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Flavonoids are the group of compounds which consist of antioxidant properties.
Flavonoids are primarily derived from carrots, broccoli, citrus fruits, berries, peppers,
tomatoes, soybeans, and other fruits and also helps in vegetables. Flavonoids anti-oxidant
properties plays an important role in preventing many diseases and also prolongs the
shelf life of food products by protecting them against deterioration caused by oxidation.
Flavonoids inhibit the action of certain hormones such as estrogen, and enable to prevent
hormone based malignancies such as breast cancer, prostate cancer and others.
Increasing aging population coupled with rising demand of cancer fighting product is
expected to support the growth of flavonoids market in the near future.
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Flavonoid Market Segmentation
Flavonoids market is segmented on the basis of type which includes, flavanones, flavones,
isoflavonens, chalcones, anthoxanthins and anthocyanins. Among all these segments
anthocyanin is expected to be dominant in terms of revenue contribution. Increased
usage of anthocyanin by food and beverages industry as a coloring agent is expected to
attribute this growth. Moreover, flavones is predicted to witness a substantial growth in
the near future.
The flavonoids market is further segmented on the basis of application which includes
food and beverages industry, pharmaceutical industry, animal feed industry and
nutraceutical industry. Among all these segment nutraceutical industry is expected
account for the major market share as compared to remaining segment. Increasing