Lecithin Market - Growth, Trends and Forecast (2020 - 2025)
Global Lecithin Market is segmented by Source into Egg, Soy, Sunflower, and Others; By Application into Food and Beverage, Feed, Nutrition and Supplements, Pharmaceuticals and Other Applications; by Geography.
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Scope of the Report
Key Market Trends
TABLE OF CONTENTS
Fastest Growing Market:
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The global lecithin market is growing with registering a CAGR of 5.5% during the forecast period (2020-2025).
The rising incidences of lifestyle-based health issues, such as cardiovascular diseases, obesity, osteoporosis, and diabetes, have fuelled consumers’ need for food ingredients like lecithin.
Owing to its various medical benefits, lecithin can be consumed as a medicine, and can also be used in the medicine manufacturing. Lecithin improves liver and cell functioning, fat transport and metabolism, healthy reproduction and child development, and offers a better treatment for gallstone.
In the developed markets, such as the United States and Europe, consumers are actively focusing on the consumption of food products made from organic ingredients, which are obtained from non-GMO (Genetically-modified Organism) extracts.
Scope of the Report
The global lecithin market is segmented by Source into Egg, Soy, Sunflower and Others. The market is segmented by Application into Food and Beverage, Feed, Nutrition and Supplements, Pharmaceuticals and Other Applications. The Geographical analysis of the market has also been included.
Food and Beverage
Nutrition and Supplements
Rest of North America
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of Middle East and Africa
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Key Market Trends
Increasing Application In Nutrition and Supplements
The global marketplace has witnessed a paradigm shift from curative practices to preventive management in healthcare, making it a prime growth factor for the market studied. Healthcare as an industry contributes extensively to the overall economy. Emphasis on care management, focus on paying for value, and rising general inflation are major factors influencing the healthcare cost. Population in the United States, Europe, and Japan is aging, prompting consumers to seek a variety of dietary supplements for maintaining and enhancing the overall health and well being. Thus, the intense focus on the preventive healthcare system, coupled with robust endorsements and marketing efforts of lifestyle enhancement products, is driving the market for lecithin in the dietary supplement industry.
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China to Dominate as A Major Market For Lecithin
Rising demand for natural ingredients is witnessing a rise in the usage of lecithin in bakery and confectionery, dairy, and meat products. Increasing number of food outlets and food service joints seem to be driving the demand for lecithin as a food additive in the Chinese food and beverage industry. China is also a fast-growing market, due to rising cases of obesity and more attention being paid to the nutrition in food products, which drives the market studied. On the other hand, increased demand for personal care products and cosmetics uses in the countries are expected to boost the demand for de-oiled lecithin. Additionally, the booming aquaculture industry in China is expected to boost the demand for lecithin in the animal feed segment.
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The global lecithin market witnesses high competition, with a considerable number of regional level and global players. Companies are actively expanding their product bases, and are increasing their production capacity to meet the demand for the applications emerging from the food and beverage sector.