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Egg phosphatidylcholine market: Cosmetics & Pharmaceutical sectors to be the major growth drivers
Egg Phosphatidylcholine Industry Statistics, Egg Phosphatidylcholine Market, Egg Phosphatidylcholine Market Forecast, Egg Phospha
National Academy of Sciences in 1998, added choline as a nutrient source and recommend it for daily meal intake. The best source for high content of choline is egg yolk, wherein the choline properties prevents human body from CVD and memory loss. This factor will positively impact egg phosphatidylcholine market dynamics in the coming seven years.
Egg phosphatidylcholine produces acetylcholine for the functioning of neurotransmitters in central human nerve system. Wide set of advantageous related to use of egg PC has prompted the market players to experiment and invest more in R&D. Moreover, these players have begun to operate in manufacturing egg PC by lowering the cholesterol consumption due to strict norms filed by FDA and other European organization. Global egg phosphatidylcholine market share is fairly consolidated with key players including Kewpie Corporation, Jena Bioscience GmbH, Harmony Whole Foods, Avanti Polar Lipids, NOF America Corporation, and Vitamin Research Products.
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High demand for egg phosphatidylcholine in the nutritional supplement market and the rising presence of companies such as Chubb, UL, and Covance which are large scale manufacturers of dietary supplements will augment the U.S. egg PC industry.
Germany egg phosphatidylcholine market is anticipated to grow at a rate of more than 3% over the period of 2016-2024. Increasing dietetic products and anti-ageing cosmetic demand clubbed with the rising recommendation of the compound by doctors and nutritionists will be significantly driving the regional growth over the coming seven years.
China egg phosphatidylcholine industry share is anticipated to surpass USD 1.5 million by 2024. Rising geriatric population base in this region will increase demand for egg PC compound.
This industry has its prominent presence in the Cosmetics, Dietetic, and Pharmaceutical industries, which in turn is generating heavy gains for the global egg phosphatidylcholine industry. Egg phosphatidylcholine industry in cosmetic application is expected to generate revenue over USD 2.5 million by 2024. Egg PC compound is widely used as moisturizers, emulsifiers, and solubilizers in various ointments to maintain hair and skin texture. Also, rising consciousness regarding use of natural ingredients in beautifying of skin and hair will drive egg PC demand.
Dietetic application is anticipated to register a CAGR of 5.5%. Egg phosphatidylcholine is used in the treatment of neurological disorder, thereby enhancing the egg PC market size. Also, rise in nutritive and healthy food intake will surge the egg phosphatidylcholine industry. Furthermore, the egg phosphatidylcholine industry growth will also be driven by the increase in the rate of poultry farm manufacturers feeding fatty acid to livestock. And use of EPA/DHA ingredients in the dietary supplements will further propel the Omega 3 ingredients market size.
Pharmaceutical application in the egg phosphatidylcholine market is also witnessing exponential growth over the coming seven years. Pharmaceutical application particularly in the U.S. has generated revenue more than USD 330 million in 2015. This industry is booming with extensive use of egg PC in curing diseases such as hepatitis, high cholesterol, gallbladder, eczema, and circulation problems.
Threat from substitutes of yolk such as mustard, soybean, and rapeseed will prompt the suppliers to use them and compel manufacturing costs. However, an additional advantage of high content of choline present in yolk with high nutrient density will set a clear path for the growth of egg phosphatidylcholine industry in the future.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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