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Description
Isoflavones Market size was valued at USD 17.2 billion in 2021, growing at a CAGR of 15% during the forecast period 2022-2028. Isoflavones are phytoestrogen which are mainly produced by legume family plants such as soybeans, chickpeas, and red clover. Phytoestrogens are as similar to that of female hormones which are essential for the lowering cholesterol, treating cancers and menopausal symptoms, maintaining bone health, and others. Additionally, rising prevalence of cancer and rising in the number of geriatric population rising in the demand of good dietary products for the maintenance of health. They are the key source of antioxidants which are used for the lowering the cholesterol level which prevent from stroke and heart disease. Moreover, rising use of isoflavones in the manufacturing of cosmetics products as it has the property of antiaging such as reducing wrinkles, scars, etc. In addition, high growth in emerging economies provides huge growth opportunity for the market. Global isoflavones market is surging owing to frequent acquisitions and launchings by the market players.
Key Developments:
In September 2019, Frutarom launched a range of soy ingredients named Organic Soy Life Complex, which is rich in isoflavones.
