Flavanols Market Forecast and CAGR
According to the latest study done by Fact.MR, flavanols are expected to see steady growth over the forecast period owing to a rise in consumption of flavanols containing food items such as cocoa powder, green tea, and gala apples. Also, health benefits related to the consumption of flavanols have increased its demand over the years and are expected to grow at a moderate CAGR of around 6% during the period 2021-2031.
What is Driving Demand for Flavanols?
Flavanols come equipped with a range of beneficial properties such as anti-oxidant, anti-inflammatory, and vasodilatory properties that help in increasing blood flow and also act as a counter to depressive brain disorders.
Additionally, over the years there has been a sizeable increase in the number of health-conscious consumers demanding products that also have health benefits. Since flavanols have been proven to be a substance that can be added to different food items, it is seeing a positive surge in consumption.
Over the projected period, changing consumer lifestyles and increased demand for beauty and health supplements are expected to drive flavanols consumption. The use of flavanols in functional food has increased, as the demand for convenience foods has grown. Natural and organic beauty products are becoming increasingly popular.
Consumer demand for nutraceuticals is driving the business, and plant flavanols have a lot of promise. Besides, the introduction of various products in the cosmetics industry is projected to have a favorable impact on flavonoid demand.
Moreover, major use of substances can be seen in cocoa products, demand for which has been positive for many years. Also, it is anticipated that flavanols-based cocoa will hold the major share in the market providing robust incremental $ opportunity during the projected forecast period.
Consumption of Cocoa to Drive Flavanols Demand
Flavanol compounds are naturally found in cocoa beans and have been associated with a range of positive effects. The compound present in cocoa beans has been found to have a positive impact on brain function, blood elasticity, and cardiovascular health.
Additionally, cocoa finds its major use case in the production of chocolates hence chocolate consumption will have a proportional impact on the cocoa market as well, thus driving the compound’s demand during the forecast period.
Moreover, cocoa demand over the years has remained high owing to the production of varied chocolate products. Also, major players in the chocolate industry are diversifying their product lineup to penetrate the market more effectively.
Owing to above discussed health benefits coupled with the positive growth of the chocolate industry, cocoa-based flavanol is poised to provide a high absolute $ opportunity over the forecast period.
Europe Flavanol Market Outlook
Europe is the leading producer and manufacturer of chocolates. Also, there is a good number of health-conscious consumers in the region, focusing on the consumption of food items that also provide additional health benefits.
Also, Germany is one of the leading consumers of chocolate followed by Switzerland and Estonia. The per capita consumption for chocolate of these countries is around 11, 9.5, and 8.7 kilograms respectively.
Additionally, Europe is home to some of the leading chocolate producers such as Mondelez, Nestle, Ferrero, Hershey, and many more. Diversified product offerings provide consumers with the opportunity to choose from a range of chocolates, thus providing a positive outlook to the flavanol industry in the region.
Moreover, cocoa-based flavanol is projected to dominate the European market and the region is also projected to dominate in terms of consumption of flavanols. Owing to these factors compound is projected to see a positive surge in demand in the region over the projected forecast period.
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North America Flavanol Market Outlook
North America is poised to be the most lucrative market for flavanols owing to the growing consumption of compound-associated food items in the region such as green tea, apples, and cocoa.
Also, there are a considerable number of health-conscious consumers in the region opting for more healthy options in food items. Since products such as green tea and cocoa have compounds providing health benefits, their consumption in the region is projected to remain positive during the forecast period.
Owing to these factors compound-based food items are projected to see a positive surge in demand thus driving the market at a steady pace over the forecast period.
Who are the Key Manufacturers and Suppliers of Flavanols?
Flavanols are majorly supplied through food items whose consumption determines compounds growth. Some of the major players in the market include
- Flava Naturals
- Barry Callebaut
- The Good Chocolate Company.
Market players have opted for organic growth strategies such as product launches to expand their regional footprint. This has led to higher product diversification by manufacturers of flavanols, which has put a lot on the plate of end-use customers to choose from.
An Adaptive Approach to Modern-day Research Needs
Flavanols Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
By Food Type
- Gala Apples
- Green Tea
- Cocoa Mix Powder
- Dry Cocoa Powder
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia & Oceania
- India, Thailand, Malaysia, Indonesia, Australia & New Zealand and Rest of South Asia
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.