Press Release

Lignans Market to Reach USD 811.8 Million by 2032, Growing at a 7.1% CAGR

Date : Feb 23, 2023

Lignans Market Analysis:

Flaxseed, whole grain cereals, berries, vegetables, and fruits are high in plant lignans, which have been linked to health benefits. While most study has concentrated on lignans in flaxseed (Linum usitatissimum), hundreds of unique lignans have been found from a variety of plant sources. These lignans are produced by the shikimic acid biosynthetic route, resulting in 1,4-diarylbutan compounds. Initially, in the 1970s, it was commonly assumed that lignans were created solely by plants. However, recent investigations have found lignans in a variety of sources other than plants. This newfound understanding has raised people's interest in and consumption of lignan-rich foods across the world. As individuals become more aware of the health advantages of lignans, they include them into their diets. As a result, demand for lignan-rich goods is increasing, indicating a global trend towards healthier eating practices. This change emphasizes the significance of researching multiple sources of beneficial chemicals such as lignans.

Key Points and Statistics on the Lignans Market:

·         The global Lignans market is expected to reach USD 811.8 Million by 2032, growing at a CAGR of around 7.1% from 2023 to 2032

·         The market value in 2022 was around USD 410.8 Million.

·         The market is segmented into source, application, distribution channel, and regional segments

·         Asia-Pacific is expected to be the largest revenue generating region through 2032

·         Food and drinks are predicted to be the market's dominant application category

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Major Drivers of Growth for Lignans Market

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.

Main Challenges Facing the Lignans Market

The lignans market confronts a number of issues that will have an influence on its growth and stability. One key difficulty is the public's lack of knowledge and comprehension of lignans and their health advantages. Despite growing evidence supporting the beneficial benefits of lignans on health, many consumers remain unfamiliar with these chemicals, resulting in lesser demand for lignan-rich goods. Furthermore, lignan extraction and production can be expensive and difficult, offering scalability and cost-effectiveness problems for producers. Ensuring effective extraction processes while preserving product quality is an ongoing problem for industry operators.

Furthermore, legal restraints and discrepancies in labeling standards between regions might stymie market growth. Variations in rules governing health claims and labeling requirements create entry hurdles and impede the creation of a coherent global market for lignan-containing goods. Furthermore, competition from alternative health supplements and functional meals exacerbates market dynamics. Lignans face stiff competition from a profusion of other nutritional supplements and health-promoting substances, making differentiation and market presence difficult.

Latest Lignans Market Trends and Innovations

The newest developments and advances in the lignans industry indicate a significant movement towards sustainable sourcing and production methods. Consumers are increasingly looking for eco-friendly products, which has prompted producers to look for renewable and ecologically responsible lignans. This involves initiatives to improve extraction procedures and reduce waste and energy usage. Furthermore, there is considerable interest in innovative lignan usage outside of standard dietary supplements. Food and beverage formulations, cosmetics items, and medicines are taking use of lignans' health-promoting characteristics to meet a wide range of consumer requirements. Furthermore, advances in research are revealing new health advantages and uses for lignans, fueling market growth. From immunological support to cardiovascular health and beyond, lignans' adaptability is being investigated in a variety of therapeutic fields, fostering innovation and product development.

Lignans Market Segmentation:

Based on Source:

·         Oilseed

·         Plant Resins

·         Cereals and Grains

·         Others

Based on Application:

·         Cosmetics & Toiletries

o   Haircare

o   Skincare

o   Toiletries

o   Others

·         Food and Beverages

o   Functional Food

o   Functional Beverages

o   Dietary Supplements

o   Others

·         Pharmaceuticals

·         Animal Nutrition

Based on Distribution Channel:

·         Offline

·         Online

Based on Region:

·         North America

·         Europe

·         Asia-Pacific

·         Latin America

·         The Middle East & Africa

Lignans Market Regional Overview:

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.

Lignans Market Companies:

Prominent players in the industry 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., and Shaanxi Zebrago Industrial Co. Ltd.

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