The global Lignans market size is expected to be worth around US$ 593.3 million by 2027, according to a new report by Vision Research Reports.
The global Lignans market size was valued at US$ 351.5 million in 2019 and is anticipated to grow at a CAGR of 6.7% during forecast period 2020 to 2027.
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Factors such as a growing preference for herbal products over synthetic drugs, and an upward trend in the overall functional food & beverage industry, are expected to drive the market growth. Lignans are phytoestrogens with anti-oxidant and estrogenic activities and comprise of 2-phenyl propane units. Technological advancements and innovations in the lignans extraction process are encouraging manufacturers to produce novel product solutions catering to a wide range of food & beverage and pharmaceutical applications. This factor is anticipated to positively influence product demand in the global market.
The demand for lignans is projected to be driven by the rising awareness about the benefits of consuming a healthy diet and growing incidences of lifestyle diseases, such as diabetes, high blood pressure & cholesterol levels, and obesity. Commercially, lignans are extracted from sesame, flax, & pumpkin seeds, corn, wheat, pea, strawberry, and broccoli.
Key PlayersKingherbs Naturalin Bio-Resources Co., Ltd. BioGin Biochemicals Co. Ltd. TSKG Products, LLC Shaanxi Zebrago Industrial Co., Ltd. Prairie Tide Diversified, Inc. FarmaSino Pharmaceuticals (Jiangsu) Co., Ltd. Xi’an Sinuotebio Tech Co. Ltd. SPI Pharma Hebei Xinqidian Biotechnology Co., Ltd. Plamed Green Science Group
Lignans Source OutlookOilseeds Cereals & Grains Plant Resins
Lignans Application OutlookFood & Beverages Functional Foods Functional Beverages Dietary Supplements Others Cosmetics & Toiletries Haircare Skincare Toiletries Others Pharmaceuticals Animal Nutrition Others
Lignans Regional OutlookNorth America U.S. Canada Mexico Europe U.K. Germany France Italy The Netherlands Asia Pacific China India Japan Australia & New Zealand Central & South America Brazil Argentina Middle East & Africa UAE
In this study, the years considered to estimate the market size of Lignans are as follows:Historic Year: 2016-2019 Base Year: 2020 Forecast Year 2020 to 2027
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
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– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
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The study objectives of this report are:To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027); Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future. Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players To define, describe and forecast the market by type, application and region. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. To identify significant trends and factors driving or inhibiting the market growth. To analyze the opportunities in the market for stakeholders by identifying the high growth segments. To strategically analyze each submarket with respect to individual growth trend and their contribution to the market To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market To strategically profile the key players and comprehensively analyze their growth strategies.
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