Flavonoids Market Size, Share, Growth Analysis, By Application(Functional Beverages, Functional Food, Dietary Supplements, Others), By Products(Anthocyanins, Flavones, Anthoxanthins and Others), By Region - Industry Forecast 2024-2031

Flavonoids Market size was valued at USD 1.30 billion in 2022, and is expected to grow from USD 1.38 billion in 2023 to reach a value of USD 2.16 billion by 2031, growing at a CAGR of 5.8% over the forecast period (2024–2031).

Some of the major industry players are Cayman Chemical Company, Quercegen Pharmaceuticals, Foodchem International Corporation, INDOFINE Chemical Company, Inc., Extrasynthese, Pharmachem Laboratories Inc., Organic Herb Inc., Phytocompounds, and Indena S.p.A. The main growth techniques used by these players included investments, collaborations, and expansions. 'Archer Daniels Midland Company (United States)', 'DuPont de Nemours, Inc. (United States)', 'Naturex S.A. (France)', 'Indena S.p.A. (Italy)', 'Cayman Chemical Company (United States)', 'Quercegen Pharmaceuticals (United States)', 'Chr. Hansen Holding A/S (Denmark)', 'Layn Natural Ingredients Corporation (China)', 'Bioriginal Food & Science Corp. (Canada)', 'FutureCeuticals, Inc. (United States)', 'Pharmachem Laboratories, LLC (United States)', 'Sabinsa Corporation (United States)', 'Nature's Power Nutraceuticals Corp. (Canada)', 'Foodchem International Corporation (China)', 'Tianjin Jianfeng Natural Products Co., Ltd. (China)', 'Shaanxi Jiahe Phytochem Co., Ltd. (China)', 'Xi'an Green Source Co., Ltd. (China)', 'Changsha Huir Biological-tech Co., Ltd. (China)', 'Hunan Huacheng Biotech, Inc. (China)', 'Jinan Prosweet Biotechnology Co., Ltd. (China)', 'Sichuan Xieli Pharmaceutical Co., Ltd. (China)'

The increasing consumer focus on health and wellness, along with the rising awareness about the potential health benefits of flavonoids, is driving the demand for functional foods and dietary supplements that contain flavonoids. Consumers are seeking natural and plant-based ingredients that can provide health benefits, and flavonoids are being increasingly used in the formulation of such products.

Flavonoids are also being used in the cosmetic and personal care industries due to their antioxidant and anti-aging properties. Flavonoids are used in skincare products, hair care products, and other personal care formulations for their potential benefits in promoting skin health, reducing oxidative stress, and protecting against environmental damage.

Almost 35% of income came from the largest market, which was North America. In North America, there is a significant prevalence of a number of chronic, diet-related illnesses that can be prevented, such as type 2 diabetes, cardiovascular disease, and obesity. The demand for dietary items like flavonoids has surged as a result of this.