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A phytoestrogen is a plant-derived xenoestrogens also called a "dietary estrogen", which is a diverse group of naturally occurring nonsteroidal plant compounds that are available in a wide variety of foods, most notably soy and are structurally and/or functionally similar to mammalian estrogens and their active metabolites. Phytoestrogens are not essential nutrients because their absence from the diet does not cause a disease, nor are they known to participate in any normal biological functions. These are generally used to address issues associated with the decline of estrogen secretion during menopause.
Other health benefits include lowered risk of osteoporosis, heart disease, menopausal symptoms, effects on the cardiovascular, metabolic, central nervous systems as well as reduction of risk of cancer have been claimed.
Phytoestrogens are present in numerous dietary supplements and widely marketed as a natural alternative to estrogen replacement therapy. As such, the market is expected to grow at a moderate CAGR in the years to come.
The growth of this market is attributed towards major relying factors including the rising prevalence of acne, increasing awareness regarding women health, increasing female geriatric population, the growing demand for nutraceutical etc.
Additionally, the demand in the recent years for nutraceuticals have drastically increased, and it is reported that phytoestrogens based nutraceuticals are extensively utilized for reducing the risks of osteoporosis, cardiovascular diseases, and various others. Thus, with the growth of the nutraceutical industry, it is anticipated that the demands for the phytoestrogens supplements will increase.
Phytoestrogens are also said to serve as a type of natural hormone replacement therapy which can result in the swelling up of this market.
However, there have been concerns that phytoestrogens sometimes act as endocrine disruptors that adversely affect health in the form of hot flashes, night sweats, mood changes, depression, uterine fibroids, endometriosis and others. Consequently, the question of whether or not phytoestrogens are beneficial or harmful to human health remains unresolved. It predominantly depends on age, health status, and even the presence or absence of specific gut microflora. This needs to be addressed quickly because global consumption is rapidly increasing.
Therefore, evidently, the presence of such risk factors and the low healthcare expenditure within the middle and low-income countries are factors that restrain the growth of this market.
PHYTOESTROGEN MARKET SEGMENTATION:
The Americas is said to dominate the global market for phytoestrogens owing to the growing female geriatric population and the presence of major market players within the region. Moreover, the presence of developed economies and healthcare sector within the region boosts the market growth.
Europe is reported to stand in the 2nd position in the global phytoestrogen supplements market. The prevalence of acne is increasing in Europe and phytoestrogens supplements can be utilized for the treatment of acne. Thus, driving the market growth within the region.
Asia Pacific is the fastest growing region in the global phytoestrogen market owing to the increasing awareness for women health, growing nutraceutical industries within the region and presence of rapidly developing healthcare within the region.
The Middle East and Africa hold 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. Although, majority of the market share within this region is estimated to be held by the Middle East because of the increasing government funding in the healthcare and the presence of developed economies such as the UAE, Kuwait, Dubai, and others.
FEW KEY PLAYERS IN PHYTOESTROGEN MARKET:
In September 2020, Sephora took its exclusive brand partnerships to clinical skin care with the launch of Dr. Zenovia Skincare, the eponymous line of clinical skin-care products by dermatologist Zenovia Gabriel, M.D. Although the brand features recognizable active ingredients like vitamin C, hyaluronic acid and benzoyl peroxide, it’s proprietary REG-ulate 360 Complex includes phytoestrogen to aim to locally balance hormone levels in skin which can be used by any gender.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global Phytoestrogen Market by the following segments:
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Key Questions Answered in the Global Phytoestrogen Industry Report
The report offers a comprehensive insight on the Phytoestrogen Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.