Global Lecithin Market 2017-2021
Lecithin is a yellow, brownish fatty substance extracted from naturally occurring products such as soybeans, sunflower, eggs, and canola seeds. Lecithin is found in both animal and plant tissues. Lecithin can be combined with fats and oils easily. It has an amphiphilic effect based on its structure. It can incorporate both polar phosphorus group and non-polar lipid component, which makes lecithin an effective emulsifier.
Technavio’s analysts forecast the global lecithin market to grow at a CAGR of 5.95% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global lecithin market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lecithin Market 2017-2021
Technavio recognizes the following companies as the key players in the global lecithin market: Archer Daniels Midland (ADM), Bunge, Cargill, DuPont, Lipoid, and Stern-Wywiol Gruppe.
Other Prominent Vendors in the market are: American Lecithin Company, Austrade, Denofa, Helian, Jiusan Oils & Grains Industries Group, LASENOR, LECICO, LEKITHOS, Lucas Meyer Cosmetics, NOW Foods, Prinova, Ruchi Soya Industries, SIME DARBY UNIMILLS, Sun Nutrafoods, and VAV Life Sciences.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising prominence of private labels. Private label is one of the important and prominent strategies from the retail sector. The market share of private label products is increasing across the world. It varies according to the product segment.”
According to the report, one driver in the market is health benefits of lecithin. Lecithin is a lipid material that contains choline and inositol, which is found in all living cells. It is directly consumed through lecithin-rich foods such as eggs, soy, sunflower, and others. Lecithin is sold as a food supplement and for medical uses. It is used in the treatment of gallbladder diseases, liver problems, some types of anxiety, depression, and eczema (skin disease). It is also a vital ingredient in eye medications.
Further, the report states that one challenge in the market is fluctuating raw material prices. The rising prices of raw materials, including soybean, are expected to hamper the market growth. The food industry's demand for high-quality lecithin at low costs is also challenging the growth of the market. The growing gap between the supply and demand in recent years has increased the costs of raw materials substantially. Any surge in the price of raw materials, such as soy, not only increases the manufacturing cost but leads to reduced profit margins for vendors.
Archer Daniels Midland (ADM), Bunge, Cargill, DuPont, Lipoid, Stern-Wywiol Gruppe, American Lecithin Company, Austrade, Denofa, Helian, Jiusan Oils & Grains Industries Group, LASENOR, LECICO, LEKITHOS, Lucas Meyer Cosmetics, NOW Foods, Prinova, Ruchi Soya Industries, SIME DARBY UNIMILLS, Sun Nutrafoods, and VAV Life Sciences.
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