The global lecithin market is anticipated to grow at a significant CAGR of 5.7% during the forecast period. The prominent factor that drives the market growth includes the increasing demand for a large range of cosmetics products, as lecithin is loaded with antioxidants and exhibits soothing properties. Moreover, the rising concern towards a healthy lifestyle and increasing demand for nutrient enrich food and beverages may stimulate the global lecithin industry growth. Lecithin is highly composed of phospholipids which are sourced from oilseeds, which include sunflower, rapeseed, and soy. The blending property of lecithin is driving its demand in the food and beverages, pharmaceuticals, and cosmetics industry. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including geographical expansion, partnerships, mergers and acquisitions, geographical expansion, and new product launches to remain competitive in the marketplace.
Recent Strategic Initiatives
- In February 2021, Sternchemie launched soy alternatives with new lecithin solutions, to address the growing demand for transparency and quality expectation among the consumers for lecithin solutions. The company is expanding its range of lecithin products, as they are broadly used in various applications such as chocolate, bakery, and other products.
- August 2021- Thew Arnott has opened a lecithin blending site in Monticello, ILL. With this expansion, the company focuses on providing dairy, feed, and confectionery products in US and Canada. Moreover, the new plant processed standard, non-GMO, and non-allergen varieties of the emulsifiers.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Source
- By Type
- By Application
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Archer Daniels Midland Co., Lipoid GmbH, DuPont de Nemours Inc., Cargill Inc., and the Wilmar Group.
A full Report of Lecithin Market is Available @ https://www.omrglobal.com/industry-reports/lecithin-market
Lecithin Market Report by Segment
By Source
- Aluminum Soya
- Rapeseed/ Canola
- Sunflower
- Egg Yolks
By Type
- Thaimine(B1)
- Riboflavin(B2)
- Niacin(B3)
- Pantothenic(B5)
- Pyridoxine(B6)
- Biotin
- Folic Acid
- Cobalamins (B12)
By Application
- Pharmaceuticals
- Cosmetics
- Food and Beverage
- Animal Feed
By Distribution Channel
- Online
- Offline
Lecithin Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- American Lecithin Co.
- Anhui ZC Lecithin Sci-Tech Co., Ltd.Zc Lecithin
- Giiava
- Lasenor Emul, S.L.
- Lecico Gmbh
- Now Health Group Inc.
- Soya International
- Spectrum Chemical
- Sternchemie Gmbh & Co. Kg
- Thew Arnott
- Vav Life Sciences
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
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Article source: https://article-realm.com/article/Food-Beverage/60502-Lecithin-Market-Value-Projected-to-Expand-by-2031.html
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