Flavanones are amongst the major group of flavonoids that are widely obtained from citrus plants. The global flavanones market is expected to garner a revenue of USD 140 Million by 2024 and register a CAGR of 3% during the forecast period of 2019 to 2024. Manufacturers of flavanones are expected to witness lucrative opportunities during the forecast period owing to the high consumption of flavanones as flavoring agents and dietary supplements. Surging demand for functional food ingredients and flavanones food products is expected to render profitable opportunities to the vendors active in the global flavanones market. Advancements in flavanones production technology such as the use of co-cultures to produce microbial-based flavanones is expected to offer growth opportunities to the players active in the global flavanones market.
By application, the global flavanones market has been
classified as functional food & beverages, pharmaceuticals and
nutraceuticals, animal feed, and others. The pharmaceuticals and nutraceuticals
segment is expected to garner the largest market share throughout the review
period owing to the high consumption of flavanones in nutraceutical
supplements. However, the functional food & beverages segment is expected
to register the highest growth rate during the forecast period due to the
increasing health awareness and consumption of functional food & beverages
among the consumers.
Key Players
Some of the key players in the global flavanones market are
Kingherbs (China), Merck KGaA (Germany), Xi'an App-Chem Bio (Tech) Co. Ltd
(China), Monteloeder (Spain), Chengdu Hawk Bio-Engineering Co. Ltd (China),
INDOFINE Chemical Company, Inc. (US), Cayman Chemical (US), Bolise Co., Limited
(China), Foodchem International Corporation (China), and Extrasynthese
(France).
Regional Analysis
The global flavanones market has been segmented, by region,
into North America, Europe, Asia-Pacific, and the rest of the world.
The market in North America is projected to dominate the
global flavanones market owing to the growing health concerns among consumers,
who are switching to safer food alternatives. In addition, increasing health
issues in the region such as cardiovascular diseases, obesity, and diabetes is
also driving the growth of the North American flavanones market. The growing
number of health-conscious consumers and a rise in inclination for food having
functional properties are expected to drive the growth of the market in Asia-Pacific,
which is expected to register the highest CAGR during the forecast period.
Complete Report Details @ https://www.marketresearchfuture.com/reports/flavanones-market-7949
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