Lecithin Market to Grow Due to Expanding Cosmetics Industry in Asia-Pacific | Top Players are Sternchemie GmbH & Co. KG, Ruchi Soya Industries Ltd., Lipoid GmbH, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Aceitera General Deheza

Lecithin is a type of fat which is essential in the cells of the body. The chemical can be found in several foods, including soybeans and egg yolks. Lecithin is also utilized as a medicine and in the manufacturing of medicines. Due to the rising consumption of healthy foods, the lecithin market is predicted to advance at a considerable rate in the coming years. other than egg and soy, lecithin can also be found in sunflower. The largest demand in the past was created for soy, which can be ascribed to its ability to act a natural emulsifier

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Key Questions Answered:

What is the current and future scenario of the global lecithin market?
What are the major factors driving the global lecithin market?
What are the upcoming opportunities for the players in the global lecithin market?
Which major source type of lecithin is expected to dominate the market during the forecast period?
Which region is expected to witness the fastest growth during study period?
Who are the major players in the global lecithin market?
What are the key strategies adopted by major players in the global lecithin market?

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Lecithin extracted from soybean oil comprises three forms of phospholipids, namely phosphatidylcholine, phosphatidylethanolamine, and phosphatidylinositol. Apart from having health benefits, lecithin is also utilized extensively in the production process of cosmetics. The Asia-Pacific region is also predicted to create considerable demand for lecithin in the coming years, which is attributed to the heavy investments in food, health & nutrient supplement, and cosmetics industries in the region. The industries are making wide use of lecithin for number of applications in food products, including baked food products, chocolate, and cheese, and cosmetic products, such as creams, lipsticks, and conditioners.

Other than Asia-Pacific, the European region emerged as the largest lecithin market in the past. This is on account of the growing requirement for lecithin in several industries, such as health & nutrition, animal feed, processed food, and cosmetics, in the region. In addition to this, the surging consumption of meat and rising awareness regarding meat quality and daily products in Europe are also resulting in a rising demand for lecithin.

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Competitive Landscape

Globally, the major market players in the lecithin market are Sternchemie GmbH & Co. KG, Ruchi Soya Industries Ltd., Lipoid GmbH, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Aceitera General Deheza S.A., VAV Life Sciences Pvt. Ltd., Lasenor Emul S.L., Kewpie Corporation, and Cargill Incorporated.

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