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Phytoestrogen Market To Exceed 1

Phytoestrogen Market To Exceed 1Phytoestrogen Market To Exceed 1.5 Bn Steered By Rising Adoption In Dietary Supplements
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NEW YORK, Dec. 10, 2021 /PRNewswire/ -- The global phytoestrogen market is projected to exhibit growth at 3% CAGR during the forecast period between 2020 to 2030, estimates Fact.MR. Increasing usage of phytoestrogen in the production of nutraceutical and oncological drugs is expected to boost the market in the near future.

Phytoestrogen, also known as dietary estrogen, is a naturally occurring compound found in plants. Its chemical structure is very similar to estrogen. It helps women to rebalance their hormones while they approach menopause. Hence, increasing demand for phytoestrogen among women in the form of dietary supplements is expected to drive sales over the forecast period.
In addition, many pharmaceutical companies are using this plant-based compound to manufacture novel drugs for treating chronic diseases. It is considered to be beneficial for the treatment of rheumatism, osteoporosis, and cancer.
For instance, as per the Australian Bureau of Statistics (ABS), around 924,000 Australians were living with osteoporosis during 2017-2018 and this number is anticipated to surge by 2031. Hence, to curb the global burden, demand for phytoestrogen is expected to burgeon in the upcoming years.
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Fact.MR opines, numerous cosmetics manufacturers are also using this plant-based compound as a raw material for making various personal care and cosmetic products. It is set to find usage in anti-aging and anti-acne cosmetics.
Besides, the nutraceutical industry is expected to be a major consumer of this compound for processing nutraceutical drugs. These drugs help in delaying the aging process, supporting the overall body function, and preventing chronic diseases.
"Increasing demand for personal care products across the globe is expected to propel the demand for phytoestrogen in the near future. Apart from that, this compound is likely to be utilized in the healthcare sector for its various beneficial properties. This is expected to bode well for the growth in the market," states a Fact.MR analyst.
Key Takeaways:

Based on type, the iso-flavone segment is expected to remain dominant in the global phytoestrogen market.
The coumeston segment is likely to hold 1/3 rd of the market share in the near future.
In terms of application, the cosmetics segment is expected to grow at a steady pace favored by the antioxidant properties of phytoestrogen.
The pharmaceutical segment is likely to flourish in the upcoming years owing to higher usage of phytoestrogen in rheumatological drugs.
The U.K. is expected to dominate the Europe market as it is considered to be the largest consumer of phytoestrogen-based product.
North America is set to hold around 1/5 th of the market stoked by increasing consumption of nutritional products in the U.S.
Japan and India are anticipated to grow at a rapid pace across East and South Asia market in the forthcoming years.

Growth Drivers:

Emergence of various e-commerce platforms providing huge discounts on... View original post