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Lecithin And Phospholipids Market Strategies 2024-2033 - Size, Growth Analysis, Outlook, Overview
Lecithin And Phospholipids Market
As per the report, the lecithin and phospholipids market size has grown strongly in recent years. It will grow from $1.66 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The lecithin and phospholipids market size is expected to see strong growth in the next few years. It will grow to $2.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
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Lecithin And Phospholipids Transforming The Bakery And Food Industry
The increasing application within the bakery products, confectionery products, and food industry is expected to propel the growth of the lecithin and phospholipids market going forward. 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 improves 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. For an instance, in July 2021, the according to the data published by LASENOR, an India-based, global, and innovative brand engaged in the manufacturing of food emulsifiers and lecithin, the lecithin employed in foodstuff for the food industry, recorded 54k tons of production in 2020, which increased to 98k tons in 2021. Therefore, the increasing application within the bakery products, confectionery products, and food industry is driving the growth of the lecithin and phospholipids market.
Transforming Lecithin And Phospholipids Production Through Renewable Sources
The development of methods to produce lecithin and phospholipids from renewable sources, is a key trend gaining popularity in the lecithin and phospholipids market. Major players operating in the lecithin and phospholipids sector are focused on developing innovative methods to produce 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.
The lecithin and phospholipids market covered in this report 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
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Major companies operating in the lecithin and phospholipids market report 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., American Lecithin Co., VAV Life Sciences Pvt. Ltd., Kewpie Corporation, Lipoid GmbH, Lecital, Lasenor Emul S.L, Sun Nutrafoods, Lecilite Ingredients Pvt. Ltd., Avril Group, Sodrugestvo Group S.A., Fismer Lecithin, Global River Food Ingredients, Haneil Soyatech Pvt. Ltd., NOW Foods, Thew Arnott & Co. Ltd., GIIAVA Pvt. Ltd., AKK Soya Internationa, Imcopo Food Ingredients B.V., Sime Darby Oils, Sternchemie GmbH & Co. KG, Ruchi Soya Industries Limited, Solgar Inc.
Contents of the report:
1. Executive Summary
2. Lecithin And Phospholipids Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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