Published Date: 2-Nov-2021
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According to a new report Global Isoflavones Market, published by KBV research, The Global Isoflavones Market size is expected to reach $1.4 billion by 2027, rising at a market growth of 6.4% CAGR during the forecast period.
The soy segment obtained the maximum revenue share of the global isoflavones market in 2020. Factor such as the surge in the consumer awareness about the advantages of the consumption of soy isoflavones in regular diet like the prevention and treating asthma, multiple cancers, heart disease, and diabetes is expected to fuel the growth of the segment.
The food & beverage and cosmetics industries are expected to boost the growth of the global isoflavones market during the forecast period. It is generally utilized as an additive in the food & beverage industry. The segment would obtain a substantial revenue share of the global market during the forecasting period. In cosmetics applications, it is utilized as antioxidants in hair care and skincare products.
North America emerged as one of the leading regions in the global isoflavones market in 2020 and is likely to exhibit a similar kind of trend even during the forecasting period. The region is home to some of the leading players in the market. Moreover, factors such as the rise in prevalence of obesity in the region led to a higher focus on weight management procedures & attracting the consumers toward natural & healthy food products containing natural ingredients are expected to fuel the growth of the regional isoflavones market during the forecast period. The European region is expected to showcase the prominent growth rate due to the increasing awareness about the advantages of the product among the consumers.
Full Report: https://www.kbvresearch.com/isoflavones-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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