The isoflavones market has seen considerable growth due to a variety of factors.
•The growth of the isoflavones market has seen a swift acceleration in recent times. Projected to expand from $23.66 billion in 2024 to $26.49 billion in 2025, the market will experience a compound annual growth rate (CAGR) of 11.9%.
This notable growth during the historic period is majorly ascribed to factors like heightened health awareness, increasing demand for nutraceuticals, trends in preemptive health care, growing cases of hormonal disorders, and broader usage in food and beverage sectors.
The isoflavones market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the isoflavones market is projected to experience swift expansion, reaching a value of $42.38 billion in 2029 with a compound annual growth rate (CAGR) of 12.5%.
Reasons for this anticipated growth during the forecast period comprise of ongoing research on easing menopausal symptoms, extensive applications in cosmetics and skincare, growing acceptance of functional beverages, and a heightened awareness regarding plant-based diets. The forecast period will also see key trends such as the emphasis on non-GMO and organic sources, a focus on sports nutrition and performance, novelty in delivery formats, incorporation in plant-based protein products, and global market development.
The isoflavones market's expansion is anticipated to be fueled by its growing utilization in the cosmetics industry. The cosmetics sector encompasses the production and distribution of a variety of skincare goods, with isoflavones being a key ingredient in many. These products often contain aglycones and daidzein, which possess antioxidant, anti-aging, soothing, and moisturizing qualities. For example, the Cosmetic Toiletry & Perfumery Association (CTPA), a UK-based group, reported that the proportion of color cosmetics in 2023 increased from 10.9 % in 2021 to 11.3% in 2022. Similarly, the percentage of fragrances went up from 20.1% in 2021 to 20.6% in 2022. Thus, the rising popularity of isoflavones in the cosmetics sector serves as a major growth indicator for the isoflavones market.
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
Subsegments:
1) By Soybean: Fermented Soy Products, Non-Fermented Soy Products
2) By Peanut: Whole Peanuts, Peanut Flour
3) By Chickpea: Whole Chickpeas, Chickpea Flour
4) By Clover: Red Clover, White Clover
5) By Other Sources: Lentils, Mung Beans, Alfalfa
The advent of product innovations is a significant trend gaining traction in the isoflavones market. Companies in the isoflavones sector are releasing innovative products laced with isoflavones to maintain their market presence. For instance, PharmaLinea, a Slovenian food supplement manufacturer, released an advanced menopause supplement called Meno Ease Capsules in October 2022. These supplements offered menopause symptom relief using soy isoflavones as an improved rendition of the well-recognised classic Matevz Ambrozic.
Major companies operating in the isoflavones market include:
• 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.
North America was the largest region in the isoflavones market in 2024. The regions covered in the isoflavones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa