Isoflavones Market:
Growth opportunities in the Isoflavones Market look promising over the next six years. This is mainly due to their extensive usage in producing cosmetics and enormous hair care products. They are also used in the pharmaceutical industry to cure different diseases.
Isoflavones Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting consciousness concerned with the consumption of organic products and accelerating population are the two prominent drivers supplementing the growth of the global isoflavones market. Also, they help to reduce the risk of breast cancer, stroke, and coronary heart diseases and impede the growth of cancer cells by decreasing cell multiplication. In addition, they prompt bone formation and increases bone mass. These products are implemented in cosmetics to treat skin firming, protect sun damage, wrinkles, and can be used as a moisturizing agent. These factors together are strengthening the isoflavones market size. The surging demand from the food and beverage industry led by the excessive contents of protein, minerals, and vitamins has further bolstered the isoflavones market growth.
Furthermore, their stimulating demand from the nutraceuticals and dietary supplements sector paves the way for market growth. This is mainly because the growing problem of menopause in women has shifted their preference in favor of supplements with natural substitutes. However, the rising allergies from the consumption of soy-based products and consequences cause by extravagant usage of these products for a long duration, such as cramping, itching, digestive problems, migraine, stomach irritations, and headaches will hinder the isoflavones market share.
Application Segment Drivers
Based on application, the market is segmented into pharmaceuticals, cosmetics, nutraceuticals, and food & beverages. Among these, pharmaceuticals is predicted to witness a higher CAGR during the forecast period. This is primarily attributed to its therapeutic and functional properties. They are mostly employed in the treatment of chronic and cardiovascular diseases. On the other hand, cosmetics is expected to lead the market during the forecast period. This because of their surging application as antioxidants in skin and hair care products.
Regional Drivers
Based on the regional coverage, North America is projected to dominate the market during the forecast period. The mounting incidences of obesity have aggravated the emphasis on weight management techniques, which is persuading consumers to opt for healthy, nutritional, and natural food products and ingredients, which has fuelled the market growth. Health conditions related to obesity include type 2 diabetes, hypertension, stroke, heart disease, and several cancer types are engendering premature deaths. Thereby prompting consumers to switch towards healthy food & beverages.
Isoflavones Market’s leading Manufacturers:
- WestRock Company
- Vanguard Packaging Incorporated
- Cardboard Box Company
- International Paper
- DS Smith
- Caps Cases Limited
- STI Group
- Weedon Group
- Smurfit Kappa
- Mondi
Isoflavones Market Segmentation:
Segmentation by Type
- Paper and Paperboard
- Plastics
- Others
Segmentation by Type of Package
- Die-Cut Display Containers
- Corrugated Cardboard Boxes
- Shrink Wrapped Trays
- Modified Cases
- Plastic Containers
- Others
Segmentation by End-User Application
- Food & Beverage
- Household Products
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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