The global lignans market size is expected to reach USD 610.4 million by 2028 according to a new study by Polaris Market Research. The report “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 (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market in the developed countries is anticipated to account for the expansion of preventive healthcare, along with a strong focus on government in improving health standards of the individual. Lignans are recognized as Generally Recognized as Safe (GRAS) products in the U.S. to be used in the food & beverage industry.
Lignans are the micronutrients that are obtained from bark, root, stem, fruit, and seeds, which exhibit anti-viral, anti-fungal, and anti-bacterial properties. Lignans offer numerous health benefits and help in the prevention of neurodegenerative diseases, cancer, diabetes, skin disorders, and cardiovascular diseases.
Lignans-based animal feeds offer pre-biotic effects, thereby, reducing the growth of pathogenic bacteria, maintaining intestinal micro-flora, and intestinal immunity. Lignans also assist in regulating the optimum health of animals, thereby, inducing the market demand for lignans.
However, functional foods as a substitute cannot replace the benefits of the whole plant. Moreover, a diet based on whole plants is considered healthier than functional foods, which is expected to boost the market demand for lignans in the coming years.
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In 2020, the North America market accounted for over 20% share of the global market for lignans with the U.S. being the leading shareholder. Rising investments by the key players in the industry, and the introduction of novel products are significantly boosting the region’s market growth for lignans. In the U.S. there is a significant rise in the obese population, coupled with innovative campaigns to raise awareness also boosted the region’s market growth prospects in lignans industry.
Companies operating in the market for lignans 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.
Polaris Market Research has segmented the lignans market report on the basis of source, application, and region:
Lignans, Source Outlook (Revenue - USD Million, 2016 - 2028)
Lignans, Application Outlook (Revenue - USD Million, 2016 - 2028)
Lignans, by Regional Outlook (Revenue - USD Million, 2016 - 2028)