The global lecithin market was valued at USD 982 million in 2017 and is anticipated to grow at a CAGR of 5.7% during the forecast period. Lecithin is a fat found in the cells of human body. It is also found in food sources such as soybeans, soy, sunflower, rapeseed, and egg yolks. Lecithin is used for production of food products, cosmetics, and medications. It is used as a medicine while also being used for manufacturing of medicines. Lecithin offers several health benefits such as treatment for memory disorders like dementia and Alzheimer’s disease, gallbladder disease, liver disease, depression, high cholesterol, anxiety, and skin diseases. It is also used as a skin moisturizer, food additive, and ingredient in eye medicines among other applications.
The increasing geriatric population and rising awareness regarding health drive the growth of the Lecithin Market. There has been increasing awareness among consumers regarding the health benefits of Lecithin, which supports the growth of the market. The growing demand for naturally sourced ingredients, and rising trend of low fat convenience food in developing countries has supported the growth of the market. Growing use of Lecithin in food and pharmaceutical sectors has further fueled the demand over the years. Growing demand from emerging economies, increasing consumer awareness, and rising demand for alternate sources of Lecithin are factors expected to provide numerous growth opportunities for Lecithin Market during the forecast period.
Europe Lecithin Market Share By Source, 2017 - 2026
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The global lecithin market is segmented on the basis of type, source, application, and region. Based on type, the market is segmented into Fluid Lecithin, De-Oiled Lecithin, and Modified Lecithin. The fluid Lecithin dominated the global market in 2017 owing to the increasing demand from the animal feed sector.
On the basis of source, the market is segmented into Rapeseed, Sunflower, Soy, and Other Sources. Soy accounted for the highest market share in the global market in 2017. The functional advantages offered by Soy combined with rising demand from industrial applications boosts the market growth.
The application segmented in divided into Food Products, Animal Feed, Pharmaceuticals & Personal Care, Industrial, and other Applications. The animal feed segment dominated the global market in 2017.
The Lecithin Market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. Europe accounted for the largest share in the Global Lecithin market in 2017 owing to growing demand for healthy foods and nutritional supplements, along with increasing industrial applications.
The leading players in the Lecithin Market include Stern-Wywiol Gruppe Pvt. Ltd., Lipoid GmbH, E. I. duPont de Nemours Company, Cargill, Inc., Archer Daniels Midland, Wilmar International, American Lecithin Company, Northland Organic Food Corporation, VAV Life Sciences Pvt. Ltd., and Soya International among others. These leading players in the market are introducing innovative products in the market to cater to the consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence.