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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)] Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

  • Report ID: GMI3077
  • Published Date: Nov 2021
  • Report Format: PDF

Industry Overview

Isoflavones Market size exceeded USD 17 billion in 2020 and is estimated to grow at a CAGR of over 15% from 2021 to 2027. Growing demands towards generic & prescribed supplements along with rising demand in organic food & beverages, owing to growing consumer concern towards health will significantly contribute for isoflavone demand over the forecast period.

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Isoflavones industry is anticipated to show lucrative growth over the forecast period, owing to their wide benefits in human health against various disease includes diabetes, obesity and others. Additionally, increased lactose intolerance is leading a change of consumer perspectives towards soy products instead of milk and milk products will foster the growth of isoflavones.

Most lactose intolerant individuals are found in Europe and U.S. where several flavors and health additives that are added to soy products increase their appeal and demand among the consumers. Another driver for soy flavones is its price which are considerably lower than that of milk products. Moreover, a major driver of the soy flavones market is the increased health awareness among individuals as soy has relatively less calories and various health benefits compared to substitutes which will drive the isoflavones market growth.

The spread of novel coronavirus has led to a medium to high impact on every industry all around the world. Along with worldwide lockdowns implemented by international governments led to manufacturers to shut down their production and supply procedures and affected the prices and supply for raw material in the past years. However, the demand for nutraceutical products has increased during the covid-19 spread, owing to rising health concern among consumers further propel the demand of isoflavones over the forecast period.

Soy isoflavones generally increases the production of estrogen receptor breast cancer cells, thereby interfering with effectiveness of some cancer treatments including tamoxifen. Although, these products help in treating menstrual related syndrome but women with breast cancer are advised to consume limited amount of soy and limit excessive supplementation. Also, these products may cause hypothyroidism and goiter by interfering with thyroid hormone synthesis.

Isoflavones which occur naturally in soybeans including tempeh and tofu are considered healthy, but supplements may contain isoflavones which do not fall within safe parameters and pose additional threats to body. Therefore, these multiple side effects of isoflavones led to restricts its market growth over the assessment period. However, the growing demand for plant-based food products in the market owing to growing health consciousness overcome the hindrance in the industry expansion.

Growing demand for non-GMO, and gluten-free food will boost chickpea based isoflavones demand over the upcoming period

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Global Isoflavones market from chickpea source is anticipated to surpass USD 350 million by 2027 growing at a CAGR of over 16.5% owing to growing use of isoflavone rich non-GMO chickpea flour in baked goods Chickpeas offers numerous health benefits and widely being used to prepare grain-free flour. Where chickpea flour is gluten-free and an excellent source of dietary fiber, isoflavones and protein. Individuals who are intolerant to grain-based products can shift to chickpea flour. Isoflavones play an important role in protecting and maintaining strong and healthy bones. Therefore, these multiple benefits of chickpea led to increase its application on Isoflavones and drive its market statistics.

Change in lifestyle and eating habits led to increase the demand for nutraceutical products around the worldwide and likely to boost Isoflavones market share

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Isoflavones market from nutraceutical application is set to surpass USD 20.5 billion by 2027. Isoflavones compounds have been found effective in the management of diabetes. It reduces low-density lipoprotein and triglycerides and minimizes the risk of cardiovascular diseases. Isoflavones have preventive characteristics and inhibits the growth of prostate cancer cells and can fight osteoporosis by inhibiting bone resorption and stimulating cartilage formation. Therefore, these multiple benefits of isoflavones led to propel the product demand in the nutraceutical industry.

Growing vegan population in the region should stimulate North America Isoflavones market expansion

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North American isoflavones market is expected to exceed USD 15 billion by 2027 with the CAGR over 16%. Shift in consumer behavior with respect to sociological & health trends towards healthy food & rising shift towards vegetarianism will drive the demand for plant-based ingredients and drive the industry outlook. Soy & chickpea proteins rich in isoflavones are considered as good source of carbohydrates, proteins, & fiber. They are associated with health benefits ranging from bone health, regulating blood pressure, cardiovascular diseases, diabetes, and controlling inflammation. North American market is seeing trends towards healthy food owing to growing social influence of shifting towards vegan products and shifting ideology towards prevention rather than cure.

Innovational product launches and continuous research & development activities are the key business strategies incorporated by major market players

Global Isoflavones market is fragmented and moderately competitive in nature owing to presence of large number of players in the global business. Players in the market includes Mallcom, ADM, Cargill, SK Bioland, Frutarom Ltd., Alpro, DSM and others. Other key industry participants include Guzen Development, Aushadhi Herbal, Fujicco Co., Ltd, Nutra Green Biotechnology Co., Ltd. and Tradichem. The players in the market are investing in new technology and product development to grasp growing demand in the industry over the forecast period.

For instance, Cargill Health & Technologies is a subsidiary of Cargill and is engaged in manufacturing & marketing activities various types of food & dietary supplements. It offers its isoflavone product line through food & beverage solutions. The company is rapidly increasing its revenue in research & marketing to capitalize on emerging trends in market.

The global isoflavones market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2027 for the following segments

By Product

  • Soy
    • Food & beverages
    • Nutraceuticals
    • Cosmetics
    • Others
  • Chickpea
    • Food & beverages
    • Nutraceuticals
    • Cosmetics
    • Others
  • Red clover
    • Food & beverages
    • Nutraceuticals
    • Cosmetics
    • Others
  • Others
    • Food & beverages
    • Nutraceuticals
    • Cosmetics
    • Others

The above information has been provided for the following regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Denmark
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global market for isoflavones has surpassed USD 17 billion in 2020 and will record a CAGR of over 15% through 2027 with the rising demand for generic & prescribed supplements and organic food & beverages.
Global Isoflavones industry will record USD 350 million in revenue from chickpea segment by 2027 with the increasing use of isoflavone rich non-GMO chickpea flour in baked goods due to numerous health benefits.
Nutraceutical application segment will record valuation of over USD 20.5 billion by 2027 owing to the known product benefits for the management of diabetes and reducing the risk of cardiovascular diseases.
North American market for isoflavones will exhibit a CAGR of over 16% through 2027 owing to rising demand for plant-based ingredients driven by shifting consumer interest towards healthy food and vegetarianism.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 13
  • Tables & Figures: 407
  • Countries covered: 23
  • Pages: 260
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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