The Global Lignans Market was $367.2 Mn in 2020, and it is expected to reach $892.4 Mn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 8.7% between 2021-2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased preference for herbal products over synthetic drugs, the upward trend in the functional food and beverages industry will help to accelerate the growth of this market during the forecasted period.
Global Lignans Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Lignans Market has been segmented into the source, application. On the basis of source Global Lignans Market has been segmented into Oilseeds, Cereals & Grains, and Plant Resins. On the basis of application, Global Lignans Market has been segmented into Food & Beverages (Functional Food, Functional Beverages, Dietary Supplements, Others), Cosmetics & Toiletries (Haircare, Skincare, Toiletries, Others), Pharmaceuticals, Animal Nutrition, Others.
By Region, Asia Pacific Is Holding The Major Market Share
The Global Lignans Market has been geographically segmented into North America, Asia Pacific, South America, Middle East, and Africa region. in addition to this, Asia Pacific Global Lignans Market is holding the largest market share at present and is estimated to witness high compound annual growth rate CAGR of xx% between 2021 to 2031. Different kinds of developments in products and government-mandated fortification are the main reason that has led this region dominates the market during the forecasted period. besides this North America is also going to witness remarkable growth during the forecasted period.
Major Players in Global Lignans Market
Some of the major 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, Hangzhou Excelente, Hunan NutraMax, Skuny Bioscience, Neimenggu Wonderful.
The Global Lignans Market Has Been Segmented Into:
Global Lignans Market, By Source
Global Lignans Market, By Application
Global Lignans Market, By Region