Lecithin Market 2018 Industry report presents a detailed analysis of the industry by Share, size, growth rate, Trends, Demand, key players, regions, product types & applications, the report also evaluates key factors that affected market growth and with the help of previous figures this report elaborates current scenario and forecast of Lecithin industry.
Lecithin is substance derived from vegetable and animal sources that include eggs, oranges, cauliflower, peanuts, and beef liver. A commercial source of lecithin is from egg yolk, soybeans, and brain tissues. Lecithin offers unique characteristics such as viscosity modifier, dispersant, and emulsifier, which make them suitable for usage in numerous end-use application such as food, animal feed, pharmaceuticals & personal care, nutrition & supplements, and others.
As per our analysis, some of the important market factors and trends identified in the global lecithin market are increasing middle-class population, rising awareness among consumers, continuous growth of the pharmaceutical sector.
Moreover, rising per capita disposable income along with increased spending on processed and convenience food is estimated to drive the growth of the market. Lecithin lowers the triglycerides and serum cholesterol while increases HDL levels in the blood, therefore it has gained prominence in the manufacturing of medicine. Changing lifestyle along with the rise in customer spending on personal care in emerging economies across the globe is estimated to drive the growth of the market.
Growing awareness regarding the positive aspect of lecithin along with the continuous growth of the pharmaceutical sector is predicted to propel the growth of the market. Moreover, it is used as emulsifiers in the preparation of confectionary products, baked goods, dairy products, canned foods, snack food, and instant food. Rising number of working professionals in the developing countries along with increasing consumption of packaged foods is estimated to drive the demand for lecithin in the global market. Growing income along with the rise in demand for nutrition & supplements and convenience foods has resulted in the growth of lecithin in the global market. However, fluctuating cost of raw material affects the lecithin derived products which might hamper the market growth. Moreover, religious aspects regarding the consumption of non-vegetarian might affect the market growth.
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Lecithin Market Key Players:
Some of the prominent players operating in the global lecithin market are Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), American Lecithin Company (U.S.), Lipoid GmbH (Germany), DuPont (U.S.), Bunge Limited (U.S.), Stern-Wywiol Gruppe GmbH & Co. Kg (Germany), Avanti Lipids Polar, Inc. (U.S.), Lasenor Emul S.L. (Spain), Lecico GmbH (Germany), Vav Life Sciences Private Limited (India) among others.
Lecithin Market Segmentation:
The global lecithin market is categorized on the basis of source, application, and region. On the basis of the source, the market is categorized into a sunflower, soya bean, egg, and others. Others source include rice and maize. On the basis of the application, lecithin market is further classified into pharmaceuticals, food, animal feed, nutrition & supplements, and others. On the basis of the region, the market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
The global lecithin market is spanned across five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Europe emerged as the leading market and is estimated to grow at a moderate CAGR over the assessment period, 2017-2023, on account of the expansion of various end-use industries such as pharmaceutical, food, and animal feed among others. European countries such as Germany, UK, Italy, Russia, and France have emerged as the major contributors in the regional lecithin market growth and is predicted to continue their dominance over the assessment period due to the wide utilization of lecithin in nutrition & supplement and food applications. The North American market is expected to witness an average growth on account of increasing awareness regarding the benefits associated with this along with increasing disposable income is predicted to boost the regional market growth. The U.S and Canada are among the major contributors to the regional market owing to robust demand from the pharmaceutical sector. Moreover, the presence of major food companies in this region is estimated to propel the regional growth.
Latin American countries such as Mexico, Brazil, Peru, Argentina, and Guatemala are estimated to register above-average growth on account of growing demand for lecithin among the consumer along with rising soybean and sunflower cultivation. The Middle Eastern and African countries such as Turkey, Qatar, Oman, Saudi Arabia, and the United Arab Emirates (UAE) are estimated to witness strong demand due to burgeoning demand from the pharmaceutical sector. The market in the Asia Pacific is estimated to register the highest growth due to the expansion of various end-use industries. The demand for lecithin is predicted to surge in numerous countries such as India, South Korea, Japan, Malaysia, Bangladesh, China, and Taiwan due to rising consumer base along with favorable government regulations. Moreover, rising consumption of bakery products, the presence of inexpensive raw material, labor & land, and soberly stringent regulatory framework are some other factors for the regional growth of the lecithin market during the forecast period
Targeted Audience of Lecithin Market:
- Lecithin manufacturers
- Traders and Distributors of lecithin
- Production Process Industries
- Potential Investors
- Raw Material Suppliers