Market Research Report
United States Flavonoid Market Forecast 2021-2026
|Published by||Inkwood Research||Product code||1000729|
|Published||Content info||101 Pages
Delivery time: 2-3 business days
|United States Flavonoid Market Forecast 2021-2026|
|Published: April 19, 2021||Content info: 101 Pages||
The United States flavonoid market growth is anticipated to progress at a CAGR of 3.65% during the forecast period, 2021-2026. The rising geriatric population, growing health expenditure, and high market penetration rate of global brands propel market growth.
The growing health awareness among millennials is a major growth driver in the United States. The increasing demand for junk food due to changing lifestyles has led to high incidences of obesity and cholesterol. Also, the rising discretional revenue and easy availability of functional foods are promoting the market growth. Further, the diverse applications of flavonoids in the food & beverage and nutraceuticals sectors aid in supplementing flavonoids' demand. The rising demand is also attributed to the growing need for a longer shelf life of convenience food.
The shifting consumer lifestyle has surged the demand for beauty & health supplements, which fuels flavonoids consumption. Flavonoids have antioxidant and soothing properties, and are thereby utilized in the cosmetics industry for skin care applications. Another primary factor driving market growth is the application of flavonoids as an anti-cancer drug. Flavonoids have anti-microbial properties, prevent cancer cell growth, and cure stomach ulcers. Such factors are expected to boost the United States flavonoid market growth.
Some of the leading companies in the market are Ashland Global Holdings, Quercegen Pharmaceuticals, Cayman Chemical Company, Extrasynthese, Merck KGaA, etc.