Lignans Market Share, Size, Trends, Industry Analysis Report, By Source (Oilseeds, Cereals & Grains, Plant Resins); By Application (Food & Beverages, Cosmetics & Toiletries, Pharmaceuticals, Animal Nutrition, Others); By Regions; Segment Forecast, 2021 - 2028
- Published Date:May-2021
- Pages: 108
- Format: PDF
- Report ID: PM1877
- Base Year: 2020
- Historical Data: 2016 - 2019
Report Outlook
The global lignans market was valued at USD 368.1 million in 2020 and is expected to grow at a CAGR of 6.7% during the forecast period. Key factors responsible for the market growth include growing preference towards herbal products, rising applicability in varied verticals, and the innovations in the lignans extraction process.
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Technological advancements in extraction of lignans also encouraging key players to develop new product to cater pharma and food & beverage industry. This has positively to positively influence the lignans market growth over the forecast period.
Lignans Market Report Scope
The market is primarily segmented on the basis of source, application, and geographic region.
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By Source |
By Application |
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Insight by Source
The cereals & grains market segment of lignans industry accounted for the largest revenue share, in 2020. Such a high share is since most of the lignans are derived from wheat, barley, rye, oats, and corn. It has excellent antioxidant, anti-inflammatory, and hormone-inducing effects on humans after all the fermentation process of the native compound in the colon.
Moreover, the rising consumption of natural ingredients in cosmetic and toilet products is also likely to augment the segment’s market growth in lignans industry. Lignans are widely used in several toilet products such as face wash, shower gels, soaps, and shaving creams.
The oilseeds market segment is projected to witness the highest growth rate over the assessment period. Oilseeds such as poppy, sesame, pumpkin, sunflower are the few rich sources of the lignans. The growing demand for flaxseed in dietary supplements is also anticipated to expand the segment’s market growth prospects in lignans industry.
Grounded flax seeds assist in preventing the risk factors of stroke, heart diseases, and diabetes. Moreover, the nutritional content of sesame seeds helps in medication for gallstones, diverticular disorders, and cholesterol levels. Demand for the oilseed-based products in animal and pet feed is also anticipated to account for the largest market demand in lignans industry.
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Insight by Application
In 2020, the food & beverage market segment in lignans industry accounted for the largest share. Such a high share is due to the advent of functional foods, and awareness among consumers about the nutritional benefits of the product.
Functional foods help in reducing the risk for onset of diseases via strengthening the immune system, thereby, playing a crucial impact in preventing any disease or disorder. Rising income levels and consumer’s inclination towards preventive healthcare also likely to drive the market segment forward in lignans industry.
Dietary supplements also gained popularity in several health issues and are considered to strengthen immunity in a natural way for treating gut and gastrointestinal conditions. The growing market demand for the product in dietary supplements is also anticipated to foster the segment’s growth. Growing demand for lignans in energy bars is anticipated to fuel the segment’s market growth for lignans.
Bakery manufacturers are also using flaxseed powder to enhance the folate, fiber, linolenic acid content in bread and muffins. This has positively influenced the product’s demand in the food & beverage market. Cosmetics manufacturers are incorporating lignans in the products, such as shampoos, anti-aging products, moisturizers, preventing dryness, skin softening, and people having dull complexion.
Geographic Overview
Asia Pacific lignans industry is projected to register the highest market growth rate over the assessment period. Regional factors responsible for such a high growth rate include government-mandated fortification and new product development. Moreover, the rising preference for functional foods to improve overall health also supplemented the region’s market growth for lignans.
According to the estimates of the World Health Organization (WHO), 1 in every 5 people in India suffers from at least one chronic disease, such as metabolic, respiratory, and cardiovascular. Moreover, rapid urbanization, shortage of food, and high cases of malnutrition also boosted the region’s market growth for lignans.
Competitive Insight
The prominent players operating in the lignans market include Kingherbs, Ltd., Hebei Xinqidian Biotechnology, BioGin Biochemicals, TSKG Products, LLC, Naturalin Bio-Resources Co., Shaanxi Zebrago Industrial, Prairie Tide Diversified, Inc., Xi'an Sinuotebio Tech, SPI Pharma, FarmaSino Pharmaceuticals, and Plamed Green Science Group.
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