Isoflavones Market

Isoflavones Market Growth and Forecast (2023-2028):

Isoflavones Market size was worth US$ 1.1 billion in 2023, and it is estimated to reach a valuation of US$ 1.5 billion by the end of 2028, rising at an annual compound rate of 4.7% between 2023-2028.

Isoflavones Market Overview:

Isoflavones are phytoestrogens with estrogen activity that are found primarily in soy and soy products, peanuts, legumes, and chickpeas. Soy isoflavones are isoflavones extracted from soy products and contain large amounts of Dyed Jane and Genistein. Isoflavones are a class of organic compounds associated with flavonoids that act as phytoestrogens commonly supplied by soybeans, red clover, chickpeas, lentils, green tea, flaxseeds, and peas. Genistein and daidzein are the main isoflavones in soy, which help promote overall health and well-being. Additionally, soy is lactose-free, rich in phytoestrogens, and rich in antioxidants and omega-3 fatty acids, improving overall health and growth. Isoflavones are mainly used in the medical field because they are used on a large scale to treat various diseases.

Recent Developments in Isoflavones Industry:

• In January 2018, ADM opened the Innovation Center in Singapore. The center facilitates the development of materials and the application of food, feed, industrial and energy products.

• In 2018 Shanghai Freeman expanded its presence by establishing Shanghai Freeman Australia as a subsidiary.

• In September 2019, Frutarom launched several soy ingredients called Organic SoyLife Complex, rich in isoflavones.

REPORT COVERAGE:

Isoflavones Market Growth:

The global isoflavone market is growing due to factors such as a higher incidence of chronic diseases, a higher incidence of cancer, a larger population of the elderly and more significant menopausal health problems.

Isoflavones Market Drivers:

The demand for natural products in food and beverages, dietary supplements, feed and other industries is increasing significantly. This demand is supposed to lead to remarkable growth. Isoflavones are derived from plants and belong to the family of phytoestrogens. These products are extracted from various plants and foods in powder form. The primary sources of extraction are beans, red clover, beans, lentils, flaxseed, green tea, and peas. Isoflavones prevent the growth of cancer cells by reducing the risk of breast cancer and cell proliferation. These are also the primary sources of antioxidants that lower cholesterol levels to protect the cardiovascular system and reduce the risk of stroke and coronary heart disease. Moreover, isoflavones tend to support bone formation and increase bone mass. These are also used in cosmetics to protect skin elasticity, wrinkles, sun damage, and also as moisturizers. Isoflavones are used in cosmetics to treat sun damage, wrinkles, skin elasticity, and moisturizers. All of these factors contribute to the growth of the global isoflavone market during the forecast period.

As the use of isoflavones has increased in the cosmetic and food and beverage industries, the global isoflavone market has begun to grow. The global isoflavone market is assumed to increase at a significant rate during the outlook period due to large-scale applications in the healthcare sector. Cosmetics followed the health sector in terms of use. Anti-aging products have emerged to stimulate market growth by providing anti-aging products to minimize wrinkles, dry skin, age spots, and hair damage due to increased consumer interest in personal care and the increasing population that get old. Furthermore, improving distribution channels such as supermarkets, specialty stores, online portals, beauty salons, and pharmacies also has a positive impact on the size of the cosmetic industry.

Isoflavones provide anti-aging and antioxidant effects that show estrogen properties, maintain integrity, skin texture, prevent wrinkles and improve hair growth. Isoflavones are natural derivatives obtained from a variety of food and plant products available in powder form. This product is also used in functional foods and is provided as a phytoestrogen supplement that is used mainly in women's febrile redness, acne treatment, osteoporosis, and menstruation relief. Additionally, market growth is anticipated to accelerate as the trend in plant-based diets increases due to benefits such as weight control, low blood sugar, cholesterol, and abdominal fat.

Isoflavones Market Restraints:

Increased allergies and excessive doses of isoflavones due to soy-based products can have side effects. Some of the significant allergies can interfere with the growth of the industrial market, such as seizures, itching, migraine, digestive problems, headache, and gastrointestinal irritation.

Isoflavones Market Segmentation Analysis:

By Source:

• Soybeans

• Peas         

• Red Clover             

• Grean Tea

• Others     

By Application:

• Neutraceutical     

• Pharmaceutical    

• Food & Beverages

• Cosmetics

By Form:

• Solid

• Liquid       

Isoflavones Market Regional Analysis::

• North America 

• Europe

• Asia Pacific

• Latin America

• The Middle East and Africa

North America was a significant producer and consumer of isoflavones. In 2019, the region represented 37% of world demand. There are a large number of product extraction manufacturers in the area. The Asia Pacific is the largest market for isoflavones. The augmenting need for isoflavones in the pharmaceutical and healthcare sectors is mainly driving development in the Asia Pacific area. Also, low retail costs and the huge availability of generic isoflavone drugs are also promoting growth in this locale. As the use of isoflavones in cosmetics increases, the Asia Pacific region is expected to grow at a significant rate during the forecast period. The area is estimated to record incredible growth in the coming years. The Asia Pacific is a mature market for isoflavones. Some countries that exist in this region, such as China, Japan and Korea, are consumers of the world's most abundant soybeans and their products. Because of this, the demand for isoflavones is not that high in these countries. Other regional countries like India and Indonesia are potential markets for this product.

Isoflavones are widely used in cosmetics and pharmaceuticals, which is why North America followed the Asia Pacific in terms of market size. Outsourcing of raw material processing in the pharmaceutical industry is driving the growth of the isoflavone market in North America. North America is expected to experience slow growth during the projection period. The high demand for isoflavones in the cosmetic industry is driving growth in Europe. However, increasing competition with the aesthetic and pharmaceutical sectors in other regions is limiting the growth of this market in Europe. Europe is expected to experience slow growth during the forecast period due to the slow economic recovery caused by the recession.

Isoflavones Market Key Players:

1. Archer Daniels Midland                       

2. SK Bioland                  

3. Guzen Development                              

4. Medisys Biotech Pvt              

5. Aushadhi Herbal                      

6. Tradichem S.L                           

7. Fujicco Co                  

8. Nutra Green Biotechnology Co                         

9. Frutarom Ltd                             

10. Herb Nutra