Flavonoids Market To Propel And Reach USD 1047.63 Million In 2021
Foodchem International Corporation, Kemin Industries, Meherrin Agricultural & Chemical Company, EXTRA SYNTHE SE, Quercegen Pharmaceuticals, Cayman Chemical Company, Aquapharm Bio-Discovery Limited, International Flavors and Fragrances, and Indofine Chemical Company Inc among others are some of the key companies in the global flavonoids market. These players are set to power the demand of flavonoids market in the near future.
As per analysts at Zion Market Research, the global flavonoids market was capitalized at more than USD 840.2 Million in 2015. The flavonoids market is likely to cross more than USD 1047.63 Million in 2021 and is expected to increase at a CAGR of slightly more than 3.75% from 2015 to 2021.
Increasing Awareness Regarding Health Consciousness Amongst The Teen Generation To Boost The Flavonoids Market
As per analysts at Zion Market Research, there has been the huge requirement for junk food owing to altering lifestyle, which in turn has resulted in the possible development of disorders such as high cholesterol and obesity. Hence, increasing awareness regarding health consciousness amongst the teen generation is boosting the flavonoids market. Easy availability of functional foods and increasing discretional revenue is likely to positively affect the development of flavonoids market in the years to come. In addition to this, diverse applications of flavonoids in nutraceuticals sector and food & beverage sector assist in powering the demand of flavonoids market. Surplus usage of flavonoids can switch the flavonoids to mutagens, which may hinder the development of flavonoids market.
Nevertheless, untapped areas of flavonoids market in the emerging nations are expected to offer plenty opportunities in years to come. Various R&D activities on flavonoids are also likely to boost the flavonoids market. For instance, in June 2018, it was established that a type of flavonoid discovered in dark-pigmented fruits such as red blueberries and grapes might slow the lung function decline that takes place with aging. This was as per new study showed at the ATS 2018 International Conference.
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Hectic Lifestyle Of The People In North America To Impact The Flavonoids Market Positively In The Years To Come
The flavonoids market was ruled in 2015 by North America and was believed to be the highest income creating area. This was majorly owing to the hectic lifestyle of the people in this area, which resulted in various disorders, boosting the flavonoids market. In addition, high usage of antioxidants supplements also propelled the flavonoids market. The number of people suffering from depression and obese people in this area is increasing, which is helping the development of flavonoids market in North America. Europe was the second biggest area fro flavonoids market in 2015 owing to increasing aging population in this area.