What is Global Daidzein Market?
The Global Daidzein Market is a specialized sector within the broader global market that focuses on the production and distribution of Daidzein, a naturally occurring compound found in soybeans. Daidzein is known for its potential health benefits, including its role in promoting heart health and potentially reducing the risk of certain types of cancer. The market for this compound is growing, driven by increasing consumer awareness of health and wellness, as well as the ongoing research and development activities in the field of nutraceuticals. However, the market is not without its challenges. The production of Daidzein requires specific conditions and resources, which can limit its availability and increase its cost. Furthermore, the potential health benefits of Daidzein are still being researched, and there is a need for more conclusive scientific evidence to support its use. Despite these challenges, the Global Daidzein Market continues to show promise, with opportunities for growth and development in the coming years.
Soybeans Source, Chemical Synthesis, Others in the Global Daidzein Market:
The Global Daidzein Market is segmented based on the source of Daidzein, which includes soybeans, chemical synthesis, and others. Soybeans are the primary source of Daidzein, due to their high Daidzein content and the established infrastructure for soybean cultivation and processing. However, the production of Daidzein through chemical synthesis is also gaining traction, as it allows for the production of Daidzein in a controlled environment, independent of agricultural conditions. Other sources of Daidzein include other legumes and certain types of fruits and vegetables. Each source has its advantages and disadvantages, and the choice of source depends on various factors such as cost, availability, and the desired purity and concentration of Daidzein.
Feed Additives, Nutraceutical & Medicine, Others in the Global Daidzein Market:
The Global Daidzein Market finds its applications in various areas such as feed additives, nutraceutical & medicine, and others. As a feed additive, Daidzein is used to enhance the nutritional value of animal feed, thereby improving animal health and productivity. In the field of nutraceuticals and medicine, Daidzein is used for its potential health benefits, including its antioxidant, anti-inflammatory, and anti-cancer properties. Other applications of Daidzein include its use in cosmetics and personal care products, due to its potential skin health benefits. The diverse applications of Daidzein contribute to the growth and dynamism of the Global Daidzein Market.
Global Daidzein Market Outlook:
The outlook for the Global Daidzein Market is positive, with the market expected to grow from a value of US$ 16 million in 2022 to US$ 18 million by 2029, at a compound annual growth rate (CAGR) of 1.6% during the forecast period 2023-2029. The market is dominated by a few key players, including ADM, Frutarom Health, Shaanxi Huike, Xi'an Desheng yuan, and Jiangxi Shun Tiancheng, with ADM leading the pack with a 29% market share. The production of Daidzein is concentrated in China, which accounts for 45% of global Daidzein production, followed by North America with a 28% share. The market dynamics are influenced by various factors, including the availability and cost of raw materials, the ongoing research and development activities, and the changing consumer preferences and lifestyle trends.
| Report Metric | Details |
| Report Name | Daidzein Market |
| Accounted market size in 2023 | US$ 16 million |
| Forecasted market size in 2030 | US$ 18 million |
| CAGR | 1.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ADM, Frutarom Health, Shaanxi Huike, Xi'an Desheng yuan, Jiangxi Shun Tiancheng, Changzhou Longterm, Shaanxi Green, N&R Industries |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
