The global taxifolin (dihydroquercetin) market has witnessed steady growth at a CAGR of 5% over the past half-decade. However, due to the ongoing COVID-19 outbreak in South Asia & Oceania and North America, food and beverage production reduced during Q2 of FY2020, which has had a domino effect on the taxifolin market.
Despite the extensive utilization of taxifolin in pharmaceuticals, the market has declined more than 1.5 fold in the 2nd quarter of FY2020, and has remained in the same position till the mid-3rd quarter of FY2020. Resumption of beverage & agriculture chemicals production across regions has provided a thrust to the expansion of the taxifolin market size.
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Which Segment Performs well in Taxifolin Market?
95% purity has dominated the market for the previous half-decade, but with the development of effective processing techniques, taxifolin might be manufactured at higher purities of more than 95%. At the end of FY2025, companies will be able to sell higher purity taxifolin for about 0.6X less than they did in FY2020 due to the amortization of sunk costs. 95% purity is anticipated to increase by 540 BPS from 2020 to 2030. The widespread use of 95% pure taxifolin in medications and foods and beverages is anticipated to give the market long-term momentum.
A powerful flavonoid known as taxifolin holds the potential to treat disorders, including cancer-related inflammation. For the past five years, taxifolin has been used more and more in pharmaceuticals and healthcare. In addition, due to taxifolin’s ability to delay skin ageing, it is also possible to detect slow penetration of taxifolin in cosmetics in addition to its health benefits.
Overall, the use of natural alternatives to taxifolin will cause a drop in BPS points for food and beverage applications by the end of the prediction period. High usage in the production of oncology medications is partly responsible for the increase in BPS in the pharmaceutical and healthcare industries. Taxifolin’s lower price elasticity, however, is expected to keep its price stable over the predicted period.
Key Players
• JW Health Products
• Kingherbs Ltd
• Kalenika Group
• Ametis JSC
• Abcam plc
This global Taxifolin industry research analysis includes industry share, size, consumption, cost, revenue, CAGR, production, gross margin, and market influencing factors. This research is a complete numerical examination of a firm that provides data for generating market growth and success strategies.
The study provides industry size, revenue, gross margin, price, and market share estimations, as well as cost structure and decision-making growth rates. It offers a comprehensive analysis of the market, covering data on several factors such as drivers, constraints, opportunities, and threats. This data can assist stakeholders in making informed decisions prior to investing.
Secondary research comprises an in-depth investigation of stock prices, retail transactions, and other relevant facts. Domestic and global politics, new buying patterns, composite economic predictions, technical breakthroughs, and the environmental implications of the Taxifolin sectors are all thoroughly examined.
Furthermore, it contains a specialized segmentation focusing on a number of categories, allowing for a comprehensive examination of any consumer goods. Similarly, the study estimates Taxifolin market share based on existing and predicted market growth.
This research gives extensive market knowledge with leading profiles in the Taxifolin market. It contains data that has been verified using a limited number of research approaches and primary or secondary sources. Elements including drivers, share, size, market revenues, potential and problems, important players, domination nations, changing Taxifolin market dynamics, economic instability, and other competitive features are thoroughly recognized by experts SWOT, PESTEL, primary and secondary research procedures, and different analytic procedures are used to develop the consumer study.
The thesis includes a wide range of themes, such as important product offers, industry history, important statistics, risk analysis, marketing and sales strategies, product growth, recent advancements and new product releases, innovation and progress, and a variety of Taxifolin business practices.
Taxifolin Market: Segmentation
Purity
- <95%
- ≥95%
Application
- Food & Beverages
- Pharmaceuticals
- Healthcare
- Agriculture
Region
- North America
- Latin America
- Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa
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Key Points Covered in the Taxifolin Report:
• The Taxifolin market study often examines important trends, risks and incentives, components, industry conditions, and difficulties in the global market.
• The report employed a variety of data and graphs to present a more complete picture of the Taxifolin market.
• The global analysis contained a preliminary assessment of the industry’s size as well as a full review of the sector.
• This research gives a fast snapshot of the current situation of worldwide regions. The Taxifolin report includes top sellers, unions, stores, malls, and enterprises.
• The report also contains comprehensive insights into the market segmentation.
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