Flavonoids Market Size, Share & Trends Analysis Report By Type, By Application (Nutraceutical and Functional Foods, Pharmaceuticals, Cosmetics), By Region, And Segment Forecasts, 2024 - 2030

Flavonoids Market Size & Trends

The global flavonoids market size was valued at USD 989.6 million in 2023 and is projected to grow at a CAGR of 11.1% from 2024 to 2030. It is attributable to the rising focus on preventive healthcare with the consumption of natural ingredients. The market witnessed a major shift in the rise of flavonoid adoption due to the increasing health consciousness as these agents offer anti-cancer properties to maintain cardiovascular health. Their ability to inhibit tumor growth, reduce inflammation, and modulate cell signaling pathways contributes to their adoption in cancer therapy.

The robust expansion of the nutraceutical industry has led to an increasing demand for flavonoids. Plant-derived flavonoids have increasingly gained traction for their health benefits owing to their antioxidant properties which help prevent chronic diseases. These agents are heavily relied on as natural coloring agents in ready-to-eat (RTE), packaged, and processed foods for their antibacterial, antifungal, and antiviral properties. In addition, flavonoids are applied in ruminant feed additives. They modify microbial activity, maintain pH balance, and enhance protein degradation, contributing to improved livestock health.

Furthermore, the rising consumer awareness about health and beauty has significantly propelled demand for flavonoid-rich supplements. These compounds protect skin from UV damage and promote collagen synthesis, contributing to the market growth. In addition, the rising disposable incomes have encouraged consumers to seek flavonoid-enhanced high-quality skincare products with antioxidant properties.

Technological advancements and ongoing R&D activities in flavonoids have explored new applications and formulations such as membrane separation and critical fluid extraction. These efforts are aimed at enhancing plant-derived flavonoids’ quality and availability as practical foods and nutraceuticals.

Type Insights

Anthocyanins type dominated the market and accounted for a share of 43.5% in 2023 owing to the rising consumer demand for natural ingredients with proven health benefits. Anthocyanins, known for their antioxidant and anti-inflammatory properties, have catered to consumer demand as health and wellness-promoting compounds. In addition, the ongoing R&D efforts have led to improved extraction methods that enhance the efficiency of anthocyanin production to tailor individual health needs based on genetic profiles. These compounds have been widely integrated with nanotechnology and biotechnology to enhance bioavailability and functionality in various applications. Furthermore, anthocyanins protect against UV damage that led to its increased usage in premium skincare products.

Flavones are expected to emerge as the fastest CAGR segment over the forecast period owing to their widespread adoption in food and beverages. Flavones including compounds such as luteolin and apigenin, found in various plant sources, possess antioxidant, anti-microbial, and anti-inflammatory properties. These characteristics make them useful in the personal care and pharmaceutical industries. Moreover, flavones are widely researched for their anticancer effects for their ability to inhibit tumor growth and modulate cell signaling in cancer treatment.

Application Insights

Nutraceutical and functional foods accounted for the largest market revenue share in 2023. The growing awareness about health benefits has primarily accelerated the demand for flavonoid-rich foods in this segment. Flavonoids, with their perceived health-promoting properties including antioxidant protection and anti-inflammatory effects, contribute to cardiovascular health. In addition, the market witnessed a major shift in consumer preferences inclining towards natural ingredients and transparent manufacturing labels in their meals and beverages. This has further fueled flavonoid adoption in nutraceuticals.

The cosmetics industry is expected to register the fastest-growing CAGR of 13.0% over the forecast period. Flavonoids, such as anthocyanins and flavanols, play a vital role in protecting and rejuvenating the skin. They shield against UV damage, pollution, and sunlight, promoting overall skin health. The agent’s strong antioxidant and anti-aging properties have resulted in widespread usage in anti-wrinkle lotions, sunscreens, and other pores and skin protection products. Moreover, flavonoids are added to premium cosmetics to reverse damage caused by environmental factors, fight hyperpigmentation, and enhance skin elasticity and overall appearance.

Regional Insights

The flavonoids market in North America accounted for 33.9% of the market share in 2023. Consumers in the region have increasingly sought natural and minimally processed ingredients, driving considerable preference for flavonoids as wholesome, clean-label components. Moreover, the market has benefitted from the growing adoption of functional foods and nutraceuticals enriched with flavonoids.

U.S. Flavonoid Market Trends

The U.S. flavonoids market held a propellent market share in 2023 owing to their health-promoting properties. Consumers have favored flavonoids as functional ingredients for their antioxidant, anti-inflammatory, and cardiovascular benefits. Moreover, the market witnessed consumers increasingly prefer clean-label products. As flavonoids are derived from plant sources, they have aligned with this trend as minimally processed ingredients.

Europe Flavonoids Market Trends

The Europe flavonoid market secured 24.8% of the market share in 2023 owing to the rising incidence of diabetes, obesity, and other chronic health conditions. This has resulted in the growing demand for nutrient-dense, functional foods and beverages. Flavonoids with their health-enhancing properties have been increasingly sought after by health-conscious consumers.

Asia Pacific Flavonoid Market Trends

The Asia Pacific flavonoids market held the dominant share of 34.9% in 2023. This growth can be credited to the increasing health consciousness among consumers driving significant demand for flavonoid-rich foods and supplements. The market witnessed a rise in demand for flavonoid-abundant fruits, vegetables, and teas for antioxidant benefits and support cardiovascular health. Moreover, the increased per capita incomes have positively impacted the consumption of berries, rich in flavonoids. Berries such as blueberries, strawberries, and raspberries contain high levels of anthocyanins which remarkably improve skin health.

Key Flavonoid Company Insights

The companies operating in the global flavonoids market primarily focus on R&D activities to innovate their extraction and purification processes for enhanced flavonoid results. They have undertaken several strategic initiatives, such as product development, collaborations, mergers, and acquisitions to increase their customer base.

• Biosynth is a life sciences company that supplies critical raw materials and services to the pharmaceutical, vaccine, and diagnostic industries. With facilities across three continents including Switzerland, the UK, Slovakia, China, and the U.S., Biosynth offers an extensive research product portfolio of over one million products. Their expertise spans complex chemicals, peptides, and key biologics including synthesizing carbohydrates, nucleosides, or enzyme substrates.

• Cayman Chemical Company, Inc. manufactures biochemicals, assay kits, antibodies, and recombinant proteins. The company also provides contract services for custom analysis, chemical synthesis, screening, assay development, and drug discovery.

Recent Developments

• In December 2023, Biosynth, a prominent raw material supplier to the life science industry, announced its acquisition of VIO Chemicals which specializes in chemical R&D expertise. This strategic move is aimed at making Biosynth’s potential to support customer supply chains with greater flexibility in scales for complicated chemical manufacturing.

Flavonoids Market Report Scope

Global Flavonoids Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global flavonoids market report based on type, application, and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Anthocyanins

  • Flavones

  • Anthoxanthins

  • Others

• Application Outlook (Revenue, USD Million, 2018- 2030)

  • Nutraceutical and Functional Foods

  • Pharmaceuticals

  • Cosmetics

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Spain

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • South Africa