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Lecithin Market share is projected to hit USD 2400 million by 2024

Author : Rahul Sankrityayan | Published Date : 2019-06-24 

Global Market Insights, Inc. has announced the launch of Lecithin Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

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. They have technical properties similar to soy and sunflower and can be substituted in ratio of 1:1 for both.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2875

Rapeseed lecithin market share from cosmetic applications may account for over 10% of the total demand by 2024. This oil is widely used as a remedy for skin ailments as it acts as a rich source of vitamins E & K which reduces skin afflictions and aging signs like acne, fine lines, spots and wrinkles. It also contains anti-oxidant in good amount which protects the skin from oxygen free radicals thus, making it soft and nourished and enhance the overall product demand.

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. Eggs are widely used in food products owing to its emulsifying properties in products like mayonnaise which aids to blend water and oil, thereby driving the product demand.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2875

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. The consumers are now focusing towards organic, ethical and vegan cosmetic products which may enhance market demand.

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.

Spain non-GMO based soy lecithin market size is poised to exceed USD 19 million in the near future. Lecithin in aquafeed improves survival rate of fish and improves growth rate. It reduces the leaching of water soluble nutrients and act as natural antioxidant and feed attractant which may increase the product demand.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/lecithin-market

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. It is used in the form of tablets for the treatment of disorders such as dementia in Alzheimer disease. It is also used for treating bladder disease and types of depression, cholesterol and skin disease eczema, which may favor the industry growth.

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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