soybeans, isoflavones, female hormones, healthy food, pink background
Overview and Scope
Isoflavones are a naturally occurring organic compound belonging to the flavonoid family. They are commonly found in various plant sources, particularly legumes such as fava beans, pistachios, and other fruits and nuts. These have a chemical structure similar to estrogen, a hormone found in the human body.
Sizing and Forecast
The isoflavones market size has grown rapidly in recent years. It will grow from $21.14 billion in 2023 to $23.66 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increased health consciousness, growing demand for nutraceuticals, preventive healthcare trends, rising incidence of hormonal disorders, expanding applications in food and beverages.
The isoflavones market size is expected to see rapid growth in the next few years. It will grow to $37.36 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to research on menopausal symptom relief, expanding cosmetic and skincare applications, increased adoption in functional beverages, growing awareness of plant-based diets. Major trends in the forecast period include emphasis on non-gmo and organic sources, focus on sports nutrition and performance, innovation in delivery formats, integration in plant-based protein products, global market expansion.
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Segmentation & Regional Insights
The isoflavones market covered in this report is segmented –
1) By Source: Soybean, Peanut, Chickpea, Clover, Other Sources
2) By Nature: Organic, Conventional
3) By Form: Powder, Liquid
4) By Application: Food And Beverages, Nutraceuticals, Cosmetics, Other Applications
North America was the largest region in the isoflavones market in 2023. The regions covered in the isoflavones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing use of isoflavones in the cosmetics industry is expected to propel the growth of the isoflavones market going forward. The cosmetic industry refers to the industry that comprises of manufacturing and distribution of various skin care products. Isoflavone is used in skincare products that include aglycones and daidzein, which provide antioxidant and anti-aging protection and soothing and moisturizing properties. For instance, in 2023, according to the Cosmetic Toiletry & Perfumery Association (CTPA), a UK-based organization, the share of color cosmetics increased from 10.9 % in 2021 to 11.3% in 2022. Additionally, the share of fragrances rose from 20.1% in 2021 to 20.6% in 2022. Therefore, the increasing use of isoflavones in the cosmetics industry drives the isoflavones market.
Key Industry Players
Major companies operating in the isoflavones market report are Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE, International Flavors & Fragrances Inc., Koninklijke DSM N.V., Otsuka Pharmaceutical Co. Ltd., Novozymes A/S, Naturex SA, Fujicco Co. Ltd., NOW Foods Private Limited, Guilin Layn Natural Ingredients Corp., Nexira Inc., Changsha Huir Biological-Tech Co. Ltd., Bio-gen Extracts Private Limited, Hunan Huacheng Biotech Inc., Organic Herb Inc., NutraScience Labs, Wuhan HengHeDa Pharm Co. Ltd., Hunan Sunfull Bio-tech Co. Ltd., Sikko Industries Ltd., Xi’an Greena Biotech Co. Ltd., Hunan Nutramax Inc., Shaanxi Pioneer Biotech Co. Ltd., Changsha Natureway Co. Ltd., Xi’an Sgonek Biological Technology Co. Ltd.
The isoflavones market report table of contents includes:
1. Executive Summary
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