Taxifolin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Taxifolin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2020 | Chemical & Materials | PPT format

Report Digest


Taxifolin Market: Snapshot

Taxifolin or dihydroquercetin is a flavonoid that acts as a potential chemopreventive agent. It helps in the regulation of genes through an ARE-dependent mechanism. Primarily, taxifolin has the properties to slow down the cell growth of ovarian cancer. It can be found across many products and beverages. Particularly, taxifolin can be found across plant-based foods such as vegetables, wine, cocoa, and fruits. Conifers such as Siberian larch and Chinese yew are prime sources of extracting taxifolin.

The global taxifolin market is primarily dominated by Europe. However, as per the recent trends, Asia Pacific segment is projected to experience a swift growth rate over the course of the given forecast period of 2018 to 2028. Majority of the manufacturers of taxifolin in the Asia Pacific are based in China. China is projected to show considerable growth potential and compete with Russia at a global level.

Some of the key reasons for the rise of the Chinese market is given below:

  • One of the primary reasons behind the growth of the taxifolin market in China is because of the easy availability of the raw materials for the production of taxifolin.
  • Increasing population coupled with rapid urbanization in the country has led to substantial growth in the demand for various food and pharmaceutical products along with advanced healthcare services.
  • In recent years, China has also witnessed a huge growth in the number of people suffering from cancer. This has also led to high demand of taxifolin in the country.

Taxifolin Market Analysis: Anti-proliferative Effect on Cancer Cells Significantly Contributing to Global Demand

Bolstering nutraceuticals consumption has been a primary factor driving dihydroquercetin (taxifolin) demand, says research. While this is cited as a key booster for the growth of taxifolin market worldwide, increasing preference for taxifolin in fortification of food has also been spotted as a strong factor fueling revenue growth of taxifolin market in coming years.

Key Players Facing Pricing Challenges against Demand-supply Imbalance

A fairly competitive landscape, global taxifolin market is characterized by the severe demand-supply imbalance. This scenario is resulting in the high price point of taxifolin. Volatility of the raw material availability and prices is projected to play a crucial role in determining taxifolin prices. It is however expected that the demand-supply gap in taxifolin market would narrow down over the next few years, as a result of the entry of a growing number of producers in taxifolin market. To overcome the challenges posed by high demand-low supply scenario governing competitive landscape of the taxifolin market, a majority of manufacturers of taxifolin are focusing on expansion of production facilities to cater to higher demand. Moreover, key players in taxifolin market are concentrating on expansion of the customer base to achieve an edge over immediate competitors in taxifolin market.

Optimization of the operating costs through raw material procurement will reportedly remain another developmental strategy adopted by taxifolin market players, according to research. New entrants however continue to face the challenge imposed by stringent certification prerequisites and strict procurement process requirements set for manufacturing and processing of taxifolin.

However, it has been observed that new market entry aspirants generally prefer Chinese taxifolin market owing to the cost benefit associated with raw material and labor. China has been one of the top performing taxifolin markets, and the demand is likely to remain concentrated in multiple application areas - including cosmetics. Moreover, improving scope of investment in less-toxic drug development is pushing the number of PPPs in the country, eventually boosting prospects of taxifolin market across China.

Some of the most prominent competitors operating in the competitive landscape of global taxifolin market include –

  • Cayman Chemical
  • W Health Products
  • Ametis JSC
  • Kingherbs Ltd
  • Abcam plc
  • Adooq Bioscience
  • Kalenika Group

Taxifolin Gathering Traction in Food Fortification & Drug Development Applications

Besides healthcare and F&B, taxifolin finds wide applicability across several other domains such as agriculture, and personal care and cosmetics. The ability of taxifolin to stabilize shelf life of food and beverage products fuels its adoption in F&B applications. Whereas antimicrobial, anti-inflammatory, and antibacterial properties of taxifolin push consumption across healthcare industry. Being a natural antioxidant, taxifolin continues to witness extensive adoption by drug manufacturers as well. The most prominent application segments in F&B industry that are likely to contribute to the growth of taxifolin market include confectionary, alcoholic beverages, dairy, and meat processing.

Highest Adoption Potential Resides in Cancer Research

Increasing prevalence of cancers is one of the predominant factors boosting adoption of taxifolin in the medical industry. Apart from developed countries, developing economies have been witnessing rapid expansion of population with a type of cancer in recent years, which is a key factor accelerating the expansion of taxifolin market in emerging Asian and Middle Eastern countries.

As taxifolin is a proven potent inhibitor of the proliferation of ovarian cancer cells, taxifolin manufacturers are projected to discover lucrative consumption opportunities in the world of medicine, in coming years. Moreover, a few derivatives of taxifolin have been proven to hold an inhibitory effect on the growth of breast cancer cells. This is anticipated to be another strong factor pushing taxifolin consumption among cancer research institutes. With proven anti-proliferative effect on murine skin fibroblasts, taxifolin is expected to explore consumption opportunities across research centers in the near future.  

Russia Remains the Production Hub for Taxifolin Market

In terms of production, Europe has been the top taxifolin producer, globally. Russian market especially holds a substantial share in the taxifolin landscape owing to widespread availability of a variety of conifers, which are the primary raw material for taxifolin production. Being a prominent cultivator of Siberian and Dahurian larch, Russia continues to remain at the forefront of taxifolin production, according to research.

Taxonomy: Global Taxifolin Market

By purity level, taxifolin market is divided into two key segments -

  • 95% or above
  • Below 95%

Based on application, global taxifolin market is classified into -

  • Healthcare
  • Food and beverages
  • Agriculture
  • Cosmetics

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?