Lecithin Market 2018-2024 | Prominent Players - Cargill, Bunge, Lipoid, LLC, Rasoya Proteins Ltd, Sodrugestvo, Lecico Egypt, Vippy Industries Ltd., DowDuPont, Wilmar International
4. Wilmar International
5. Archer Daniel Midland
7. GIIAVA Group
8. Vippy Industries Ltd.
9. Lipoid, LLC
10. Rasoya Proteins Ltd
11. American Lecithin Company
12. HANEIL SOYA-TECH PRIVATE LIMITED
13. SONIC BIOCHEM EXTRACTIONS LIMITED
14. Sun Nutrafoods
15. Soya International (Europe) Ltd.
16. Imcopa Food Ingredients BV
17. NOVASTELL - Avril group
18. Thew Arnott
21. Lecico Egypt
22. Shankar Soya Concepts – India
23. Bansal Extraction Export Private Limited
24. Berg + Schmidt Functional Lipids
With reference to the aforementioned fact, it is prudent to mention that cosmetic and pharmaceutical companies are lately using egg and soybean oil as the prominent sources of lecithin. Healthcare regulatory bodies like the Food and Drug Administration (FDA) have also affirmed egg lecithin to be a safe ingredient. The prominent use of lecithin in various dietary supplements is thus poised to propel lecithin industry share.
Browse key industry insights spread across 415 pages with 519 market data tables and 45 figures & charts from the report, “Lecithin Market Size By Source (Soy [GMO, Non-GMO], Rapeseed/Canola, Sunflower, Egg Yolk), By Application (Food & Beverages, Animal Feed, Industrial, Pharmaceutical, Cosmetics), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, Denmark, China, India, Japan, South Korea, Thailand, Malaysia, Australia, Brazil, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
As of now, many startups in the food and beverage sector are coming into the limelight on account of their high quality lecithin-based production. The increasing number of internationally recognized food companies producing lecithin in tandem with the contribution of the minorities will thus have a favorable impact on the growth of lecithin market. Recently, the U.S. based specialty lecithin producer, Clarkson Specialty Lecithins has received the Food Safety Certification via SQFI (Safe Quality Food Institute). This internationally recognized certification will help the North American lecithin producer to further improve the existing quality of its products as well as the firm’s manufacturing capabilities. The benchmark set by the various startups producing lecithin will also help prominent investors make an informed decision about pouring in capital in lecithin industry.
U.S. canola lecithin market demand may witness growth at over 4.5% over the forecast period. Increasing demand for various organic cosmetic products owing to several benefits may boost product demand in the region. Growing demand for various skincare products which includes creams, and lotions, may foster industry growth. The consumers are now focusing towards organic, ethical and vegan cosmetic products which may enhance market demand.
Germany egg yolk lecithin market size from food & beverages is anticipated to register gains around 2.5% by 2024. Increasing convenience of ready to eat products and changing food preferences coupled with low fat and organic baked products are predicted to provide a stimulus to the industry growth.
Spain non-GMO based soy lecithin market size is poised to exceed USD 19 million in the near future. Lecithin in aquafeed improves survival rate of fish and improves growth rate. It reduces the leaching of water soluble nutrients and act as natural antioxidant and feed attractant which may increase the product demand.
China pharmaceutical applications in sunflower lecithin industry demand may exceed USD 3.4 million by the end of foreseeable timeframe. With government increasing investment in healthcare and R&D, China represents great opportunity for innovative products and technologies and collaboration between international and domestic pharmaceutical companies. It is used in the form of tablets for the treatment of disorders such as dementia in Alzheimer disease. It is also used for treating bladder disease and types of depression, cholesterol and skin disease eczema, which may favor the industry growth.
ADM, SOYA, Bunge, Lekithos and Sun Nutrafoods are key industrial players in lecithin market. Strong R&D spending and new product launches may enhance the product portfolio, thereby stimulating the industry growth.
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