Press release
Global Lecithin Market By Source 2018-2024 | Archer Daniel Midland, Cargill, GIIAVA, Lipoid GmbH, American Lecithin Company, Sodrugestvo, Sonic Biochem, DowDuPont
Lecithin Market, Global Lecithin Market Size, Lecithin Industry, Lecithin Market Trends, Lecithin Market Share, Lecithin Market Gr
Lecithin Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Increasing consumer expenditure on processed and convenience food owing to rising awareness regarding the demand for healthy food products may witness significant growth in lecithin market. Growing demand towards natural food products to reduce the usage of preservatives is likely to further support the industry growth. Lecithin Market may exceed USD 2.4 billion by 2024; according to a new research report.
North America led by the U.S. and Canada lecithin market may witness gains at over 5% by the end of forecast period. Growing demand for natural products like skincare, fragrances and cosmetics owing to their benefits such as penetration in the skin, skin hydration and moisturizing effects is likely to foster the product demand. Increasing consumer demand towards organic, and ethical cosmetic products owing to its natural properties may stimulate the regional industry growth.
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Lecithin have wide application in food & beverage industry as it acts as an emulsifier and homogenizes fat particles in food. In bakery products it supports dough tolerance and work as releasing agent after baking. This product is rich in functional phospholipids which makes them ideal for usage in healthy food products and nutraceuticals. It is widely used in baked goods and confectionaries as it acts as instantizers which aid protein and other minerals to disperse in aqueous systems, thereby stimulating product demand.
Canola lecithin market was valued at over USD 75 million in 2017 and may surpass at a higher value in the projected timeframe. These oils are rich in polyunsaturated fats which aids in reducing LDL cholesterol and do not contain any artificial preservatives which trans-fat and GM are free. This product is used in production of mayonnaise, tartar sauce, salad dressings and cream cheese spread owing to its high smoke point and smooth texture. They also facilitate moisture retention in bakery products and improves taste and freshness, which in turn enhances overall lecithin market demand.
Europe led by France, UK, Spain, and Germany lecithin market may exceed USD 595 million by 2024. Growing demand for bakery products which include biscuits, pastries and cakes with low fat and calorie content may foster the market growth. Increasing demand for healthy and handy snacks products which are rich in essential nutrients like wrapped bread may propel the industry growth.
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Sunflower lecithin market demand may witness significant gains at over 6% by 2024. These are derived by dehydrating sunflower and is processed through cold press system. They are rich in choline and other fatty acids which add on as a supplement which aids in reduction of the other fats and protect red blood cells. As an emulsifier it is able to balance the fat levels in bloodstream and help to boost heart health. It also helps in lubrication of joints and the reduction in inflammation around the body. In bakery products sunflower lecithin improves the extensibility of the gluten which has an impact on various aspects of baking process and improves the machinability of the dough, thus stimulating the product demand.
Asia Pacific led by, China, Japan and India lecithin market demand may witness gains at over 5% by 2024. The growth in demand can be attributed owing to high penetration of products across pharmaceuticals industry. Rising population in China and India may boost demand for medical aids which can be used in treatment of diseases such as Alzheimer, high cholesterol and skin diseases like eczema coupled with government initiatives to promote more pharmaceutical sector in the region, thereby boosting lecithin market demand.
Global lecithin market share is moderately consolidated with key players including ADM, GIIAVA, Bunge and SOYA. Companies are investing in R&D and new product development to expand their market demand.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3 Lecithin Industry Insights
Chapter 4 Lecithin Market, By Source
Chapter 5 Lecithin Market, By Region
Chapter 6 Company Profiles
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Related Report:
Global Deoiled Lecithin Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
Deoiled lecithin is free of oil and enriched in phospholipids for enhanced dispersion in water and easier handling. Deoiled lecithin is neutral in color and flavor and comes in both granular and powder forms.
In 2018, Asia Pacific is estimated to occupy the largest share of the global de-oiled lecithin market, in terms of value and volume. Export opportunities of non-GMO lecithin from countries such as India to the European market are expected to drive the market for de-oiled lecithin in the region. Sonic Biochem Extractions and Shankar Soya Concepts are some of the key players based in India offering non-GMO de-oiled lecithin to the European market. Apart from this, the booming aquaculture industry in China is expected to boost the demand for de-oiled lecithin in the feed segment. On the other hand, the increased demand for personal care products and cosmetics in countries such as Japan and South Korea are expected to the de-oiled lecithin market in the region.
https://www.marketstudyreport.com/reports/global-deoiled-lecithin-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023?utm_source=RR-SP
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