Global Lignans Market Surpass US$ 600Mn by 2028 | CAGR 7%
The global lignans market, according to Ameco Research, will grow at a CAGR of more than 7% throughout the forecast period, approaching a market value of larger than US$ 600 million by 2028.
Flaxseed, whole grain cereals, berries, vegetables, and fruits are all good sources of plant lignans. Hundreds of individual lignans have been found, although the majority of study has been on flaxseed (Linumusitatissimum). The shikimic acid biosynthetic route produces lignans, which are 1,4-diarylbutan compounds. In the 1970s, it was widely assumed that lignans could only be made in plants, while today they are found from many sources. Individuals are increasing their dietary consumption of lignan-rich food products as they become more aware of their health benefits, which is favorably influencing their demand around the world.
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The lignans market expands with the growing awareness regarding healthy and organic food products
Lignans are in high demand due to the rising demand for functional foods and the increased use of nutraceuticals in developed countries. One of the primary factors driving the worldwide lignans market growth is the rise in chronic and lifestyle-related disorders, which coincides with a significant move towards herbal medications. The global lignans market is also being driven by increased investment in R&D, increased awareness about health, physicochemical properties of lignans, production of fortified food products, utilization of flax hulls, advancements in food processing technology, increased utilization of lignans in pharmaceuticals, and an increase in people’s disposable income. However, fluctuation in raw material prices may act as a hindrance to market growth. On the other hand, advances in lignan extraction technology are also motivating important firms to develop new products for the pharmaceutical and food and beverage industries. This will have a favorable impact on the growth of the lignans market over the forecast period. Antiviral, anti-cancer, anti-inflammatory, anti-microbial, anti-oxidant, hepatoprotective, immunosuppressive, and osteoporosis prevention are just a few of the benefits that lignans have to offer. Food, cosmetics, pharmaceuticals, and animal nutrition are just a few of the businesses that use lignans. As a result, these characteristics should help to increase product demand.
Global Lignans Market Segmentation
The global lignans market is categorized into source, application, and regions. Plant resins, oilseeds,cereals and grains, and others are all part of the source sector. Cereals have the highest proportion due to rising demand for cereal-based foods as people become more aware of the importance of eating a balanced diet on a daily basis, which should boost product demand. Animal nutrition, pharmaceuticals, food& beverages, cosmetics and toiletries are among the application segments. Cosmetic and toiletriesaccounted for a significant market share in 2020, owing to rising cosmetics demand due to increased grooming knowledge among males, as well as population purchase parity, which should help the sector develop.
North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa are the regional categorization of the global lignans market. Due to a surge in demand for cosmetic items in these nations, China, India, and Japan are leading the lignans market in the Asia-Pacific. The primary drivers propelling the market in the region are product advancements and government-mandated fortification. Increased consumption of functional food items has resulted from a rise in consumer preference for foods that are not only nutritious but also aid to promote general health and well-being. The lignans market in North America stood at second position. The lignans market in the region is being boosted by an increase in population, a change in lifestyle, and an increase in disposable income. Because of supported government initiatives and increased creative product development by manufacturers, Europe’s pharmaceutical business is growing at a quicker rate. Lignans market growth should be aided by initiatives such as the European Medicines Agency’s Priority Medicines Initiative (PRIME), which aims to improve the development of medicines for unmet medical needs.
The lignansmarket is consolidated with a big number of players. The prominent players offered in the report include SPI Pharma, Biogin Biochemicals Co. Ltd., FarmaSino Pharmaceuticals (Jiangsu) Co. Ltd., Plamed Green Science Group, KingherbsNaturalin Bio-resources co.ltd., HebieXinquidian Biotechnology co. ltd., TSKG Products, LLC, Xi’an Sinuotebio Tech Co. Ltd., Prairie Tide Diversified Inc., Shaanxi Zebrago Industrial Co. Ltd.and others.
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