Lecithin Market: Rising Demand from Food and Pharmaceuticals Industries to Drive Market

A new report by Transparency Market Research states that the global lecithin market is expected to exhibit a significant growth in the coming years owing to the rising demand from the food and beverages and the pharmaceutical industries. Lecithin, because of its emulsifier and anti-spatter properties, is increasingly used as a food additive. The use of lecithin as a dispersing agent in the pharmaceutical industry is increasing. The use of lecithin as a nutritional supplement is increasing, which is another factor expected to propel the global market for lecithin. In many industries including rubber, paint, and plastic, lecithin is used as a primary emulsifier, anti-sludge additive, and a release agent. All these factors are expected to create new growth opportunities in the global lecithin market.

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The report, titled “Lecithin Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” defines lecithin and briefs readers about the many applications and benefits of lecithin. Lecithin, obtained from egg yolk, sunflower, soybean, and other sources, is also used in the cosmetic industry. By region, the global lecithin market is divided into Asia Pacific, Western Europe, Eastern Europe, North America, Latin America, Japan, and the Middle East and Africa. Currently, the market is led by North America, followed by Asia Pacific owing to the rising use of lecithin in many industries in these regions.

For a detailed study, the analysts have further segmented the global lecithin market on the basis of form, application, type, and grade. By type, the global lecithin market is classified into refined lecithin, chemically modified, and unrefined lecithin. Based on grade, the global lecithin market is classified into feed grade, food grade, and pharma grade. As per the findings of the report, the global lecithin market is expected to benefit from factors such as the rising use of lecithin-based products to treat various neurological conditions and the rising health awareness among people.

Key pharma companies are focusing on manufacturing lecithin-based products to treat neurological disorders, liver problems, and to control the levels of cholesterol. Some of the leading companies operating in the global lecithin market are Archer Daniels Midland Company, Cargill Incorporated, AMERICAN LECITHIN COMPANY, NOW Foods, Lucas Meyer GMBH, Bunge Limited., "Sodrugestvo" Group of Companies, Thew Arnott Group, Swanson Health Products, Lipoid GmbH, and DuPont. By introducing new lecithin-based products, key companies are aiming to fulfill the growing demand from the pharmaceutical industry.

The entry of new manufacturers of food and beverages and pharmaceutical products is expected to further propel the demand for lecithin, which will boost the global lecithin market.

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This release was published on openPR.