May 19, 2020
According to the research report titled ‘Lignans Market Size By Source, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global lignans market is expected to grow substantially by the year 2026.
Lignans are phytonutrients which comprise of insoluble and soluble fibers. The product helps in strengthening the immune system and contain antioxidants.
Growing inclination towards maintaining healthy diet coupled with increasing awareness pertaining to health benefits of lignans are major factors driving the market growth. The product is ideal for balancing hormone levels in the body. For instance, lignans help in balancing testosterone and DHT as well as prevents the conversion of testosterone to DHT. This also helps in improving prostate health in men. Among women, lignans help in balancing the estrogen levels. Moreover, it inhibits HSD enzyme in humans as well as in animals, which further aids in minimizing the cortisol levels in the body.
As per source type, plant resins segment accounted for 8% market share in 2019 and is anticipated to witness continuous growth in the forthcoming years.
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Citing the pharmaceutical application, estrogen related health diseases segment is poised to expand with a CAGR of 5% during 2020-2026. On the other hand, cardiovascular disease segment held 55% share of pharmaceutical application in 2019 and is expected to record consistent growth in the subsequent years. Plant lignans such as seeds, vegetables, whole grains and nuts are nutrient rich foods and help in reducing the risk of cardiovascular diseases.
Further elaborating on the application landscape, hair care segment held 28% share of cosmetics application in 2019, as high amount of lignans in body reduces hair loss. Alternatively, skin care segment is expected to grow with a CAGR of 4% through 2026. Lignans such as flax seeds are good for maintaining healthy skin.
Meanwhile, ruminants segment accounted for 47% share of animal feed applications in 2019 and is anticipated to showcase robust growth in the forthcoming years.
Citing the regional scope, North America held 20% share in global lignans market in 2019, whereas Latin America lignans market is predicted to grow with a CAGR of 3.5% between 2020 and 2026. Increasing consumption of flax seeds is stimulating the industry outlook in LATAM.
Hangzhou Excelente, Shaanxi Sinuote, FarmaSino Pharmaceuticals, Kingherbs Ltd., Prairie Tide Diversified Inc., Shaanxi Zebrago Industrial, TSKG, BioGin and Natural Ingredient Bio-Resources are the key players in global lignans market.