Market Definition
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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Competitive analysis
The major players operating in the 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.
Regional Analysis
Europe is estimated to be the largest market for lecithin followed by North America and Asia Pacific due to rising demand from numerous end-use industries such as cosmetics, pharmaceutical & personal care, and agriculture among others. Asia Pacific lecithin market is estimated to witness a strong growth owing to the continuous growth of various end-use applications. In Asia Pacific, some of the prominent factors which contribute to the regional market growth are increasing economic growth rate, competitive manufacturing costs, and ease of availability of raw material. North America is estimated to witness a steady growth over the forecast period on account of increasing demand from the nutrition & supplements application. Developing countries of Latin America and the Middle East and Africa is predicted to witness moderate growth due to increasing end use application.
Market Segmentation:
The global lecithin market is segmented on the basis of source, application, and region. On the basis of source, the market is categorized into sunflower, soya bean, egg, and others. Others source include rice and maize. Among these, soya bean accounted for the largest market share in 2016 and holds for around 45% market share due to the wide utilization of these in the production of lecithin. Moreover, increasing demand for sunflower, rice, egg yolks, and various food used to manufacture lecithin is anticipated to enhance the demand for pharmaceutical further which is likely to propel the growth on the market. On the basis of application, lecithin market is further segmented into pharmaceuticals & personal care, food, animal feed, nutrition & supplements, and others. Pharmaceuticals & personal care segment is estimated to grow with the healthy CAGR due to increasing awareness regarding the lecithin along with the wide use of personal care products in the developing countries.
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Geographical Analysis
The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Intended Audience
- Lecithin manufacturers
- Traders and Distributors of lecithin
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
LIST OF TABLES
Table 1 World Population By Major Regions (2016 To 2023)
Table 2 Global Lecithin Market: By Region, 2016-2023
Table 3 North America Lecithin Market: By Country, 2016-2023
Table 4 Europe Lecithin Market: By Country, 2016-2023
Table 5 Asia-Pacific Lecithin Market: By Country, 2016-2023
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