A recent report published by Infinium Global Research on soy extracts market provides in-depth analysis of segments and sub-segments in the global as well as regional soy extracts market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional soy extracts market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global soy extracts market. According to the report, the global soy extracts market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
Soy extracts are medicinal as well as nutritional ingredients derived from soya beans. Soy extracts contain isoflavones that exhibit phytoestrogen properties and it is ideal for treating medical conditions involving extreme estrogen hormone imbalance. A research study has found out that soy extracts obstruct the growth of estrogen-independent breast cancer tumors better than genistein. Soy extracts find applications in treatments for cancer prevention, high cholesterol levels in the body, menopausal symptoms, osteoporosis, and some other medical conditions. Owing to its properties that help in the protection of skin and anti-aging process, soy extracts find applications in various cosmetic and skincare products. Moreover, they find applications in protein supplements, functional foods & beverages, and other pharmaceutical products
The increasing awareness about the health benefits of soy extracts products among consumers is expected to support the growth of soy extracts market. Approval for new soy extract products based on R&D drive the soy extracts market. The increase in production in soybean exporting countries is anticipated to have a positive impact on the soya extracts market. A lower stable price for soybeans due to increased production is expected to drive the growth of the soy extracts market during the forecast period. The increasing demand for dietary supplements is expected to benefit the soy extract market worldwide. The medicinal properties of soy extracts helpful for skincare treatments are expected to fuel the demand for soy extracts in the personal care industry. Additionally, an increase in demand for functional foods & beverages is expected to drive the growth of the market. The major players in the soy extract market are expected to find opportunities for expansion in the pharmaceutical sector, as the medicinal properties of soy extracts are used for the treatment of cancer, hormonal imbalance, high cholesterol, and menopause among other medical conditions. Due to the presence of estrogen elements in soy extracts, excessive consumption of it can have negative implications for males. Moreover, the phytates present in soy extracts can adversely regulate the intake of essential nutrients in the body. These are the major restraints of the global soy extracts market.
In terms of geographies, North America dominated the growth of the market followed by Europe. The US is the main contributor to the soy extracts market in the North America region. Advancement in technology and awareness regarding the health benefits of soy extracts drives the growth of this market in the North America region. In Europe region factors such as increasing consumers’ inclination towards functional food and beverages are positively supporting the growth for this market in the Europe region. Further, in the Asia Pacific region due to growing health consciousness and upsurge in consumption of healthy foods is boosting the growth of soy extracts market in the Asia Pacific region.
The report on global soy extracts market covers segments such as extracts type and applications. On the basis of extracts type, the sub-markets include flavonoids, phytochemicals, phytosterols, and polyphenols. On the basis of applications, the sub-markets include animal nutrition, functional food & beverages, pharmaceuticals, and personal care.
The report provides profiles of the companies in the market such as Alpro, The Archer Daniels Midland Company, Beiersdorf Australia Limited, Hebei Bonherb Technology Co., Ltd., Natrol, LLC, Novaforme, Layn, 3W Botanical Extract Inc., Life Extension, Xi'an Changyue Phytochemistry Co., Ltd., and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of soy extracts market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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