Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Lentinan Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 3.7% during the review period (2022 to 2027).
Lentinan Market Overview
The global Lentinan market size is expected to gain market growth in the forecast period of 2022 to 2027, with a CAGR of 3.7% in the forecast period of 2022 to 2027 and will expected to reach USD 11 million by 2027, from USD 10 million in 2017.
As an intravenous biological response modifier, lentinan features potent antitumor effects, remarkably prolonged life, improved life quality and mild side effects. First developed by Japan, lentinan was approved to enter China in 1988. Although the practical use has confirmed lentinan’s efficacy, its market size has been limited due to its high price. After entering the 21st century, lentinan has become able to be produced domestically at a relatively low price. Therefore, its market size grows at an increasing rate. Now, China is the dominate producer of lentinan, the production is 84528 Kg in 2015, according for about 67.85% of the total amount, followed by Japan, with the production market share of 15.72%. China also has the highest production growth rate of 6.00% from 2011 to 2015. Even though a huge space for growth in the Chinese market exists, the quality and technology should further improve.
Industry Updates:
- March 30, 2016, Eisai Co., Ltd. And Ajinomoto Co., Inc. Announce Establishment Of
- Gastrointestinal Specialty Pharma Ea Pharma Co., Ltd.Through The Integration Of Eisai’s Gastrointestinal Disease Business And Ajinomoto Pharmaceuticals Co., Ltd.
What are the major Applications, Types and Regions for Lentinan Market?
Lentinan Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
- Food Grade
- Pharmaceutical Grade
- Others
Market Volume (%) By Applications it is segmented into
- Food additive
- Health product field
- Anti-cancer drug
- Other
Lentinan Market Regional Analysis
Lentinan, one of the most widely used growth promoters in China, is a microbial, sucrose type polysaccharide that is produced by Trichoderma lignorum. It has been used in food animal diets since 1986 in Asia. Its production was initially based on fermentation of starch, sucrose or molasses but has since been replaced by fermentation of wheat bran and corn steep liquor.
All these factors greatly affect the Lentinan market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Lentinan Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Lentinan Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Lentinan Market report scope?
The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2012-2027.
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR (Value and Volume)
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CAGR of 3.7% during the review period (2022 to 2027).
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)
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- Food Grade
- Pharmaceutical Grade
- Others
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)
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- Food additive
- Health product field
- Anti-cancer drug
- Others
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Quantitative units
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Revenue in USD million/billion and CAGR from 2022 to 2027
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By Companies
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Ajinomoto, Elicityl, Nammex, Panjin Gerun Biotech, Golden Horizon Biologics, Acetar Bio-Tech, Johncan Mushroom Bio-technology, Xi'an Changyue Phychemistry, Xi'an Yuansun Biological
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Customization Available
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Yes, the report can be customized as per your needs
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Key Highlights from this Lentinan Report
- A comprehensive backdrop analysis, which contains an assessment of the parent market
- Essential changes in market dynamics.
- Market segmentation up to the second or third level.
- Historical, current, and projected size of the market from the standpoint of both value and volume.
- Reporting and evaluation of recent industry developments.
- Market shares and strategies of major players.
- Emerging niche segments and regional markets.
- An objective assessment of the trajectory of the market.
- Recommendations to companies for strengthening their foothold in the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Lentinan Market is studied from 2017 - 2027.
What is the growth rate of Lentinan Market?
The Lentinan Market is growing at a CAGR of 3.7% over the next 5 years.
Who are the key players in Lentinan Market?
Ajinomoto, Elicityl, Nammex, Panjin Gerun Biotech, Golden Horizon Biologics, Acetar Bio-Tech, Johncan Mushroom Bio-technology, Xi'an Changyue Phychemistry, Xi'an Yuansun Biological
What region does this Lentinan Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Lentinan Market?
Food Grade, Pharmaceutical Grade, Others
What are the major end-use applications of Lentinan Market?
Food additive, Health product field, Anti-cancer drug, Others.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
