Consumers are looking for a variety of dietary supplements to help them maintain and improve their overall health. Thus, the dietary supplement industry’s market for lecithin is being driven by the concentrated focus on the preventive healthcare system, as well as strong endorsements and marketing efforts of lifestyle enhancement products. According to Persistence Market Research (PMR), the Global Lecithin Market would be worth more than US$ 2,900 million by 2031, witnessing a CAGR of 6.9% from 2021 to 2031. The key element influencing the market is an increase in demand for food ingredients sourced from diverse natural sources, which would benefit the industry. The increased number of product launches in response to market demand is likely to drive market growth. Apart from that, the increasing demand for natural ingredients is driving an increase in the use of lecithin in bakery and confectionery, dairy, and meat products.
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In terms of regions, the European Lecithin market is projected to be the biggest market in the upcoming period because people in Europe are opting for nutritional supplements and nutritious diets. Furthermore, Europe has a solid demand for bakery and confectionery items, which is likely to hold a large chunk of the market share. The lecithin market in North America is moderate. However, the Asia-Pacific region will grow tremendously, due to millennials’ preference for healthy, low-calorie diets. China is regarded as a rapidly growing market, because of the increasing obesity rates and increased emphasis on nutrition in food products, which stimulates the market growth.
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PMR has presented a comprehensive report based on Lecithin Market as per y Nature (GMO and Non-GMO), Type of Product (Unrefined Lecithin, Refined Lecithin, and Chemically Modified Lecithin), Form (Lecithin Powder, Lecithin Granules, and Liquid Lecithin), Function (Emulsifiers, Dispersing Agents, Surfactants, and Others), Application (Bakery & Confectionery, Dairy Products, Infant & Dietetic Food Products, Meat & Poultry Items, Instant Foods, Other Processed Foods, Dietary Supplements & Pharmaceuticals, Cosmetics Industry, and Animal Feed) based on seven regions.
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