Flavonoids Market Size To Reach $2.06 Billion By 2030

Flavonoids Market Growth & Trends

The global flavonoids market size is expected to reach USD 2.06 billion in 2030 and is projected to grow at a CAGR of 11.1% from 2024 to 2030. Changing consumer lifestyles and rising demand for beauty & health supplements are expected to propel flavonoids consumption over the forecast period.

Developed countries such as Denmark, France, Australia, Belgium, Norway, and the U.S. are characterized by high cancer prevalence. Application of flavonoid as an anti-cancer drug is expected to be the major factor driving growth in these countries, over the forecast period.

Rising demand for convenience food products has increased utilization of flavonoids in functional food. Moreover, smoothing and antioxidant properties allow it to be used in the cosmetics industry for skin care applications. These are also being used to develop drugs for the treatment of various other diseases including diabetes and cardiovascular problems, prevailing worldwide, further increasing demand.

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Flavonoids Market Report Highlights

• Anthocyanins type dominated the market and accounted for a share of 43.5% in 2023. Growing demand from the nutraceuticals and functional food segment is expected to drive this market over the forecast period.

• North America demand is expected to rise on account of rapid economic development with the U.S. and Canada being major nutraceutical markets in this region, triggering growth over the forecast period.

• In January 2016, Cayman Chemical Company, one of the leading manufacturers of this product, acquired Biomol GmbH, a Germany-based distributor of research reagent chemicals. This acquisition helped the company strengthen its position in Europe.

Flavonoids Market Segmentation

Grand View Research has segmented the global flavonoids market report based on type, application, and region

Flavonoids Type Outlook (Revenue, USD Million, 2018 - 2030)

• Anthocyanins

• Flavones

• Anthoxanthins

• Others

Flavonoids Application Outlook (Revenue, USD Million, 2018- 2030)

• Nutraceutical and Functional Foods

• Pharmaceuticals

• Cosmetics

• Others

Flavonoids Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List of Key Players in Flavonoids Market

• Biosynth

• Cayman Chemical Company, Inc.

• Nacalai Tesque Inc.

• Santa Cruz Biotechnology, Inc.

• Merck KGaA

• YAAN TIMES BIOTECH

• Sigma-Aldrich

• Extrasynthese

• INDOFINE Chemical Company, Inc.

• LKT Laboratories, Inc.