The global Lecithin market generated USD 982 million in 2017 and is anticipated to grow at a CAGR of 5.7% during the forecast period according to a new study published by Polaris Market Research.
Lecithin is a substance made of fatty acids naturally found in the tissues of human body. Ingestion of Lecithin offers a wide range of health benefits while preventing against certain health conditions, and maintaining overall health. Intake of lecithin improves cardiovascular health, liver and cell function, fat transport and fat metabolism, reproduction and child development, physical performance and muscle function, cell communication, memory improvement, arthritis relief, and treatment for gallstones. Lecithin can be obtained from sources such as vegetable oils, primarily canola and soybean oils, flaxseed oil and seafood such as fatty fish and shellfish, and dietary supplements.
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The demand for Lecithin has increased over the years owing to rising health concerns, and increasing consumer health consciousness. The increasing applications of Lecithin in diverse industries such as pharmaceutical, food & beverage, animal feed, paints, and industrial has fuelled the growth of the global Lecithin Market. Increasing disposable income and hectic lifestyles encourage consumers to consume packaged meals, which supports the growth of the market. Rising use of Lecithin in chocolate & confectionery, and, bakery products boosts the growth of the Lecithin Market. The increasing health consciousness along with rising demand from emerging economies further promotes the growth of Lecithin.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Lecithin Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Europe Lecithin Market generated the highest revenue in 2017 owing to increasing geriatric population and growing health consciousness. High disposable incomes and sedentary lifestyles of consumers have increased the sale of packaged food in the region, thereby supporting market growth. Increasing awareness regarding benefits of Lecithin and growing industrial applications support the market growth in the region.
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Competitive Landscape and Key Vendors
The global Lecithin market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the Lecithin Market report include Stern-Wywiol Gruppe Pvt. Ltd., Lipoid GmbH, E. I. DuPont de Nemours Company, Cargill, Inc., Archer Daniels Midland, Wilmar International, American Lecithin Company, Northland Organic Food Corporation, VAV Life Sciences Pvt. Ltd., and Soya International.
Key Segments
Type
- Fluid Lecithin
- De-Oiled Lecithin
- Modified Lecithin
Source
- Rapeseed
- Sunflower
- Soy
- Other Sources
Application
- Food Products
- Animal Feed
- Pharmaceuticals & Personal Care
- Industrial
- Other Applications
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa
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