Press release
Isoflavones Market In-Depth Coverage Industry And Companies are – Cargill, BASF, DSM, Frutarom, Nexira Inc.
Precision Business Insights published a research report on "Global Isoflavones Market: By Form (Powder and Liquid), By Source (Red Clover, Soy and Others (Green peas, chickpeas and alfalfa)), By Application (Cosmetics, Nutraceuticals, Pharmaceuticals and Food & Beverages) and Geography- Global/Region/Country Forecast to 2027".The global isoflavones market was valued at US$ 940 Mn in the year 2020 and is anticipated to record US$ 1410 Mn till 2027 witnessing a CAGR of 6% over the forecast period 2021-2027.
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Isoflavones are phytoestrogen produced primarily by legume family plants like red clovers, soybeans and chickpeas. Phytoestrogens work in same was as female hormones do and greatly work to maintain bone health, reduce cholesterol level and treat menopausal symptoms and cancer. Moreover, there are several factors that greatly affect the Isoflavones market growth such as growing aging population and increase in cases of cancer patients. Isoflavones are the main source of getting antioxidants utilized hugely to lower cholesterol level and consequently prevent from heart disease and stroke problem. In addition, increasing use of Isoflavones in cosmetic products manufacturing is also attributed to drive the Isoflavones Market growth.
Isoflavones have the anti aging property, which greatly helps to reduce scars and wrinkles hence they are mainly used in cosmetic products. Moreover, high growth in emerging countries offers several business growth opportunities for the industry players. There are a few leading factors that greatly affect Isoflavones Market growth such as growing demand for plants based nutritional products and isoflavones as it is significant for the health maintenance. Furthermore, increasing use of isoflavones as dietary food supplement and technological development in the biotechnology to innovate new products into the market are driving the market growth. On the other hand, unpredictable costs of isoflavones and its side effects and offshoots are the main factors to hamper the growth of Isoflavones Market.
North America witnesses for larger market revenue share in Global Isoflavones Market
North America witnessed for larger revenue share in the market recording a significant CAGR rate. Huge demand for healthcare products and rising countries in the region are the leading factors to drive the Isoflavones market in this region. Europe Isoflavones market is witnessing considerable growth due to the several advantages that Isoflavones provides and growing count of healthcare industries in the region. Isoflavones market in Asia Pacific is witnessed significant market share during estimated duration due to the factors such as robustly growing manufacturing companies, different strategies adopted by key manufacturers in the region and strict regulation by government for public healthcare.
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Numerous advantages of Isoflavones are fostering the Isoflavones Market
Competitive Analysis
Some of the major key players operating in Global Isoflavones Market include Cargill (Germany), ADM (US), BASF (Germany), DSM (Netherlands), International Flavors and Fragrances (Frutarom) (US), Shanghai Freemen (US), Nexira Inc. (France)Frutarom (Isarael), Sikko Industries (India), SK Bioland (South Korea), BioMax (India), Avestia Pharma (India), NutraScience Labs (US) and Tradichem S.L. (Spain).
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