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Isoflavones Market Size By Source [Soy (Food & beverages, Nutraceuticals, Cosmetics), Chickpea (Food & beverages, Nutraceuticals, Cosmetics), Red Clover (Food & beverages, Nutraceuticals, Cosmetics)], & Forecast 2023 – 2032

  • Report ID: GMI3077
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Drivers

Isoflavones Market size valued at USD 16.5 billion in 2022 and is projected to expand at over 5% CAGR from 2023 to 2032.

Isoflavones Market

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The rapidly growing health-conscious population, particularly across the North American region is expected to have a positive impact on the industry growth. In the recent past, a large portion of the Western populace has turned obese or overweight due to the rising acceptance of unhealthy dietary habits and lifestyle preferences. As per the State of Obesity 2022 report published by the Trust for America’s Health (TFAH) in September 2022, four in ten U.S. adults are obese. Obesity is a growing burden on the U.S. healthcare resulting in an estimated surge in spending by USD 170 billion. Hence, the rising focus on weight management and the growing emphasis on health and fitness is expected to prompt individuals to adopt healthier dietary lifestyles.

Growing concerns associated with isoflavone side effects may impede the industry outlook

High risk of health complications, such as Kawasaki disease (KD) related to the long-term consumption of large amounts of soy products is expected to hamper the isoflavones market demand. Soy isoflavones can be difficult to digest and can cause constipation, diarrhea, and other digestive problems. Additionally, isoflavones are also considered for reacting with certain treatments for conditions such as cystic fibrosis, kidney stones, and hyperthyroidism. The compound is also known to have certain side effects on female reproductive health with abnormal tissue growth in the uterus, and poor development of the reproductive system in case of long-term exposure to isoflavone genistein.  

Surging demand for plant-based protein to boost production of soy isoflavones

Soy Isoflavones Market  Size

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The soy isoflavones market will reach USD 26 billion by 2032. The emergence of new trends, such as vegan diets have propelled the consumer inclination toward the consumption of soy-based and plant protein ingredients. The growing awareness regarding the adverse impact of meat consumption has encouraged people to switch to plant-based proteins. Several manufacturers are thus ramping up efforts to boost the production of soy protein ingredients to address the growing consumer demand. For instance, in August 2022, Archer Daniels Midland (ADM) partnered with Benson Hill, a food tech company, to accelerate its ultra-high protein (UHP) soy portfolio while meeting the growing demand for plant-based protein in North America.

Supportive public initiatives for enhancing nutraceutical access to foster demand for isoflavones

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of isoflavones reached USD 16.5 billion in 2022 and is anticipated to witness over 5% CAGR from 2023 to 2032.

The soy isoflavones segment is estimated to surpass USD 26 billion by the end of 2032, owing to the growing consumer inclination toward plant-based protein.

The market size for isoflavones in North America is projected to grow at 4.8% CAGR between 2023 and 2032, driven by the advent of veganism and plant-based diets in the region.

ADM, Medisys Biotech, Fujicco Co., Ltd, SK Bioland, Aushadhi Herbal, HerboNutra, Frutarom Ltd., Guzen Development, and Tradichem are some of the leading manufacturers and suppliers of isoflavones across the world.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 406
  • Countries covered: 23
  • Pages: 300
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