Isoflavones Market size is set to surpass USD 47.5 billion by 2027, according to a new research report by Global Market Insights Inc.
Excessive consumption of alcohol, smoking habits and junk food intake has resulted in imbalance in nutritional requirements and has led to rise in various diseases including obesity, diabetes, and cardiac diseases, thereby leading to high nutraceutical demand, therefore led to fuel the isoflavones demand in the nutraceutical application. Moreover, consumers have shifted their interests towards preventive healthcare which requires dietary supplements and daily functional food consumption to enhance immune system against diseases also support the market expansion.
Wide health benefits of red clover include prevention of cancer and respiratory problems will fuel the product demand.
Isoflavones market from red clover source is set to surpass USD 2.5 billion by 2027 at a CAGR of over 13.5%. Red clover has shown to improve the flow of blood through arteries and veins and used for cancer prevention, cardiovascular diseases, digestive and respiratory problems. Red clover isoflavones have been proposed as a treatment for menopause symptoms. Along with that red clover is a legume and contains chemicals called phytoestrogens and isoflavones which mimics the bio compound estrogen in the body. Therefore, these multiple health benefits of red clover favor industry growth over the upcoming timeframe.
Growing demand for natural and healthy food products led to support its Isoflavones demand in the food and beverage industry
Isoflavones market from food and beverage application is projected to exceed USD 10 billion by 2027. The nutrient-dense, vegan-friendly, gluten free products poised to be the next trending ingredient in snacks and the main ingredient in plant-based milk alternatives which will boost the market statistics. Moreover, isoflavones show potential to fight disease on several fronts and help to prevent buildup of arterial plaque, which reduces risk of coronary heart disease. Busy and sedentary lifestyles in working population is fueling the demand for healthy food marketed with rich in isoflavones.
Browse key industry insights spread across 260 pages with 377 market data tables and 30 figures & charts from the report, “Isoflavones Market Forecasts 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” in detail along with the table of contents:
Rising per capital income and spending on cosmetic product in Asia Pacific should propel the regional market expansion
Asia Pacific isoflavones market is expected to cross USD 13.5 billion by 2027. The rising per capita income in Asian countries and rising consumers consensus on being more aware of synthetic chemicals in cosmetics are making consumers turn towards natural & organic cosmetics. Soy, chickpea and red clover contains proteins & isoflavones that turn into phytoestrogens in the body to estrogen mimicking compounds. Estrogen stimulates and exhibits collagen & hyaluronic acid which prevents pathological aging in skin. Soy isoflavones have anti oxidation, anti-inflammation, and lubricating properties which is widely used in making base for lotions, creams & moisturizers. The rising demand for natural cosmetics will boost the market for isoflavones in this region
Key players in the Isoflavones market includes ADM, Cargill, DSM, Fujicco, HerboNutra, Frutoram, and others and account over 40% of share in the global market. Key players implementing different strategies including investment to improving their performances and product offerings and new product launch worldwide. For instance, In September 2019, Frutarom the company manufacturer of healthy nutrition ingredients launches new range of organic soy isoflavones. The product is obtained from the soy germ that found in the soybean heart and BE-BIO-01 organic certified.