Global Lecithin Market Value to Increase from US$ 770.5 Mn in 2015 to US$ 1,225.0 Mn by 2024

Food additives are used in various food products in order to impart desirable qualities in various food products and also to make food more appealing. For example, emulsifiers such as lecithin improve the texture in salad dressings and other food products. Increasing preference for low fat food and rising demand for convenience foods and packed foods in the market in various developed and developing countries are factors primarily driving growth of the global lecithin market.

In terms of the various food emulsifier products, demand for lecithin is expected to increase at a reasonable rate till the end of the forecast period.

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On the basis of source type, the market is segmented into soya bean, sunflower and others. Soya bean segment is projected to witness a robust growth, followed by sunflower segment. On the basis of form type, the market is segmented into liquid, granules, and powder. Liquid segment is expected to witness highest revenue share, followed by granules and powder segment in the global lecithin market.

Food manufacturers are focused on new product launches to fulfill the increasing demand of specialty ingredients for convenience food such as ready mixes and on-the-go products. As per US FDA, partially hydrogenated oils (PHOs) are not Generally Recognized As Safe (GRAS).

As a result of increasing consumer demand for non-GMO ingredients and raw materials alternatives other than soy, the companies are focusing on production capacity expansion in Asia Pacific region. The production capacity will supplement lecithin production and enable the manufacturers to serve customers in Europe and North America.

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This report discusses trends that drive growth of each segment and offers analysis and insights on the potential of the lecithin market in specific regions. Asia Pacific, North America and Europe are expected to record high growth rates between 2016 and 2024. Among all the regions globally, North America is estimated to account for comparatively higher value share in 2016, followed by Europe and Asia Pacific.

This report covers detailed profiles of key players global lecithin market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are E. I. du Pont de Nemours and Co, Cargill, Inc., Archer Daniels Midland Company, Sternchemie GmbH & Co. KG, NOW Foods, American Lecithin Company, Bunge Limited, Thew Arnott & Co. Ltd., and Lipoid GmbH.

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