Phytoestrogen Supplements Market Highlights
The Global Phytoestrogen Supplements market is expected to grow at an approximate CAGR of 6.1% during the forecast period, 2018–2023.
Phytoestrogens are plant-derived xenoestrogens which are used to address issues associated with the decline of estrogen secretion during menopause. In recent years, the demands for phytoestrogens have increased owing to the increasing female geriatric population, growing demands for nutraceutical, rising prevalence of acne and increasing awareness regarding women health. However, risks associated with the consumption and low healthcare expenditure within the middle and low-income countries is estimated to restraint the market growth during the forecast period.
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Phytoestrogen Supplements Market Segmentation
The global phytoestrogen supplements market is segmented on the basis of type, source, application, end-user, and region.
On the basis of type, the market is segmented into flavonoids and non-flavonoids. The flavonoids segment is sub-segmented isoflavones, coumestans, prenylflavonoids, and others. The isoflavones segment is further segmented into daidzein, genistein, glycitein, biochanin A, and others. The non- flavonoids segment is sub-segmented into lignans and stilbenes. By source, the market is categorized into nuts and oilseeds, soy products, cereals and breads, legumes, meat products, others. On the basis of application, the market is segmented into food & beverages, nutraceutical, cosmetics, and others.
By end-user, the market is categorized into hospitals and clinics, research organizations, and others.
Phytoestrogen Supplements Market Regional Analysis
The Americas dominates the global market for phytoestrogen supplements owing to growing female geriatric population and presence of major market players within the region. Additionally, the presence of developed economies and healthcare sector within the region fuels the market growth during the forecast period. In 2017, it was estimated that Europe stood second in the global phytoestrogen supplements market due to increasing prevalence of acne and presence of a well-developed healthcare sector within the region. Asia Pacific was the fastest growing region for the global phytoestrogen supplements market in 2017. Factors such as increasing awareness for women health, growing nutraceutical industries within the region and presence of rapidly developing healthcare within the region drives the market growth within the region. On the other hand, the Middle East and Africa holds the least share in the global phytoestrogen supplements market. The presence of poor economies and low per capita income, especially within the African region make the market to lag within the region. A majority of the market share within this region is estimated to be held by the Middle East.
Phytoestrogen Supplements Market Key Players
Some of the key players in the global phytoestrogen supplements market are Nutritionexpress, Doterra, Naturesplus, Vitacost, Solaray, Helios, Archer Daniels Midland, SK Bioland, Medisys Biotech Pvt. Ltd., Guzen Development, Fujicco Co., Ltd, Aushadhi Herbal, Tradichem S.L, Frutarom Ltd., Nutra Green Biotechnology Co., Ltd., HerboNutram, and others.
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