Bioflavonoids Supplements Market Outlook
Dietary Supplements are in demand these days with the rise in the number of people preferring a healthy diet due to increasing health issues. Increasing demand from the manufacturer due to a large-scale application as dietary supplements and food additives has been driving the market. Globally the value and sales of the vitamins, minerals, and nutritional and herbal supplements (VMHS) show consistent and constant growth. Dietary Supplements market has become one of most significant markets in the world with North America, Asia-Pacific and Europe being current key players. Bioflavonoids are one of the important dietary supplements that are used widely for its medicinal and nutraceutical properties. Bioflavonoids are secondary metabolites produced by plants, these pigments are known to give color to many fruits and flowers. Bioflavonoids are chemically polyphenols and are popular as antioxidants. Bioflavonoids supplements are gaining popularity and are more explored by manufacturers as well as consumers for its benefits.
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Growing Demands for Bioflavonoids Supplements Due to Versatile Properties in End Use Applications
The global market demand for dietary supplements like bioflavonoids supplements is increased day by day. Bioflavonoids supplements have many medicinal properties like anti-inflammatory activity, anti-viral, and anti-bacterial activity. Increasing awareness about having a balanced diet, consumers preferring herbal supplements, tendency to prevent the health issues due increase in hospitalization prices are some of the primary drivers of the bioflavonoids supplements market. Increase in disposable income, increase in sports players and rise in per-capita income, especially in developing countries are some of the secondary driving factors. The high amount health benefits and the introduction of customized products by manufacturers of bioflavonoids supplements are certainly attracting the consumers. Bioflavonoids supplements are preferred along with vitamin C supplements as they increase the ability of the body to absorb vitamins at a quicker rate and thus, increase anti-oxidant activity is also getting preference by users. Oxidative Stress is a rising health problem, and bioflavonoids supplements as they contain high concentrations of antioxidants are getting popular as an herbal alternative to medicines helping people in sustaining a healthy life. Bioflavonoids supplements are gaining popularity among gym-going people as boost natural endurance and improve the immune system. Thus, with more interest from pharma and nutraceutical companies, the amount of bioflavonoids supplements products are supposed to grow significantly during the forecast period.
Global Bioflavonoids Supplements: Market Segmentation
On the basis of type, the global Bioflavonoids supplements market has been segmented as-
- Citrus Bioflavonoids
- Green Tea Polyphenols
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On the basis of form, the global Bioflavonoids supplements market has been segmented as-
On the basis of application, the global Bioflavonoids Supplements market has been segmented as-
- Dietary Supplements
- Food and Beverage Additives
- Animal Feed Additives
Global Bioflavonoids Supplements Market: Key Players
The global market Bioflavonoids supplements is competitive. Some of the key players in the market include Nans Products, Healthy Planet, Nature’s Way Products, NutraMarks Inc., Natural Organics Inc., Nature’s Sunshine Products Inc., Amway, NOW Foods, Maximum Living, Kosher Vitamins, Country Life LLC. More companies are taking an interest in developing Bioflavonoids supplement products.
Opportunities for Market Participants
Bioflavonoids Supplements are widely exploited by food supplements and pharmaceuticals sector in order to increase market in terms of value and volume. The approach of using bioflavonoids supplements along with other supplements so as to attract health-conscious as well gym going consumers can boost the demand. E-commerce is popular in developed countries as well as developing countries have opened new opportunities for manufacturers for introducing the product as well as making the consumer aware about benefits of products. Increasing the awareness about the benefits of herbal food supplements like bioflavonoids in underdeveloped countries can create good opportunities in its market. Benefits of replacing and synthetic additives with bioflavonoids supplements in poultry feed have created lucrative opportunities in terms of value and volume in the animal feed sector. Application of bioflavonoids supplements as a taste enhancer as well as a natural preservative can improve the market for bioflavonoids supplements in the food and beverage sector. With the increase in application in various sectors and awareness of consumers the market for bioflavonoids supplements is expected to increase during the forecast period.
Global Bioflavonoids Supplements Market: A Regional Outlook
The use of bioflavonoids supplements has risen in the countries like the USA, Japan where people prefer to have herbal supplements largely. The major regions for bioflavonoids supplements market include Europe and Asia Pacific countries. The increased use and acceptance of herbal extracts as food and beverage additives in countries like India, Germany, China, UK, and France is expected to support the growth in market demand for bioflavonoids supplements. With the increase in a number of investors as well as with rising in awareness of people about the safety and benefits of bioflavonoids supplements, substantial growth in demand is anticipated in the region of Latin America in coming years. With these factors, the market for bioflavonoids supplements is expected to grow in a positive manner during the forecast period.
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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