The lignans market is set for substantial growth, anticipated to hit $676.7 million by 2032 at a 5.8% CAGR from its 2022 valuation of $428.3 million. This rise is fueled by factors such as increased consumer spending, a preference for herbal over synthetic products, and the recognized health benefits of lignans, known for their anti-inflammatory, antioxidant, and potential anticancer properties.
The lignans market was valued at over US$ 428.3 Million in 2022 and is anticipated to increase at a rate of over 5.8% CAGR from 2022 to 2032, reaching US$ 676.7 Million by that time.
Due to factors like rising consumer spending, a growing preference for herbal products over synthetic medications, and the growing recognition of lignans in the functional food and beverage industry due to their antitumor, anti-inflammatory, and antioxidant properties, the demand for lignans is expected to grow steadily throughout the forecast period.
Lignans are phytoestrogens with antioxidant and estrogenic qualities that include 2-phenyl propane units. These are a class of organic compounds with two phenyl propane units. It is thought that several lignans have biological action. They are utilised in medicine as a result.
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Over the years, lignans have become highly sought-after products in industries like food & beverages, pharmaceuticals, animal nutrition, and cosmetics. Growing production and consumption of products like functional foods, animal nutrition, cosmetics, and pharmaceuticals will therefore continue to boost the growth of lignans market during the forecast period.
In addition, lignans are in high demand due to their antiviral properties against HIV, HCV, HBV, SARS, HPV, Ebola virus, influenza virus, herpes simplex virus (HSV), vesicular stomatitis virus (VSV), and other viruses.
Key Takeaways from the Lignans Market Study:
- Based on source. the cereals segment dominated the lignans market with a share of around 3% in 2021 while as oilseeds segment is likely to grow at 6.7% CAGR during the assessment period.
- By application, food and beverages segment holds the largest revenue share in the global lignans market.
- Asia Pacific lignans market is predicted to grow at around 7% CAGR during the forecast period (2022-2032).
- The lignans market in North America is poised to grow at a steady CAGR of 5.2% between 2022 and 2032.
- With rising inclination towards lignans based food products and pharmaceuticals, demand for lignans is slated to rise at a significant pace across the U.S. during the assessment period.
“Key market players are rigorously investing in R&D to introduce new products and obtain a competitive advantage in the market. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.” said a lead analyst at FMI.
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Who is winning?
Key players operating in the global lignans market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.
Some of the leading companies offering lignans are TSKG Products, LLC, Kingherbs, Ltd., Shaanxi Zebrago Industrial, BioGin Biochemicals, FarmaSino Pharmaceuticals, Plamed Green Science Group, SPI Pharma, Xi’an Sinuotebio Tech, and others.
Get Valuable Insights into Lignans Market
FMI, in its new offering, provides an unbiased analysis of lignans presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for lignans based on the source (cereals, oilseeds, and plant resins), application (food & beverages, pharmaceuticals, animal nutrition, and cosmetics), across five major regions.
Lignans Market by Category
By Source, Lignans Market is Segmented as:
- Cereals
- Oilseeds
- Plant Resins
By Application, Lignans Market is Segmented as:
- Food & Beverages
- Pharmaceuticals
- Animal Nutrition
- Horses
- Ruminants
- Cosmetics
- Hair care
- Toiletries
- Skin Care
By Region, Lignans Market is Segmented as:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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