The Latin America, Middle East and Africa Isoflavones Market is expected to witness market growth of 7.4% CAGR during the forecast period (2021-2027).
The higher consumer expenditure and supportive government initiatives have driven the thriving food & beverages industry which is expected to eventually propel the growth of the isoflavones market. In addition, the increase in the demand for fortified foods among health-conscious consumers is expected to create bright growth prospects for the isoflavones market over the forthcoming years. On the other hand, strict government guidelines in the industry is expected to hamper the growth & demand of isoflavones in the global market.
Additionally, the demand for Isoflavones is expected to be fueled by the increase in the occurrence of the menopausal issue. Women experiencing menopause face numerous problems such as sexual dysfunction, hot flashes, and insomnia. Most of the women are inclined towards estrogen-containing supplements that could enhance the possibility of strokes, blood clots, or breast or uterine cancer. Due to this, based on their health and family health history, estrogen may not be a feasible option for most of women.
The growing cases of breast cancer in different countries of the region are expected to boost the demand & growth of Isoflavones in the regional market. As isoflavones reduce the possibility of breast cancer and also hampers cancer cell development by decreasing cell multiplication. They are also a major source of antioxidants that decreases cholesterol levels in order to protect the cardiovascular system and also lowers down the possibility of stroke and coronary heart diseases. These factors are likely to propel the growth of the isoflavones in the regional market.
The outbreak of the COVID-19 pandemic has boosted consumer awareness regarding healthy diets and supplements. Moreover, there are untapped opportunities in the region; hence key players are entering into the regional market by adopting various marketing strategies. Thus, these aspects are set to fuel the growth of the regional isoflavones market during the forecast period.
The Powder market dominated the South Africa Isoflavones Market by Form 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $13,004.7 Thousands by 2027. The Liquid market is expected to witness a CAGR of 13.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Form
- Powder
- Liquid
By Application
- Pharmaceuticals
- Nutraceuticals
- Cosmetics
- Food & Beverages
By Source
- Red Clover
- Soy
- Other Sources
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.)
- Lactonova Nutripharm Pvt. Ltd.
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- Exhaustive coverage
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Table of Contents
Companies Mentioned
- 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.)
- Lactonova Nutripharm Pvt. Ltd.
Methodology
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