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Lecithin And Phospholipids Market 2023-2032 | Size, Share, Growth, Trends, Revenue, Competitive Landscape, Forecast Report
Lecithin And Phospholipids Global Market
The Business Research Company's Lecithin And Phospholipids Global Market Report 2023 identifies increasing application within the bakery products, confectionery products, and food industry as the major driver for the Lecithin And Phospholipids market's growth in the forecast period. The use of lecithin and phospholipids in bakery, confectionery products, and the food business use to improve the quality of biscuits, wafers, and other bakery goods, along with the extensibility of gluten. It improve the elasticity and consistency of baking dough and make it easier to handle allowing less nutritious fats to be substituted without changing the texture of the food.
The global lecithin and phospholipids market is expected to grow from $1.53 billion in 2022 to $1.67 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The lecithin and phospholipids market is expected to grow to $2.30 billion in 2027 at a CAGR of 8.3%.
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Major competitors in the Lecithin And Phospholipids market are Cargill Incorporated, The Archer-Daniels-Midland Company, DuPont de Nemours Inc., IMCD Group B.V., Bunge Limited, Stern-Wywiol Gruppe GmbH & Co. KG, Wilmar International Limited, Sonic Biochem Extraction Pvt Ltd.
A key trend in the Lecithin And Phospholipids market includes development of methods for the production of lecithin and phospholipids from renewable sources. Major players operating in the lecithin and phospholipids sector are focused on developing innovative methods for the production of lecithin and phospholipids from renewable sources, to sustain their position in the market. For an instance in April 2022, Louis Dreyfus Company, a Netherlands-based food, and beverages manufacturing company inaugurated its new soy liquid lecithin plant, which focused on the production of soy lecithin via the soybean processing method and lecithin refining operations along with a food-grade packaging line and canola oil distribution facility. The plant can process 1.75 lakh buses of soybeans per day.
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The Lecithin And Phospholipids market is segmented -
1) By Type: Fluid, De-oiled, Modified
2) By Source: Soy, Sunflower, Rapeseed, Egg, Other Sources
3) By Nature: GMO, Non-GMO
4) By Application: Feed, Food, Baked Goods, Confectionary Products, Convenience Food, Nutritional Supplements, Industrial, Cosmetics, Pharmaceuticals, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Lecithin And Phospholipids market.
The Business Research Company's "Global Lecithin And Phospholipids Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Lecithin And Phospholipids Market Include:
1. Executive Summary
2. Lecithin And Phospholipids Market Characteristics
3. Lecithin And Phospholipids Market Trends And Strategies
4. Lecithin And Phospholipids Market - Macro Economic Scenario
5. Lecithin And Phospholipids Market Size And Growth
……
27. Lecithin And Phospholipids Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Lecithin And Phospholipids Market
29. Lecithin And Phospholipids Market Future Outlook And Potential Analysis
30. Appendix
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