Lecithin Market Hits USD 1.49 Billion By 2025: By Grand View Research, Inc.
San
Francisco, 12 September 2018 - 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.
Full Research
Report On Global Lecithin Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/lecithin-market
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:
www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
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 Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-lecithin-market
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.
For More
Information: www.grandviewresearch.com
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