Global is likely to grow at a CAGR of 5.4%, during the period 2015 – 2020. the global lecithin market was worth $787.7 million in 2014, and is expected to grow significantly by 2020, registering a CAGR of 5.4%, during the period 2015 – 2020. Low fat and convenience foods are in huge demand around the world, which contain lecithin, and thus, have been helping this market grow.
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Asia-Pacific has been witnessing continuous investment in nutrition and health supplement, food and cosmetics industries, which is driving the growth of the lecithin market in the region. Since, it helps them cater to the increasing demand for lecithin, which is widely used in both food products (baked food, chocolate, and cheese products) and cosmetic products (lipsticks, conditioners and creams). Growth of end-user industries in Asia-Pacific is helping the region offer significant growth opportunities for the global lecithin market.
Geographically, Europe has been the largest market for lecithin, in recent past. Growing demand for lecithin from different industries, primarily, drove the regional market growth. These industries may include processed food, cosmetics, animal feed, and health and nutrition industry. Other factors that have been boosting the lecithin market growth in the European region include surge in global meat consumption, and increasing awareness about dairy products and meat quality. However, Asia-Pacific is expected to witness the fastest growth, in the near future, at a CAGR of 9.1%.
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Though, increase in the number of consumers spending on processed food is driving the growth of the global lecithin market, certain other factors are also acting as major drivers for the market. These factors include rising demand for novel ingredients that cut fat content from processed food. Sunflower is a source of lecithin. The increasing use of the same by major players due to surged demand in bakery industry is driving the lecithin market growth. Lecithin is multifunctional and flexible in nature, which helps increase its adoption in end-user industries. Again, this acts as a driver for the global market growth.
Some of the major companies operating in the global lecithin market include Archer Daniels Midland Company, Ruchi Soya Industries Ltd., Lasenor Emul S.L., Sternchemie GmbH & Co. KG, E. I. du Pont de Nemours and Company, Aceitera General Deheza S.A., Cargill Incorporated, Lipoid GmbH, VAV Life Sciences Pvt. Ltd., and Kewpie Corporation.
Asia-Pacific has been witnessing continuous investment in nutrition and health supplement, food and cosmetics industries, which is driving the growth of the lecithin market in the region. Since, it helps them cater to the increasing demand for lecithin, which is widely used in both food products (baked food, chocolate, and cheese products) and cosmetic products (lipsticks, conditioners and creams). Growth of end-user industries in Asia-Pacific is helping the region offer significant growth opportunities for the global lecithin market.
Geographically, Europe has been the largest market for lecithin, in recent past. Growing demand for lecithin from different industries, primarily, drove the regional market growth. These industries may include processed food, cosmetics, animal feed, and health and nutrition industry. Other factors that have been boosting the lecithin market growth in the European region include surge in global meat consumption, and increasing awareness about dairy products and meat quality. However, Asia-Pacific is expected to witness the fastest growth, in the near future, at a CAGR of 9.1%.
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Though, increase in the number of consumers spending on processed food is driving the growth of the global lecithin market, certain other factors are also acting as major drivers for the market. These factors include rising demand for novel ingredients that cut fat content from processed food. Sunflower is a source of lecithin. The increasing use of the same by major players due to surged demand in bakery industry is driving the lecithin market growth. Lecithin is multifunctional and flexible in nature, which helps increase its adoption in end-user industries. Again, this acts as a driver for the global market growth.
Some of the major companies operating in the global lecithin market include Archer Daniels Midland Company, Ruchi Soya Industries Ltd., Lasenor Emul S.L., Sternchemie GmbH & Co. KG, E. I. du Pont de Nemours and Company, Aceitera General Deheza S.A., Cargill Incorporated, Lipoid GmbH, VAV Life Sciences Pvt. Ltd., and Kewpie Corporation.
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