The global lecithin market is expected to
reach USD 1.49 billion by 2025, according to a new report by Grand View
Research, Inc. The growing awareness about natural emulsifiers and its rising
demand in the manufacturing of food products is expected to drive the market
growth.
The emulsification and lubricant
properties exhibited by lecithin coupled with eco-friendly nature have
increased its importance. The product has numerous applications in the
pharmaceutical, food & beverage, animal feed, paints, and industrial
sectors. The growing demand for the product in chocolate & confectionery,
margarine & spreads, bakery products, and beverages is anticipated to propel
the market growth.
The demand in Europe is
increasing rapidly owing to the presence of a large number of sunflower
lecithin manufacturing facilities in the region. The market in Asia Pacific is
anticipated to grow rapidly on account of growing number of oilseed crushing
facilities coupled with the prospects of exporting lecithin to Europe. The
availability of non-GMO soybean in the region is expected to have a positive
impact on the market growth.
Browse full research report on Lecithin Market: http://www.grandviewresearch.com/industry-analysis/lecithin-market
Further key findings from the report suggest:
- Sunflower lecithin is the fastest growing product
segment and expected to register a CAGR of 7.6% from 2017 to 2025 owing to
decrease in soybean lecithin demand
- Bakery application segment is projected to grow at a
CAGR of 6.6% from 2017 to 2025 on account of the growing demand for
sugar-free bakery products
- Industrial application segment is projected to grow
at a CAGR of 6.0% from 2017 to 2025 owing to the growing demand for
products derived from natural sources
- North America accounted for 28.5% of the global
market share in 2016 owing to the presence of a large number of soybean
fields in the U.S. and Canada
- The market value of lecithin in the Central &
South America region is expected to grow to USD 0.16 billion in 2025
backed by the growing consumption in Brazil and Argentina
- The market is highly fragmented in nature with the
presence of a large number of small and large manufacturers
- Manufacturers have focused their research efforts on
extracting lecithin from sources such as rice and maize to keep up with
the growing demand
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global lecithin market
on the basis of source, application, and region:
Source Outlook (Volume, Kilo Tons; Revenue, USD Million;
2014 - 2025)
- Soy
- Sunflower
- Rapeseed
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million; 2014 - 2025)
- Convenience
Foods
- Bakery
- Confectionary
- Pharmaceuticals
& Personal Care
- Animal
Feed
- Industrial
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- France
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Argentina
- Middle
East & Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-lecithin-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.