Isoflavones are a class of flavonoids that exhibit antioxidant, anticancer, antimicrobial, and anti-inflammatory properties. Inflammation is a protective process to resolve infection, clear out necrotic cells, and stimulate tissue repair. Isoflavones also play an important role in protecting and maintaining strong and healthy bones.
Major factors driving growth of the global isoflavones market include increasing demand in various applications such as nutraceuticals, food & beverages, dietary supplements, and animal feed and increasing health concerns among consumers. Soy based isoflavones helps to prevent various diseases such as heart diseases, risk of high blood pressure and cholesterol, and kidney diseases, which is major factor expected to support growth of the global isoflavones market over the forecast period.
Primary factory hampering growth of this market include high price of soy based isoflavones and easy availability of its substitutes in the market. Side effects occur due to high consumption of isoflavones such as allergies, headache, cramping, migraine, which is a key factor expected to restrain growth of the global isoflavones market over the forecast period.
The global isoflavones market has been segmented on the basis of source, product type, application, and region. On the basis of source, the global isoflavones market is segmented into soybeans and others. Soybeans accounted for highest revenue share in terms of revenue as compared to other source, owing to easy availability and usage.
On the basis of applications, the global isoflavones market is segmented into food & beverages, nutraceutical, cosmetics, and others. Nutraceuticals accounted for highest revenue share as compared to other applications segment, owing to high demand for dietary supplements and pharmaceuticals.
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On the basis of region, the global isoflavones market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is estimated to dominate the global isoflavones market in terms of revenue, owing to high demand from nutraceuticals, and high demand from developing countries such as China and India. The market in the North America is expected to account for the second-highest revenue share in market, owing to presence of various market players in the countries in the region.
Key players in this market include Archer Daniels Midland Company, Koninklijke DSM N.V., SunOpta Inc., BASF SE, Cargill Inc., Novogen Limited, E. I. du Pont de Nemours and Company, Medisys Biotech Pvt. Ltd., Fujicco Co., Ltd., and Nutra Green Biotechnology Co., Ltd.