Lecithin
Market Overview
Lecithin
is type of substance which is obtained from many commercial sources
like egg yolks, soybeans, sunflower etc. Lecithin has application in
different industries which includes food and beverage, pharmaceutical
and cosmetic industry. Lecithin is generally used because of its
unique characteristics like smoothening textures of food, for
dissolving powders, to repel the sticky material, for homogenizing
mixtures in liquid and also it is used as an emulsifier and
stabilizing agent. North America and Asia-Pacific region is the
largest producer of lecithin in the world. Globally, organic and
Non-GMO lecithin are in demand.
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Lecithin
Market: Market Segmentation
Market
of lecithin is segmented on the basis of by types, form, grade and by
application. On the basis of by types, it is segmented as unrefined
lecithin, refined lecithin and chemically modified lecithin.
Difference between unrefined or natural lecithin is that, unrefined
lecithin is extracted from the oil seeds such as soybeans, sunflower
etc. and refined lecithin is unified with phospholipids, alcohol etc.
On the other side, chemically modified lecithin is modified through
chemical treatments. Lecithin market is segmented on the basis of
forms such as liquid and powder & granule. Liquid lecithin is
used in majorly in bakery & confectionery & industrial
applications. Whereas powder lecithin is used in instant dry mixes,
beverage premixes, etc.
Lecithin
market is segmented on the basis of grade such as food grade, feed
grade and pharma grade. Pharma grade lecithin is used because of its
functional, nutritional and therapeutic properties. Another segment
is on the basis of application of lecithin which includes food and
beverage, pharmaceutical industry, cosmetic, animal feed and for
industrial purpose. Further the market of food and beverage is
segmented into sub-segment. It is sub-segmented into bakery &
confectionery, beverages, convenience foods, meat & seafood and
dairy products.
Majority
of the demand of lecithin is from the food and pharmaceutical
industry as in food industry it is used as food additive because of
its functional property of anti-spatter and emulsifier. On the other
side, in pharmaceutical industry it is used as dispersing agent and
also helps in encapsulation and also it has application in form of
nutritional supplement. Lecithin also has demand as industrial
element where it is used as a release agent, antisludge additive,
emulsifier, spreading agent and for many other purposes. Plastic,
textile, rubber and paint are some of the major industries where
lecithin
is used for industrial purpose. On analyzing the overall demand of
lecithin in global level market, it is assessed that food industry
accounts to majority of share in terms of value and volume followed
by pharmaceutical industry and industrial purpose.
Lecithin
Market: Growth Drivers
Major
drivers which influence the demand of lecithin is from the food
manufacturing industry as it is used as food additive and where it
has usage in form of natural emulsifier, lubricant stabilizer,
realizing agent and for many other purposes. On the other side,
lecithin is also trending its demands from the pharmaceutical
manufacturers as they use this product for treatments related to
neurological conditions, liver and cholesterol effects and for
cardiovascular diseases. Increasing health awareness among consumers
has also leads to increase in demand of pharmaceutical as one of the
product which is also used for preventive purpose as it helps in
treatment of for diseases related to neurological disorder, liver,
cholesterol level and also used as a therapeutic purpose.
Lecithin
Market: Regional Outlook
On
the basis of regional outlook, market of lecithin market is segmented
in seven regions: North America, Latin America, Western Europe,
Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. As per
production, major lecithin market producing regions are North America
and Western Europe and also contributes majority of market share in
the world. In terms of consumption North America and Western European
countries are expected to be the largest consumer of lecithin in the
world.
Lecithin
Market: Players
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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