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The Global Lignans Market Size is valued at USD 442.11 Million in 2023 and is predicted to reach USD 818.75 Million by the year 2031 at an 8.18% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The cosmetic and personal care industry's interest in natural and functional ingredients, given their antioxidant properties, provides an avenue for incorporating lignans into skincare and beauty products.
- The increasing popularity of functional foods and nutraceuticals has driven the incorporation of lignans into products like flaxseed supplements, contributing to the growth of the lignans market.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- Despite the increasing awareness of health benefits, the general population may still need more knowledge about lignans and their specific advantages. This lack of awareness could restrain market growth.
Phenylpropanoid dimers called lignans are made up of two phenyl propane units joined by their C8 central carbons. These compounds are widely distributed throughout plants and are typically found in the stem, bark, root, fruits, and seed sections. Sesame, flax, pumpkin, sunflower, wheat, corn, broccoli, strawberries, and peas are the main sources of lignans.
The increased use of cereal-based goods including muesli, oatmeal, raisin bran, and compressed puffed rice is the main reason driving the growth of the lignans industry. The growing use of lignans to add antioxidant and oestrogen properties to foods like energy bars, cereals, whole-grain bread, crackers, semolina pasta, vegetarian dinners, and other snack foods is the main reason fueling demand for lignans. In addition, the market for lignans is expected to have increased demand due to rising health concerns, a growing animal feed business, and a robust pharmaceutical sector.
The market for lignans is also expanding as a result of factors such as increased disposable income, technological advancements, shifting demographics and lifestyles, and several encouraging research findings. A potential obstacle to the growth of the lignans market is the lack of consumer product awareness. On the other hand, the regulations and taxes on lignan production imposed by various governments in various regions are expected to act as a restraint.
Competitive Landscape:
Some major key players in the lignans market are:
- BioGin Biochemicals Co. Ltd.
- Hunan Nutramax Inc.
- Naturalin Bio-Resources Co. Ltd
- Shaanxi Zebrago Industrial Co. Limited
- Xian Lyphar Biotech Co. Ltd.
- Kingherbs Hanzhong Penghong Tianyi Biotech Co. Ltd.
- Hebei Xinqidian Biotechnology Co. Ltd
- Skuny Bioscience Co. Ltd.
- TSKG Products LLC
- Ipsen
- Meiherb Biotech Co. Ltd.
- Ningbo United Plant Technology Co. Ltd.
- Zebrago Herb
- Caldic Canada Inc.
- Archer Daniels Midland Company
- Kingherbs Limited
Market Segmentation:
The lignans market is segmented on the source, application and distribution channel. Based on source, the market is segmented into oilseeds, cereals, plant resins, fruits and others. Based on application, lignans market is segmented into food, cosmetic, pharmaceutical, animal feed and others. Based on distibution channel, lignans market is segmented into offline and online.
Based On Source, The Cereals Segment Is Accounted As A Major Contributor To The Lignans Market
The cereals category grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. Lignans obtained from cereals and whole grains, such as rye, barley, wheat, corn, and oats, exhibit anti-inflammatory, antioxidant, and hormone-mimicking properties in people following fermentative conversion, as well as after as a native compound in the colon. The expansion of the cereals- and grains-based lignans is projected to be aided by the rising usage of natural components in cosmetics and toiletry products.
The Food Segment Witnessed Growth At A Rapid Rate
The food category is anticipated to grow at a significant rate over the forecast period ascribed to the expanding fashion industry globally. Functional foods have a significant role in preventive healthcare by lowering the risk of diseases by boosting the immune system. The market is projected to be driven by consumers' shifting preferences for preventative healthcare as a result of increased disposable income levels.
The Asia Pacific Lignans Market Hold A Significant Revenue Share In The Region
The Asia Pacific lignans market is expected to register the highest market share in revenue in the near future. The two main elements promoting industry growth in the area are new product developments and fortification requirements from the government. Consumption of functional food items has increased as a result of a growing preference for foods that are not only nutrient-dense but also have the potential to enhance general health and wellbeing. In addition, the North America is projected to grow at a rapid rate in the global lignans market. The region's functional food industry has expanded quickly as a result of the rising working-class population in North America. People in the area mainly eat functional meals to manage their weight. Market expansion has been aided by increased investments from major multinational corporations in North America and the launch of new products to satisfy escalating demand.
Lignans Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 442.11 Mn |
|
Revenue forecast in 2031 |
USD 818.75 Mn |
|
Growth rate CAGR |
CAGR of 8.18% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Source, Application And Distribution Channel |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
BioGin Biochemicals Co. Ltd., Hunan Nutramax Inc., Naturalin Bio-Resources Co. Ltd, Shaanxi Zebrago Industrial Co. Limited, Xian Lyphar Biotech Co. Ltd., Kingherbs Hanzhong Penghong Tianyi Biotech Co. Ltd., Hebei Xinqidian Biotechnology Co. Ltd, Skuny Bioscience Co. Ltd., TSKG Products LLC, Ipsen, Meiherb Biotech Co. Ltd., Ningbo United Plant Technology Co. Ltd., Zebrago Herb, Caldic Canada Inc., Archer Daniels Midland Company, and Kingherbs Limited. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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