Global Lecithin Market Size, Share, Growth Analysis, By Form(Liquid, Powder and Granules), By End-use(Convenience Food, Bakery), By Source(Soy, Sunflower) - Industry Forecast 2024-2031

Report ID: SQMIG30I2199 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 95 | Figures: 79

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Global Lecithin Market size was valued at USD 589.07 million in 2022 and is poised to grow from USD 634.43 million in 2023 to USD 1148.44 million by 2031, at a CAGR of 7.70% during the forecast period (2024-2031).

The lecithin market is extremely fragmented in nature and is subject to fierce competition. Market participants are spending a lot of money on R&D initiatives involving technological breakthroughs for process optimization, the creation of new products, the diversification of the product portfolio for their current products, and regional growth. Gaining a stronger regional presence and forging partnerships with important end users will provide a company an advantage over rivals in the market. Key players may be able to increase their global footprint through mergers, acquisitions, and joint ventures. 'Cargill, Inc.', 'ADM', 'Lipoid GmbH', 'Bunge Limited', 'American Lecithin Company', 'Global River Food Ingredients', 'DuPont de Nemours, Inc.', 'Stern-Wywiol Gruppe GmbH & Co. KG', 'Haneil Soyatech Pvt. Ltd.', 'NOW Foods', 'Thew Arnott & Co. Ltd.', 'GIIAVA', 'AKK Soya International', 'Imcopo Food Ingredients B.V.', 'Sun Nutrafoods', 'Lasenor EMUL., S.L.', 'Sime Darby Unimills B.V.', 'LECICO GmbH', 'Wilmar International Ltd.', 'Yugen Chemicals', 'Barentz', 'Tianjin Hexiyuan Lecithin Technology Co., Ltd.', 'Orison Chemicals Limited'

Lecithin is a natural and functional ingredient that is used in a variety of food, pharmaceutical, and industrial applications. With the increasing demand for natural and functional ingredients, the demand for lecithin is expected to grow in the coming years.

Rising demand for non-GMO and organic lecithin: With the increasing consumer demand for non-GMO and organic products, there is a growing trend towards the use of non-GMO and organic lecithin. This trend is particularly strong in the food and dietary supplement industries.

Europe held the largest revenue share of more than 30% in the lecithin market in 2021. The presence of numerous lecithin producers in the region explains this. The region's plentiful raw materials and growing health consciousness among consumers are further factors driving demand.

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Global Lecithin Market Size, Share, Growth Analysis, By Form(Liquid, Powder and Granules), By End-use(Convenience Food, Bakery), By Source(Soy, Sunflower) - Industry Forecast 2024-2031

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