Phytoestrogen Supplements Market Scenario
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.
Key Players in the Global Phytoestrogen Supplements Market:
Archer Daniels Midland,
Medisys Biotech Pvt. Ltd.,
Fujicco Co., Ltd,
Nutra Green Biotechnology Co., Ltd.,
HerboNutram and others.
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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 bread, 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 & clinics, research organizations, and others. On the basis of the application, the market is segmented into fractures, arthritis, Paget’s disease of bone, cancer originating in bone, and others. On the basis of the end user, the market is segmented into hospitals, clinics, diagnostic centers, and others.
Regional Analysis of the Global Phytoestrogen Supplements Market:
The Americas dominates the global market for phytoestrogen supplements owing growing female geriatric population, and presence of major market players within the region. According to the Administration for Community Living in 2016, the number of older women within the region was estimated to be 26.7 million. Moreover, the presence of developed economies and healthcare sector within the region boosts the market growth.
In 2017, it was estimated that Europe stood second in the global phytoestrogen supplements market.
It is reported that the prevalence of acne is increasing in Europe and phytoestrogens supplements can be utilized for the treatment of acne. Thus, the increasing reported cases of acne drives the market growth within the region. According to the British Skin Foundation in 2016, 28% of the total population within the region was estimated to suffer acne.
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 due to increasing government funding in the healthcare for healthcare, and presence of developed economies such as the UAE, Kuwait, Dubai, and others.
Major Table of Contents For Phytoestrogen Supplements Market Research Report – Forecast to 2023:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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