Lecithin Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Lecithin Market is estimated to be USD 861 million in 2016 and predicted to rise to USD 1.14 billion by 2021 with a CAGR of 5.84%. The market is divided by Application (Food, Pharmaceuticals, Feed, Nutritional Supplements and Others), by Source Type (Soy, Sunflower, Egg and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The Global Lecithin market is driven by factors like growing health awareness among consumers, rising demand for natural foods, increasing demand for convenience foods due to rise in working population worldwide and health benefits from its consumption among others. However, the market is constrained by factors like instability in cost of raw material and religious restrictions in consuming lecithin in religions like Islam and Judaism.
The Global Lecithin market is divided on the basis of application into food, pharmaceuticals, feed, nutritional supplements and others. Food segment makes up the largest share in the segment. By source type, the market is divided into soy, sunflower, egg and others. Soy is the largest segment since consumers perceive soy to be healthy and it is easily available. Sunflower based lecithin is growing in popularity and seed based segment is the fastest growing segment.
The Global Lecithin market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America is expected to have the largest market in the world by share. Asia Pacific region is expected to have the largest growth rate in the forecast period, which is a result of rising obesity in the region and growing awareness about healthy foods.
Some of the major players in the market include Cargill, Archer Daniels Midland, Soya International, Lipoid GmbH, Stern-Wywiol Gruppe Pvt. Ltd., DuPont, The Lechitin Company and Global River Food Ingredients.
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