Lecithin Market Share | Research , Size, Report overview, Application, Effect on Report and Region
Global lecithin market research report: information by source (sunflower, soya bean, egg, and others), application (pharmaceuticals & personal care, food, animal feed, nutrition & supplements, and others) region - Forecast till 2023
Key players-
Some of the noteworthy players functioning in the Lecithin Market Share 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).
Industry Updates-
July 2019: Physician’s Choice announced new formula for Meriva-SF which
contains a combination of curcumin and sunflower lecithin, a new addition to
its line of health supplements. This formula has high antioxidant and
anti-inflammatory effects on curcumin without the elimination and rapid
metabolism that is witnessed with regular curcumin.
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Global Lecithin Market Overview-
Lecithin share is obtained from vegetable and animal sources, including oranges
eggs cauliflower peanuts and beef liver. A commercial source of lecithin is egg
yolks soybeans and brain tissues. Lecithin is dispersant emulsifier and
viscosity modifier, which makes it suitable for application in various and use
industries such as food animal feed pharmaceutical and personal care nutrition
and supplements. As per the latest analysis of Market Research Future (MRFR),
the global lecithin market is expected to witness a high CAGR over the forecast
period.
Various factors influencing the lecithin market in a positive manner include
the increase in agricultural activities in developing countries and a rise in
consumer spending on personal care products. Moreover, growing consumption of
convenience food and rising consumer awareness towards healthy lifestyles have
also contributed heavily to the ascension of the global lecithin market. Apart
from that, increasing sports and physical activities along with a mounting
number of gym and fitness clubs in the nutritional supplement sector are
fuelling demand for lecithin over the forecast period. Rising population, along
with snowballing production of high-quality crops have resulted in higher
production of lecithin, promoting high CAGR in the market. However, fluctuating
prices of lecithin in the global market are expected to pose as a hindrance in
the market growth over the assessment period.
Market segmentation-
The global lecithin market share has been studied for different sources of
lecithin, its applications, and regions. Different sources for lecithin include
soya bean, sunflower, maize, rice, and egg. Soybean was the most used source to
create lecithin at the beginning of the forecast period. Around 45% of the
lecithin market was held by soya bean due to a wide utilization of the source
for the production of lecithin. Lecithin has various applications in different
end-use industries. These industries include animal feed, food and beverages,
pharmaceuticals, and nutrition and supplements. Growth in demand for lecithin
from the pharmaceutical and personal care sectors is anticipated to promote
favorable expansion in the lecithin market during the review period.
Detailed regional analysis-
Lecithin Market has been studied for five regional segments such as North
America Latin America Asia Pacific Europe and The Middle East and Africa. Among
the segments, Europe held the largest share in the lecithin market at the
beginning of the forecast period. The region is expected to witness a moderate
CAGR over the assessment period of 2017 to 2023. Such expansion can be
attributed to the growth of various end-use industries in the region, such as
food and beverages, pharmaceuticals, and animal feed. Italy, the UK, Germany,
Russia, and France are expected to spearhead the country-specific market for
lecithin within Europe. This can be attributed to the wide utilization of
lecithin in food applications and nutritional supplement.
On the other hand, North America’s lecithin market is anticipated to exhibit
and average CAGR because of increasing awareness regarding the benefits
associated with lecithin, along with the rise in the disposable income of
consumers residing in the region. Canada and the US anticipated to head the
country specific markets in North America due to a high demand for lecithin
from the pharmaceutical sector. Moreover, a presence of major food companies in
this region is projected to promote further growth.
Countries such as Peru, Brazil, Argentina, Guatemala, and Mexico estimated to
dominate the country-specific market for lecithin in Latin America during the
forecast period. Such domination can be attributed to the ascending demand for
lecithin among consumers, coupled with an increase in the production of
sunflower and soya bean.
In the Middle East and Africa countries such as Qatar, Oman, Turkey, The United
Arab Emirates, and Saudi Arabia are expected to lead the regional lecithin market
over the assessment period of 2017-2023. Such market domination can be
attributed to strong demand for lecithin from the pharmaceutical sector.
Asia-pacific’s lecithin market is anticipated to witness the highest growth, as
compared to other regions, during the forecast period. This can be attributed
to the snowballing expansion of various end-use industries prevalent in the
region. A surge in demand for lecithin is predicted to occur in countries such
as Malaysia, Bangladesh, India, South Korea, Taiwan, and China due to a growing
consumer base and favorable government regulations. Additionally, an ascending
consumption of bakery products, the presence of cost-effective raw material,
labor, and land, and favorable regulatory framework have contributed heavily to
the growth trajectory of the regional lecithin market.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Lecithin Market
5 Industry Overview Of Global Lecithin Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7 Global Lecithin Market By Source
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