Lignans Market Size Worth $593.4 Million By 2027 | CAGR: 6.8%: Grand View Research, Inc.

Lignans Market Size Worth $593.4 Million By 2027 | CAGR: 6.8%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Oct. 7, 2020

SAN FRANCISCO, Oct. 7, 2020 /PRNewswire/ - The global lignans market size is projected to reach USD 593.4 million by 2027 registering a CAGR of 6.8%, according to a new report by Grand View Research, Inc. The demand for lignans is projected to be driven by the rising awareness about the benefits of consuming a healthy diet and growing incidences of lifestyle diseases, such as diabetes, high blood pressure & cholesterol levels, and obesity. Commercially, lignans are extracted from sesame, flax, & pumpkin seeds, corn, wheat, pea, strawberry, and broccoli.

Grand View Research

Key suggestions from the report:

Read 145 page research report with ToC on "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'' at: https://www.grandviewresearch.com/industry-analysis/lignans-market

Growing product applications in the pharmaceutical and food industries on account of its anti-cancer, anti-viral, anti-microbial, and anti-inflammatory properties are projected to drive the market over the next few years. Lignans derived from cereals, such as corn, oats, barley, and rye, are majorly incorporated in manufacturing various food products, including macaroni, couscous, cheerios, wholegrain biscuits, and granola bars. Increasing consumption of cereal-based foods, such as oatmeal, muesli, raisin bran, and compressed puffed rice, is likely to spur the overall market growth.

Lignans are predominantly used to incorporate antioxidant and estrogen attributes to food products, such as cereals, energy bars, whole-grain bread, crackers, semolina pasta, meatless meals, and other snack foods. Lignans in the aforementioned foods are precursors of mammalian lignans and are linked with decreased risk of cancer and Cardiovascular Diseases (CVDs). This factor is anticipated to positively influence product demand in the global market. Asia Pacific is expected to account for the largest market share by 2027 due to technological developments, changing demographics and lifestyles, and favorable research studies in the region. However, North America is estimated to register the fastest CAGR from 2020 to 2027.  

Grand View Research has segmented the global lignans market based on source, application, and region:

List of Key Players of Lignans Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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