The global lecithin market is anticipated to grow at a significant CAGR of 5.7% during the forecast period. The rising occurrences of lifestyle-related disorders, such as cardiovascular diseases, illness, vision loss, and diabetes, have fueled the consumer requirement for nourishment enriches food ingredients, which include lecithin. Lecithin can be categorized as a yellow tarnish greasy substance present in the animal and plant tissues and is widely utilized for smoothing food, homogenizing fluid blends, and dissolving powders. Lecithin is broadly used among various end-user verticals, such as animal feed, and pharmaceuticals, as it assists in the treatment of infections identified with neurological turmoil, liver, and cholesterol level. Expanding inclination toward low-fat food and rising consumption of food at home especially after the COVID-19 pandemic, in different regions is the major factor expected to drive the development of the global lecithin market during the gauge time frame. For instance, as per the US Department of Agriculture Economic Research Service, in 2020 food-at-home spending increased from $808 billion in 2019 to $876.8 billion in 2020, while food-away-from-home spending decreased from $978.2 billion in 2019 to $813.4 billion in 2020. Hence, the rising concern towards healthy food and increasing spending on food-at-home leads to the growth of the global lecithin market during the forecast period.
Get Free Sample link @ https://www.omrglobal.com/request-sample/lecithin-market
The global lecithin market is segmented based on source, type, application, and distribution channel. Based on the source, the market is segmented into soya, rapeseed/ canola, sunflower, and egg yolks. Based on type, the market is segmented into thiamine (b1), riboflavin (b2), niacin (b3), pantothenic (b5), pyridoxine (b6), biotin, folic acid, and cobalamin (b12). Based on application, the market is segmented into pharmaceuticals, cosmetics, food and beverage, and animal feed industries. Based on distribution channel the market is segmented into online and offline. Based on the distribution channel, the offline distribution channel holds a potential share in the market. The presence of various key supermarkets and hypermarkets such as Walmart, D-mart, and others provides a variety of food supplements and nourishment rice ingredients such as lecithin. Hence, the rising number of such outlets leads to an increase in the demand for offline channel segments in the global lecithin market.
A full report of Global Lecithin Market available @ https://www.omrglobal.com/industry-reports/lecithin-market
- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Lecithin Market by Source
- Soya
- Rapeseed/ Canola
- Sunflower
- Egg Yolks
Global Lecithin Market by Type
- Thaimine (B1)
- Riboflavin (B2)
- Niacin (B3)
- Pantothenic (B5)
- Pyridoxine (B6)
- Biotin
- Folic Acid
- Cobalamin (B12)
Global Lecithin Market by Application
- Pharmaceuticals
- Cosmetics
- Food and Beverage
- Animal Feed
Global Lecithin Market by Distribution Channel
- Online
- Offline
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- American Lecithin Co.
- Anhui ZC Lecithin Sci-Tech Co., Ltd.Zc Lecithin
- Giiava
- Lasenor Emul, S.L.
- Lecico Gmbh
- Now Health Group Inc.
- Soya International
- Spectrum Chemical
- Sternchemie Gmbh & Co. Kg
- Thew Arnott
- Vav Life Sciences
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global lecithin market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/lecithin-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
