Global
Bioflavonoids Market: Overview
With
increase inclination of consumers towards functional foods and health
conscious consumer behavior will provide an opportunistic platform
for bioflavonoids products due to their nutritious and herbal
remedial properties. Bioflavonoids is a large class of naturally
occurring plant-derived compound that exhibit anti-oxidant property
and are primary plant pigments. They are abundantly found in rinds
and pulp of citrus fruits and other foods that are rich in Vitamin C
such as soya bean, broccoli and red peppers and others. Bioflavonoids
have a close association with Vitamin C as they enhance the
effectiveness of other compounds and also prevents the breakdown of
Vitamin C in the body.
Apart
from acting antioxidant, bioflavonoids (such as rutin, quercetin)
helps to maintain the circulatory system by maintaining adequate
capillary pressure and vascular permeability. Bioflavonoids offer
wide range of other biochemical functions such as anti-neoplastic,
anti-aging, anti-mutagenic, anti-microbial, lipid lowering activity,
immunosuppressant, platelet aggregation, enzyme activity, etc.
Global
Bioflavonoids Market: Drivers and Restraints
Bioflavonoid
products are gradually gaining vital importance in the market. Owing
to increasing demand for functional foods, the bioflavonoids
market
is anticipated to witness robust growth in the near future. Also,
health conscious behavior of consumer is driving the market towards
natural products, which is further anticipated to result in
bioflavonoids market growth. With escalating aging population,
changing consumer consumption patterns towards healthy food products.
Moreover, bioflavonoids product have more life shelf, thus increasing
their longevity, resulting in adoption among food and beverage
manufacturers. Advent of genetic engineering will boost the growth of
bioflavonoids market. Nutrition-based products are becoming the
preferred choice of today’s youth and thus acting as a promoting
factor this market.
However,
due to lack of awareness among people related to bioflavonoids being
a rich source of vitamin C and also other associated health benefits
is hampering the growth of the market. Moreover, bioflavonoids
require specific conditions for their growth in microorganisms and
plants, which involves a significant amount of precision and
financial cost. Non-availability of these factors in few regions is
restraining the market growth.
Global
Bioflavonoids Market: Segmentation
Bioflavonoids
can be classified into a variety of forms as they hold important
properties and are segmented as:
On
the basis of structural class, bioflavonoids are segmented into:-
- Flavones
- Flavanols
- Isoflavones
- Anthocyanidins
- Others
On
the basis of application, bioflavonoids are segmented into:-
- Food & beverages
- Pharmaceutical Industry
- Animal Feed Industry
Global
Bioflavonoids Market: Region wise Outlook
The
bioflavonoids market is divided into seven regions, namely North
America, Latin America Western Europe, Eastern Europe, Asia Pacific
excluding Japan (APEJ), and Japan. With the increase in the
prevalence of lifestyle diseases and aging population, consumers in
North America are moving towards more anti-oxidant products. Thus,
escalating the market of bioflavonoids in U.S and other parts of
North America, as bioflavonoids products have an antioxidant property
that has the anti-aging effect. In Latin America, Chile emerged out
to be the leading country as the consumer consumption pattern is
shifting from junk food to nutritious food options. The demand of
bioflavonoids is expected to increase with the change in the food
trend. With the growing economies and growth in awareness among the
consumer the Asia Pacific regions like India, China will further fuel
the demand for bioflavonoids products. European countries will
witness a profitable growth in this market, owing to rising
consumption of nutrition-based products.
Global
Bioflavonoids Market: Key Players
Some
of the key players identified in the global bioflavonoids market
include:
- Aquapharm Bio-Discovery Limited
- Agilent Technologies, Inc.
- Cayman Chemical Company
- Changsha Organic Herb Inc
- Extrasynthese
- Foodchem International Corporation
- Frontier Natural Products Co-op
- International Flavors and Fragrances
- Indofine Chemical Company, Inc
- Kemin Industries, Inc
- Meherrin Agricultural & Chemical Company
- Organic Herb Inc
- Pharmachem Laboratories Inc
- SV Agrofood
- Sigma-Aldrich Corp.
- Toroma Organics Ltd
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