Isoflavones - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Isoflavones Market accounted for $1.04 billion in 2018 and is expected to reach $1.87 billion by 2027 growing at a CAGR of 6.7% during the forecast period. Increasing occurrence of cancer and cardiovascular diseases, flourishing automotive industry and rapid urbanization are some of the key driving factors for the market growth. Moreover, emerging technologies are providing opportunities for the market growth. However, severe regulatory requirements may hinder the market growth.
Isoflavones are phytostrogens with estrogenic activity. They belong to the class of organic compounds & biomolecules, and are classified as the members of flavonoid family. Flavonoid is a member of plant constituents known as polyphenols. These phytoestrogens are naturally occurring plants chemicals with estrogen-like properties.
Based on Form, the Powder segment is likely to have a huge demand due to factors such as ease in dealing with and usage in a wide scope of pharmaceutical and nutraceutical applications. By geography, North America is going to have a lucrative growth during the forecast period owing to the quickly expanding interest for isoflavones in medicinal services and pharmaceutical industry. Growing requirement for utilization of generic medicines containing isoflavones for cancer treatment is due to its widespread availability and lower retail cost in developing nations in this region.
Some of the key players profiled in the Isoflavones Market include BASF, Cargill, ADM, SK Bioland, International Flavors and Fragrances, Shanghai Freemen, DSM, Nexira Inc, Nutra Green Biotechnology, Biomax, Nutrascience Labs, Avestia Pharma, Tradichem S.L, Futureceuticals Inc, Bio-Gen Extracts Pvt Ltd, and Herbo Nutra.
• Red Clover
• Green Tea
• Other Sources
Distribution Channels Covered:
• Direct Sales
• Food & Beverages
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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