Portland, OR, Sept. 16, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global isoflavones market generated $975.0 million in 2020, and is expected to reach $1.70 billion by 2030, registering a CAGR of 5.8% from 2021 to 2030.
Increase in prevalence of cancer, cardiovascular diseases, and menopausal issues, surge in geriatric population, and rise in demand for fortified food due to increase in health consciousness among consumers have boosted the growth of the global isoflavones market. However, less efficiency compared to alternatives and strict regulatory requirements hinder the market growth. On the contrary, untapped potential in developing market and developments in technology are expected to open new opportunities for the market players in the coming years.
Download Sample PDF (292 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/13504
Covid-19 scenario:
- The Covid-19 pandemic increased consumer awareness regarding importance of healthy diet and supplements that consists of isoflavones. Thus, the demand for isoflavones increased drastically since the outbreak.
- However, the lockdown regulations imposed in several countries disrupted the supply chain, which hampered the manufacturing of such dietary supplements and increased the raw material prices.
The report segments the global isoflavones market on the basis of source, application, form, and region.
Based on source, the red clover segment is expected to portray the highest CAGR of 6.2% during the forecast period. However, the soy segment held the largest share in 2020, contributing to more than four-fifths of the market.
Request the Covid19 Impact Analysis: https://www.alliedmarketresearch.com/request-for-customization/13504?reqfor=covid
On the basis of application, the food & beverages segment is projected to manifest the highest CAGR of 7.0% during the forecast period. However, the pharmaceuticals segment held the lion’s share in 2020, accounting for more than two-fifths of the market.
The report offers an analysis of the global isoflavones market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020, holding around one-third of the market. However, the market across LAMEA is projected to showcase the highest CAGR of 6.7% during the forecast period.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/isoflavones-market/purchase-options
The global isoflavones market report includes an in-depth analysis of the prime market players such as Archer-Daniels-Midland (ADM) Company, Cargill, DSM, Badische Anilin und Soda Fabrik (BASF), Shanghai Freemen, International Flavors and Fragrances, Bio-gen Extracts, Nexira Inc., SK Bioland, Sikko Industries, Herbo Nutra, BioMax, and NutraScience Labs.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
