Market Definition: Lecithin and Phospholipids Market
Global Lecithin and Phospholipids Market is expected to reach USD 6.9 billion by 2026, from USD 2.8 billion in 2017 growing at a CAGR of 23.6 % during the forecast period of 2019 to 2026.
Lecithin is a combination of phospholipids and emulsifier. Phospholipids are extracted from the same base as lecithin such as egg, soy and others. Lecithin is obtained from vegetables, egg yolk, canola seeds, and soybean and phospholipids are obtained from soy, egg and others. Lecithin and phospholipids have various features like oil and water trending properties, viscous, soft, orange-brown coloured substance.
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Major Market Drivers & Restraints are as follows:
- Increasing demand for green and naturally sourced ingredients
- Rising consumer awareness towards healthy life style
- Growth in consumption of convenience foods and functional food and beverages
- Individual allergy soy lecithin.
- Fluctuating price of the raw materials.
Key Market Competitors: Lecithin and Phospholipids Market
Few of the major competitors are Archer Daniels Midland Company, Cargill, Incorporated, LASENOR EMUL, S.L., Lipoid GmbH, Stern-Wywiol Gruppe GmbH & Co. KG, Avanti Lipids Polar, Inc., DuPont., Lecico Gmbh, Ruchi Soya Industries Limited, Vav Life Sciences Pvt. Ltd., The Valspar Corporation and others.
The report gives the details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.
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Market Segmentation: Lecithin and Phospholipids Market
- The global lecithin and phospholipids market is segmented based on source, application, and geographical segments.
- Based on product type, the global lecithin and phospholipids market is segmented into soy, sunflower, egg and others.
- On the basis of application, the global lecithin and phospholipids market is classified on food, nutrition & supplements, cosmetics, feed, pharmaceuticals and others.
- Based on geography, the global lecithin and phospholipids market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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The global lecithin and phospholipids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lecithin and phospholipids market for global, Europe, North America, Asia Pacific and South America.
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