plants, leaves, fruits, tea, wine, and vegetables having huge applications in medicinal chemistry. Apparently, these compounds possess many medicinal properties and act as anti-carcinogenic, anti-oxidant, anti-mutagenic, anti-viral, anti-cancer, and anti-inflammatory agents. They also have cardio-protective & neuro-protective effects and hence Flavonoids Market finds lucrative applications in the pharmaceutical, nutraceutical, and cosmetic sectors.

Furthermore, the metabolic and biological activity of flavonoids depends on their configuration, overall hydroxyl groups, and functional groups. A large number of these products act as growth regulators and possess hepatoprotective and coronary heart disorder-preventing features. It also assists in countering oxidative stress in individuals. Apart from this, the product assists in protecting blood vessels from getting damaged, thereby helping protectthe  heart.

Furthermore, the activities of compounds depend on their structure and the chemical nature of flavonoids depends on structural class, degree of polymerization, and hydroxylation degree as well as other conjugations and substitutions. Flavonoid consumption improves health and prevents chronic disorders. Citing an instance, meta-analysis exhibits improvements in blood pressure & flow-mediated dilatation. Reportedly, the largest proportion of flavonoids is present in fruits such as plums, apples, berries, and cherries. However, tropical fruits contain a very lesser percentage of flavonoids. Highest proportions of flavonoids are found in vegetables including onions, shallot, broad beans, spinach, and olives.

Flavonoids Market: Dynamics

Growth of the flavonoids market over the forecast timespan is subject to potential health benefits accrued as a result of the anti-oxidant features of flavonoids. In addition to this, the compounds are assessed to possess health-improving characteristics owing to their high anti-oxidant ability both in vitro as well as in vivo systems. The ability of flavonoids to induce protective enzyme systems in humans will spur market trends. Furthermore, a large number of clinical studies have revealed the protective effects of compounds against many infections & degenerative ailments including cancer, heart diseases, and other kinds of aging problems.

Furthermore, flavonoids have found a plethora of applications in skin care & personal care products owing to its ability in treating skin wrinkles.  It also acts as an anti-angiogenic, anti-carcinogenic, anti-microbial, anti-tumor, anti-mutagenic, and anti-proliferative agent. For instance, apple peel containing a huge proportion of flavonoids hinders acetylcholinesterase in vitro and is efficient anti-hypertensive agent. Moreover, it prevents cardio-metabolic ailments and demonstrates retaining of cognitive performance even during the process of aging in individuals.  

Apparently, flavonoids act as secondary anti-oxidant defense tool in plants & herbs which are exposed to various kinds of biotic and abiotic stresses. Furthermore, these compounds also control growth in plants and help in protecting humans against various diseases. However, flavonoids are non-absorbable in foods as they bind to beta-glycosides sugars, thereby hindering market surge.

Escalating incidence of high cholesterol, depression and obesity patients coupled with increasing health issues due to consumption of junk food drives the market for flavonoids. Moreover, the easy availability of functional foods and presence of wide variety of functional foods fuels the growth of the market. Increasing disposable income, changing lifestyle and rising diet culture among the women bolster the flavonoids market. In addition, surging demand for frozen and processed food has strained the manufacturers for the use of preservatives which in turn has assisted the flavonoids market growth. Some studies over the flavonoids conclude that excess consuming of flavonoids may turn the flavonoids into mutagens. This factor can limit the growth of flavonoids market. Nevertheless, the use of natural and functional food products for lowering cholesterol along with unexploited market in the emerging countries is likely to positively impact on flavonoids market in the coming years.

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Flavonoids Market: Segmentation

The global flavonoids market is segmented based on product, application, and region.

Based on product​, the flavonoids market can be segmented as anthocyanins, flavones, anthoxanthins, flavanones, isoflavones and chalcones. Anthocyanins emerged as the potent segment among all owing to the escalated utilization of anthocyanins as the coloring agent in the food and beverage industry in 2019. Numerous applications for flavonoids are pharmaceuticals, food and beverages, nutraceuticals and animal feed. Nutraceuticals were the leading segment in 2019 with a significant market share of the flavonoids market.

Growing requirements for anti-stress, anti-inflammatory, and low-cholesterol supplements have led to the increase in demand for anti-oxidant supplements which in turn are expected to drive the demand for flavonoids. The food and beverage industry is expected to gain traction in the coming years due to the high use of flavonoids as coloring agents and preservatives.

Flavonoids Market: Report Scope

Flavonoids Market: Regional Analysis

North America To Account Towards Major Market Share In 2022-2028

Growth of flavonoids market in North America over the forecast timespan is due to the high frequency of diet-related chronic disorders such as heart disorders, type 2 diabetes, obesity, and overweight witnessed in countries such as the U.S. In addition to this, growing prevalence of atherosclerosis and high blood pressure in countries such as Canada and the U.S. has created huge need for consuming a flavonoids-rich diet as well as food fortified with flavonoid.

Recent Developments

• In February 2022, ABF Ingredients – a specialty ingredients division of Associated British Foods- acquired Fytexia Group for an undisclosed amount, thereby offering the latter direct access to global business of polyphenols.

Flavonoids Market: Competitive Analysis

The global flavonoids market is dominated by players like:

• Foodchem International Corporation
• Aquapharm Bio-Discovery Limited
• Extrasynthese
• Quercegen Pharmaceuticals
• Meherrin Agricultural & Chemical Company
• Cayman Chemical Company
• International Flavors & Fragrances Inc.
• Indofine Chemical Company, Inc.

The global flavonoids market is segmented as follows;

By Product

• Anthocyanins
• Flavones
• Anthoxanthins
• Flavanones
• Isoflavonens
• Chalcones

By Application

• Pharmaceutical
• Dietary Supplements
• Functional Beverages
• Functional Food
• Nutraceuticals
• Animal Feed

By Region

• North America

  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa