New York
City, 24 January 2019: The Report Lecithin Market is anticipated to
reach over USD 1,605 million by 2026 according to a new research published by
Polaris Market Research. In 2017, the soy segment dominated the global market,
in terms of revenue. Europe was the leading contributor to the global market revenue
in 2017.
A
significant increase in awareness regarding healthy diet, changing lifestyles,
and health benefits offered by Lecithin drive the growth of the Lecithin
Market. Other driving factors include growing inclination towards use of
naturally sourced products, and increasing use of Lecithin in medicinal and
pharmaceutical applications. Improvement in lifestyle due to rise in income
level, especially in the developing countries of Asia-Pacific further fuels the
growth of the Lecithin market. Factors such as increase in per capita income,
changes in consumer behavior, and increased awareness regarding health and
nutrition are expected to accelerate the adoption of Lecithin in the coming
years. Increasing demand from developing nations, and growing use in the
nutraceuticals industry is expected provide numerous growth opportunities to
the market players during the forecast period.
Competitive Landscape and Key Vendors:
Europe
generated the highest revenue in the Lecithin Market in 2017. The increasing
health awareness in the region coupled with high disposable income drives the
market growth. The increasing demand of Lecithin in the region is owing to high
consumer awareness regarding the benefits of Lecithin, and growing industrial
applications. Asia-Pacific is expected to grow at the highest CAGR during the
forecast period owing to increasing disposable incomes in developing countries
of this region, and rising demand of Lecithin for animal feed, and
pharmaceutical.
The well-known companies profiled in the
Lecithin Market report
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. These companies launch new products and
collaborate with other market leaders to innovate and launch new products to
meet the increasing needs and requirements of consumers.
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