According to a new market research report published by sheer analytics and insights, “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”, as per the latest market research report titled Global Lignans Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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. Advancements in technology and innovations to extract lignans have encouraged manufacturers to produce novel product solutions that will cater to the wide range of food and beverage and pharmaceutical applications. Hence these are the main factors that will help the market to grow during the forecasted period.
Geographically, The Global Lignans Market is divided into global regions like North America, Europe, Asia- Pacific, South America, Middle East, and Africa.
The primary key players in 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