Surge in production levels of taxifolin, though, demand-supply gap exists
Taxifolin production has been increasing per year, though the demand-supply gap exists. It is owing to the skyrocketing demand of taxifolin across several applications including food and beverages, healthcare, cosmetics and agriculture. Europe stands as the largest taxifolin market, followed by North America. However, the taxifolin market is projected to grow at the fastest pace in APEJ region, owing to the fast paced population growth that have requirement of these applications.
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Taxifolin of purity level of <95% generates higher revenue
Based on purity level, taxifolin can be classified into less than 95% and greater than or equal to 95%. Taxifoiln with a purity level lower than 95% is expected to account for higher revenue share. However, taxifolin with purity level ≥95% is expected to growth at a faster pace, during the forecast period. There are several applications of taxifolin including dairy products and confectionary where higher purity is required. The growing demand for these products have been translating into the higher growth rate of taxifolin with higher purity level.
APEJ is projected to grow at the fastest pace in the Taxifolin market
Although Europe is the largest taxifolin market, APEJ is anticipated to witness fastest growth during the forecast period. Most of the taxifolin manufacturers are located in Russia and China. It is due to the easy availability of raw materials in these countries. Conifers such as Siberian larch can be commonly found in these countries, thus making them the production hub of taxifolin. Russian government has also been investing in the production of taxifolin, especially in the Magadan region.
Growing population as well as urbanization in China has led to the surge in demand for food, pharmaceutical products and advanced health solutions. In 2017, there were over 288 million people in China suffered from cancer, which has significantly increased in the recent past. This has translated into the growing demand for taxifolin in these sectors in China. India is another country where the population has been growing at an abrupt pace, thus generating higher demand for food and beverages, healthcare and other basic commodities.
Owing to the concentration of taxifolin manufacturers to a few countries, most of the market is trade based. Also, due to limited number of suppliers, the taxifolin market demand is not being entirely fulfilled, and whatever volume is produced is consumed every year. However, the lucrativeness of this market is encouraging several new entrants to enter the taxifolin market. Though this has increased the incremental taxifolin production each year, however, the increasing demand has been further making it difficult to meet the requirement.
Increasing applications of Taxifolin increases its market value
The availability of several research papers that claim taxifolin as a potent ingredient across several applications, have boosted its demand. The antibacterial, antimicrobial, and anti-inflammatory properties of taxifolin has been augmenting its demand across several application areas including food and beverages, healthcare, and agriculture. The smallest volume of taxifolin produces significant effect as it helps in combating oxidative stress and protects the body from free radicals.
Food and beverages and healthcare are the two key application areas of taxifolin, which together generates over 60% of the total demand. In food and beverages sector, the taxifolin demand has been increasing significantly in dairy products, alcoholic and non-alcoholic beverages, meat processing, and confectionary.
In pharmaceutical sector, the demand for taxifolin has been increasing has been increasing, largely as an inhibitor of ovarian cancer cell growth. Besides, the derivatives of taxifolin have anti-proliferative effects on breast cancer cells. The characteristic of taxifolin as being resistant to light further increases its utility in the field of medicine. Also, taxifolin has higher antibiotic activity as compared to antioxidants including tocopherols and carotenoids. Taxifolin slows down the oxidation process in cosmetics products having non-saturated fatty acids that are prone to oxidation. Due to this, its demand has been significantly increasing in the cosmetics sector.
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Taxifolin market featured by low intensity of competition
There are moderate number of players operating in the taxifolin market, though the competition remains low. The taxifolin manufacturers have also been targeting to increase the number of their customers. Raw materials costs features as the larger part of the operating costs in the taxifolin market. Another important area of investment in the taxifolin market includes research and development activities. One of the key hurdles for the new entrants in the taxifolin market is obtaining certification for manufacturing. There are several unorganized manufacturers of taxifolin that offer sub-standard product. This to some extent has eroded the trust of several customers.
In the U.S. market, Taxifolin with Generally Recognized as Safe (GRAS) certification holds high importance. Some of the leading players in the taxifolin market have acquired patented technologies that they highlight as their unique selling proposition. The taxifolin manufacturers also focus on reducing the manufacturing lead time with the help of latest technologies.
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The key players in the global taxifolin market includes JW Health Products, Kingherbs Ltd, Kalenika Group, Cayman Chemical, Ametis JSC, Abcam plc, and Adooq Bioscience. There are several other taxifolin providers that include, Linjiang Jianwei Biotech Co. Ltd., and Hangzhou J&H Chemical Co., Ltd.
This report offers a 10-year forecast (2018–2028) of the global taxifolin market. The global market is estimated to grow at a CAGR of over 5% growing from US$ 1.4 Bn in 2017. Taxifolin with less than 95% purity stands as the largest market. Among applications, taxifolin demand is projected to grow at the fastest pace in food and beverage.
The primary objective of the report is to offer updates on advancements in the global Taxifolin market.
The increasing necessity to enhance shelf life, and add antioxidant properties to the end-use products has led to a growth in the taxifolin market. The key application areas of Taxifolin includes food and beverages, healthcare, pharmaceuticals and agriculture. Europe has been the largest market for taxifolin, while APEJ leads the market growth.
Fact.MR analyses the performance of the Taxifolin market on the basis of global demand and market revenue as this is essential in understanding the future growth potential of the market. This section also includes Fact.MR’s analysis of key trends, drivers, restraints and opportunities that influences the Taxifolin market growth. Impact analysis of key growth drivers and restraints across all major regions, based on the weighted average model, is included in the Taxifolin market report to better equip clients with crystal clear decision-making insights. The market size of Taxifolin has been calculated in terms of value (US$ Mn), and volume (Kg).
Taxifolin market is an aggregation of segmentation such as purity level (<95% and ≥95%), application (food and beverages, healthcare, pharmaceuticals, and agriculture), and region (North America, Latin America, Europe, Asia-Pacific exc. Japan, Japan, and Middle-East & Africa). All segmentations in the Taxifolin market report have been discussed across six regions. We have considered 2017 as the base year and provided data for the trailing 12 months for Taxifolin market report.
To deduce the market size for Taxifolin, we have considered the overall revenue generated from sales of Taxifolin across various regions. The forecast presented here assesses the total revenue generated across the Taxifolin market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the Taxifolin market would develop in the future. However, forecasting the market in terms of various Taxifolin segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities in the Taxifolin market.
Another key feature of this report is the analysis of all the key Taxifolin market segments and sub-segments, regional adoption and revenue forecast.
In the final section of the report, the Taxifolin market competitive landscape is included to provide the audiences of the report with market structure analysis. The report also profiles Taxifolin providers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a segment in the Taxifolin market value chain. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the Taxifolin marketplace. Detailed profiles of providers are also included within the scope of the report to evaluate their strategies, key offerings and recent developments in the Taxifolin market.
Key Segments Covered
- Reusable Water Bottle Market By Purity Level
- Reusable Water Bottle Market By Application
- Food and Beverages
- Key Regions/Countries Covered
- North America
- Latin America
- Asia Pacific excl. Japan
- Middle East & Africa
The key companies covered in the Taxifolin market include JW Health Products, Kingherbs Ltd, Kalenika Group, Cayman Chemical, Ametis JSC, Abcam plc, and Adooq Bioscience, Linjiang Jianwei Biotech Co. Ltd., and Hangzhou J&H Chemical Co., Ltd.
1. Global Taxifolin Market - Executive Summary
1.1 Summary of Key Findings
1.2 Summary of Statistics
1.3 Global Taxifolin Market – Industry Structure
1.4 Taxifolin Market Attractiveness Across Key Applications, 2017
1.5 Mega Trends – Impact Analysis
1.6 Opportunity Assessment
1.7 Market Share Footprint of Key Taxifolin Product Type, By Region
2. Global Taxifolin Market Introduction
2.1.1 Global Taxifolin Market Taxonomy
2.1.2 Global Taxifolin Market Definition
3. Global Taxifolin Market-Key Associated Factors Assessment
3.1 World GDP per Capita by Key Countries, 2017
3.2 Macro-economic Indicators Assessment
3.2.1 North America
3.2.3 Asia Pacific
3.2.4 South Asia
3.2.6 Middle East
3.2.7 Latin America
3.2.8 Sub-Saharan Africa
3.3 Key Decision Support Analysis
3.3.1 Taxifolin Market – Forecast Factors Assessment
3.3.2 Investment Feasibility Matrix
3.3.3 Porter's Five Forces Analysis
3.3.4 PESTE Analysis
3.3.5 Value Chain Analysis
c3.3.6 Taxifolin Cost Structure
c3.3.7 Pricing Analysis
188.8.131.52 Taxifolin Pricing, by Product Type
184.108.40.206 Taxifolin Pricing, by Region
3.3.8 List of Key Taxifolin Customers
4. Market Dynamics
4.1 Market Drivers
4.2 Restraining Factors
4.3 Window of Opportunity
4.4 Scenario Forecast
5. Global Taxifolin Market – Demand Supply Outlook
5.1 Production Capacity Analysis
5.2 Consumption Trends
6. Global Taxifolin Market Analysis and Forecast 2013-2027
6.1. Global Taxifolin Market Size and Forecast By Purity Level, 2013-2027
6.1.1. <95% Market Size and Forecast, 2013-2027
220.127.116.11. Revenue (US$ Mn) & Volume Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
6.1.2. ≥95% Market Size and Forecast, 2013-2027
126.96.36.199. Revenue (US$ Mn) & Volume Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
6.2. Global Taxifolin Market Size and Forecast By Application, 2013-2027
6.2.1. Food and Beverages Market Size and Forecast, 2013-2027
220.127.116.11. Revenue (US$ Mn) & Volume Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
6.2.2. Healthcare Market Size and Forecast, 2013-2027
126.96.36.199. Revenue (US$ Mn) & Volume Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
6.2.3. Cosmetics Market Size and Forecast, 2013-2027
220.127.116.11. Revenue (US$ Mn) & Volume Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
6.2.4. Agriculture Market Size and Forecast, 2013-2027
126.96.36.199. Revenue (US$ Mn) & Volume Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
7. North America Taxifolin Market Size and Forecast, 2013-2027
7.1. Revenue (US$ Mn) & Volume Comparison, By Country
7.2. Revenue (US$ Mn) & Volume Comparison, By Purity Level
7.3. Revenue (US$ Mn) & Volume Comparison, By Application
8. Latin America Taxifolin Market Size and Forecast, 2013-2027
8.1. Revenue (US$ Mn) & Volume Comparison, By Country
8.2. Revenue (US$ Mn) & Volume Comparison, By Purity Level
8.3. Revenue (US$ Mn) & Volume Comparison, By Application
9. Europe Taxifolin Market Size and Forecast, 2013-2027
9.1. Revenue (US$ Mn) & Volume Comparison, By Country
9.2. Revenue (US$ Mn) & Volume Comparison, By Purity Level
9.3. Revenue (US$ Mn) & Volume Comparison, By Application
10. Japan Taxifolin Market Size and Forecast, 2013-2027
10.1. Revenue (US$ Mn) & Volume Comparison, By Country
10.2. Revenue (US$ Mn) & Volume Comparison, By Purity Level
10.3. Revenue (US$ Mn) & Volume Comparison, By Application
11. APEJ Taxifolin Market Size and Forecast, 2013-2027
11.1. Revenue (US$ Mn) & Volume Comparison, By Country
11.2. Revenue (US$ Mn) & Volume Comparison, By Purity Level
11.3. Revenue (US$ Mn) & Volume Comparison, By Application
12. MEA Taxifolin Market Size and Forecast, 2013-2027
12.1. Revenue (US$ Mn) & Volume Comparison, By Country
12.2. Revenue (US$ Mn) & Volume Comparison, By Purity Level
12.3. Revenue (US$ Mn) & Volume Comparison, By Application
13. Global Taxifolin Market Company Share, Competition Landscape and Company Profiles
13.1. Company Share Analysis
13.2. Competition Landscape
13.3. Company Profiles
13.3.1. JW Health Products
13.3.2. Kingherbs Ltd
13.3.3. Kalenika Group
13.3.4. Cayman Chemical
13.3.5. Ametis JSC
13.3.6. Abcam plc
13.3.7. Adooq Bioscience
13.3.8. Linjiang Jianwei Biotech Co. Ltd.
13.3.9. Hangzhou J&H Chemical Co., Ltd.
13.3.10. Merck KGaA
13.3.11. LKT Labs
14. Research Methodology
15. Secondary and Primary Sources
16. Assumptions and Acronyms
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