The significant growth in the global workforce has led to an increase in the number of consumers spending on processed foods and ready meals, which is driving the growth of the global lecithin market. North America is the main market for lecithin, and the United States accounts for most of the continent. Europe is the second largest market, as the United Kingdom and France account for 20% of the European Union market share.

Lecithin Market Size and Growth Rate:

Lecithin Market is expected to register a CAGR of 5.2% during the forecast period 2018 to 2023.

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Lecithin Market Growth Drivers and Restraints:

Factors such as the increased demand for foods and prepared meals from the workforce, the growing demand for healthier food ingredients, and the extremely flexible and multifunctional nature of this ingredient are the main drivers of growth in the global market. In addition, the rapid growth of the food industry has been a driving force for the lecithin market. Taken together, the aforementioned aspects have persuaded lecithin manufacturers to produce individual and combined products, including non-genetically modified lecithin, which contains a very low amount of fat.

Despite the high potential of several factors to stimulate growth in the global lecithin market, it is also expected to face a small challenge in the future. The presence of several substitutes, such as sodium stearoyl lactylates, sorbitan esters, polyglycerol esters of fatty acids, mono- and diglycosides, esters of sucrose and glycerol polyricinoleate, limits the use of lecithin in the growing food industry. These substitutes could have a significant impact on the lecithin market in the short term. However, the impact can reach medium or long term. In addition, the increase in the prices of raw materials, including soy, eggs and sunflower, as well as the demand for high-quality, low-cost lecithin from the food industry, are also among the imminent limitations of the world Lecithin market.

Geographical Overview of Lecithin Market:

The market is more segmented by region as North America, Europe, Asia-Pacific, Africa and South America. North America is the main market for lecithin, and the United States accounts for most of the region. The market is dominated by a few large companies and several small national factories. Europe is the second largest market, as the United Kingdom and France account for 20% of the European Union market share, thanks to sophisticated natural and organic products that continue to penetrate the market and attract a wider audience. The Asia-Pacific region is also a rapidly growing market due to the growing number of cases of obesity and greater attention to nutrition in food products.

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Key Players of Lecithin Market:

Some of the leading market players of Lecithin Market are Cargill, Archer Daniels Midland, Lipoid GmbH, DuPont, Stern-Wywiol Gruppe Pvt. Ltd, Soya International, The Lechitin Company, Global River Food Ingredients and others.

Lecithin Market Segmentation:

By Source:

• Egg
• Soy
• Sunflower

By Application:

• Food
• Feed
• Nutrition & Supplements
• Pharmaceuticals

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Key Takeaways from this Report:

• For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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