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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Lecithin Market Trends
Crude lecithin can be sourced as a by-product of vegetable oil production, reducing waste by utilising more of the original plant, and is increasingly being used in a variety of food products to improve shelf-stability while serving as a sustainable ingredient.
With the increasing inclination towards organic products, clean-label and traceable ingredients, the usage of non-GMO lecithin is surging, especially in Asia.
Moreover, manufacturers are attempting to develop lecithin with improved properties to ensure a better control over its physicochemical or organoleptic parameters during its production, which is likely to expand its usage in pharmaceuticals and animal feed applications, among others.
Lecithin Market Report Snapshots
Lecithin Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a volume of 418.9 KMT in 2023.
The market is estimated to grow at a CAGR of 3.8% during 2024-2032
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 584.6 KMT by 2032.
The key market drivers are increasing application of lecithin in foods and pharmaceuticals, and regulations supporting the use of lecithin.
The key market trends are growing demand for non-GMO lecithin and rising innovations around lecithin applications.
The key markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various end uses of lecithin include food and beverages, animal feed, personal care and cosmetics, and pharmaceuticals, among others.
The key players in the market include Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, Caldic B.V., Fismer Lecithin GmbH, Lecilite Ingredients Pvt Ltd, Lipoid GmbH, and Sternchemie GmbH & Co. KG, among others.
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