Isoflavones market is expected to grow over the forecast period owing to its rising use in the healthcare industry. Increasing use of isoflavones in industries including cosmetics and food & beverage is expected to drive the market growth. Healthcare is the largest application of isoflavones on account of its large scale use in curing diseases including breast cancer, cardiovascular & heart diseases. Isoflavones cure breast cancer by blocking the tumor cell growth caused due to high blood level of estrogen. Isoflavones are being increasingly used in dietary supplements as they protect the cardiovascular system by reducing cholesterol levels on account of its high antioxidant activity. In addition, isoflavones are used to improve bone formation which in turn maintains bone health. Isoflavones are employed in the cosmetics industry in the manufacturing of moisturizers, creams, body lotions and anti wrinkle & anti ageing creams owing to its skin enhancing properties. In addition, soy isoflavones are used in shampoos and hair oil to improve hair growth. However, an overdose of isoflavones can cause food allergies, increased heart rate, thyroid disorders and migraine headache. Hence ill effects associated with overconsumption of isoflavones are likely to challenge market growth over the forecast period. Asia Pacific is expected to witness substantial growth owing large scale demand from pharmaceutical and cosmetics industry over the forecast period. Europe is expected to witness sluggish growth on account of slow industrial recovery from economic recession. North America is expected to foresee slow growth as major pharmaceutical companies have been resorting to outsourcing of ingredient manufacturing.
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Key players present in the isoflavones market include NutriCap Labs, Carbocore, Perennial Lifesciences Pvt. Ltd., Herbo Nutra and Bio-gen Extracts Pvt Ltd. NutriCap Labs is involved in production of amino acids, herbs, proteins, vitamins & minerals and specialty ingredients including isoflavones. Carbocore is engaged in the production of various organic synthons including aliphatics, aromatics, flavones, isoflavones, pyrimidines & uracils and Styrenes. Perennial Lifesciences Pvt. Ltd. manufactures numerous herbal extracts and nutraceutical products including soya isoflavones. Herbo Nutra is involved in production of herbal extracts and soy isoflavones. Bio-gen Extracts Pvt Ltd. is primarily engaged in the manufacturing of pharmaceutical ingredients, nutraceutical raw materials and therapeutic enzymes.
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