What is Isoflavones Market?
The growing food industry across the world will help to boost the demand in the forecasted period. The rising increase in demand for natural-based products mainly in nutraceuticals, food & beverages, animal feed, and dietary supplements may drive isoflavones market growth. Isoflavones are phytoestrogens which are plant-derived compounds with estrogenic activity. These are largely found in soy products and soybeans, legumes, peanuts, and chickpea. Isoflavones that are extracted from soy products are termed as Soy isoflavones. It contains a higher amount of daidzein and genistein. Soy isoflavones find application in manufacturing various hair care products which include hair oil and shampoos. Isoflavones are mainly used in the healthcare sector as they are used on large scale for curing various diseases.
The market study is being classified, by Application (Pharmaceuticals, Nutraceuticals, Cosmetics and Food & Beverages) and major geographies with country level break-up. According to AMA, the Global Isoflavones market is expected to see growth rate of 4.7%
DSM (Netherlands), International Flavors and Fragrances (Frutarom) (United States), Shanghai Freemen (United States), Nexira Inc. (France), SK Bioland (South Korea), BioMax (India), Avestia Pharma (India), Cargill (Germany), ADM (United States) and BASF (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are NutraScience Labs (United States), Tradichem S.L. (Spain), Nutra Green Biotechnology (China), Herbo Nutra (India), FutureCeuticals Inc. (United States) and Bio-gen Extracts (United States).
The global Isoflavone market seems to be share is fragmented and competitive. The Various isoflavones manufacturers are engaged in new product developments by forming strategic partnerships and joint ventures thereby enhancing global reach. The players involve in various strategies and development for market growth Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Isoflavones market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Isoflavones market by Type, Application and Region.
On the basis of geography, the market of Isoflavones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Prevalence of Cancer and Cardiovascular Diseases
- Rapidly Increasing Geriatric Population
- Prevalence of Menopausal Issues
- Growth in Demand for Fortified Food Owing to the Increasing Health-Consciousness Amongst Consumers
- Stringent Regulatory Requirements
- Emerging Markets
- Emerging Technologies
- Less Efficiency Compared to Alternatives
Market Leaders and some development strategies
In September 2019, Frutarom launched a range of soy ingredients named Organic SoyLife Complex, which is rich in isoflavones.
In January 2018, ADM opened an innovation center in Singapore. This center would facilitate ingredient development and the application of food, feed, industrial, and energy products.
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Isoflavones Market?
"Rising Prevalence of Cancer and Cardiovascular Diseases
" is seen as one of major growth factors of Isoflavones Market in years to come.
2. Can we have customized study for Isoflavones Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.