USD 3.83 billion
Report ID:
SQMIG35I2301 |
Region:
Global |
Published Date: August, 2024
Pages:
219
|Tables:
132
|Figures:
72
Phytoestrogen Supplements Market size was valued at USD 4 Billion in 2023 and is poised to grow from USD 4.18 Billion in 2024 to USD 5.95 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
Growing demand for hormone replacement therapy around the world is projected to uplift the sales of phytoestrogen supplements over the coming years. Phytoestrogen compounds are found naturally in different plant sources and they are used to address issues associated with oestrogen production in women. The expanding female aging population reaching menopause is also estimated to be a key factor that is slated to boost phytoestrogen supplements market growth going forward. Surging focus on women’s health and increasing awareness regarding menopause and postmenopausal symptoms are also contributing to rising phytoestrogen supplement demand across the world. Phytoestrogen supplements are used as a potent medication to treat the issue of hot flashes among women during the perimenopausal stage.
High demand for functional foods, growing focus on health and fitness, rising awareness regarding the benefits of phytoestrogen, and growing consumption of dietary supplements and nutraceuticals are other factors that could offer new opportunities for phytoestrogen supplement suppliers in the future. The rising use of phytoestrogen supplements in the treatment of osteoporosis in women is also a prospect that could bolster market development across the forecast period.
Global Market Size
USD 3.83 billion
Largest Segment
Food & Beverages
Fastest Growth
Food & Beverages
Growth Rate
4.5% CAGR
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The global phytoestrogen supplements market is segmented based on type, source, application, end user, and region. Based on type, the market is bifurcated into Flavonoids, Daidzen, Denistein, Glycetein, Biochanin A, Coumestans, Prenyl Flavonoids, Lignans, Stilbenes, and Others. Based on source, the market is segmented into Nut Oilseeds, Soy Products, Cereals Bread, Legumes, Meat Products, and Others. Based on application, the market is divided into food & beverages, nutraceuticals, cosmetics, and others. Based on end-user, the market is segmented into hospitals, clinics, research organizations, and diagnostic laboratories. Based on distribution channel, the market is segmented into Retail Pharmacy, Online Pharmacy, and Others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Application
Nutraceutical applications account for a prominent share of the global phytoestrogen supplements market. Increasing focus on health and fitness among people all over the world has boosted the consumption of nutraceuticals. An increasing number of women consuming nutraceuticals has pushed nutraceutical manufacturers to include phytoestrogen in their products as it is an important ingredient required to promote women’s health. The expanding working women population coupled with increased focus on women’s health driving up the demand for phytoestrogen supplements in the nutraceutical industry.
High demand for functional foods and beverages around the world is making the food & beverage application a fast-growing segment in this marketplace. Food and beverage manufacturers are focusing on incorporating functional ingredients in their products and this is slated to boost demand for phytoestrogen supplements in this application segment across the forecast period.
Analysis by Source
The majority of phytoestrogen supplements are made from phytoestrogen that is sourced from soy products and this is what allows it to account for a prominent share of the global marketplace. Isoflavone, the most researched and popularly used phytoestrogen, is found in high concentrations in soy products, which allows it to become a preferred source for the extraction of phytoestrogen. Phytoestrogen supplement manufacturers prefer to extract phytoestrogen from soy products owing to its wide availability and cost-effectiveness as compared to other sources.
Legumes are emerging as a popular source of phytoestrogen and are projected to become a renowned source for phytoestrogen extraction in the future. Rising demand for different types of phytoestrogen supplements is projected to push manufacturers to use phytoestrogens extracted from different sources to take advantage of the wide array of benefits that different types of phytoestrogen can provide.
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Global demand for phytoestrogen supplements is projected to be led by North America across the forecast period. Increasing awareness regarding menopause among women and growing consumption of dietary supplements and nutraceuticals are key prospects driving market growth in this region. The United States with its high consumer spending potential and growing demand for hormone replacement therapy alternatives is projected to be the most lucrative market for phytoestrogen supplement companies in the future. An increasing number of menopausal women in the North American region coupled with rising demand for osteoporosis treatment in women of this region are also slated to offer attractive phytoestrogen supplements market growth opportunities.
Awareness regarding women’s health in the Asia Pacific region is increasing rapidly and this makes it a highly opportune regional market for phytoestrogen supplement suppliers. The expanding working women population, rising awareness regarding the benefits of phytoestrogen consumption, rising sales of dietary supplements and nutraceuticals, and high disposable income are key factors that are slated to bolster demand for phytoestrogen supplements in the future. The rising number of women reaching menopause in countries such as Japan, China, and India is also creating a lucrative setting for phytoestrogen supplement vendors, as phytoestrogen supplementation is known to help alleviate discomfort in perimenopausal and menopausal stages.
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Drivers
High Focus on Women’s Health
Rising Number of Menopausal Women
Restraints
Risks of Side Effects
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Phytoestrogen supplement manufacturers are projected to focus on the development of new products that are equipped with better phytoestrogens. Companies can capitalise on the growing popularity of nutraceuticals and boost their sales potential. Phytoestrogen supplement vendors can collaborate or partner with different women’s health organisations and government organisations to increase the awareness regarding benefits associated with phytoestrogen consumption. Mergers and acquisitions are strategies that phytoestrogen supplements market players can opt for if they wish to expand their market presence and gain a competitive advantage over other companies. Phytoestrogen supplement providers can also craft creative marketing strategies to improve their sales and brand awareness.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, phytoestrogen supplement demand is projected to have a bright outlook on the back of growing consumption of nutraceuticals and a rising focus on women’s health. Increasing awareness regarding the benefits of phytoestrogen in women’s health, expanding the geriatric women population, and rising spending on healthcare and fitness are other factors that could bolster phytoestrogen supplements market growth over the coming years. However, risks of side effects associated with phytoestrogen supplement consumption are estimated to constrain phytoestrogen supplements market development across the forecast period. High consumption of nutraceuticals and rising spending on women’s health are key factors that make North America the leading regional market for phytoestrogen supplements. Developing phytoestrogen supplements that can act as an alternative to hormone replacement therapy will be the prime focus of key market players in the long run and create new opportunities for market growth as well.
What’s Included
NA
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4 Billion |
Market size value in 2032 | USD 5.95 Billion |
Growth Rate | 4.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Phytoestrogen Supplements Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Phytoestrogen Supplements Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Phytoestrogen Supplements Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Phytoestrogen Supplements Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35I2301
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