Phytoestrogen Supplements Market Size, Share, Growth Analysis, By Type(Flavonoids, Daidzen, Denistein, Glycitein), By Source(Nuts & Oilseeds, Soy Products, Cereals & Bread, Legumes), By Application(Food & Beverages, Nutraceuticals, Cosmetics, and Others), By End User(Hospitals, Clinics, Research Organizations, Diagnostic Laboratories), By Distribution Channel(Retail Pharmacy, Online Pharmacy, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35I2301 | Region: Global | Published Date: August, 2024
Pages: 219 | Tables: 132 | Figures: 72

Phytoestrogen Supplements Market Dynamics

Drivers

High Focus on Women’s Health

Focus on women’s health has been increasing rapidly around the world owing to the launch of several awareness initiatives and campaigns. This is pushing women to invest in their health and boosting sales of phytoestrogen supplements.

Rising Number of Menopausal Women

Phytoestrogen supplementation plays a crucial role in balancing hormones for a menopausal woman and the number of menopausal women is increasing rapidly around the world thereby driving phytoestrogen supplements market growth as well.

Restraints

Risks of Side Effects

Phytoestrogen supplements are not very well regulated in most parts of the world and are often sold as dietary supplements. Consumption of these might have different kinds of side effects such as gastrointestinal issues on people owing to the lack of proper guidance on consumption. This risk of side effects could slow down the phytoestrogen supplements market growth.

Phytoestrogen Supplements Market Report Snapshots

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FAQs

Global Phytoestrogen Supplements Market size was valued at USD 3.83 billion in 2022 and is poised to grow from USD 4 billion in 2023 to USD 5.69 billion by 2031, growing at a CAGR of 4.5% during the forecast period (2024-2031).

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. 'Aushadhi Herbal', 'Solaray', 'Vitacost', 'Bioland', 'Medisys Biotech Pvt. Ltd.', 'Guzen Development', 'Doterra', 'Frutarom Ltd.', 'Fujicco Co. Ltd.', 'Nutra Green Biotechnology Co. Ltd.', 'Archer Daniels Midland', 'Tradichem S.L.', 'Nutrition Express', 'Helios', 'Nature's Plus'

Focus on women’s health has been increasing rapidly around the world owing to the launch of several awareness initiatives and campaigns. This is pushing women to invest in their health and boosting sales of phytoestrogen supplements.

High Demand for Hormone Replacement Therapy Alternatives: Phytoestrogen supplement providers can make a fortune if they invest in R&D to prove phytoestrogen supplementation as a genuine alternative for hormone replacement therapy. People across the world are looking for hormone replacement therapy alternatives and phytoestrogens could have the potential to do that, so sufficient investment in R&D could create a plethora of new opportunities for phytoestrogen supplements companies in the long run.

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.

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Phytoestrogen Supplements Market Dynamics

Phytoestrogen Supplements Market Report Snapshots

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