The global flavonoid market size was US$ 1,711 million in 2021. The global flavonoid market is forecast to grow to US$ 2,900 million by 2030, registering a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.

Flavonoid is a type of polyphenol found in plants that possess antioxidant properties. The pigments or colors in vegetables, fruits, and flowers are largely due to flavonoids. Isoflavones, anthocyanin, and other flavonoid products are commonly synthesized for industrial use. In addition, it is also generally used to treat cardiovascular disorders, cancer, arthritis, obesity, hypertension, and other illnesses.

Factors Influencing the Market

The growing demand for novel pharmaceuticals is driving the growth of the global flavonoid market. In addition, increasing awareness regarding health and natural products will fuel the growth of the global flavonoid market.
Flavonoids have a number of promising biochemical and antioxidant qualities, which help cure cancer, Alzheimer's disease (AD), atherosclerosis, and others. All of these factors are forecast to contribute to the growth of the global flavonoid market.
Flavonoids find their applications in a variety of other industries, such as nutraceuticals and food and beverage. Thus, the demand for flavonoids is likely to rise during the study period. Furthermore, increasing inclination towards convenience foods, including frozen, dried, and canned foods, are likely to offer ample growth opportunities for the global flavonoid market.
Growing urbanization and rising working population are likely to benefit the global flavonoid market.
Regional Analysis

North America holds the highest market share in the global flavonoid market. The growth of this region is attributed to the increasing consumption of flavonoids as a supplement. In addition, the increasing cases of disorders like excessive cholesterol, high blood pressure, coronary heart disease, atherosclerosis, and congestive heart failure are likely to create potential scope for the flavonoid market. In addition, the increasing demand for frozen food in the region will surge the growth of the flavonoid market during the study period.

COVID-19 Impact Analysis

The COVID-19 pandemic has positively influenced the global flavonoid market. The demand for novel pharmaceuticals increased abruptly, which fueled the growth of the global flavonoid market. In addition, the inclination towards frozen foods also grew. As a result, the global flavonoid market witnessed significant growth opportunities due to the pandemic.

Competitors in the Market

Cayman Chemical Company
Foodchem International Corporation
INDOFINE Chemical Company, Inc.
Extrasynthese
Toroma Organics Ltd
Pharmachem Laboratories Inc.
Organic Herb Inc.
Phytocompounds
Indena S.p.A
Other prominent players
Market Segmentation

The global flavonoid market segmentation focuses on Type, Application, and Region.

Global Flavonoid Market, By Type:

Anthocyanins
Flavones
Anthoxanthins
Flavanones
Isoflavones
Chalcones
Global Flavonoid Market, By Application:

Pharmaceutical
Food and Beverages
Nutraceuticals
Animal Feed
Global Flavonoid Market, By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America