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Global Lignans Market Size, Trends & Analysis with COVID-19 Impact - Forecasts To 2026 By Source (Oilseeds, Cereals & Grains, Plant Resins), By Application (Food & Beverages, Cosmetics & Toiletries, Pharmaceuticals, Animal Nutrition, Others), By Region (North America, Europe, Asia Pacific, MEA, and CSA); and Company Market Share Analysis & Competitor Analysis
Lignans Market: Insights
The global lignans market will be driven at a high CAGR between the forecast period from 2020 to 2026. Phenylpropanoid dimers composed of two units of phenyl propane bound by their central C8 carbons are lignans. Secoisolariciresinol diglucoside is the largest concentration of dietary lignans present in flaxseed. Functional foods such as Sesame seeds, pumpkin seeds, sunflower seeds, and, flax seeds, and broccoli are primarily derived from lignans. The growing consumer preferences for bio-based products over conventional products due to the threats presented by synthetic substances are some of the key factors anticipated to drive growth in the lignans market. Moreover, the growing awareness of global cancer prevention efforts to reduce disease-induced mortality and increasing demand for lignans for the treatment of cancer are some of the significant factors propelling market growth. Some of the key factors driving the growth of the market are the increasing advancements in technology and innovations in the method of extraction of lignans that allow producers to create high quality and innovative products. However, lack of awareness of the product and regulatory scenario by the government are some of the factors that are likely to impede demand development during the forecast period.
Lignans Market: By Source
Based on the analysis of the source, this market can be segregated into three segments namely, oilseeds, cereals & grains, and plant resins. Cereals & grains will be the fastest-growing segment of all the different source types between the forecast period (2020-2026). This is due to the development of beneficial features results in protection from heart disease, weight control, and bowel health development. This kind of product is primarily integrated, in foods such as pizza, semolina pasta, cheerios, muesli, oatmeal, and raisin bran, among others. This is a result of increasing public awareness of maintaining a healthy diet regularly which increases the demand for the product.
Lignans Market: By Application
Based on the application, the market is fragmented into animal nutrition, food & beverages, pharmaceuticals, and cosmetics & toiletries, among others. The food & beverage segment is analyzed to be the largest market shareholder during the forecast period 2020 to 2026. In nutritional foods, lignans are commonly used to decrease the risk of cardiovascular disorders, diabetes, and cancer. Increased demand for lignans-based dietary supplements would push the market for lignans. The rising number of health-conscious people who prefer to use flaxseed powder in items such as bread and muffins to increase the amount of linolenic acid, fiber, and folate, is expected to propel the segmental growth over the forecast period.
Lignans Market: By Region
The North America region over the projected period is the largest revenue supporter in the market. Some of the factors driving the market growth are the increasing cases of obese patients in the United States and rising investments from the big companies for the launch of new. Furthermore, Asia-Pacific is anticipated to be the fastest-growing area with a strong CAGR during the projected timeframe, owing to the growing changes in consumer preferences for food items and the improvement in product developments that are expected to drive market growth in the APAC region.
Lignans Market Share & Competitor Analysis
The companies involved in developing lignans include FarmaSino Pharmaceuticals, BioGin Biochemicals Co. Ltd., Kingherbs, Naturalin Bio-Resources Co., Ltd., Shaanxi Zebrago Industrial Co., Ltd., Plamed Green Science Group, Prairie Tide Diversified, Inc., Xi'an Sinuotebio Tech Co. Ltd., TSKG Products, LLC, SPI Pharma, and Hebei Xinqidian Biotechnology Co., Ltd., among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Lignans Market Report
Lignans Market: By Source
Lignans Market: By Application
Lignans Market: By Region
The Lignans Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Lignans Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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