Press release
Isoflavones Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
The Business Research Company offers in-depth market insights through Isoflavones Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The isoflavones market size has grown rapidly in recent years. It will grow from $21.14 billion in 2023 to $23.66 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increased health consciousness, growing demand for nutraceuticals, preventive healthcare trends, rising incidence of hormonal disorders, expanding applications in food and beverages.
The isoflavones market size is expected to see rapid growth in the next few years. It will grow to $37.36 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to research on menopausal symptom relief, expanding cosmetic and skincare applications, increased adoption in functional beverages, growing awareness of plant-based diets. Major trends in the forecast period include emphasis on non-gmo and organic sources, focus on sports nutrition and performance, innovation in delivery formats, integration in plant-based protein products, global market expansion.
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Market Segmentation:
The isoflavones market covered in this report is segmented -
1) By Source: Soybean, Peanut, Chickpea, Clover, Other Sources
2) By Nature: Organic, Conventional
3) By Form: Powder, Liquid
4) By Application: Food And Beverages, Nutraceuticals, Cosmetics, Other Applications
Major Driver - The Role Of Isoflavones In Fueling Cosmetic Market Expansion
The increasing use of isoflavones in the cosmetics industry is expected to propel the growth of the isoflavones market going forward. The cosmetic industry refers to the industry that comprises of manufacturing and distribution of various skin care products. Isoflavone is used in skincare products that include aglycones and daidzein, which provide antioxidant and anti-aging protection and soothing and moisturizing properties. For instance, in 2023, according to the Cosmetic Toiletry & Perfumery Association (CTPA), a UK-based organization, the share of color cosmetics increased from 10.9 % in 2021 to 11.3% in 2022. Additionally, the share of fragrances rose from 20.1% in 2021 to 20.6% in 2022. Therefore, the increasing use of isoflavones in the cosmetics industry drives the isoflavones market.
Competitive Landscape:
Major companies operating in the isoflavones market report are Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE, International Flavors & Fragrances Inc., Koninklijke DSM N.V., Otsuka Pharmaceutical Co. Ltd., Novozymes A/S, Naturex SA, Fujicco Co. Ltd., NOW Foods Private Limited, Guilin Layn Natural Ingredients Corp., Nexira Inc., Changsha Huir Biological-Tech Co. Ltd., Bio-gen Extracts Private Limited, Hunan Huacheng Biotech Inc., Organic Herb Inc., NutraScience Labs, Wuhan HengHeDa Pharm Co. Ltd., Hunan Sunfull Bio-tech Co. Ltd., Sikko Industries Ltd., Xi'an Greena Biotech Co. Ltd., Hunan Nutramax Inc., Shaanxi Pioneer Biotech Co. Ltd., Changsha Natureway Co. Ltd., Xi'an Sgonek Biological Technology Co. Ltd.
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Top Trend - Emerging Trends In Isoflavones Market Product Innovations
Product innovations are a key trend gaining popularity in the isoflavones market. Major companies operating in the isoflavones market are introducing innovative products with isoflavones to sustain their position in the market. For instance, in October 2022, PharmaLinea, a Slovenia-based manufacturer of food supplements, launched Meno Ease Capsules, an advanced whole-body menopause supplement. These supplements include soy isoflavones for menopause symptom relief using an advanced version of the recognized classic matevz ambrozic.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Isoflavones Market Characteristics
3. Isoflavones Market Trends And Strategies
4. Isoflavones Market - Macro Economic Scenario
5. Isoflavones Market Size And Growth
…..
27. Isoflavones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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