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Soy Source segment of isoflavones market may overtake 13.5% CAGR by 2024

Author : Rahul Sankrityayan | Published Date : 2019-04-01 

Soy isoflavones market size may register gains at over 13.5% by the end of forecast period. Soy based foods such as tofu, whole soybeans, miso, soymilk, nuts, tempeh and soy sauce are rich sources of iron, protein, fiber and vitamins. Also, various soy proteins and tofu are used as meat alternatives mainly in sausages, burgers and hotdogs which are lower in fat as compared to meat products. Americans are highly preferring for soy proteins in their daily diets owing to high availability and scientific studies of offering health benefits such as lower cholesterol, weight management and certain cancers thereby influencing market growth.

Isoflavones are majorly produced from soybean flour which is further followed by extraction and purification process. Soy contains the highest concentration of isoflavones and thereby available as food supplements majorly and marketed as health promoting substances. Increasing demand from food & beverage industry owing to high content of proteins, minerals and vitamins may promote industry growth.

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China red clover isoflavones from cosmetic applications may register gains at over 12.5% by the end of 2025. Red clover contains estrogen like flavonoids also known as phytoestrogens which are used for treating irritating skin conditions including rashes, eczema and psoriasis. Also, these products boost circulation further helping in clearing skin conditions along with removing wastage built up within skin’s surface. Increasing image consciousness, rising aging population and rising demand for grooming products among youth population may enhance regional product demand.

Increasing health consciousness along with obesity problems leading to various diseases such as heart stroke, cancer, diabetes, high blood pressure, breathing problems and weight gain is expected to foster market growth. Soy isoflavones are majorly available as functional foods in the form of tablets and powder and plays a major role in promoting overall growth and wellness.

Isoflavones Market is set to surpass USD 30 billion by 2025; according to a new research report by Global Market Insights, Inc.

Various foods contain high concentrations of isoflavones including soy, chickpeas, red clover, kudzu, peanuts, peas and lentils which acts as estrogen in the body. These products are class of phytochemicals, which are plant based compounds having potential of fighting various diseases. Also, supporting government initiatives regarding labelling of food products and instruction regarding correct dosage may further stimulate product demand.

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North America chickpea isoflavones market from nutraceutical applications may surpass USD 40 million by the end of 2025. Chickpea protein concentrates are rich in isoflavones and are considered as good sources of fiber, proteins and carbohydrates. The beans are associated with various health benefits such as improvement in bone health, regulating blood pressure, improving heart health, inflammation and controlling type 2 diabetes. Consumers in the region are highly incorporating plant based diets into their daily routines owing to growing social media influence of turning into veganism will further promote isoflavones market growth.

ADM, Guzen Development, Nutra Green Biotechnology, SK Bioland, Aushadhi Herbal and Frutarom. are some of the major manufacturers in the market. Various producers in the market are focusing on enhancing their product production and expanding their regional reach by forming various strategies including partnerships, mergers & acquisitions and joint ventures.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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