Global Kaempferol Market - 2023-2030

Global Kaempferol Market - 2023-2030

Market Overview

Kaempferol Market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 4.1% during the forecast period (2023-2030).

Kaempferol is basically a flavonoid which is extracted from the plants or food products that are derived out of plants. This means that kaempferol is a natural flavonoid which has low solubility in water. Kaempferol is used in variety of applications one of them being as an ingredient for pharmaceutical drugs. Growing adoption of kaempferol by various industries such as food & beverage and pharmaceutical industry are the major factors fostering the growth of the kaempferol market. Shifting consumer preference and changing lifestyle towards healthy eating is driving the growth of the market.

Furthermore, the dietary supplements and medicines comprising kaempferol are available at various offline as well as online stores. The offline stores such as departmental stores and supermarkets that offer ease and convenience in terms of supply. In addition, the pharmacy drugs and specialty stores allow the consumers to avail the products. The diversification of distribution channels by the manufacturers is anticipated to fuel the global market demand over the forecast years.

Market DynamicsIncreasing awareness about the health benefits of kaempferol is driving the growth of the market

The increase in awareness regarding the benefits of kaempferol, such as anti-cancer, helps in diabetes, works in maintaining various disorders such as liver injury, obesity, and colitis are just some of the conditions kaempferol may treat. In addition, it also provides protective effects on various parts of the body such as heart and cranial nerve, which could give kaempferol the ability to treat nerve pain. Thus, the manufacturers are increasing the production of kaempferol-based products.

Furthermore, the kaempferol provides looking at ways to increase its availability through various distribution channels. This as well is expected to increase the sales of kaempferol and will add to the growth of the market. For instance, In June 2022, Spectrum chemical entered into a new distribution arrangement with ANGUS chemical company to provide select TRIFF buffers and derivatives for life sciences and biopharmaceuticals market in United States and Canada.

Moreover, the changing lifestyle, shifting preferences of consumers from high calorie food items to healthy food items and also the rising population are other important factors acting as kaempferol market growth determinants. Additionally, the growth in the demand for natural and organic food items and surge in the demand for nutraceuticals and dietary supplements will further induce growth in the kaempferol market value which will grow the market in coming years.

Market Segmentation: 98% stands for the highest share in global kaempferol market

In 2021, the 98% segment had the highest revenue share of YY percent. This is owing to the rising demand for the product from the pharmaceutical industry. The growing instances of cancer such as skin cancer among men & women are also boosting product demand across regions. As it act as a chemopreventive agent against SUV-induced skin carcinogenesis and targets MSK1 and RSK2 cells. This is driving the demand for high-quality that is 98% kaempferol in the pharmaceutical industry which is driving the segment.

In addition, various types of medical drugs are manufactured using kaempferol including cancer-causing drugs, skincare ointments, and diabetic medicines. Furthermore, the growing demand for the product in pharmaceutical drugs is attributed to its anti-analgesic and anti-inflammatory properties. Moreover, it is also widely used in dermatological creams which act as a protector against UVB photo damage and aging in skin fibroblasts. This, in turn, is expected to significantly foster the market growth for pharmaceutical industry.

Geographical Penetration: North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of YY percent. The increasing adoption of kaempferol based products for applications in food & beverage and pharmaceutical industries in the countries, like the US and Canada is anticipated to drive the growth of the North America kaempferol market in the future. In addition, the Asia Pacific region is projected to grow on the account of numerous factors which includes growing demand for nutritional & healthy snacks, rising health concerns among middle-aged individuals, changing lifestyles, and rising disposable income of consumers.

Competitive Landscape

The global kaempferol market is competitive and comprises players such as Aktin Chemicals Inc., FUJIFILM Wako Chemicals U.S.A Corporation, Shaanxi NHK Technology, Risun Bio-Tech, TCI Chemicals (India) Pvt. Ltd., Spectrum Chemical Mfg. Corp., INDOFINE Chemical Company, Inc., Enzo Life Sciences, BioVision Inc. and Cayman Chemical among others. The kaempferol market competitiveness is anticipated to grow in coming years as the key players focus on various strategies such as agreements and product innovation for various applications. In addition, rising research and development activities for kaempferol based products and rising demand of these products in various industries that enables manufacturers to introduce the products in the market.

Furthermore, manufacturers are also incorporating acquisition, joint ventures and collaborations to fulfill consumer demands. In addition, manufacturers are introducing new products in the market in food as well as pharma industry owing to its health benefits which adds to the growth of the market. For instance, in August 2020, Cambridge Isotope Laboratories Inc. expanded its production capacity of a 13 C separation facility in Ohio, U.S. This expansion resulted in a 25% increase in the production level of the company. in April 2022, Fujifilm Wako chemicals USA corporation launched Pathoprep 568 product for pathological tissue embedding, Anti Iba1, Rabbit, SPICA Dye™ 594-conjugated for immunochemistry, and 1H,1H,2H,2H-Perfluorodecyltriethoxysilane for organic synthesis.

COVID-19 ImpactPositive impact on the global kaempferol market

Consumers have become more health-conscious, especially after the outburst of COVID-19. The global market has witnessed a drastic shift in the consumer preference for dietary supplements to maintain their health owing to the rising healthcare costs. These types of supplements offer several health benefits such as the prevention of arthritis, allergies, CVD disease, and low cholesterol at an affordable price. Such factors are expected to trigger market growth over the forecast period.

The global kaempferol market report would provide an access to approximately 53 market data tables, 40 figures and 171 pages