LONDON, Aug. 9, 2017 /PRNewswire/ -- Description
Owing to several factors such as rising health conscious population, and increasing demand of isoflavones from various end use industries, the isoflavones market is expected to grow at a CAGR of 13.7% through 2017 to 2021 in terms of value and at 14.7% in terms of volume. The report is a compilation of the different segments of the global isoflavones market, including market breakdown by the source type, end use industry and different geographical areas.
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Herein, the revenue generated from the source type, namely, soy, red clover, chickpea and others; and end use industry, namely, nutraceuticals, cosmetic and food & beverage, among others, are tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the isoflavones market. It also includes the key participants involved in the manufacturing and distribution of these products.
The report answers the following questions about the global isoflavones market:
• What are the different factors driving the market and what will be their impact in the forecast period?
• What are the major factors challenging the growth of global isoflavones market and how can they be addressed through the forecast period?
• How will the market players influence the key developments such as new product launches, acquisitions, and partnerships, among others?
• Which region will lead the global isoflavones market by the end of the forecast period?
• What are the prevalent source types and what is the market size for each of them?
• What are the prevalent end use applications and what is the market size for each of them?
• How will the competitive rivalry evolve through the forecast period?
The report puts special emphasis on the market share of the services provided in the isoflavones market, owing to the changing paradigms in the industry. The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. This segment also focuses on the investments made in the isoflavones market by the market participants.
The commonly used strategy adopted by the key players to enhance their geographic presence is product launch, followed by mergers & acquisition. Moreover, the company profiles section highlights significant information about the key companies involved, along with their financial positions, key strategies & developmental activities since the past few years.
Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global isoflavones market are Archer Daniels Midland Company, Koninklijke DSM N.V., Cargill Health and Food Technologies, Tradichem S.L., Future Ceuticals Inc., Frutarom Health, Fujicco Co.ltd, Herbo Nutra, Alpro, Bio-gen extracts Pvt. Ltd., Future Ceuticals Inc., and Perennial life sciences Pvt. Ltd, among others.
Protein malnutrition is a global issue at present, hence, there is an urgent need to explore a solution to the same. Consequently, several new products have emerged in the market, which act as potential alternatives to the conventionally consumed protein source, such as meat.
Soyabean is one such alternative that is rich in isoflavones and provides numerous health benefits. As a result, the popularity and consumption of soyabean is growing at a rapid pace across the globe. At present, the U.S., Brazil and China are leading in the production of soybean, with the U.S. being the largest producer. The country produces over 50% of the world's soybean and holds over 50% of the total soybean area globally.
Soyabean is capable of supplying most of the nutrients and can clearly substitute meat, and to some extent, milk as well. For the past 20 years, a considerable amount of research has been done to know the health effects of soy consumption on an individual's health. Initially, isoflavones were used in the animal feed industry but later due to their various health benefits it was realized that these products can also be used in the food industry.
Isoflavones belong to the class of phytoestrogen. Phytoestrogen, as defined by the British Working Group on Phytoestrogens of the Committee of Toxicity of Chemicals in Food, Consumer Products and the Environment of the Food Standards Agency (FSA, 2003), is a plant substance or metabolite which includes biological responses in vertebrates and can moderate the actions of estrogens usually binding to estrogen receptors.
Isoflavone acts as a substitute to the estrogen content present in the human body, by providing several health benefits such as blocking the estrogen receptors and acting as an anti-estrogen. Soybeans, chick peas and certain other legumes, are some of the key source of isoflavones. However, amongst all, soybeans contain the highest concentration of isoflavones. The most important isoflavones found in soybeans are genistein and daidzein.
The isoflavones market is expected to progress at a substantial rate due to the ever growing demand for healthy foods among the health conscious consumers.
The growth for this market is being driven by the following factors:
• Increasing health conscious population
• Increasing demand of isoflavones from end-use industry
• Rise in the demand for nutraceutical supplements
However, there exist certain challenges which are inhibiting the overall growth of the global isoflavones market:
• Lack of awareness
• High cost of soy
The isoflavones market is expected to grow from $XX billion in the year 2016 to $21.90 billion by 2021 at a CAGR of 13.7% from 2017 to 2021. This growth is attributed to the increasing demand of isoflavones from the end use industries such as cosmetic, nutraceuticals and food & beverage. The market has been experiencing rapid growth since the past few years owing to economic development, increasing health conscious population, rising demand for soy based products, and increasing consumer awareness about the usage of isoflavones products.
The trends in the isoflavones market varies with the geographical regions. The isoflavones market holds a prominent share in various countries such as the US, Germany and China. The competitive landscape for the isoflavones market demonstrates an inclination towards companies adopting strategies such as agreements, collaborations, partnerships and joint ventures.
Archer Daniels Midland Company, Koninklijke DSM N.V., Cargill Health and Food Technologies, Tradichem S.L., Future Ceuticals Inc., Frutarom Health, Fujicco Co.ltd, Herbo Nutra, Alpro, Bio-gen extracts Pvt. Ltd., Future Ceuticals Inc., and Perennial life sciences Pvt. Ltd, among others, are the companies which have remained in the limelight in the past three years because of agreements, collaborations, contracts, joint ventures & partnerships, and expansions strategies.
Rest of Europe
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