Increase in demand for natural based products majorly in nutraceuticals, food & beverages, animal feed and dietary supplements may fuel isoflavones market growth.
Sellbyville, DE -- (SBWIRE) -- 05/28/2019 -- North America chickpea isoflavones market from nutraceutical applications may surpass USD 40 million by the end of 2025. Chickpea protein concentrates are rich in isoflavones and are considered as good sources of fiber, proteins and carbohydrates. The beans are associated with various health benefits such as improvement in bone health, regulating blood pressure, improving heart health, inflammation and controlling type 2 diabetes. Consumers in the region are highly incorporating plant based diets into their daily routines owing to growing social media influence of turning into veganism will further promote isoflavones market growth.
Rising health concerns along with changing lifestyle patterns and rapid urbanization may stimulate isoflavone demand. These products are utilized & marketed across various end-use segments owing to liberal government policies and positive temperamental shift towards promoting healthy lifestyles.
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Beverages such as soy milk & plant-based alternatives are a prominent dietary source of isoflavones. Various calcium fortified soy drinks are preferred in countries such as France, Germany and Switzerland and are highly rich in fiber and proteins. Further, these beverages contain high amounts of genistein & daidzein which strengthens the immune system, thyroid gland, & skeletal system and are widely found in baby infant formulas which is an important factor in the rising share of isoflavone market across beverages segment.
Various foods contain high concentrations of isoflavones including soy, chickpeas, red clover, kudzu, peanuts, peas and lentils which acts as estrogen in the body. These products are class of phytochemicals, which are plant based compounds having potential of fighting various diseases. Also, supporting government initiatives regarding labelling of food products and instruction regarding correct dosage may further stimulate product demand.
Soy isoflavone market demand from cosmetic applications was valued at over USD 2.5 billion in 2018. Rising environmental concerns along with increasing effects of global warming will increase demand for natural sunscreens pertaining to its antiseptic & moisturizing properties which further provides protection against UV rays and other environmental aggressors. These products are highly used as alternatives for chemical-based cosmetics thereby reducing the risk of skin related problems & serious medical conditions such as carcinoma and melanoma.
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Isoflavones are majorly produced from soybean flour which is further followed by extraction and purification process. Soy contains the highest concentration of isoflavones and thereby available as food supplements majorly and marketed as health promoting substances. Increasing demand from food & beverage industry owing to high content of proteins, minerals and vitamins may promote industry growth.
Alpro, Cargill, DSM, Frutarom, ADM, Medisys Biotech Pvt. Ltd. – India, Fujicco Co Ltd, SK BIOLABS PRIVATE LIMITED, Aushadhi Herbal, Nutra Green Biotechnology Co., Ltd, Guzen Development, Inc., TRADICHEM are some of the major manufacturers in the market. Various producers in the market are focusing on enhancing their product production and expanding their regional reach by forming various strategies including partnerships, mergers & acquisitions and joint ventures.