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Lecithin Market to attain significant growth in coming years, pharmaceutical industry to prominently drive the demand

Author : Rahul Sankrityayan | Published Date : 2019-05-09 

Global Market Insights, Inc. added research on Lecithin Market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.

They are applied in manufacturing of various confectionary products which includes fudges, chocolates, caramels and toffee owing to its antioxidant and flavor protective properties. Pharmaceutical industry prefers soy product owing to its maintenance in oil-in-water and water-in-oil emulsion, thus increasing the industry demand.

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Growing consumer demand towards various bakery products like breads, pastries and cakes may drive lecithin market demand. Emulsifying properties may cater to pharmaceutical and cosmetic industries, thus propelling the industry growth over the forecast timeframe.

Rapeseed or canola lecithin market size may surpass consumption at over 29 kilo tons by 2024. Increasing demand for non-GMO lecithin for its allergen free, lubricant, antioxidant and dispersing properties is expected to boost the product demand.

Growth Drivers:

1.   North America: Increase in personal care product demand

2.   Europe:

  • Growing demand for bakery products
  • Increasing demand for animal feed products

3.   Asia Pacific:

  • Increasing pharmaceutical segment
  • Increasing demand for packaged food products & growing food & beverage sector

Egg yolk lecithin market demand was estimated at over USD 115 million in 2017. It constitutes 66% to 76% of phosphatidylcholine and is used to repair cell membranes. These product act as an emulsifier and is successful in mixing two immiscible liquids.

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U.S. canola lecithin market demand may witness growth at over 4.5% over the forecast period. Increasing demand for various organic cosmetic products owing to several benefits may boost product demand in the region. Growing demand for various skincare products which includes creams, and lotions, may foster industry growth.

Germany egg yolk lecithin market size from food & beverages is anticipated to register gains around 2.5% by 2024. Increasing convenience of ready to eat products and changing food preferences coupled with low fat and organic baked products are predicted to provide a stimulus to the industry growth.

China pharmaceutical applications in sunflower lecithin industry demand may exceed USD 3.4 million by the end of foreseeable timeframe. With government increasing investment in healthcare and R&D, China represents great opportunity for innovative products and technologies and collaboration between international and domestic pharmaceutical companies.

ADM, SOYA, Bunge, Lekithos and Sun Nutrafoods are key industrial players in lecithin market. Strong R&D spending and new product launches may enhance the product portfolio, thereby stimulating the industry growth.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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