Newark, Sept. 06, 2022 (GLOBE NEWSWIRE) — Report published by The Brainy Insights shows that the global lecithin market is expected to grow from USD 550.2 million in 2021 to USD 1090.7 million by 2030, at a CAGR of 7.9% over the forecast period 2022-2030.
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Lecithin is an amphiphilic fat group that attracts water and fatty substances. When lecithin is consumed in the correct amount, it can provide several health benefits to consumers. It is widely used in digestion as it consists of emulsifying properties. This property improves the production of mucus in the intestine. Moreover, it is also useful for people with dementia and Alzheimer’s disease by improving brain function. Apart from this, it also helps in controlling cholesterol levels by lowering low density lipoproteins (LDL). Lecithin has moisturizing and moisturizing properties, which are very useful in the manufacture of skin care products. These properties of lecithin are also beneficial in repairing inflamed skin and reducing skin flaking. The emulsifying properties of lecithin are useful for the food industry to mix various food ingredients, which propels the growth of the market.
To strengthen their position in the global lecithin market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.
● In February 2020, Crystal Diagnostics announced that the United States Patent and Trademark Office had issued the company a second patent related to the proprietary form of liquid crystals for the rapid and accurate detection of foodborne pathogens.
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Market growth and trends:
The increasing benefits of lecithin are expected to drive the market growth. It is widely used as a digestive enzyme and is also helpful in improving brain function. Growing demand for lecithin in skincare and personal care products owing to its moisturizing and hydrating properties, propels the growth of the market. However, fluctuating prices of raw materials used to produce lecithin are hampering the market growth over the forecast period. However, the outbreak of the Covid-19 pandemic has affected the food and beverage industry, with several manufacturing units temporarily suspended to stop the spread of the disease. Strict government regulations regarding the use of lecithin in food products, coupled with religious restraints, are expected to challenge the market growth over the forecast period.
● In 2021, the soybean segment dominated the market with the largest market share of 26% and revenue of 143.0 million.
Source segment is divided into soybean, sunflower, rapeseed, egg and others. In 2021, the soybean segment dominated the market with the largest market share of 26% and revenue of 143.0 million. Soy lecithin extraction is a cheap method which increases its demand.
● In 2021, the animal feed segment accounted for the largest market share, with 23% and a turnover of 126.5 million.
The end-user segment is divided into convenience foods, bakery, confectionery, pharmaceuticals, personal care and cosmetics, animal feed and others. In 2021, the animal feed segment accounted for the largest market share, with 23% and a turnover of 126.5 million. The animal feed segment has grown owing to the increasing consumption of meat and poultry products due to the presence of high proteins in them.
● In 2021, the liquid lecithin segment accounted for the largest market share, with 46% and revenue of 253.0 million.
The shape segment is divided into liquid, powder and granule. In 2021, the liquid lecithin segment accounted for the largest market share with 46% and revenue of 253.0 million. The segment has grown owing to the growing demand for liquid lecithin from various industries, such as food processing, cosmetics, industrial coatings, and confectionery.
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Regional Segment Analysis of Lecithin Market
● North America (United States, Canada, Mexico)
● Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
● Asia-Pacific (China, Japan, India, rest of APAC)
● South America (Brazil and Rest of South America)
● Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, Europe has emerged as the largest market for the global lecithin market, with a market share of around 39% and 214.5 million market revenue in 2021. The lecithin market in the region has grown due to the presence of a large amount of raw materials coupled with the presence of prominent market players in the region. Growing economic development and growing food processing industry in the region is driving the growth of the market. Additionally, increasing globalization and development of the food and beverage industry is contributing to the growth of the lecithin market in the region.
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Leading players operating in the global lecithin market are:
● American Lecithin Society
● World River Food Ingredients
● Stern-Wywiol Gruppe GmbH & Co. KG
● Haneil Soyatech Pvt. ltd.
● AKK Soya International
● Imcopo Food Ingredients BV
● Sime Darby Unimills B.V.
● Wilmar International Ltd.
● Tianjin Hexiyuan Lecithin Form Co., Ltd.
● Orison Chemicals Limited
This study forecasts revenue at global, regional and country levels from 2019 to 2030. Brainy Insights has segmented the global lecithin market based on the segments mentioned below:
Global Lecithin Market by Source:
Global Lecithin Market by End Use:
● Ready meals
● Personal care and cosmetics
● Animal feed
Global Lecithin Market by Form:
About the report:
The global lecithin market is analyzed on the basis of value (USD million). All segments have been analyzed at global, regional and country level. The study includes analysis of more than 30 countries for each part. The report analyzes the drivers, opportunities, restraints and challenges to gain a critical overview of the market. The study includes Porter’s five forces model, attractiveness analysis, product type analysis, supply and demand analysis, competitor positioning grid analysis , analysis of distribution and marketing channels.
About The Brainy Insights:
The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer requirements, whether they are looking to expand or planning to launch a new product in the global market.
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