The global flavonoids market is expected to reach USD 1.06
billion by 2025, according to a new report by Grand View Research, Inc.
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.
Browse full research report on Flavonoids Market: http://www.grandviewresearch.com/industry-analysis/flavonoids-market
Further key findings from the report suggest:
- Anthocyanins
were the most commonly consumed flavonoids in 2015 with a market share of
over 40% in 2015. Growing demand from the nutraceuticals and functional
food segment is expected to drive this market over the forecast period.
- The
functional beverages segment is expected to grow at a CAGR of over 12%
from 2016 to 2025, in terms of revenue. Antioxidant properties of this
product are now being introduced in non-alcoholic beverages including soft
drinks, nutraceutical drinks, and energy drinks, propelling demand in this
application.
- The
flavonoids market in functional foods was valued over USD 130 million in
2015 on account of anti-diabetic and anti-carcinogenic properties which
are expected to increase their consumption in nutraceutical and functional
food products.
- 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.
- The
market in Central & South America is projected to grow at the second
highest CAGR of over 9% from 2016 to 2025, driven by growing demand from
emerging economies such as Brazil and Argentina.
- 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.
Grand View Research has segmented the global flavonoids
market on the basis of product, application and region:
Global Flavonoids Product Outlook (Volume, Tons: Revenue,
USD Million, 2014 - 2025)
- Anthocyanins
- Flavones
- Anthoxanthins
- Others
Global Flavonoids Application Outlook (Volume, Tons:
Revenue, USD Million, 2014 - 2025)
- Functional
beverages
- Functional
food
- Dietary
supplements
- Others
Global Flavonoids Regional Outlook (Volume, Tons:
Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- China
- Latin
America
- Brazil
- Middle
East & Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-flavonoids-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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