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

Global 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).

Pharmaceuticals, nutritional supplements, cosmetics, and functional food and beverages are just a few of the uses for flavonoids. In the food business, they serve as colouring and sweetening agents.

Around 30% of the market in the United States was devoted to the use of flavonoids in functional foods. The market in this industry was primarily driven by an increase in the usage of anthocyanin, a significant flavonoid, as a colouring agent. Despite the fact that flavonoids are more readily ingested in their natural state, shifting consumer food consumption patterns have resulted in their use in a variety of functional food products. Layn Natural Ingredient Corp., Ltd. (Layn Natural Ingredients) announced the growth of its selection of tea extracts in October 2021. In response to rising consumer demand for clean-label, nutritious, useful natural ingredients, Layn Natural Ingredients increased the array of tea extracts it offered. Flavonoids, polyphenols, and other active compounds, as well as antioxidants with scientific backing, are present in tea extracts.

US Flavonoids Market is poised to grow at sustainable CAGR for the next forecast year.