Lignans Market Size, Share & Trends Analysis Report By Source (Plant Resins, Cereals & Grains), By Application (Food & Beverages, Animal Nutrition), By Region (APAC, North America), And Segment Forecasts, 2020 - 2027

Report Overview

The global lignans market size was valued at USD 351.6 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2020 to 2027. Factors such as a growing preference for herbal products over synthetic drugs, and an upward trend in the overall functional food & beverage industry, are expected to drive the market growth. Lignans are phytoestrogens with anti-oxidant and estrogenic activities and comprise 2-phenyl propane units. Technological advancements and innovations in the lignans extraction process are encouraging manufacturers to produce novel product solutions catering to a wide range of food & beverage and pharmaceutical applications. This factor is anticipated to positively influence product demand in the global market.

The market in the U.S. is projected to exhibit high growth on account of the expansion of the preventive healthcare sector in the country, together with the continual focus of the government on improving consumer health standards. In addition, the recognition of lignans as a Generally Recognized as Safe (GRAS) chemical by the U.S. Food and Drugs Administration (FDA) for use in food products, is estimated to spur the product demand in the U.S.

Lignans are micronutrients that are obtained from plant stems, roots, fruits, bark, and seed parts, and exhibit antiviral, antifungal, and antibacterial properties. Lignans-based food products offer various health benefits, such as the prevention of cancer, neurodegenerative conditions, diabetes, Cardiovascular Diseases (CVDs), and skin-related problems.

Furthermore, lignans-based animal feed products impart prebiotic effects, thereby reducing the number of pathogenic bacteria, maintaining intestinal immunity, and balancing intestinal microflora in animals. As lignans assist in regulating the optimum performance and health of animals, their demand is likely to increase over the upcoming years.

However, functional foods that are manufactured cannot duplicate all the benefits derived from a whole plant. Thus, a diet based on whole plants is healthier than a diet based on functional foods, which is expected to critically impact the overall product demand over the next eight years.

Source Insights

The cereals & grains segment led the market in 2019 and accounted for more than 47% of the global revenue share. Lignans derived from cereals & whole grains, such as rye, barley, wheat, corn, and oats, have anti-inflammatory, antioxidant, and hormone-mimicking effects in humans after fermentative conversion, as well as after as a native compound in the colon.

Rising consumption of natural ingredients in cosmetics & toiletries products is likely to augment the growth of the cereals- & grains-based lignans. Lignans are largely used in manufacturing various toiletries, such as face wash, soaps, shower gels, bath oils, and shaving creams.

Oilseeds, such as pumpkin, sunflower, poppy, and sesame, are recognized as some of the few rich sources of concentrated lignans. The growing demand for flaxseed extracts in the dietary supplements sector is projected to expand market growth. Ground flaxseed assists in reducing and preventing the risk of stroke, diabetes, and heart diseases.

Furthermore, the nutritional contents of sesame seeds help in enhancing body functionality by lowering the gallstones constipation, cholesterol level, and diverticular disorders. Demand for oilseed-based lignans in the animal feed and pet food industries is projected to witness high growth on account of the product’s sensory and nutritional qualities.

Application Insights

The food & beverage segment led the market in 2019 and accounted for more than 43.0% of the global revenue share in 2019. Functional foods help in reducing the risk of diseases by strengthening the immune system, thereby playing a crucial role in preventive healthcare. Shifting consumer inclination towards preventive healthcare on account of rising disposable income levels is likely to drive the market.

Dietary supplements have gained popularity as a go-to solution for several health issues. These supplements help strengthen immunity and act as a natural way of treating and avoiding illnesses related to gastrointestinal conditions and gut health. Growing demand for lignans-based dietary supplements is anticipated to augment the segment growth over the upcoming years.

Growing demand for lignans in manufacturing breakfast cereals and energy bars is anticipated to further fuel the food & beverage segment growth over the next few years. In addition, bakery product manufacturers are using flaxseed powder to increase the fiber, folate, and linolenic acid content in products like bread and muffins. This factor is projected to positively influence the product demand in the food & beverage segment.

Key cosmetics manufacturers are incorporating plant lignans in their products, such as shampoos, moisturizers, and anti-aging products, as they assist in treating and preventing dryness, dull complexion, rough skin, and help in softening and moisturizing the skin. This, in turn, is likely to drive the demand for lignans-based cosmetics products.

Regional Insights

In 2019, The Asia Pacific dominated the market and accounted for over 35% of the global revenue share. Product developments and government-mandated fortification are the key factors driving the industry growth in the region. Rising preference for food items that are not only nutritious but can also help improve the overall health and well-being has led to increased consumption of functional food items.

As per the World Health Organization (WHO), one in every five people in the population of over 1.33 billion in India suffers from at least one chronic disease, such as respiratory, metabolic, and cardiovascular. Rapid urbanization due to the growing working-class population in North America has boosted the growth of the functional foods sector in the region. Functional foods are primarily consumed in the region for weight management.

Growing investments from major multinationals in North America and the introduction of new products to meet rising demand have contributed to market growth. Furthermore, rising cases of obesity in the U.S. have prompted various national campaigns, public and private, to raise health awareness and promote disease prevention. This has augmented the demand for functional foods, thereby supporting market growth.

Key Companies & Market Share Insights

The global market is highly fragmented, wherein the key companies are based in Asia Pacific and North America. Most of the companies are focusing on research & development activities and on diversifying their portfolio to gain maximum share in the global market.

Furthermore, the market is outlined by a high level of backward integration between the manufacturers and raw material suppliers. Herein, the integration across the supply chain shields manufacturers from hassles associated with raw material procurement thereby helping them to operate cost-effectively. Some prominent players in the global lignans market include:

• Kingherbs

• Naturalin Bio-Resources Co., Ltd.

• BioGin Biochemicals Co. Ltd.

• TSKG Products, LLC

• Shaanxi Zebrago Industrial Co., Ltd.

• Prairie Tide Diversified, Inc.

• FarmaSino Pharmaceuticals (Jiangsu) Co., Ltd.

• Xi'an Sinuotebio Tech Co. Ltd.

• SPI Pharma

• Hebei Xinqidian Biotechnology Co., Ltd.

• Plamed Green Science Group

Lignans Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global lignans market report on the basis of source, application, and region:

• Source Outlook (Revenue, USD Million, 2016 - 2027)

  • Oilseeds

  • Cereals & Grains

  • Plant Resins

• Application Outlook (Revenue, USD Million, 2016 - 2027)

  • Food & Beverages

    • Functional Food

    • Functional Beverages

    • Dietary Supplements

    • Others

  • Cosmetics & Toiletries

    • Haircare

    • Skincare

    • Toiletries

    • Others

  • Pharmaceuticals

  • Animal Nutrition

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • The Netherlands

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia & New Zealand

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • UAE