Global Lecithin Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Published - Apr 2019 | Category - Consumer Goods | No. of Pages - 149 | Published By - EMR

Global Lecithin market is expected to reach USD 1331.0 million in 2024, at a vigorous CAGR of 5.6% from 2018 to 2024.

The major factor driving the growth of the market is increasing demand from various end-use industries. Moreover, growing preference for natural ingredients is further propelling the market growth.

Lecithin is a naturally occurring fatty substance found in several foods, including egg yolks, soybeans, nuts, and whole grains. The lecithin molecules have both hydrophilic and lipophilic (water-loving and fat-loving) parts that support the dispersion of oil and water. Lecithin is a natural emulsifier used in food and pharmaceutical industries. Major factor driving the growth of the market is the increasing demand from various end use industries.

Moreover, growing preference for natural ingredients is further propelling the growth of the global lecithin market. The rise in awareness towards the health benefits of natural products has resulted in people incorporating various methods like organic food consumption to their modern lifestyle. Moreover, the trend is not only confined to food industry, but is also penetrating the cosmetics industry where lecithin is one of the components. Natural & organic cosmetics are preferred over the conventional ones as they are free from chemicals and have no adverse effects.

Global Lecithin Market Major Key Players 

Cargill
Archer Daniels Midland
Lipoid GmbH
American Lecithin Company
DuPont
Bunge, Inc.
Soya International
Bristol-Myers Squibb
Lecico GmbH
Sodrugestvo Group
Others


 

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