Global Isoflavones Market is expected to grow at a CAGR of 4.9% during the forecast period from 2019-2026

As per the report published by Fior Markets,the global isoflavones market is expected to grow from USD 1.05 Billion in 2018 to USD 1.54 Billion by 2026, at a CAGR of 4.9% during the forecast period from 2019-2026.The North America region led the global isoflavones market with a market share of 37.24% in 2018 owing tothe presence of a large number of product extract manufacturers in the region. The Europe region held a considerable share market owing to various health benefits of isoflavones.

"Isoflavones Market by Source (Soy, Red Clover, Chickpea and Others), Application, Form, Regions",and Global Forecast 2019-2026.

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Major players in the global isoflavonesmarket are Archer Daniels Midland Company, Aushadi Herbal, Boli Naturals, Fujicco Co., Ltd., Guzen Development, HerboNutra, Nutra Green Biotechnology Co.,Ltd. and SK Biolandamong others.Isoflavonesare phytoestrogens primarily produced by legume plants, especially soybeans, which is potentially useful in lowering cholesterol and treating certain cancers and symptoms of menopause.Isoflavones are a class of flavonoid-related organic compounds that act as phytoestrogenssourced from soybeans, red clover, chickpea, lentils, green tea, flaxseeds, and peas.These products are also used in functional foods and are available as phytoestrogensupplements that are mostly used in women to treat hot flashes, acne treatment, osteoporosis and menstrual relief. In addition, growing trends in plant-based diets are expected to boost market growth due to its benefits such as weight management, low blood sugar levels, cholesterol, and abdominal fat. Increasing demand for natural based products mainly in nutraceuticals, food & beverages, animal feed and dietary supplements may fuel theisoflavones market growth. Rapid urbanization along with health-conscious consumers willing to spend on healthy diets predominantly in the U.S., China, India, and South East Asia may further enhance the growth of the isoflavones market.Increasing consumer focus on personal grooming, increasing aging population giving rise to anti-aging products to minimize wrinkles, dry skin, age spots and hair damage resulting in innovations in the cosmetics industry, thus stimulating market growth. The improvement of distribution channels such as supermarkets, specialty shops, online portals, salons and pharmacies also has a positive impact on the cosmetic industry size. These factors will propel the growth of the isoflavones market in the forecast period.However, side effects such as migraine headache, thyroid disorders, food allergies and increased heart rate auxiliary to the over consumption may hamper the growth of the global isoflavones market.

For instance, in january, 2019, Archer Daniels Midland Company announced today that it has successfully completed its EUR1.544 billion acquisition of Neovia, creating a global leader in value-added products and solutions for both production and companion animals.

The type segment is divided into soy, red clover, chickpea and others. The soy segment emerged as the leader in the global isoflavones market with a market share of over 65.00% in 2018. Genistein and daidzein are the main isoflavones present in soybean, which help in promoting overall health and wellness which is one of the primary reason driving this increase in demand. The application segment includespharmaceuticals, nutraceuticals, cosmetics and food & beverages.The pharmaceuticals segment is anticipated to grow at the highest CAGR of 5.18% over the forecast period. This increased growth rate can be attributed to the prevalence of diseases such as cancer, osteoporosis, and arthritis fuels the demand for isoflavones as they reduce the risk of the above mentioned diseases and provide therapeutic effects. Different research studies conducted throughout the world by government research agencies have provided reliable evidence that isoflavone can minimize the cancer risk.

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Rapid urbanization along with health-conscious consumers willing to spend on healthy diets predominantly in the U.S., China, India, and South East Asia may further enhance the growth of the isoflavones market.The application of soy isoflavones in the manufacture of various hair care products, including hair oil and shampoos is expected to boost the market growth. Isoflavones are used primarily in the healthcare sector because they are used to cure various diseases on a large scale. Due to its large-scale application in the healthcare sector, the global isoflavone market is expected to rise substantially over the forecast period. Isoflavones reduce the risk of breast cancer and, by reducing cell multiplication, it also prevents the growth of cancer cells. They are also a key source of antioxidants that lowers cholesterol levels and thus protects the cardiovascular system and also reduces the risk of stroke and heart disease. Furthermore, isoflavones induce bone formation and increase bone mass. All these factors act as a driving factor in the growth of global isoflavones market over the forecast period.

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