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 : April, 2020 | Chemical & Materials | PPT format

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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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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