Philippines isoflavones drugs market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The market is primarily driven by three factors: the growing elderly population, technological developments in the production of isoflavones, and the rising prevalence of cancer and other chronic disorders. The major key players in this market are Cargill, BASF, DSM, Shanghai Freemen, and ADM. Other key players include Nexira Inc., Bio-gen Extracts, Sikko Industries, SK Bioland, BioMax, Avestia Pharma, NutraScience Labs, Tradichem S.L., Nutra Green Biotechnology.
Philippines Isoflavones Market is valued at around $3.5 Mn in 2022 and is projected to reach $4.7 Mn by 2030, exhibiting a CAGR of 3.83% during the forecast period 2023-2030.
Alfalfa, red clover, and soybeans are some examples of plants that contain isoflavones, which are phenolic compounds. Of all of them, soybean is thought to possess the most isoflavones. Formononetin and genistein are two examples of the several types of soybeans isoflavones. These compounds are insoluble in water but have anti-oxidant, anti-cancer, and anti-osteoporotic properties. Supplements high in isoflavones have several health benefits, especially for people who are going through menopause.
According to a study that was published in the Journal of the American Medical Association, isoflavones help women who are going through menopause by reducing their symptoms and protect them from life-threatening diseases like cancer. These compounds have been found to help protect the heart. Supplements containing soy protein also help the body's levels of total and low-density cholesterol decline. Additional studies, including one published in the journal "Nutrients," show that these compounds help express anti-inflammatory properties in both people and animals. The market is primarily driven by three factors: the growing elderly population, technological developments in the production of isoflavones, and the rising prevalence of cancer and other chronic disorders. The major key players in this market are Cargill, BASF, DSM, Shanghai Freemen, and ADM. Other key players include Nexira Inc., Bio-gen Extracts, Sikko Industries, SK Bioland, BioMax, Avestia Pharma, NutraScience Labs, Tradichem S.L., Nutra Green Biotechnology.
Market Growth Drivers
The rise in the population's health consciousness, which increases demand for isoflavones, is one of the main factors anticipated to propel the growth of the isoflavones market. Additionally, it is projected that the growth of the isoflavones market would be fueled by the expansion of the nutraceutical industry and rising consumer awareness of weight loss and calorie reduction. Additionally, the market for isoflavones is predicted to grow more slowly due to the rise in the usage of protein supplements. In the years to come, the isoflavones market will likely experience further expansion opportunities due to the expanding demand for soy isoflavones from the pharmaceutical and medical industries.
Market Restraints
On the other hand, it is anticipated that the market for isoflavones will have slower growth due to the rise in harmful consequences. additionally, the negative effects may cause some people to develop specific food allergies, which could pose another obstacle to the market's expansion for isoflavones.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Source
By Applications
By End Users
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