Infinium Global Research Global Licithin Market | Page 10

Global Lecithin Market: Trends and Forecast -2023
industry applications, growing health awareness and preference for natural sources
of ingredients. However, incidences of allergy to soylecithin and health hazards
associated with hexane which is used for extraction of lecithin are likely to act as a
primary restraining factors affecting the global lecithin market over the forecast
period.
Europe dominates the world lecithin market in terms of dollar share, while North
America is anticipated to grow at the highest CAGR over the forecast period. The
growth in the North American region is primarily driven by growing preferences for
natural ingredients and rising application industries such as pharmaceuticals and
cosmetics in North America.
Europe accounted for the largest market share of lecithin and it is mainly driven by
large scale production and consumption of lecithin in Germany, France and United
Kingdom. North America is expected to grow at the highest CAGR of 9.1% in terms
of revenue over the forecast period, while Europe is expected to grow at the
highest CAGR of 8.1% in terms of volume of consumption.
Some of the key players in the global Lecithin market are BASF SE, Archer Daniels
Midland Company, Lipoid Gmbh, E. I. Du Pont De Nemours And Company, Stern-
wywiol Gruppe Gmbh & Co. Kg, Ruchi Soya Industries Limited, Avanti Polar Lipids
Incorporated, Lasenor Emul S.L., Lecico Gmbh, Vav Life Sciences Private Limited,
and Cargill Incorporated.
Lecithin market is expected to experience significant growth globally. The global
market for Lecithin is expected to grow at a CAGR 7.4% over the period of 2017 to
2013 in terms of value and 7.1% in terms of volume. Europe accounted for the
largest market share of lecithin market owing to significant presence of lecithin
manufacturers.
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