Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Flavonoids Market size is expected to reach $1.5 billion by 2028, rising at a market growth of 12.1% CAGR during the forecast period.
The Anthoxanthins segment is showcasing a CAGR of 12.6% during (2022 - 2028). Plants produce anthoxanthins, which is a type of flavonoid pigment. Anthoxanthins are water-soluble pigments that can be white, colorless, creamy, or yellow. They are frequently seen on the petals of flowers. In general, these pigments turn yellow in an alkaline medium and turn whiter in an acidic medium.
The Functional Beverages segment is leading the Global Flavonoids Market by Product in 2021, thereby, achieving a market value of $509.1 Million by 2028. Functional beverage products enhance myocardial metabolic pathways, which prevent thrombus formation. Drinks containing flavonoids aid to boost the immune system, manage anthropogenic stress, and lessen the teratogenic, mutagenic, and carcinogenic effects, which will increase demand over the projection period.
The North America market dominated the Global Flavonoids Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $509.8 Million by 2028. The Europe market is exhibiting a CAGR of 11.6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 12.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/flavonoids-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ashland Global Holdings Inc., Indena S.p.A., Cayman Chemical Company, Inc., Foodchem International Corporation, Quercis Pharma AG, INDOFINE Chemical Company, Inc., Extrasynthese, Toroma GmbH, Organic Herb Inc., and Natural Remedies Private Limited.
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