Flavanones are amongst the major group of flavonoids that are widely obtained from citrus plants. The global Flavanones Market Overview 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.
Flavanone Market - Competitive Analysis:
Merck KGaA (Germany), Cayman Chemical (US), Chengdu Hawk Bio-Engineering Co. Ltd (China), Monteloeder (Spain), Bolise Co., Limited (China), KINGHERBS (China), Extrasynthese (France), Foodchem International Corporation (China), Xi'an App-Chem Bio (Tech) Co. Ltd (China), and INDOFINE Chemical Company, Inc. (US) have been included in the global flavanone market study of the MRFR. The study would assess the impact of various strategic moves that can help in charting the growth trajectory of the market.
Flavanone Market - Segmentation:
The global Flavanones Market as the study of the MRFR suggests, has been segmented by type and application. This segmentation provides a much-detailed look of the market and assists in understanding several market dynamics that can impact the strategy-making decisions.
By type, the global market report covering the flavanone market has been segmented into naringenin, hesperidin, and others. The hesperidin segment had the largest market share and is set to fetch in more revenues by growing the highest CAGR during the forecast period.
By application, the global market report covers the market for flavanone by getting it segmented into functional food beverages, animal feed, pharmaceuticals nutraceuticals, and others. The pharmaceuticals nutraceuticals segment had the largest market share in 2018. However, the functional food beverage segment has the opportunity to record the growth with the highest CAGR till 2024.
Flavanone Market - Regional Summary:
In North America, the flavanone market has the opportunity to score high due to its high inclusion in the food beverage segment. The growing investment in developing top-class products can assist the food beverage segment to generate more revenue. Its growth would also gain much support from the pharmaceutical sector where the constant rise in investment to develop better drugs can inspire the intake of flavanone. In the nutraceutical sector, this growth can make a significant impact.
Europe has similar chances as both these regions are quite alike in terms of market opportunities. Several countries like Russia, France, Germany, the UK, and others are on track to provide better support to their food beverage industry and trigger changes for their food beverage industry. The growing awareness regarding healthy life can inspire the intake of nutraceuticals where flavanone would have ample support.
The market in the Asia Pacific is all set to register the fastest CAGR during the review period as several booming industries are creating opportunities for the market. These are expected to foster the inclusion of flavanone into industries related to food beverage and medical drugs.
Read More about the Report: https://www.marketresearchfuture.com/reports/flavanones-market-7949
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