Global Lecithin Analysis Size Global Trend Factor, Segmentation, Business Growth, Top Key Players Analysis Industry, Opportunities and Forecast
Lecithin is a substance or a mixture of
phosphatides which is predominantly made up of phosphatidyl ethanolamine,
phosphatidyl serine, phosphatidylcholine, and phosphatidyl inositol coupled
with numerous other substances such as carbohydrates and fatty acids. It also
comprises of nitrogenous and phosphorous compounds. These are generally found
in vegetables, soya bean, egg yolk, and a naturally occurring emulsifier. They
are non-toxic in nature and hence can be utilized in food, nutrition &
supplements, animal feed, and pharmaceuticals & personal care as aerating
agents, lubricants, emulsifiers, and viscosity modifiers.
Some
of the prominent factors that positively influence the growth of the lecithin
market are increasing agricultural activities in emerging economies, rising
consumer spending on personal care products, and growing consumption of
convenience foods. Furthermore, rising consumer awareness along with increasing
health concerns has raised the demand for phospholipids, which in turn has
raised the consumption of lecithin based medical products, which is further
predicted to drive the growth of the market. Increasing sports and physical
activities along with growing number of gym and fitness clubs has propelled the
demand for nutrition & supplement, which in turn is predicted to fuel the
growth of the market over the forecast period. Moreover, rising population
along with increasing production of high-quality crops has resulted in the
production of lecithin which is estimated to propel the growth of the market.
However, fluctuating price of lecithin in the global market is predicted to
hinder the growth of the market.
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.
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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.
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.
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