The Business Research Company’s Isoflavones Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Isoflavones Global Market Report 2023 evaluates isoflavones market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global isoflavones market is expected to grow from $18.8 billion in 2022 to 21.14 billion in 2023 at a compound annual growth rate (CAGR) of 12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The isoflavones market is expected to reach $33.01 billion in 2027 at a CAGR of 11.8%.
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.
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The isoflavones market segments in the report are:
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
The table of contents in TBRC’s isoflavones market report includes:
1. Executive Summary
2. Isoflavones Market Characteristics
3. Isoflavones Market Trends And Strategies
4. Isoflavones Market – Macro Economic Scenario
5. Isoflavones Market Segmentation
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26. South America Isoflavones Market
27. Brazil Isoflavones Market
28. Middle East Isoflavones Market
29. Africa Isoflavones Market
30. Isoflavones Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Incorporated
- The Archer-Daniels-Midland Company
- BASF SE
- International Flavors & Fragrances Inc
- Koninklijke DSM N.V
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