What's driving the Lecithin Market Share? DowDuPont, Wilmar International, Rasoya Proteins Ltd, Cargill, Bunge, Lipoid, LLC, Sodrugestvo, Lecico Egypt, Vippy Industries Ltd.
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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
Growing consumer demand towards various bakery products like breads, pastries and cakes may drive lecithin market demand. Emulsifying properties may cater to pharmaceutical and cosmetic industries, thus propelling the industry growth over the forecast timeframe. They are applied in manufacturing of various confectionary products which includes fudges, chocolates, caramels and toffee owing to its antioxidant and flavor protective properties. Pharmaceutical industry prefers soy product owing to its maintenance in oil-in-water and water-in-oil emulsion, thus increasing the industry demand.
Rapeseed or canola lecithin market size may surpass consumption at over 29 kilo tons by 2024. Increasing demand for non-GMO lecithin for its allergen free, lubricant, antioxidant and dispersing properties is expected to boost the product demand. They have technical properties similar to soy and sunflower and can be substituted in ratio of 1:1 for both.
Rapeseed lecithin market share from cosmetic applications may account for over 10% of the total demand by 2024. This oil is widely used as a remedy for skin ailments as it acts as a rich source of vitamins E & K which reduces skin afflictions and aging signs like acne, fine lines, spots and wrinkles. It also contains anti-oxidant in good amount which protects the skin from oxygen free radicals thus, making it soft and nourished and enhance the overall product demand.
Lecithin Market size is set to surpass USD 2.4 billion by 2024; according to a new research report by Global Market Insights, Inc.
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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.
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:
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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