Taxifolin, also known as Dihydroquercetin, and belonging to the flavanonol family, has excellent antibacterial, antifungal, antimicrobial, anti-inflammatory, and antioxidant activities that are helpful to human health. Taxifolin is mostly present in plant-based meals such as vegetables and fruits, as well as drinks and cherry-wood-ripened vinegars. In addition, taxifolin has important applications in preventing oxidative stress as well as defending the organism against free radicals. Moreover, during chemotherapy, it works as an anti-cancer agent.
The global taxifolin market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Growing awareness regarding health benefits of taxifolin, rising number of health conscious people in various countries across the globe, and rapidly growing agriculture sector are among some of the key factors expected to drive revenue growth of the global taxifolin market over the forecast period.
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Top Players in the Global Taxifolin Market:
Linjiang Jianwei Biotech Co. Ltd., Hangzhou JH Chemical Co., Ltd, JW Health Products, Kingherbs Ltd., Kalenika Group, Cayman Chemical, Adooq Bioscience, Hefei Lifeon Pharma, Tianbao Bio-Tech, Yunnan Hande, Shanghai Jinhe, Hainan Yew Pharm, Manhay, Merck KGaA, LKT Labs, Ametis JSC, and Abcam plc.
Global taxifolin market revenue growth is expected to be driven by major factors including growing global population, and associated need for healthy food options, technological advancements, improving cold chain facilities, and rising awareness regarding health and fitness among people globally. In addition, taxifolin is utilised to stimulate plant growth, thus constantly growing agriculture sector is supporting market growth to a significant extent.
Increasing demand for and adoption of taxifolin in various end use industries such as medical, healthcare, agricultural, food, and other sectors due to product features such as antibacterial, anti-inflammatory, antifungal, and antioxidant, is a key factor expected to boost taxifolin market revenue growth.
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Market segmentation based on Purity Level Outlook:
- Medical Grade
- Food Grade
- Food Beverages
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
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