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Lecithin Market worth 1.11 Billion USD by 2020
The report “Lecithin Market by Lecithin Type, Source (Soy, Sunflower, Egg, and Others), Application (Food, Nutrition & Supplements, Feed, Pharmaceuticals, and Others) & Region - Global Trends and Forecasts to 2020”, analyzes the lecithin & phospholipids market, which is segmented based on the type, application, source, and region. The lecithin & phospholipids market, based on source, includes soy, sunflower, egg, and others. The market, based on application, is segmented into food, nutrition & supplements, feed, pharmaceuticals, and others. The report includes the driving and restraining factors of the market with detailed analyses of opportunities and challenges. The market has been segmented on the basis of the key regions — North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The size of the markets in the key countries has also been covered and projected for each region.
Browse 65 market data Tables and 62 Figures spread through 162 Pages and in-depth TOC on "Lecithin Market by Lecithin Type, Source (Soy, Sunflower, Egg, and Others), Application (Food, Nutrition & Supplements, Feed, Pharmaceuticals, and Others) & Region - Global Trends and Forecasts to 2020"
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The lecithin market was valued at USD 784.5 Million in 2014 and is projected to grow at a CAGR of 5.9% from 2015 to 2020. The food segment in the lecithin market is projected to reach a value of 177.37 million tons by 2020. The nutrition & supplement segment dominated the phospholipids market. The driving factors of the lecithin & phospholipids market are increase in the applications of lecithin & phospholipids such as animal feed, pharmaceuticals, and food; growing demand for natural sources of ingredients; increasing consumer awareness and health concerns; and rise in consumption of convenience foods.
With the increase in per capita income, the expenditure on convenience foods and healthcare products has increased, which has resulted in an increase in the demand for lecithin & phospholipids. These factors provide opportunities for emerging market players. Fluctuating prices of raw materials is the major restraining factor for the market.
The global lecithin & phospholipids market is segmented on basis of application. The applications considered for this research are food, nutrition & supplements, feed, pharmaceuticals, and others. Sources of lecithin & phospholipids are also classified in the segmentation. By source, the soy segment in the phospholipids market accounted for a share of 73.6% in 2014 and is projected to reach a volume of 3536.2 KT.
The market for lecithin is projected to reach USD 1.11 billion by 2020 at a CAGR of 5.9% from 2015 to 2020, in terms of value. The Asia-Pacific region is estimated to be the largest market for lecithin & phospholipids, in terms of both, value and volume, in 2015. In the lecithin market, the Asia-Pacific region is projected to be the fastest-growing market at a CAGR of 5.9%, in terms of value, during the review period. This growth is mainly driven by the growing food, feed, and healthcare industries, particularly in developing countries such as India, China, and Latin American countries.The key players of the lecithin & phospholipids market are undertaking strategic decisions of new product developments, expansions, and investments to maintain their position in the market. They are involved in the research & development of various innovative enzyme products to attain a majority market share. The key players in this market are Cargill Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Lipoid GmbH (Germany), E. I. duPont de Nemours Company (U.S.), and Stern-Wywiol Gruppe Pvt. Ltd. (India).
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