Global Lecithin market is expected to reach USD 1331.0 million in 2024, at a CAGR of 5.6% from 2018 to 2024. Major factor driving the growth of the market is the increasing demand from various end use industries. Moreover, growing preference for natural ingredients is further propelling the market growth.

Lecithin is a naturally occurring fatty substance found in several foods, including egg yolks, soybeans, nuts, and whole grains. The lecithin molecules have both hydrophilic and lipophilic (water-loving and fat-loving) parts that support the dispersion of oil and water. Lecithin is a natural emulsifier used in food and pharmaceutical industries.

Key findings of the report:

The global Lecithin market is expected to reach USD 1331.0 million in 2024, at a CAGR of 5.6% during 2018 -2024
On the basis of source,
The sunflower segment is expected to register the highest CAGR during the forecast period
Based on the application,
The food segment held the major share of the market in 2017
Asia-Pacific lecithin market is expected to grow at the highest CAGR in 2017
Some of the key companies operating in the market include Cargill; Archer Daniels Midland; Lipoid GmbH; American Lecithin Company, DuPont; Bunge, Inc.; Soya International; Bristol-Myers Squibb; Lecico GmbH; Sodrugestvo Group, among others.
Increasing demand of sunflower lecithin

The sunflower lecithin segment is expected to grow at the fastest rate during the forecast period. Sunflower lecithin is replacing soy lecithin in various food applications. The major factor behind this change is the growing concern regarding the use of soy lecithin due to allergies associated with soy, usage of chemicals to produce soy lecithin, and worries of soy being genetically engineered have resulted in the adoption of sunflower lecithin as an alternative. Sunflower lecithin is hypoallergenic, and can be obtained raw and chemical-free. Moreover, the sunflower lecithin can replace soy lecithin without requiring any major changes in the formulation.

Browse full research report with TOC on “Global Lecithin Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024” at: https://www.energiasmarketresearch.com/global-lecithin-market-report/

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