Phytoestrogen Supplements Market Size, Share, Growth Analysis, By Type(Flavonoids, Daidzen), By Source(Nuts & Oilseeds, Soy Products), By Application(Food & Beverages, Nutraceuticals), By End User(Hospitals, Clinics) - Industry Forecast 2024-2031

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).

Growing demand for hormone replacement therapy around the world is projected to uplift the sales of phytoestrogen supplements over the coming years. Phytoestrogen compounds are found naturally in different plant sources and they are used to address issues associated with oestrogen production in women. The expanding female aging population reaching menopause is also estimated to be a key factor that is slated to boost phytoestrogen supplements market growth going forward. Surging focus on women’s health and increasing awareness regarding menopause and postmenopausal symptoms are also contributing to rising phytoestrogen supplement demand across the world. Phytoestrogen supplements are used as a potent medication to treat the issue of hot flashes among women during the perimenopausal stage.

High demand for functional foods, growing focus on health and fitness, rising awareness regarding the benefits of phytoestrogen, and growing consumption of dietary supplements and nutraceuticals are other factors that could offer new opportunities for phytoestrogen supplement suppliers in the future. The rising use of phytoestrogen supplements in the treatment of osteoporosis in women is also a prospect that could bolster market development across the forecast period.