Lecithin is a type of substance that comes from many commercial sources, such as egg yolks, soybeans, sunflowers, etc. Lecithin has applications in various industries, including the food, pharmaceutical, and cosmetics. Lecithin is generally used due to its unique characteristics, such as the softening of food textures, the dissolution of powders, the resistance of the sticky material, the homogenization of mixtures in a liquid, as well as its use as an emulsifier and stabilizer.
Global Lecithin Market Size and Growth Rate:
According to our recent report, the Global Lecithin Market estimated to grow at a rate of 5.2% during 2018 to 2023 to reach USD XX Billion by the end of forecast timespan.
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Global Lecithin Market – Drivers and restraints:
The growing preference for low-fat foods and the demand for ready-to-eat and packaged foods in the market in several countries are factors that drive growth in the global lecithin market during the foreseen period. The growing demand for natural products in Asia-Pacific offers a series of opportunities to the various players in the global market. The growing demand for personal care and cosmetic products based on natural ingredients should also lead to a significant increase in sales of the ingredients used in these products. Due to the growing popularity of lecithin and the growing awareness of its benefits, it is expected that the global market will generate solid growth rate during the forecast period. Due to recent concerns about GMOs (genetically modified organisms) and increased awareness of food allergies, products without GMOs are expected to grow significantly, generating a strong demand for products with lecithin.
The presence of a significantly large number of players in the market creates intense competition. Lecithin is extracted from soy, sunflower, canola, rapeseed, eggs and, sometimes, shrimp. The percentage of lecithin in all raw materials is much lower; with a range of 0.3 to 1.0%, which requires rigorous processing and high volumes of raw material, resulting in high processing costs. These are some of the restrictions that affect the global market for lecithin.
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Global Lecithin Market – Geographical segmentation:
The markets in North America, APAC and Europe are expected to contribute significantly to the overall growth of revenues in the global lecithin market. The growing demand for natural foods is increasing worldwide, as consumers opt for more nutritious food products, which boosts the growth of the global lecithin market. Among the regions, North America represented a significant part of sales with 35.6% in 2016, followed by Europe. The North American market is expected to experience the greatest growth in value during the forecast period, followed by Europe and the Asia-Pacific region. Sales of soy lecithin products in North America and APAC together accounted for more than 59.4% of the world lecithin market revenue at the end of 2016. Among the main markets for the type of lecithin source, it is expected that the Soybean and sunflower segments recorded significant growth rates during the forecast period.
Companies leading the Global Lecithin Market are:
Some of the major players which are operating the business in lecithin market are Archer Daniels Midland Company, Sodrugestvo Group of Companies, Cargill Incorporated, Thew Arnott Group, American Lecithin Company, Swanson Health Products, NOW Foods, Lipoid GmbH, Lucas Meyer GMBH, DuPont and Bunge Limited.
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Global Liquid Soy Lecithin Market – https://www.researchcosmos.com/reports/global-liquid-soy-lecithin-market-research-report-2018/61615164
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