The North America Isoflavones Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
In comparison to a placebo, treatment with soy isoflavones enhances construction abilities, nonverbal memory, dexterity in geriatrics, and verbal fluency. Geriatrics is the field of medicine that provides medical care to older adults, an age group that is hard to define correctly. Numerous trials have been performed to understand the possible cognitive advantages of soy isoflavones in Alzheimer’s disease patients, and all the trials have shown successful results. Due to this, the constantly increasing geriatric population is expected to fuel the growth of the global isoflavones market during the forecast period.
The higher consumer expenditure and supportive government initiatives have driven the thriving food & beverages industry which would eventually propel the growth of the isoflavones market. In addition, the increase in the demand for fortified foods among health-conscious consumers would create bright growth prospects for the global isoflavones market over the forthcoming years. On the other hand, strict government guidelines in the industry would hamper the growth & demand of isoflavones in the market.
The US, Canada, and Mexico are some of the major countries of the North American region that are currently witnessing high demand for isoflavones-based products. The region is one of the largest manufacturers of soybeans, hence creating lucrative growth opportunities for the players operating in the isoflavones market. In addition, the surge in the prevalence of obesity is a significant concern among the young generation in the region, which is directly the attention of the consumers towards weight management and healthy lifestyle, hence boosting the overall health and wellness.
Conditions related to obesity involve type 2 diabetes, hypertension, stroke, heart disease, and several cancer kinds resulting in premature deaths. These aspects are encouraging consumers to shift towards healthy food & beverages, hence boosting the growth of the regional isoflavones market. Hence, these factors would collectively create new growth avenues for the players operating in the regional isoflavones market during the forecast period.
The US market dominated the North America Liquid Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $62,220 Thousands by 2027. The Canada market is experiencing a CAGR of 11.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 12% during (2021 - 2027).
Based on Form, the market is segmented into Powder and liquid. Based on Application, the market is segmented into Pharmaceuticals, Nutraceuticals, Cosmetics and Food & Beverages. Based on Source, the market is segmented into Red Clover, Soy and Other Sources. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Isoflavones Market is Estimated to Reach USD 1.4 Billion by 2027 at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, BASF SE, Koninklijke DSM N.V., International Flavors & Fragrances, Inc. (DuPont Nutrition), Shanghai Freemen, LLC, Nexira, Inc., Hyundai Bioland, Tradichem S.L., FutureCeuticals, Inc. (R. J. Van Drunen & Sons, Inc.), and Lactonova Nutripharm Pvt. Ltd.
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