With a respectable CAGR of 6.9% between 2021 and 2031, it is anticipated that the global lecithin market will be valued US$ 2.9 Bn in 2031. The CAGR for the worldwide lecithin market was 5.3% between 2016 and 2020, and it is anticipated to increase to 6.9% between 2021 and 2031.
In the current environment, even in developing economies, animal feed is regarded as a reliable source of income. Lecithin consumption would enable animals to build strong immune systems, which would benefit the demand-supply chain as a whole.
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When lecithin is consumed, it is converted into choline, which the body uses to transport fat, control metabolism, maintain the structural integrity of cells, and facilitate nerve transmission (by having synthesised a neurotransmitter known as acetylcholine).
The improvement of sleep patterns, improvement of athletic performance, reduction of anxiety and stress, lowering of cholesterol, reduction of inflammation, improvement of liver function, prevention of ulcerative colitis, mastitis, Alzheimer’s disease, and dementia are just a few of the proven health advantages of lecithin. With terms to consumption, lecithin is clearly a victor due to these advantages. This is clear from the fact that pharmaceuticals and dietary supplements account for the largest market share (26.8%).
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Which Region dominates the Lecithin Market?
“Europe – the highest revenue generator”
Europe is onto a paradigm shift, i.e. the end-customers prefer nutritional supplements and healthy foods. Also, the research related to non-GMO lecithin is “ON”. Plus, Europe is home to a wholesome consumption of bakery & confectionery products, which hold 12.6% of overall market share.
The key players in lecithin market are emphasizing on huge investments in research, so as to facilitate organic expansion in the forecast period. Also, they are shifting their focus towards non-GMO soybean available in the Asia-Pacific and LATAM in an aplomb. Along these lines –
Praan Naturals, in 2019, launched “Organic Sunflower & Soy Lecithin Power and Liquid”. The end-users are “personal care products”.
North America is going steady in the lecithin market. However, the Asia-Pacific will grow stupendously herein, basically due to the millennials vying for healthy and low-calorie food.
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Key Segments Covered in Lecithin Market
Lecithin Market by Nature
Lecithin Market by Type of Product
- Soybean Lecithin
- Sunflower Lecithin
- Rapeseed Lecithin
Chemically Modified Lecithin
Lecithin Market by Form
- Leithin Powder
- Lecithin Granules
- Liquid Lecithin
Lecithin Market by Function
- Dispersing Agents
Lecithin Market by Application
- Bakery & Confectionery
- Dairy Products
- Infant & Dietetic Food Products
- Meat & Poultry Items
- Instant Foods
- Other Processed Foods
- Dietary Supplements & Pharmaceuticals
- Cosmetics Industry
- Animal Feed
Lecithin Market by Region
- North America Lecithin Market
- Latin America Lecithin Market
- Europe Lecithin Market
- East Asia Lecithin Market
- South Asia Lecithin Market
- Oceania Lecithin Market
- Middle East & Africa (MEA) Lecithin Market
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