Market Research Report
Europe Flavonoid Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||1000727|
|Published||Content info||126 Pages
Delivery time: 2-3 business days
|Europe Flavonoid Market Forecast 2021-2028|
|Published: April 19, 2021||Content info: 126 Pages||
The Europe flavonoid market is anticipated to record a CAGR of 4.11% during the forecast period, 2021-2028. The growing demand for beauty & health supplements and the increasing use of flavonoids in pharmaceuticals, cosmetics, and nutraceuticals, offer growth opportunities.
The Europe flavonoid market growth analysis includes the evaluation of Russia, the United Kingdom, Italy, France, Belgium, Germany, Poland, and Rest of Europe. There is growing health awareness among German consumers, contributing to the dietary supplement market growth in Germany. The flavonoid market growth in Germany is attributed to the rising online sales platforms and the increasing inclination among women towards dietary supplements. There has also been an increase in botanicals and homeopathic formulations sales, given its natural profile and associated label claims. The country is also one of the largest cosmetic markets in Europe, with drug stores being the largest distribution channel in the beauty & personal care industry. Further, consumers are becoming increasingly sensitive about the ingredients used in beauty & personal care products, looking for alternatives free from aluminum, silicone, sulfates, and parabens. Such factors are projected to boost the market growth in Germany.
In Italy, the flavonoid market growth is accredited to the growing inclination towards preventive health management practices. Also, the increasing geriatric population propels the demand for dietary supplements to prevent health conditions. The country is observing a rising health culture. The market penetration level and awareness of dietary supplements in Italy are high, particularly among health-conscious millennials. The surging popularity of natural and organic ingredients has led to consumers showing increased consideration toward product composition. Such factors are expected to enable market growth in Italy.
Some of the eminent players in the market are Cayman Chemical Company, Foodchem International Corporation, Bordas SA, Bioriginal Food and Science Corp, Indena SpA, Extrasynthese, etc.