Global Lecithin Market Value to Increase from US$ 770.5 Mn in 2015 to US$ 1,225.0 Mn by 2024

Persistence Market Research (PMR) delivers key insights on the global lecithin market in its published outlook titled, “Lecithin Market: Global Industry Analysis and Forecast, 2016–2024”. In terms of value, the global lecithin market is expected to expand at a CAGR of 5.4% during the forecast period due to various factors on which PMR offers vital insights in detail. Global lecithin market was valued at US$ 770.5 Mn in 2015 and is expected to reach a value of US$ 1225.0 Mn at the end of the forecast period in 2024.

Market dynamics

Food additives are used in various food products in order to impart desirable qualities in various food products and also to make food more appealing. For example, emulsifiers such as lecithin improve the texture in salad dressings and other food products. Increasing preference for low fat food and rising demand for convenience foods and packed foods in the market in various developed and developing countries are factors primarily driving growth of the global lecithin market. In terms of the various food emulsifier products, demand for lecithin is expected to increase at a reasonable rate till the end of the forecast period.

Market forecast

On the basis of source type, the market is segmented into soya bean, sunflower and others. Soya bean segment is projected to witness a robust growth, followed by sunflower segment. On the basis of form type, the market is segmented into liquid, granules, and powder. Liquid segment is expected to witness highest revenue share, followed by granules and powder segment in the global lecithin market. On the basis of applications, the market is segmented into food & beverage, pharmaceuticals, cosmetics, animal feed, and industrial purpose. As a result of increasing demand for natural ingredients in various food products, the food & beverage segment is expected to witness highest growth in the global lecithin market over the forecast period. Food manufacturers are offering GMO (genetically modified organism) free products or replacing GMO ingredients to cater to increasing preference for GMO–free products.

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Food manufacturers are focused on new product launches to fulfill the increasing demand of specialty ingredients for convenience food such as ready mixes and on-the-go products. As per US FDA, partially hydrogenated oils (PHOs) are not Generally Recognized As Safe (GRAS).

As a result of increasing consumer demand for non-GMO ingredients and raw materials alternatives other than soy, the companies are focusing on production capacity expansion in Asia Pacific region. The production capacity will supplement lecithin production and enable the manufacturers to serve customers in Europe and North America.

This report discusses trends that drive growth of each segment and offers analysis and insights on the potential of the lecithin market in specific regions. Asia Pacific, North America and Europe are expected to record high growth rates between 2016 and 2024. Among all the regions globally, North America is estimated to account for comparatively higher value share in 2016, followed by Europe and Asia Pacific. The market in North America is expected to remain dominant over the forecast period, and is expected to account for 37.7% revenue share of the global market by 2024. Asia Pacific is another major market for lecithin. In Asia Pacific, increasing consumer demand for non-GMO ingredients and raw material alternatives other that soy, are some of the factors that is driving the lecithin market over the forecast period. India, China, and other countries in Asia Pacific region, are expected to witness significant growth over the forecast period in global lecithin market.

Competitive landscape

This report covers detailed profiles of key players global lecithin market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are E. I. du Pont de Nemours and Co, Cargill, Inc., Archer Daniels Midland Company, Sternchemie GmbH & Co. KG, NOW Foods, American Lecithin Company, Bunge Limited, Thew Arnott & Co. Ltd., and Lipoid GmbH.

Global Lecithin Market: Rising Demand from Food and Pharmaceuticals Industries to Drive Market, says TMR

A new report by Transparency Market Research states that the global lecithin market is expected to exhibit a significant growth in the coming years owing to the rising demand from the food and beverages and the pharmaceutical industries. Lecithin, because of its emulsifier and anti-spatter properties, is increasingly used as a food additive. The use of lecithin as a dispersing agent in the pharmaceutical industry is increasing. The use of lecithin as a nutritional supplement is increasing, which is another factor expected to propel the global market for lecithin. In many industries including rubber, paint, and plastic, lecithin is used as a primary emulsifier, anti-sludge additive, and a release agent. All these factors are expected to create new growth opportunities in the global lecithin market.

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The report, titled “Lecithin Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” defines lecithin and briefs readers about the many applications and benefits of lecithin. Lecithin, obtained from egg yolk, sunflower, soybean, and other sources, is also used in the cosmetic industry. By region, the global lecithin market is divided into Asia Pacific, Western Europe, Eastern Europe, North America, Latin America, Japan, and the Middle East and Africa. Currently, the market is led by North America, followed by Asia Pacific owing to the rising use of lecithin in many industries in these regions.

For a detailed study, the analysts have further segmented the global lecithin market on the basis of form, application, type, and grade. By type, the global lecithin market is classified into refined lecithin, chemically modified, and unrefined lecithin. Based on grade, the global lecithin market is classified into feed grade, food grade, and pharma grade. As per the findings of the report, the global lecithin market is expected to benefit from factors such as the rising use of lecithin-based products to treat various neurological conditions and the rising health awareness among people.

Key pharma companies are focusing on manufacturing lecithin-based products to treat neurological disorders, liver problems, and to control the levels of cholesterol. Some of the leading companies operating in the global lecithin market are Archer Daniels Midland Company, Cargill Incorporated, AMERICAN LECITHIN COMPANY, NOW Foods, Lucas Meyer GMBH, Bunge Limited., "Sodrugestvo" Group of Companies, Thew Arnott Group, Swanson Health Products, Lipoid GmbH, and DuPont. By introducing new lecithin-based products, key companies are aiming to fulfill the growing demand from the pharmaceutical industry.

The entry of new manufacturers of food and beverages and pharmaceutical products is expected to further propel the demand for lecithin, which will boost the global lecithin market.

Lecithin Market - Market Overview,Segmentation,Growth Drivers,Regional Outlook 2016-2024

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.

Global Lecithin Market Share, Size, Growth ,Development ,Forecast to 2024

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.

View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5246

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.