Flavonoids Market - Forecast(2021 - 2026)
Flavonoids Market Overview: According to the World Health Organisation (WHO), the overall number of cancer cases is estimated to increase by 29% in the developed countries and 73% in the developing countries by 2020.[1] As the prevalence of cancer grows, R&D activities to find cure are higher than ever before. Flavonoids have shown potential as cytotoxic anti-cancer agents, which promote apoptosis in the cancer cells. Owing to this and several other factors, the global flavonoids market was valued at $904.2m in 2018. Furthermore, the demand for flavonoids is estimated to grow at a CAGR of 3.78% during the forecast period 2019-2025. North America has been observing rising demand for functional and convenience food products such as canned, dried, and frozen food, which has increased the utilization of flavonoid. Additionally, the region has a strong economic status and has been witnessing increased investments for R&D in personal care and cosmeceuticals market . In 2018, North Am...