Infinium Global Research Licithin Market | Page 9

Global Lecithin Market: Trends and Forecast -2023
The market size of lecithin is determined based on the top down approach. The
market size is validated using primary interview with the participants working in
some of the leading players in the lecithin market. The primary interview
participants typically include managers and CXO level executives of the leading
players in this market. The primary interviews not only help identify the market size
of the lecithin market but also identify the factors that promote the growth in the
market and the factors that restrain the growth in this market. The views of
primary respondents were reconciled to provide qualitative analysis of the lecithin
market. The primary respondents also help identifying top 5-10 players and their
possible market share in the respective country markets and in world market. The
bottom-up approach is used to validate the global market size of lecithin. With the
help of primary interviews and secondary research the market size of lecithin is
determined for each country studied, which then is added to arrive at regional
market size and thereby obtaining global market size. This in turn helps us to
validate the market size of lecithin in the world market.
EXECUTIVE SUMMARY
GLOBAL LECITHIN MARKET HIGHLIGHTS, (USD MILLION)
The global Lecithin market was worth USD3006.3 million in 2015 and it is projected
to reach USDxxxx.xmillion, expanding at a CAGR of 7.x% between 2017 and 2013.
The global Lecithin market is driven by the factors such as growing demand for
convenience food, rising awareness about the usability of lecithin in multiple
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.
9
|
© Infinium Global Research